TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than … Read more
BROOKLYN, NY — A licensed Brooklyn financial advisor has been indicted for allegedly orchestrating a Ponzi scheme that defrauded 10 clients out of approximately $1.24 … Read more
MIAMI — Efrain Betancourt, Jr., 36, a Colombian citizen, was arrested last week upon entering the United States and charged with orchestrating a $66 million … Read more
GLEN COVE, NY – Nassau County District Attorney Anne T. Donnelly announced today that Rand Heckler, a 67-year-old former investment broker from Glen Cove, was … Read more
NEW YORK, NY – James Robinson and David Kennedy, principals of the Spain-based United Property Group, have pleaded guilty to wire fraud conspiracy in connection … Read more
NEWARK, NJ. – Vincent Dispoto Jr., a 66-year-old from Belmar, New Jersey, was arrested today on charges related to a fraudulent scheme spanning over three … Read more
A superseding indictment was unsealed yesterday charging an Australian national and a California man with operating a cryptocurrency Ponzi scheme that defrauded victims of more … Read more
SANTA ANA, California – A San Fernando Valley man was sentenced today to 87 months in federal prison for scheming with his brother to fraudulently … Read more
Di pengadilan federal di Brooklyn, Dakwaan 16 dakwaan dan 16 dakwaan pengganti telah dibuka segelnyadalam penuntutan warga negara Indonesia bernama Francius Marganda yang melakukan penipuan … Read more
A 16-count indictment and 16-count superseding indictment were unsealed in federal court in Brooklyn charging Indonesian national Francius Marganda with securities fraud, wire fraud, money … Read more
MINNEAPOLIS – A Shakopee man has been sentenced to 51 months in prison, three years of supervised release, and ordered to pay $3.1 million in … Read more
CLEVELAND, OH – Paul Kimmins Lebo, a 41-year-old Lakewood resident, was sentenced to 48 months in prison for wire fraud related to a Ponzi scheme. … Read more
BERGEN COUNTY, NJ – On Friday, Chander Singh of Teaneck, New Jersey was sentenced to 8 years in New Jersey State Prison for money laundering … Read more
MINEOLA, NY – Rand Heckler, 67, a former investment broker from Glen Cove, pleaded guilty yesterday before Judge Terence Murphy to one count of Grand … Read more
New York, NY – Canton, Michigan resident Franklin Ray, a recidivist fraudster, pled guilty today to multiple counts of wire fraud, including one count of … Read more
Damian Williams, the United States Attorney for the Southern District of New York, and Daniel B. Brubaker, Inspector in Charge of the New York Division … Read more
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 ROCHESTER, N.Y. – U.S. Attorney Trini E. Ross announced today that Paul LaRocco, 60, of Ocala, Florida, … Read more
By Dietrich Knauth (Reuters) – A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as … Read more
Tacoma – An unlicensed “investment advisor” from Vancouver, Washington, was sentenced today in U.S. District Court in Tacoma to 75 months in prison for mail … Read more
Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Arley Ray Johnson, age 63, of Bowie, Maryland, yesterday to 78 months in federal prison, … Read more
Damian Williams, the United States Attorney for the Southern District of New York, announced the arrest in Spain of NESTOR NUÑEZ, a/k/a “Salvador Molina,” on … Read more
LAS VEGAS – A Las Vegas business owner and operator who pleaded guilty to wire fraud was sentenced yesterday by U.S. District Judge Jennifer A. … Read more
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, NY–Christopher A. Parris, 42, formerly of Rochester, NY, and currently of Lawrenceville, Georgia, who was convicted … Read more
Damian Williams, the United States Attorney for the Southern District of New York, and Ivan J. Arvelo, the Special Agent in Charge of the New … Read more
FRESNO, Calif. — Royce Newcomb, 60, of Fresno, charged in connection with schemes estimated to have defrauded investors and the government out of more than … Read more
NEWARK, N.J. – A Nevada woman was indicted today on wire fraud, money laundering, and obstruction of justice charges related to a $7 million advance … Read more
NEWARK, N.J. – A Nevada woman was indicted today on wire fraud, money laundering, and obstruction of justice charges related to a $7 million advance … Read more
LOS ANGELES – A Santa Barbara man was sentenced today to 133 months in federal prison for stealing approximately $14 million from victims who … Read more
Assistant U. S. Attorneys Peter S. Horn (619) 546-6795 and Aaron P. Arnzen (619) 546-8384 NEWS RELEASE SUMMARY – October 4, 2022 SAN DIEGO – … Read more
MIAMI — South Florida federal prosecutors have charged Judith Dianne Paris-Pinder, 49, with defrauding people out of millions by lying about the nature of proposed … Read more
SAN JUAN, Puerto Rico – Carlos Maldonado, owner of Business Planning Resources International Corporation (BPRIC), Glorimar Fashions and Tailoring, LLC, Global Business Insurance Agency Inc., … Read more
COLUMBUS, Ohio – A Jackson, Ohio man was sentenced in U.S. District Court today to 108 months in prison for orchestrating a $50 million dollar … Read more
Tacoma – An unlicensed “investment advisor” from Vancouver, Washington, pleaded guilty today in U.S. District Court in Tacoma to mail fraud in connection with his … Read more
Former Westlake Investment Advisor Raymond A. Erker, 52, of Avon, Ohio, was sentenced today by U.S. District Judge Dan Polster to nearly 22 years in … Read more
MIDLAND – A Keller man was sentenced yesterday to 168 months in prison and ordered to pay $14,538,967.27 in restitution for operating a Ponzi scheme. … Read more
SACRAMENTO, Calif. — U.S. District Judge John A. Mendez sentenced Paulette Carpoff, 51, of Martinez, to 11 years and three months in prison for her … Read more
SAN JOSE – Joey Stanton Dodson, who previously served as an executive at Citadel Energy Partners, pleaded guilty today to defrauding investors of more than … Read more
A California man who ran a $1.4 million Ponzi scheme from behind bars while serving time on another fraud conviction was sentenced Tuesday to eight … Read more
LONDON – The private equity industry has grown into a pyramid scheme that will create casualties in around three to five years, the chief investment … Read more
SACRAMENTO, Calif. — Alan Hansen, 51, of Vacaville, was sentenced today to eight years in prison and ordered to pay $619,415,950 million in restitution for … Read more
Richard G. Frohling, United States Attorney for the Eastern District of Wisconsin, announced that on May 4, 2022, Judge William C. Griesbach sentenced Robert Narvett (age: … Read more
Tampa, Florida –United States Attorney Roger B. Handberg announces that following a 13-day trial, a federal jury has found Michael J. DaCorta (57, Sarasota) guilty … Read more
CHARLOTTE, N.C. – The founders of a fake “hedge fund” appeared in court today and pleaded guilty to federal charges for orchestrating a $4 million … Read more
Damian Williams, United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Office of the … Read more
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly … Read more
SACRAMENTO, Calif. — Robert A. Karmann, 55, of Clayton, was sentenced today to six years in prison and ordered to pay $624 million in restitution … Read more
SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that John Law, age 43, of Rochester, New York, was … Read more
LOS ANGELES – The former CEO of a Valencia-based financial services company was sentenced today to 33 months in federal prison for helping to … Read more
Acting U.S. Attorney Michelle M. Baeppler announced that a federal jury returned guilty verdicts today against Defendant Raymond A. Erker, 50, of Avon, Ohio, following … Read more
NEWARK, N.J. – A North Carolina man was charged today for defrauding at least 25 people by operating a Ponzi scheme, U.S. Attorney Philip R. … Read more