Saul_Griffith

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Saul_Griffith
Entries posted by Saul_Griffith

Marin County Investment Advisor Accused By SEC Of $4.5 Million Fraud

James Michael Murray, 42, of Larkspur, Marin County, stands charged by the SEC of using a false audit report to raise more than $4.5 million for investing in a hedge fund stated to invest in domestic equities. In its lawsuit in a U.S. District Court, the SEC has accused Murray of inducing investors to invest […]

Youngstown, FLA – Lakeland-based David L Olson, founder of A&O Companies, a company that defrauded 100 victims in nine states in a $14.8 million Ponzi scam, will plead guilty April 5 before Hon. Benita Y Pearson, Northern District Judge, according to court records. According to the indictment, Olson founded and was president of the A&O […]

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Asheville, NC – United States District Judge Martin Reidinger sentenced Orlando-based Terry Scott Hyder, 51, to federal imprisonment of seven years after Hyder pled guilty to charges of wire fraud, according to a joint announcement by U.S. Attorney Anne M Tompkins and  Special Agent in Charge of the FBI, Chris Briese.  The defendant was also […]

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Monaca Road, PA – Senior U.S. District Judge Maurice B. Cohill convicted John D Wosotowsky, 51, of Monaca Road, for mail fraud and filing false income tax returns. According to United States Attorney David J Hickton, Wosotowsky was sentenced to 97 months imprisonment and restitution of  $2,293,045.66. Wosotowsky worked for Metlife Securities in the capacity […]

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Trusteer, a provider of secure web access services based in Boston, has just reported the discovery of two methods by which criminals gain access to a victim’s banking one-time-password (OTP) by physically hijacking his mobile SIM card. These new methods are a step-up on the previous method in which fraudsters would acquire a victim’s OTP […]

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On May 5, 2008, the U.S. Securities and Exchange had filed an emergency criminal action before the United States District Court of Eastern District of Michigan, and succeeded in obtaining orders to freeze the assets of George McKnight and several companies controlled by him. According to the SEC complaint, McKnight raised about $72 million from […]

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Acting on a complaint by the Federal Trade Commission (FTC), the U.S. District Court for the Central District of California, Western Division, has issued orders to permanently halt marketing of BurnLounge, a misleading pyramid scheme that lured into its fold 56,000 consumers across the country.  The court ordered the promoters and operators of BurnLounge to […]

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A Grand Haven Township woman, Lillian VanDenBerg, 83, fell victim to a $9 million Ponzi scheme operated by Jeffrey Ripley of Sparta and Danny Lee VanLiere of Grand Rapids, according to the state Attorney General’s Office.  VanDenBerg was one of at least 140 elderly West Michigan residents targeted by the duo. Ripley and VanLiere are […]

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Clarks Summit, PA – Frank L Pavlico III, 42, accused of bilking at least 13 victims out of approximately $2.1 million, has applied to the judge handling his case for more time to find a lawyer.  As his assets have been frozen by the court, Pavlico said in his request to District Judge Rosemary M […]

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Cleveland, OH – Monroe L. Beachy, of Sugarcreek near Columbus, an Amish man charged with defrauding other Amish of nearly $16.8 million, plead guilty of fraud.  Beachy, aged 77 years, owner of Sugarcreek-based A&M Investments, has been indicted for falsely promising to make safe investments of about $16.8 million on behalf of nearly 2,700 persons […]

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