Justice.gov

Department of Justice FY 2021 Budget Request OPA

The FY 2021 budget continues its commitment to state, local and tribal law enforcement by investing approximately $4.3 billion in discretionary and mandatory funding in programs to assist them. Funding has been prioritized to meet the most pressing law enforcement concerns – violent crime and opioid abuse – and to help the victims of crime.

Actived: 4 days ago

URL: https://www.justice.gov/opa/pr/department-justice-fy-2021-budget-request-0

Man Pleads Guilty to Million Dollar Investment Fraud

(3 days ago) “In the midst of a jury trial, the defendant admitted that he deceived victims into believing they were investing more than $1.2 million in a high-end fabric design business, when in reality, he fraudulently used their money to fund personal expenses,” said Raj Parekh, Acting U.S. Attorney for the Eastern District of Virginia.

Category:  Invest,  Business Go Now

Financial Advisor Sentenced to More Than 13 Years in

(Just Now) CHICAGO — A financial advisor who told clients they were guaranteed to make money by investing with him has been sentenced to more than 13 years in federal prison for defrauding those clients out of $5.1 million.

Category:  Invest Go Now

Westport Man Sentenced to Prison for Defrauding Investors

(3 days ago) The Signal Lake entities were venture capital vehicles investing in various technology companies. Stuck solicited investments for the Signal Lake entities. In 2015 and 2016, Stuck committed fraud by, among other things, misrepresenting the financial health and prospects of the Signal Lake entities and their investments in order to enrich himself.

Category:  Invest Go Now

Brooklyn Lawyer Pleads Guilty to Defrauding Real Estate

(9 days ago) Earlier today, in federal court in Brooklyn, Shimon Rosenfeld, an attorney licensed to practice in New York, pleaded guilty to defrauding investors of at least $6 million by falsely claiming he was using the money to invest in real estate opportunities.

Category:  Invest,  Real estate Go Now

Day Trading Broker Steals More Than $6 Million From

(3 days ago) This case serves as a reminder to ask questions and conduct your own due diligence before investing your hard earned money with any broker or investment fund.” The defendant is scheduled to be sentenced by U.S. District Judge John A. Houston on August 24, 2015 at 8:30 a.m.

Category:  Invest Go Now

Second Managing Partner Of Investment Advisory Firm Pleads

(2 days ago) IIG’s principal investment advisory strategy, including with respect to the IIG Funds, was investing in trade finance loans that it also originated. Trade finance loans are used by small and medium-sized companies, typically exporters and importers, to facilitate international trade. IIG’s purported expertise was in trade finance loans to

Category:  Invest,  Finance Go Now

Financial Advisor Indicted on Fraud Charges for Allegedly

(2 days ago) Instead of investing his clients’ money, Davis spent the money for his own personal benefit, including $706,000 on credit card payments, $476,500 to rent a mansion in Los Angeles, $102,000 on airline tickets, $45,000 on car rentals, $42,500 on membership in an exclusive club, $42,000 on luxury hotels, and $25,000 on theater tickets, the

Category:  Invest,  Hotels Go Now

Former Insurance Broker Pleads Guilty To Defrauding

(Just Now) Rather than investing such funds on behalf of his clients, Bartz used them for himself, by gambling with them or paying back prior investors. To prevent victims from inquiring about their investments, Bartz issued fake account statements. The victims included a widow who “invested” a $332,500 payout from her deceased husband’s life

Category:  Invest Go Now

Long-Time Redmond, Washington Investment Advisor Pleads

(4 days ago) A long-time investment advisor in Redmond, Washington pleaded guilty today in U.S. District Court in Seattle to defrauding some 15 investors of more than $3 million, announced U.S. Attorney Brian T. Moran.

Category:  Invest Go Now

Jackson County Man Charged with Defrauding Investors in

(8 days ago) Adkins also laundered his ill-gotten proceeds for at least five years, inlcuding by investing in front businesses created by co-conspirators. Adkins bought cars, vacations and property with the funds from the scheme. For example, he paid for the construction of a pool at his personal residence and also paid more than $20,000 to lease a private jet.

