Ponzi scheme
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 […]
The defunct legal powerhouse Dewey & LeBoeuf was a Ponzi scheme, according to a former senior partner of that law firm. Henry Bunsow, Dewey’s former IP partner, filed a lawsuit against the firm, accusing it of fraud. The lawsuit casts a light upon the notoriously secretive world of elite global law firms and their compensation […]
Continue reading …Florida Man Who Ran A $14.8 Million Real Estate Ponzi Scheme To Plead Guilty April 5
March 21, 2012 No Comment
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 […]
Continue reading …Orlando Man Gets Seven Years In Jail For Bilking Elderly Victims Of $789,000
March 21, 2012 No CommentAsheville, 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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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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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 […]
Continue reading …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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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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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 […]
Continue reading …Previously Convicted Hamilton Man Repeats Similar Investment Fraud of Nearly $2 Million
March 13, 2012 No Comment
Hamilton, MT – Dan Two Feathers, 56, a resident of Hamilton, pleaded guilty to charges of investment fraud, money laundering, conspiracy to commit investment fraud and using stolen property in interstate commerce, in federal court in Missoula. Two Feathers and two other men stand accused of causing a loss of about $800,000 to 11 investors […]
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