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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 […]
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 […]
Continue reading …Officials of Chinese Company Traded in the United States Charged with Siphoning Funds, Defrauding Investors
March 12, 2012 No Comment
Ming Zhao, Chairman of Puda Coal, Inc. and Liping Zhu, its former CEO, were charged by the Securities and Exchange Commission with securities fraud for the theft of the company’s primary operating asset – its subsidiary, Shanxi Puda Coal Group Co. Ltd. According to the SEC complaint, Puda held an indirect 90 percent stake in […]
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CEDAR RAPIDS – On February 22, 2012, Donald K Washburn of Linn County was convicted by a federal court in Cedar Rapids of wire fraud, money laundering and for making false statements to the United States Probation Office while on supervised release for a previous conviction on charges of fraud. The convictions came after a […]
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LAS VEGAS – On February 21, 2012, the Securities and Exchange Commission announced that it had charged Steven L. Hamilton and his companies Covenant Capital Partners, Verde FX Nevada LLC and Verde Retirement LLC with running a series of illegal Ponzi schemes that cheated 23 or more investors out of $1.6 million. According to the […]
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CEDAR RAPIDS, IA – Iowa-based Jeffrey J. Kinseth, and his company, Virtual Vision Inc. were ordered by the U.S. Commodity Futures Trading Commission (CFTC) to pay a civil monetary penalty of $575,000 and restitution of $574,936 for illegally soliciting participants in a pooled investment vehicle, misappropriation of their funds and issuing bogus statements to cover […]
Continue reading …ORMOND BEACH, FL – Tomas Loebel, 57, once owned Daytona Plastix Inc. but today he is in the news for his Ponzi scheme which helped him cheat his own friends of more than $1 million. He was sentenced to 15 years in prison for his scam. Loebel, a businessman from Ormond Beach pleaded no contest […]
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