Category:  Invest,  Business Go Now

Former Chief Executive Officer Of Publicly Traded Brand

(6 days ago) Through the scheme, COLE and Horowitz caused Iconix to report fraudulently inflated revenue and EPS figures to the investing public. COLE and Horowitz did so, in part, to ensure that the reported figures met analyst consensus and to fraudulently convey the impression to the investing public that Iconix was growing quarter after quarter, as COLE

Category:  Invest Go Now

Former Chief Financial Officer at Publicly Traded

(Just Now) The former chief financial officer (CFO) of Roadrunner Transportation Systems Inc. (Roadrunner), a publicly traded transportation and trucking company formerly headquartered in Cudahy, Wisconsin, was charged in a superseding indictment unsealed today for his alleged role in a complex securities and accounting fraud scheme that resulted in a loss of more than $245 million in …

Category:  Investing Go Now

Royal Bank of Scotland Agrees to Pay $4.9 Billion for

(4 days ago) The Justice Department announced today a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS) resolving federal civil claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between 2005 and 2008. The penalty is the largest imposed by the Justice Department for financial crisis-era misconduct at a single entity …

Category:  Invest,  Bank Go Now

Former National Century Financial Enterprises CEO

(5 days ago) Evidence showed that Poulsen and Parrett knew the business model NCFE presented to the investing public differed significantly from the way NCFE actually conducted business. Four other NCFE executives have been convicted in connection with the fraud. Donald H. Ayers, an NCFE vice chairman, chief operating officer, director and an owner of the

Category:  Invest,  Business Go Now

Two Indicted for $2 Million Scheme that Defrauded Over 20

(8 days ago) Two Indicted for $2 Million Scheme that Defrauded Over 20 Investors. An indictment charging a District of Columbia man and Connecticut woman with perpetrating an advance fee and investment fraud scheme that defrauded more than 20 victims of more than $2 million was unsealed today in the District of Columbia. According to court documents, Paul

Category:  Invest Go Now

Former Financial Advisor Sentenced To 20 Years

(9 days ago) In order to entice individuals to invest, Bennett made false and misleading statements, including: the risks of investing in DJB Holdings; how investors’ funds would be used; and that the loans were liquid and guaranteed by DJB Holdings’ inventory and assets, and by Bennett herself.

Category:  Invest Go Now

Former COO and CFO of Publicly Traded Transportation

(4 days ago) The former chief operating officer (COO) and chief financial officer (CFO) of Celadon Group Inc. (Celadon), a publicly traded transportation and trucking company headquartered in Indianapolis, Indiana, were charged in an indictment unsealed today for their alleged role in a complex securities and accounting fraud scheme that resulted in a loss of more than $60 million in shareholder …

Category:  Investing Go Now

Sham Trader Who Urged Investors to ‘Profit Off’ Pandemic

(Just Now) Instead of investing their money, however, Mr. Ramos misdirected investors’ funds to his own personal use and to enrich others. An indictment is merely an allegation of criminal conduct, not evidence. Like all defendants, Mr. Ramos is presumed innocent unless …

Category:  Invest Go Now

Managing Partner Of Investment Advisory Firm Charged For

(2 days ago) IIG’s principal investment advisory strategy, including with respect to the IIG Funds, was investing in trade finance loans that it also originated. Trade finance loans are used by small and medium-sized companies, typically exporters and importers, to facilitate international trade. IIG’s purported expertise was in trade finance loans to

Category:  Invest,  Finance Go Now

Founder Of $90 Million Cryptocurrency Hedge Fund Charged

(4 days ago) Rather than investing the fund’s assets in a cryptocurrency arbitrage trading strategy as advertised, QIN embezzled investor capital from Virgil Sigma and used the funds for purposes other than the purported arbitrage trading strategy, including: (a) using a substantial portion of investor capital stolen from Virgil Sigma to pay for personal

Category:  Trading,  Invest Go Now

Swiss Asset Management Firm And Its Owner Charged In

(4 days ago) The scheme participants concealed from the investing public that these promotional materials were financed and created at the direction of those who beneficially owned and controlled substantially all of the shares of the relevant company that was the subject of the promotion.

Category:  Invest,  Finance Go Now

Two Indicted for $2 Million Scheme That Defrauded Over 20

(2 days ago) As alleged in the indictment, Maucha and Shapiro enriched themselves by falsely promising to provide victims with financing, surety bonds, and investing opportunities through AESG and AESG related entities in exchange for advance fees.

Category:  Invest Go Now

Developer Sentenced to 4 Years in Prison for Defrauding

(Just Now) A Bellevue developer who fraudulently obtained over $235 million dollars during his real estate investment scheme, including over $140 million from immigrant investors, was sentenced today in U.S. District Court in Seattle to four years in prison, announced U.S. Attorney Annette L. Hayes.

