On an order issued by a judge in New Zealand, Kim Dotcom, the founder of a site for file-sharing, will be held in custody for copyright infringement. The judge stated that the alleged internet pirate was a flight risk. Dotcom will remain in custody till February 22. The US is currently doing its best to… Read More
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Raymond Foakes to Serve 6 Years in Jail for Mortgage Fraud Scheme
Raymond Foakes, Sonoma Chapter Hell’s Angels’ former president, will have to serve nearly 6 years jail time for allegedly being involved in a $10 million mortgage fraud scheme. Foakes has been accused of getting mortgage loans illegally between 2006 and 2007. He supplied false documents to buy many homes. Foakes also altered bank statements to… Read More
Allen Stanford Accused of Investment Fraud to Appear in Court
Allen Stanford, a former billionaire from Texas, was indicted by prosecutors for investment fraud two and a half years ago. He is supposed to appear for trial at the federal court house in Houston on the 23rd of January, 2012. Before he was indicted in 2009, Stanford appeared in court with a lawyer and agreed… Read More
Seven Men Charged of Insider Trading in the US
Seven men have been accused of being involved in an insider trading scheme in the US. This group of men has been charged with forming a team of co-workers and friends who made about $62 million through Dell Inc. shares’ insider trading. Among the accused, are analysts and fund managers. Preet Bharara – Insider Trading… Read More
Former Deputy of Los Angeles Jail Accused of Bribery
A former sheriff’s deputy has been alleged to have been involved in bribery. The accused, Gilbert Michel, smuggled goods into the Men’s Central Jail. According to reports from the office of a US attorney, the 38 year old Michel was snared in a sting operation conducted by the FBI last fall. Michel got Illegal Goods… Read More
Palisades Park Man found Guilty of Identity Fraud and Wire Fraud
A Palisades Parkman confessed that he had been involved in identity fraud and bank fraud. An identity-theft ring was run by the accused. He peddled social security cards to a large number of Korean clients. They used the fake IDs to steal millions of dollars through credit cards and fraudulent bank loans. Sang-Hyun’s Confession The… Read More
Clinton Resident Accused of Bank Fraud
A federal court sentenced Eric Omar Jones – a resident of Clinton- to 13 years in confinement. The charges brought against the accused are that of committing bank fraud. Eric had been involved in sending fake statements to banks to get loans. In addition to 13 years in prison, the court also imposed restitution worth… Read More
Hospice Care Company Involved in Medicare Fraud
A hospice care company owned partially by a San Francisco based private equity firm has been accused of cheating Medicare of a large amount of money. A legal complaint has been filed against the hospice, called AseraCare, by the US Department of Justice for the fraud. AseraCare Illegally Certified Patients for Medicare Payments According to… Read More
Fire Inspector accused of Bribery
An employee of the Fire Department in New York City has been accused of taking bribes. The employee, Carlos Montoya took thousands of dollars as bribes and compromised the safety standards of day care centers in New York City. Montoya helped day care centers in obtaining fake paperwork which certified the organizations as being eligible… Read More
James Fleishman Accused of Insider Trading
A few days ago, James Fleishman, a manager at a hedge fund, was sentenced to two and a half years prison time. He was accused of insider trading and was convicted for wire fraud and conspiracy. This was following a trial that lasted for two and a half weeks. According to the judge, the crime… Read More
