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Counterfeiters generally cash in on products by top design houses like Chanel and LV. However, this year, there was a shift in their preference. The counterfeiters focused more on plastic toys of Angry Birds and Christmas lights. According to the US Immigration and Customs director, the counterfeiters are doing their best to stay in tune… Read More

  Goldman Sachs Group’s former director, Rajat Gupta, has requested that a few counts made against him be dismissed. During a Galleon Group LLC probe, Gupta was charged for insider trading. In the indictment, the government looked at two situations in which the co-founder of Galleon, Raj Rajaratnam, traded on details that were obtained from… Read More

Scott Rothstein, a lawyer from Florida who was sentenced to spend fifty years in jail for having carried out a Ponzi scheme of $1.2 billion, stated that he had help in doing it. He said that officials in 3 hedge funds being operated in Manhattan aided him in carrying out the fraud. A court deposition… Read More

The Federal court in Indianapolis charged a member of the city council along with two of his associates with several counts of money laundering and wire fraud. All three were connected to a foundation that had been investigated for over two years. Paul C. Bateman Jr., Manuel Gonzalez and Michael L. Russell, office holders at… Read More

James Turner (44), the Chief Investment Officer of Clay Capital Management, a hedge fund, pleaded guilty to charges of insider trading. Prosecutors claim that the scheme generated illegal profits upwards of $2.5 million. Turner testified at Federal Court in Newark, New Jersey that he had illegally traded shares of Moldflow Corp, Autodesk Inc and Salesforce.com… Read More

Clifton Sanders (41) and Ajamu Stewart (54), former employees of the Department of Public Health in San Francisco, have been charged with felony bribery. The two former officials allegedly demanded payments from restaurant managers in order to grant them certification. More than 350 restaurants have been implicated in the scam. The Modus Operandi Stewart and… Read More

The former property manager for Tenderloin Housing Clinic in San Francisco pleaded guilty to charges of embezzlement. James Holland (41) admitted to embezzling from the non-profit institution, cheating them out of more than $30,000. The Modus Operandi According to the authorities, Holland collected $15,000 from the tenants of the housing clinic in the form of… Read More

Former San Francisco resident, Janelyn Dasig was sentenced to four years of Federal prison time for her part in defrauding several Wells Fargo Banks inTreasure Valley, Idaho. Dasig (27) pleaded guilty to charges of aggravated identity theft and bank fraud. She admitted that she went to branches of the bank in Eagle,Nampa and Boise with… Read More

  Lucky Supermarkets has been overwhelmed with complaints from customers who claim that all the money in their bank accounts has been stolen, after their debit cards were used at the supermarket’s self-checkout counters. According to the authorities, 300 plus customers have been defrauded via unauthorized monetary withdrawals from their bank accounts. The Modus Operandi… Read More

  Dr. Joseph ‘Chip’ Skowron III, a Yale graduate, was sentenced to five years of jail time for evading investment losses valued at $30 million through insider trading. He got his information from a fellow doctor, Yves Benhamou. Skowron (42) pleaded guilty to charges of conspiring to commit securities fraud and the obstruction of justice. He… Read More