The former President of Encap Golf Holdings LLC (“Encap”), William Gauger III, was indicted this week for his participation in a scheme to extort approximately $100,000 from a financial consultant and a fraudulent invoicing scheme relating to his work for a New Jersey-based management firm. Gauger allegedly hired his brother-inlaw Craig Groce, who was originally …
In early December Edward Lawson pleaded guilty to wire fraud in connection with a $6.2 million fraudulent investment scheme. According to his plea, Lawson was the president of “Automated Revenue Creation LLC” and “Guaranteed Results Advertising, LLC” (collectively, GRA). GRA’s investment literature stated that it was in the business of providing advertising through “Narrow Cast …
Former managing director of a hedge fund (that was forced into receivership by U.S. government regulations), Philip Baker, was sentenced this month to 20 years in prison for fraudulently soliciting and obtaining around $294 million from around 900 investors across the world. Baker, who controlled Lake Shore Asset Management, and the Lake Shore Group of …
Earlier this year Janice Edwina Demmitt was convicted of the federal felony offenses charged in a 27-count indictment against her and her son, Timothy Fry. At trial, Demmitt was convicted on on one count of conspiracy to commit money laundering, eight counts of wire fraud and 11 counts of money laundering. Her son, Fry, whom …