It’s annual pet scammer week! That’s a lie. But it sure feels like it. Eric Stein was charged with running an investment scam through Return-A-Pet LLC. Return-A-Pet was a New York company that allegedly facilitated the return of lost pets to their owners. Stein was out on supervised release for a previous investment fraud scheme …
On Wednesday of last week word broke about the largest insider trading scheme involving single stock charged to date. Three defendants have pled guilty and are cooperating with the government’s investigating a scheme that allegedly netted more than $61.8 million in illegal profits. Charges were announced against seven investment professionals, who worked at three different …
Bradley Stark, the fraudster defendant who represented himself at trail was convicted by a federal jury for deceiving investors about an investment scheme that involved more than 200 victims and more than $14 million. Following Stark’s five-day trial he has been convicted on all counts of an indictment charging him with seven counts of wire …
Sydney Jack Williams of Naples, Florida was sentenced today to a year and a day in prison for failing to report more than $12 million to the IRS in related commissions received in Nevin Shapiro’s $930 million Ponzi scheme. Williams previously plead guilty to an Information that charged him with one count of subscribing to …
Apparently an Illinois investment advisor, Steven Salutric, engaged in an investment fraud that swindled the retirement savings of 10 elderly clients to lose more than $4.26 million. Salutric was charged with one count wire fraud in a criminal information filed in late December of 2011. Apparently Salutric diverted clients’ funds to his personal business associates …
An attorney for South Carolina health care device company, Signalife, was arrested last week at Los Angeles International Airport (LAX) on charges related to his alleged role in a multi-million dollar market manipulation fraud scheme. The indictment charges Mitchell Stein with one count of conspiracy to commit mail fraud and wire fraud, three counts of …
Yesterday it was announced in Illinois that Edward Lynn Moskop was sentenced to the maximum statutory penalties of 240 months in prison for mail fraud and 120 months for money laundering. This 360 month (30 year sentence) sentence is to be served concurrently followed by three years supervised release after. The sentence follows Moskop’s guilty …
I really don’t understand why criminals who have failed previous times in the past at committing a crime honestly think they have what it takes to commit it again. Last month Jon Edward Hankins was sentenced to prison on charges of wire fraud in connection with his scheme to lure investors to invest into his …
It was announced this week that Tyrone Gilliams, Jr., was indicted on charges of securities and wire fraud for operating a fraudulent United States Treasury Strips investment program. Treasury Strips are securities derived from United States Treasury Bonds. Gilliams is the owner of TL Gilliams, LLC. In the summer of 2010, Gilliams personally solicited $4 …
Last Friday former chief accounting officer, Michael Rand, for Beazer Homes was convicted for seven crimes relating to an accounting fraud conspiracy at Beazer over a seven year time span along with document destruction and obstruction of justice. The government has been investigating Beazer for just over 3 and a half year (since March 2007) …