Niesha Taylor (27), a resident of San Francisco, has been sentenced to 9 months of jail time for pretending to be a victim of the San Bruno natural gas pipeline explosion. According to the prosecuting attorney, Niesha was trying to receive free benefits which were intended for victims of the explosion. She was also placed… Read More
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Former Pegasus Wireless CFO Sentenced for Security Fraud
Stephen Durland (57) of Greensboro, North Carolina, was sentenced by the San Francisco federal court to two years and nine months of prison time for his part in a fraud scheme which occurred when he was CFO of Pegasus Wireless Corp. The company was then based in Fremont. The fraudulent scheme took the form of… Read More
Gangs Turn to White Collar Crime: Computers Not Guns
Gangs which operate on a national level, like the Crips and Bloods, are turning more to financial white collar crime. Some of these crimes are: credit card fraud, mortgage fraud and identity theft. According to the FBI’s National Gang Threat Assessment, the gangs are finding these crimes more profitable than more traditional gang crimes like… Read More
SF Bank Executives Accused of Fraud
Two officials, who were formerly employed at the United Commercial Bank in San Francisco before the institution failed, were charged with securities fraud by the grand jury, aided by a San Francisco CA criminal defense lawyer. The two former executives pleaded not guilty to charges of fraud, despite allegations that the bank tampered with financial… Read More
San Francisco Mayoral Race Fraught with Voter Fraud Allegations
The mayoral race in San Francisco has been subject to shocking allegations of voter fraud. The district attorney, George Gascon, has begun an investigation on the accusations. There is an increasing demand for federal authorities to take over the investigation. What are the Allegations? Current Mayor, Ed Lee, who is standing for a full term… Read More
Former CEO Sentenced to Five Years for Embezzlement
The former CEO of Bricsnet, a San Francisco software company, was sentenced to more than 5 years in jail. He was also ordered to pay the company restitution which amounts to more than $1.5 million. Details of the Case According to FBI prosecutors, Ethan Farid Jinian was sentenced to 64 months of prison time after… Read More
Woman Convicted of Grand Theft in San Francisco
Rachel Marie Smith (30), a San Francisco resident, was convicted and sentenced to two years of jail time recently. Smith was found guilty of swindling 18 people who approached her to rent her apartment. She collected $110,000 from her dealings. She pleaded guilty to three counts of grand theft and while being sentenced in the… Read More
Former Postal Worker Convicted of Passing Counterfeit Cash
Emmanuel Odio Esezobor, aged 51, a former employee of the post office in Alamo, was convicted on a single count of theft of public money and seven counts of distributing counterfeit money. He was convicted by the District court jury in Oakland, California. Esezobor stole $13,800 from the U.S Postal Service and distributed counterfeit cash… Read More
Criminal Charges Brought Against Rajat Gupta for Insider Trading
Rajat Gupta, the former director at Proctor and Gamble and Goldman Sachs is facing criminal charges for insider trading. He has been charged with conspiracy to commit securities fraud and committing securities fraud in five instances. Gupta is accused of sharing inside information with Raj Rajaratnam, one of the founders of the Galleon Group,… Read More
Hedge Fund Fraud
A hedge fund can be defined as a private investment fund that is generally made available to a limited set of investors. Given the recent increase in the popularity of hedge funds, there has been a steady rise in the number of lawsuits being filed among funds, their investors, and government regulators. Because many hedge… Read More