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 fee Ponzi scheme and obstructing…
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 fee Ponzi scheme and obstructing…
LOS ANGELES – A Santa Barbara man was sentenced today to 133 months in federal prison for stealing approximately $14 million from victims who thought their investments would be…
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 – Richard Lee Ramirez is charged…
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 investments (soon-to-be paid, lawyer-negotiated insurance…
SAN JUAN, Puerto Rico – Carlos Maldonado, owner of Business Planning Resources International Corporation (BPRIC), Glorimar Fashions and Tailoring, LLC, Global Business Insurance Agency Inc., and associated under the incorporation…
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 Ponzi scheme that defrauded 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 scheme to defraud investors, including…
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 prison, or 262 months, following…
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. According to court documents, Marco…
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 role in the biggest criminal…
SAN JOSE – Joey Stanton Dodson, who previously served as an executive at Citadel Energy Partners, pleaded guilty today to defrauding investors of more than $15 million. Dodson admitted the…
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 additional years in federal prison,…
LONDON – The private equity industry has grown into a pyramid scheme that will create casualties in around three to five years, the chief investment officer of Europe’s biggest asset…
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 participating in a billion-dollar Ponzi…
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: 57), of Appleton, Wisconsin to…
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 of conspiracy to commit wire…
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 Ponzi scheme, announced Dena J.…
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 Federal Bureau of Investigation (FBI),…
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 behind a nearly $450 million…
SACRAMENTO, Calif. — Robert A. Karmann, 55, of Clayton, was sentenced today to six years in prison and ordered to pay $624 million in restitution for participating in a billion-dollar…
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 sentenced to 10 years’ imprisonment…
LOS ANGELES – The former CEO of a Valencia-based financial services company was sentenced today to 33 months in federal prison for helping to run a Ponzi scheme that…
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 a seven-day trial before U.S.…
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. Sellinger announced. David Schamens, 64,…