Category:  Invest,  Real estate Go Now

Ex-Financial Advisor with History of Professional

(1 days ago) Instead of properly investing his clients’ money, Mata allegedly used Secured Capital investor funds to pay his personal expenses, including a $197,000 down payment on his personal residence, loans to himself and to other entities he created, and $370,000 that was transferred into his personal bank accounts.

Category:  Invest,  Bank Go Now

Rhode Island Man Allegedly Swindled Victims Who Thought

(2 days ago) Rhode Island Man Allegedly Swindled Victims Who Thought They Were Investing in Las Vegas Show Based on 'Magic Mike' Films LOS ANGELES – A Rhode Island man was arrested this morning on federal charges alleging that he defrauded investors out of more than $4.2 million in connection with “Magic Mike Live,” a stage show at the Hard Rock Hotel and Casino in Las Vegas …

Category:  Invest Go Now

Former Chief Executive Officer And Chief Financial Officer

(9 days ago) The investing public depends on the veracity of information released by publicly traded companies and the U.S. Postal Inspection Service is devoted in …

Category:  Invest Go Now

Department of Justice's COPS Office Invests More Than $536

(4 days ago) The Department of Justice’s Office of Community Oriented Policing Services (COPS Office) awarded more than $536.7 million in Fiscal Year 2020 to increase law enforcement hiring and to improve school safety, combat opioids and methamphetamine, advance community policing efforts, provide training to the law enforcement field, and protect the health of our nation’s officers and deputies.

Category:  Investing Go Now

Law Enforcement Investigation of Financial Exploitation

(5 days ago) Wrongfully obtain, Exert unauthorized or improper control over, By color and aid of deception, The property of another. Grandma Mary had a stroke and went into a skilled nursing facility.

Category:  Investing Go Now

Former Financial Advisor Sentenced to 78 Months in Prison

(4 days ago) Rivera told investors that by investing in Robbins Lane, senior investors would share in the company’s investment portfolio by lending it money to invest in real estate. Rivera further promised investors that they would receive a guaranteed monthly income, and that the company’s rate of return was based on secure real estate investments in

Category:  Invest,  Real estate Go Now

Pella Man Accused of Defrauding Investors USAO-SDIA

(5 days ago) From at least May 2013 and continuing through at least January 2019, Blankespoor represented to investors they had an opportunity to make money by investing in the medically-oriented gym concept. At least 150 investors provided Blankespoor with approximately $15 million in …

Category:  Invest Go Now

Celadon Group, Inc. Enters into Corporate Resolution for

(Just Now) “Celadon executives misled the investing public for a simple reason: profit,” said Assistant Attorney General Benczkowski. “Securities fraud harms all investors — from the most sophisticated to those everyday Americans saving for retirement, and the Criminal Division remains committed to investigating and prosecuting these complex

Category:  Invest,  Saving Go Now

Head Of Financial Services Firm Charged In Manhattan

(1 days ago) Among other illicit activity, ZABALA fraudulently induced at least 18 investors to invest at least approximately $4.4 million based on false and misleading statements, by failing to use investors’ funds as promised, including to build Holdings’ purported business by investing in and buying other financial services companies, and by

Category:  Invest,  Business Go Now

Founder of Local Technology Company Charged With

(5 days ago) Instead of investing the funds in the business, the indictment alleges that Ngo converted investor funds to his own personal use and benefit by spending the money on a home, luxury cars and gambling. As a result of his investment fraud, it is alleged that Ngo induced investors to part with more than $60 million, and ultimately caused millions

Category:  Invest,  Business Go Now

Long Island Man Sentenced In Manhattan Federal Court To

(4 days ago) Instead of investing the $1.2 million in real estate, however, OTHMAN used Victim-1’s money to pay for NAOK’s operating expenses, to repay other individuals who had invested with NAOK, and to pay for OTHMAN’s personal expenses, including dining, clothing, and travel expenses. Victim-1 lost her entire $1.2 million investment.

Category:  Invest,  Real estate Go Now

Federal Grand Jury Charges Founder of Online Live

(2 days ago) A former Southern California resident was charged today with defrauding more than 100 investors out of $14 million by using boiler room tactics to fraudulently offer a “pre-IPO” investing opportunity in his online streaming and entertainment company, then using much of the funds to support his lavish lifestyle.

Category:  Invest Go Now

Vice President Of Investment Firm Arrested For Running

(7 days ago) Investors were allegedly duped into investing large amounts of money for investment and real estate projects that did not exist. Instead of investing the money and delivering returns, Ismail allegedly engaged in a Ponzi s scheme to fund his own lavish lifestyle.

