Investment Fraud — FBI
Investment fraud is an offer using false or fraudulent claims to solicit investments or loans, or providing for the purchase, use, or trade of forged or counterfeit securities.
Actived: 7 days ago
Autonomous Vehicles: How Will They Challenge Law
(6 days ago) In fact, many of the world’s carmakers plan to have fully autonomous vehicles (AVs) for sale by early next decade. 2 Prominent technology companies, such as Intel and Google, and transportation services, like Uber and Lyft, are investing billions of dollars in the trend toward AVs.
FBI — Stock Promoters Indicted for Conspiracy in Stock
(5 days ago) The superseding indictment alleges that the shares were subsequently sold to the general investing public by Weinbaum, Zigdon, Curshen, and Salazar, a Sentry Global stock trader, through Sentry Global’s stock trading floor. According to court documents, the defendants concealed from the investing public the actual financial condition and
FBI — Local Financial Advisor Sentenced to 10 Years in
(4 days ago) Instead of investing that money as promised, Vallett kept it in his company’s operating account and spent it on various personal and business expenses. In addition, in some cases, Vallett used a portion of the funds to repay older investors, giving them the false impression that the “returns” were from their investment.
FBI — Seventeen Members of a North Carolina Racketeering
(9 days ago) Rather than investing victims’ money as promised, the Enterprise diverted victims’ money to finance its mortgage fraud operations and to support its members’ lifestyles. For example, members of the Enterprise used the stolen money to purchase luxury vehicles, take lavish vacations, organize extravagant dinners and parties, and invest in
FBI — David H. Brooks, Founder and Former Chief Executive
(6 days ago) Brooks fancied himself a master of the sport of kings. In reality, he was a selfish man who looted his company, defrauded his investors, lied to the SEC and the investing public, and sought to profit through insider trading right before the collapse of his house of cards. And he demonstrated time and time again that he believes he is above the law.
FBI — Quadwealth Founder Guilty in Multi-Million-Dollar
(4 days ago) Quadwealth Founder Guilty in Multi-Million-Dollar Investment Fraud Scheme. U.S. Attorney’s Office October 13, 2011. Eastern District of Texas (409) 839-2538. PLANO, TX—A 41-year-old Dallas man has pleaded guilty for his role in a multi-million-dollar real estate fraud scheme in the Eastern District of Texas, announced U.S. Attorney John M
Improving Motivation and Productivity of Police Officers — LEB
(3 days ago) Enhancing the motivation and productivity of police officers is a difficult, yet achievable, objective. When administrators, supervisors, and officers are educated about the many ways this can be achieved, they consistently can work together for the common goal. Chief Fortenbery can be reached at [email protected]
FBI — Two Former Top Executives of the American Italian
(7 days ago) Webster and Schmidgall each waived their right to an indictment and pleaded guilty to separate felony informations on September 15, 2008, to their role in a conspiracy to fraudulently inflate the earnings AIPC reported to the SEC and the investing public in order to conceal the true financial condition of AIPC between May 2002 and December 2004.
FBI — Former Agape Employees Charged in Massive Ponzi
(2 days ago) Eastern District of New York (718) 254-7000. Earlier today, a 21-count superseding indictment was unsealed charging Bryan Arias, Anthony Ciccone, Diane Kaylor, Jason Keryc, and Shamika Luciano, former employees of Hauppauge-based Agape World Inc. (Agape) and Agape Merchant Advance (AMA), for their participation in a large-scale Ponzi scheme.
FBI — Utah Man Sentenced to Eight Years for Multi-Million
(9 days ago) As CEO, Plant engaged in a scheme to defraud the investing public in connection with the purchase and sale of CyberKey stock. Plant caused CyberKey to issue numerous materially false and misleading press releases claiming that the company had received a $24.5 million purchase order from the United States Department of Homeland Security (“DHS
FBI — Indictment Unsealed Today Regarding $11 Million
(6 days ago) The defendants directed salespersons to cold call potential investors from purchased lead lists and solicit investments using scripts touting the profitability of investing in PEP. Fronters would pass the names of those who were potentially interested to closers, who could conclude the sale.
IBG INVESTOR QUESTIONNAIRE
(3 days ago) 8) PRIOR TO INVESTING: What specifically were you told about IBG that caused you to invest in IBG, AND by whom (If more than one person influenced you to invest please explain what each individual said that influenced you to invest)? 9) If your IBG investment(s) was related to a capital raising campaign that was portrayed as having a specific
Increasing Terrorism Preparedness of Law Enforcement
(8 days ago) Organizational culture and challenges correlate to terrorism preparedness. 5 One mechanism to improve preparedness in law enforcement agencies is to enhance the culture of operational readiness. When leaders apply change through the organization’s culture, the likelihood of positive results increases. 6 Tangible, overt, or verbally identifiable elements in an …
FBI — $80 Million Ponzi Scheme
(2 days ago) It sounded like a smart idea: investing in automated teller machines (ATMs) located in high-traffic retail locations around the country. The investors would recoup their money, plus an incredible 20-24 percent return, through the fees charged to the ATM customers. Seemed like a …
FBI — Two Chicago-Area Defendants Charged with Commodities
(5 days ago) Instead of investing the funds as he purported, Russo misappropriated the money to make speculative trades—and regularly lost money—in various commodity futures, including energy sources, precious metals, agriculture products, foreign currencies, and stock indices. After providing one investor with false information about positive returns
FBI — U.S. Attorney Announces Regional Results of
(2 days ago) In U.S. v. Luis Felipe Perez, 10-20411-Cr-PCH, from 2006 through mid-2009, Perez solicited funds from approximately 35 individuals in exchange for promissory notes or oral loan agreements, falsely informing investors they would be investing in his New York jewelry businesses or pawn shops, and promising annual returns of 24 percent to 120
FBI — Former Commodities Broker Sentenced to Four Years in
(1 days ago) Instead of investing the funds as he purported, Russo misappropriated the money to make speculative trades—and regularly lost money—in various commodity futures, including energy sources, precious metals, agriculture products, foreign currencies, and stock indices. After providing one investor with false information about positive returns
FBI — Two Arizonans and Two Others Indicted for Investment
(4 days ago) The indictment alleges that the defendants deceived victims into believing they were investing their money in a cashless ATM business opportunity promoted by the defendants through MAC. Livanos was arrested without incident today in Fraser, Colorado and will make an appearance there today in federal court. Gonzalez and Hoberg received summonses
FBI — Bremen Man Sentenced for Investment Scheme
(4 days ago) Rather than investing the money they entrusted to him, as he had promised, he used it to buy luxury goods and land. This case should serve as a warning to potential investors: don’t believe promises that are too good to be true. And to the con artists out there like this defendant: one day, when the house of cards you are building on a
Building a Successful Officer Wellness Program — LEB
(3 days ago) By investing in officer wellness, law enforcement agencies can improve trust and community relations. 8 Evidence shows the individual actions of police officers have the greatest impact on a community’s perception of police legitimacy. 9 SPD’s officer wellness goals connect with its emphasis on procedural justice and police legitimacy, or