Displaying 160 results
Ponzi scheme lands woman in federal pen
A Southern California woman has been sentenced to five years in federal prison for an investment fraud that cost victims $6.1 million
Adviser accused of scamming John Elway, dozens more
A Greenwood Village hedge fund manager, whose threatened suicide in April unraveled an alleged Ponzi scheme involving $71 million, was charged Tuesday with theft, securities fraud, and violating Colorado's organized crime law.
Fund manager who faked plane death lands in jail
Convicted swindler Marcus Schrenker gets 10-year prison sentence; 'I let my assets control me'
Arrested in Cannes, accused L.A. Ponzi artist facing 360 years in can
Friedman accused of running $225M investment scheme in California; 'scratch and dent'
Ex-adviser to Michael Vick could be tossed in jail
Mary Wong admits to stealing more than $3M from Vick, other NFL players; facing possible prison time
Brazen Ponzi artist scammed FBI, IRS agents for two decades
For more than two decades, scammer Kenneth Wayne McLeod gave seminars and managed money for U.S. law enforcement officials. Finally, the law caught up with him.
Adviser who allegedly scammed retirees booted out of securities biz
SEC says Sandra Venetis targeted retirees in long-running fraud; allegedly used money for trips, gambling
Ex-NY Islander owner cops to hedge fund fraud
Paul Greenwood pleads guilty to using abritrage fund as 'personal piggy bank'; spent $80K on teddy bear
Pro driver arrested on new Ponzi scheme charges
A former race car driver suspected of running a more than $5 million Ponzi scheme has been arrested on additional charges in central Florida.
Limo driver’s "road to nowhere’ led to fraud
Dial Car Inc. is one of New York's biggest limousine services, with a fleet of 600 cars. It was also the place where one of the most unusual Wall Street fraudsters to surface in many years worked.
Ex-NFL star sues Rothstein’s firm over trust account
Retired NFL star Warren Sapp is asking to recover over $100,000 in a trust account left by the law firm of a man who pleaded guilty to running a Ponzi scheme.
Accused money manager Chimay: I’m not guilty
New York money manager Guy de Chimay, who claims to be related to royalty in Belgium, pleaded not…
Broker who cost investors $1B ordered to prison
Former Credit Suisse Group AG broker Eric Butler, free while appealing his conviction for fraudulently selling subprime securities that cost investors more than $1.1 billion in losses, was ordered to begin serving his prison sentence.
Ex-Credit Suisse broker convicted in $1B subprime fraud
A former Wall Street broker has been convicted of conspiracy and securities fraud after investors lost nearly $1 billion in a subprime mortgage fraud.
Starr said ‘not that much’ to theft-size accusation
Kenneth I. Starr replied “not that much” to an investigator who accused him of stealing $30 million, a prosecutor said in court -- a statement the government said it may try to use against the accused investment adviser.
Indictment, emails reveal disturbing details in alleged muni bond bid-rigging scheme
For three years, the Justice Department has been probing a purported massive conspiracy in the muni bond market. An inside look at the government's investigation reveals how banks, traders, advisers and brokers allegedly cheated towns and taxpayers out of billions of dollars.
Finra accuses broker-dealer of private-placement fraud
Regulator charged McGinn Smith with “misusing” investors' funds in the sale of $89 million in private notes
New details on limo driver in hedge fund fraud
Wall Street chauffeur Alan Fishman drove for Dial Car Inc., and even sat on its board. Hating his “road to nowhere,” he and a family member started a hedge fund that allegedly bilked clients out of $20 million.
Financial adviser to the stars gets long run in prison
Kenneth I. Starr sentenced to more than seven years in jail for fraud; clients included Sylvester Stallone, Wesley Snipes
Bank of America sues adviser to the stars
Kenneth Starr, who pleaded guilty in September in a $59 million fraud case, was sued by Bank of America Corp. over an unpaid $500,000 debt.
