Alex_Hope

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Alex_Hope
Entries posted by Alex_Hope

Dallas Investment Advisor Charged with Defrauding Her Church and Others

Delsa U. Thomas, a Dallas investment advisor, has been accused of defrauding scores of investors, including her own church, out of $2.3 million, in a fraudulent Ponzi scheme. Thomas, a former stockbroker affiliated with Morgan Stanley, was charged by the Securities and Exchange Commission (“SEC”) with fraudulently raising millions of dollars from scores of investors […]

A former bishop in the Church of Jesus Christ of Latter-Day Saints (“LDS”) was accused of defrauding members of his congregation or investors whom he met through his position in the LDS church.   Chad Bennett Reid, 57, of South Ogden, was criminally indicted for securities fraud and engaging in a pattern of unlawful activity. The […]

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Banks and investors found themselves the victims of fraud allegedly conducted by six South Florida individuals.  These six individuals are Eimy Rodriguez, Juan Luis Quevedo, Jesus Fernando Alvarez, Abdul Basit, Yolanda M.Hernandez and Abdul Rashid Patel.  The six are accused of conspiring together to cheat banks and individuals to the tune of around $6 million […]

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Ronnie Gene Wilson, a former County Councilman with Anderson County has been charged with conning investors to the tune of $70 million.  The complaint has been filed against him by the South Carolina securities commissioner.  Wilson managed to get people to believe that they were investing in silver but was doing no such thing, according […]

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Telson Okhio, president, Ohio Group Holdings Inc., has entered a guilty pleas for his role in wire fraud.  Okhio could be facing a maximum sentence of 20 years in prison.  Ohio Group Holdings and Okhio have been committing fraud in 2009 when Okhio impersonated an investment advisor. According to the charges filed against him, the […]

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George Tannous, a former IRS agent has been given a three year prison sentence for his part in an investment scheme that conned victims of more than $8 million.  Tannous entered a guilty plea in 2008 after his firm, Bidbay.com helped bilk money from investors.  His guilty plea is for 1 count of conspiracy and […]

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Patrick J. Belzner has been indicted for conspiring to commit wire fraud by a federal grand jury.  The Glen Arm, Maryland man has been indicted for his part in a $14 million investment fraud.  Belzner also used the name Patrick McCloskey.  He, along with this co- conspirator lured investors in with an assurance that their […]

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Robert Cassandro showed no discrimination when he defrauded his own relatives in a real estate Ponzi scheme, according to prosecutors.  Cassandro, a Long Island attorney, is accused of scamming $4.6 million from several investors including his own family.  He raised the money with an elaborately crafted real estate Ponzi scheme but used the money to […]

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CREVE COEUR, MO – Richard Saunders, who hails from Creve Coeur has been sentenced to 72 months in prison for his Ponzi scheme.  Saunders tried to evade the consequences of his actions by running away to Thailand but was brought back.  Ironically, Saunders was an IRS employee. He has entered guilty pleas to his role […]

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A San Clemente investment company was involved in a movie scam which saw 9 defendants being charged with fraud.  The case has now seen the entry of the last guilty plea from Robert Ramirez.  The case involved the defendants raising funds for movies which were not anywhere in the production pipeline. The US Department of […]

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