Category:  Invest,  Real estate Go Now

Seven Defendants Charged In Manhattan Federal Court With

(2 days ago) Instead of investing the proceeds in a way that would provide capital for development and help cover the interest payments, the defendants allegedly pocketed most of it to pay for their own personal expenses, homes, cars, travel, and jewelry. The …

Category:  Invest Go Now

Former Belmont Resident Sentenced for $6 Million

(2 days ago) However, instead of investing the money, Cranney spent his victims’ savings and retirement on his own bills and debts to fund his declining health and nutrition products distributorship. To carry out his scheme, Cranney created shell companies that he named specifically to sound like investment funds.

Category:  Invest,  Saving Go Now

Santa Monica Man Sentenced to 8 Years in Prison for

(Just Now) Santa Monica Man Sentenced to 8 Years in Prison for Conning Four Women He Dated into Investing in His Sham Companies LOS ANGELES – A Santa Monica man was sentenced today to 96 months in federal prison for deceiving women he met online and elsewhere into investing hundreds of thousands of dollars into his sham companies, and then spending their money on himself.

Category:  Invest Go Now

Maryland Fraudsters Facing Federal Indictment for

(9 days ago) Over the course of the conspiracy, the indictment alleges that the defendants persuaded or attempted to persuade investors to provide them with wire transfers, checks, and cash totaling more than $28 million, from numerous victims, under the fraudulent pretense of investing in the foreign exchange and cryptocurrency markets.

Category:  Invest Go Now

Texas Attorney Convicted for Role in Pump-and-dump Stock

(1 days ago) A securities attorney was convicted today by a federal jury in Alexandria, Va., for participating in multi-million dollar pump-and-dump stock manipulation schemes, Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney Neil H. MacBride of the Eastern District of Virginia announced. Phillip Windom Offill Jr., 51, of Dallas, was indicted on March 12, 2009, …

Category:  Investing Go Now

Tennessee Man Sentenced To 4 Years In Prison For

(7 days ago) U.S. Attorney Geoffrey Berman said: “For years, Joel Margulies took advantage of individuals who thought they were investing in start-up companies, when in fact Margulies and his co-conspirators diverted for their own personal benefit the more than $2.9 million they had raised. Margulies perpetuated lies about the products that companies were

Category:  Invest Go Now

Former CEO of Publicly Traded Company Sentenced to 15

(Just Now) Earlier today, in federal court in Brooklyn, Dennis Mancino, the former Chief Executive Officer of HD View 360, Inc., a publicly traded penny stock company that purported to distribute and install security surveillance systems, was sentenced by United States District Judge Kiyo A. Matsumoto to 15 months’ imprisonment for conspiracy to commit securities fraud. Mancino’s conviction stemmed

Category:  Investing Go Now

Robbins Pleads Guilty To Securities Fraud, Money

(Just Now) Fraudsters are master manipulators and have high rates of recidivism. The FBI and our partners will continue to go after those who steal people’s hard-earned money. Public education and awareness is key. When looking to invest, we urge the public to do their due diligence before investing.

Category:  Invest Go Now

Former Chief Executive Officer And Chief Operating Officer

(1 days ago) The investing public relied on Petit and Taylor’s misrepresentations. Investors should not have any doubts or concerns with information distributed by a publicly traded company. The U.S. Postal Inspection Service will not tolerate this criminal behavior and will seek out and bring to justice anyone who breaks the system of laws designed to

Category:  Invest Go Now

Pella Man Sentenced to Prison for Multi-Million Dollar

(7 days ago) For more than four years, Blankespoor represented to investors they had an opportunity to make money by investing in the medically-oriented gym concept. At least 100 investors provided Blankespoor with approximately $15 million in investment funds. Blankespoor admitted he used the investors’ money for unauthorized purposes that were not for

Category:  Invest Go Now

Financial Advisor Pleads Guilty to Fraud Charges USAO

(2 days ago) Financial Advisor Pleads Guilty to Fraud Charges. Memphis, TN – Stephen Douglas Fry, 72, a Memphis-area financial advisor, pled guilty to a three-count information charging him with mail and wire fraud and interstate transportation of monies taken by fraud, U.S. Attorney D. Michael Dunavant for the Western District of Tennessee announced today.

Category:  Investing Go Now

Justice Department Requires TransDigm Group to Divest

(Just Now) The complaint alleges that prior to the acquisition, SCHROTH was a growing competitive threat to AmSafe that was challenging AmSafe on price and investing heavily in the research and development of new restraint technologies.

Category:  Invest Go Now

Related topics