Investment fraud
Assets of Business Co-Owned by Texas Tech Coach Tuberville Frozen by Regulators
March 15, 2012 No Comment
Based on a civil complaint filed by the U.S. Commodity Futures Trading Commission (CFTC), U.S. District Judge Myron H. Thompson froze the assets and properties of investment companies owned by Auburn businessman John David Stroud and Texas Tech head football coach Tommy Tuberville, until a hearing in the Montgomery U.S. District Court on April 3. […]
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Dayton, OH – Ohio’s Division of Securities obtained an agreed preliminary and permanent injunction against Wayne T Essex and his group of companies, viz. Essex HR & Associates, Inc. of Beavercreek, HR Reconciliation, LLC and Essex and Associates, Inc., both of Dayton, according to a civil case update issued by the Ohio Department of Commerce […]
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Houston, TX – Woodlands-based Kenneth Alfred Scudder was sentenced to 53 months in federal prison for running a Ponzi real estate scheme, according to the U.S. Attorney’s Office in Houston. The scheme conned more than $5 million out of 30 individuals, many of whom were present at the Monday, March 12 sentencing. Five of Scudder’s […]
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Holmdel, NJ – A federal judge sentenced Holmdel-based Robert J Sucarto to imprisonment of 11 years at his sentencing hearing on March 9. Sucarto would spend 132 months in federal prison, spend another three years under supervised release thereafter and must pay restitution of $1,165,280.04. A year ago, 42 year old Sucarto had pleaded guilty […]
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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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Henrico County, VA – US District Judge Henry E. Hudson ordered Edward Thomas Menster, 58 to serve almost five years in prison for perpetrating an investment scam. Menster, from Henrico County showed no sympathy for his victims who included parents and senior citizens who have retired from public life. In his scheme, he managed to […]
Continue reading …A Tale Of Epic Movie Proportions Comes To An End With The Last Guilty Plea
March 13, 2012 No Comment
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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The Ohio Department of Commerce has brought charges of securities fraud against Wayne T.Essex and his three companies – HR Reconciliation LLC, Essex HR & Associates Inc. and Essex and Associates Inc. The complaint also has resulted in Essex and his companies being barred from selling (in any form) securities and interacting with investors. They […]
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Chicago, IL – The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against a Chicago man, Christopher Varlesi, for operating a fraudulent commodity pool that traded commodity futures and foreign currency contracts. Other charges leveled by the CFTC were misrepresentations to investors, not registering as a commodity pool operator and misappropriating investors’ funds. The […]
Continue reading …Fort Collins, CO – Phillip Trujillo, 62, of Fort Collins, was sentenced by a Larimer County Judge to 12 years in prison for perpetrating an investment fraud of $5.7 million on 70 investors. In January, a Larimer County jury had convicted Trujillo on five counts of securities fraud and one count of theft. During the […]
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