English: Mug shot of Charles Ponzi (March 3, 1882 – January 18, 1949). Charles Ponzi was born in Italy and became known as a swindler for his money scheme. His aliases include Charles Ponei, Charles P. Bianchi, Carl and Carlo. Italiano: Foto segnaletica di Charles Ponzi. Charles Ponzi (Lugo, 3 marzo 1882 – Rio de Janeiro, 18 gennaio 1949) Ã¨ stato un truffatore italiano. ImmigrÃ² negli Stati Uniti, dove divenne uno dei piÃ¹ grandi truffatori della storia americana. (Photo credit: Wikipedia)
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Staten Island Mand Sentenced To 24 Years In Prison For Fraud (SI Live) - All his last-minute pleas and professions of innocence couldn't keep Peter Liounis out of prison. The Staten Island resident, who was convicted of swindling millions of dollars from investors, was sentenced Friday in Brooklyn federal court to 24 and a third years in prison.
Fmr Qualcomm Exec Cops To Insider Trading Charges (Reuters) - A former Qualcomm Inc sales director has pleaded guilty to insider trading in Atheros Communications Inc after learning that his company planned to buy the rival chipmaker in 2011. Robert Herman, 52, entered his plea on Thursday in the U.S. District Court in San Diego, U.S. Attorney Laura Duffy said.
Ex-Hanover CEO Sentenced To 14 Years For Ponzi Scheme (FCPA Blog) - The former chief executive officer of now defunct Hanover Corporation was sentenced this month to 14 years in prison. Terry Kretz, 61, of Gallatin, TN was also ordered to pay $14.8 million in restitution for orchestrating an $18 million Ponzi scheme.
Disbarred NY Attorney Indicted In Real Estate Investment Scheme (FBI) - Two men were indicted by a federal grand jury today for allegedly using a real estate investment scheme to defraud 15 victims of more than $3 million, U.S. Attorney Paul J. Fishman announced. Paul Mancuso, 46, of Glen Rock, New Jersey, is charged by indictment with one count of conspiracy to commit wire fraud and five counts of wire fraud. Pasquale Stiso, 52, of West Harrison, New York, is charged by indictment with one count of conspiracy to commit wire fraud and one count of wire fraud.
The former chief executive officer of now defunct Hanover Corporation was sentenced this month to 14 years in prison.
Terry Kretz, 61, of Gallatin, Tennessee, was also ordered to pay $14.8 million in restitution for orchestrating an $18 million Ponzi scheme.
Arizona Whistleblower Gets $6 million Award (Whistleblower Today) - A Tucson health-care network has agreed to settle Medicare fraud allegations by paying $35 million, with the whistleblower who exposed the case will receive nearly $6 million. The Carondelet Health Network runs Tucson’s St. Mary’s and St. Joseph’s hospitals. It didn’t admit to wrongdoing but agreed to the payout to end a civil complaint from the Department of Justice and a Tucson woman named Jacqueline Bloink, the Arizona Republican said.
Feds Charge Lawyer For Coaching Witness To Lie On Stand (Pantagraph) - A high-profile defense attorney in Chicago has been indicted on federal charges for allegedly encouraging a witness to lie on the stand on behalf of the lawyer's purported drug-dealer client. According to an indictment announced Thursday, 36-year-old Beau B. Brindley faces multiple counts of perjury, one count of obstruction of justice and one of conspiracy to obstruct justice.
Five Charged With Fraud In Wilkes-Barre, PA City Fed Credit Union Probe (PA Home) - The United States Attorneys Office for the Middle District of Pennsylvania announced that a Grand Jury in Scranton returned indictments Tuesday charging five members of the Wilkes-Barre City Employees Federal Credit Union with conspiracy and bank fraud. The indictments were sealed pending the arrests and/or voluntary surrender of the defendants today.
Iowa Couple Sentenced For Social Security Fraud (KCRG) - An Iowa couple has been sentenced for improperly collecting nearly $50,000 in disability benefits. U.S. Attorney Nicholas Klinefeldt’s office says 45-year-old Robert Alexander and 38-year-old Maureen Alexander were both sentenced last week.
Man Indicted For Pointing Laser At Aircraft (Dallas News) - Four days before he turns 24, Steven Alexander Chavez Jr. was scooped up by federal authorities in Lubbock and charged with one count of aiming a laser pointer at an aircraft — in this case, a Texas Department of Public Safety helicopter. He was arrested today, three days after he was indicted by a federal grand jury in Dallas.
How A Man Built A Multi-Million Dollar Business After Prison (Forbes) - Frederick Hutson is a man who sees business opportunities in everything. By his own admission, this doesn’t always work out for the best. Hutson spent over four years in prison after getting busted for an opportunity he saw in drug trafficking, a huge market, and one that was as he saw it, ripe for disruption. Police busted him at his Vegas mail store, where he’d been reducing inefficiencies by rerouting marijuana through his Florida business via FedEx, UPS and DHL. Now he started a fantastic new business ... shout out to man in green!