Outline of case against Petters includes e-mail expressing anguish over Ponzi schemeOctober 15th, 2009 Government cites Petters' e-mail of shameMINNEAPOLIS — A preview of the government's case against Minnesota businessman Tom Petters includes an e-mail he wrote to an associate expressing shame over his alleged Ponzi scheme. Prosecutors cited the e-mail in documents filed Wednesday in federal court in preparation for Petters' trial scheduled to begin Oct.
Judge to rule whether NY man accused of orchestrating $413M Ponzi scheme should remain freeOctober 9th, 2009 Judge to rule on bail for NY man accused of fraudCENTRAL ISLIP, N.Y. — A federal judge is expected to decide Friday whether a New York businessman accused of orchestrating a $413 million Ponzi scheme will be permitted to remain free on bail.
Judge considers revoking bail for NY businessman accused of orchestrating $413M Ponzi schemeOctober 8th, 2009 Judge reconsiders bail for NY man accused of fraudCENTRAL ISLIP, N.Y. — A federal judge is considering a request by prosecutors to revoke bail for a New York businessman accused of orchestrating a $413 million Ponzi scheme.
Guilty plea entered by NY businessman accused of funneling money to terrorist training campSeptember 30th, 2009 NY terror case defendant pleads guiltyNEW YORK — A New York businessman accused of trying to funnel money to a terrorist training camp in Afghanistan pleaded guilty Tuesday to charges of terrorism financing and conspiracy to commit wire fraud. Abdul Tawala Ibn Ali Alishtari entered his plea before a federal judge in Manhattan.
NY prosecutors suspect adoption Ponzi scheme that promised babies but didn't deliverSeptember 30th, 2009 NY prosecutors suspect 'adoption Ponzi scheme'GARDEN CITY, N.Y. — New York prosecutors are investigating a possible "adoption Ponzi scheme" in which clients were defrauded out of fees for babies who didn't exist.
NY businessman accused of bid to fund Afghan training camp pleads guilty to terror financingSeptember 30th, 2009 NY businessman pleads guilty to terror financingNEW YORK — A New York businessman accused of trying to funnel money to a terrorist training camp in Afghanistan pleaded guilty Tuesday to charges of terrorism financing and conspiracy to commit wire fraud. Abdul Tawala Ibn Ali Alishtari entered his plea before a federal judge in Manhattan.
Feds: 2 men charged in New York with $80 million ATM Ponzi schemeSeptember 21st, 2009 2 men charged in NY with $80 million Ponzi schemeNEW YORK — Two men are charged in New York with an $80 million Ponzi scheme involving an automated teller machine business, federal authorities said Monday. Vance Moore II, 55, of Raleigh, N.C., was arrested Friday in Garner, N.C., and was scheduled for an initial court appearance Monday in the Eastern District of North Carolina.
NY woman pleads guilty to participating in $2.1M identity theft ring involving Bernanke's wifeSeptember 3rd, 2009 4th person pleads guilty in national ID theft ringALEXANDRIA, Va. — A fourth person has pleaded guilty in a $2.1 million identity theft ring in which Federal Reserve Chairman Ben Bernanke's wife was a victim.
Apologetic ex-Madoff CFO DiPascali reveals details of Ponzi scheme as he pleads guilty in NYCAugust 11th, 2009 Ex-Madoff CFO pleads guilty in court in NYCNEW YORK — The former chief financial officer for Bernard Madoff has pleaded guilty in a cooperation deal to 10 charges, including conspiracy. Frank DiPascali entered the pleas Tuesday in federal court in Manhattan.
Ex-compliance boss at Conn. securities firm pleads guilty to conspiracy to commit $131M fraudJuly 21st, 2009 Ex-compliance officer at Conn. firm pleads guiltyNEW YORK — The former chief compliance officer at a Connecticut securities company has pleaded guilty to conspiracy to commit securities fraud and wire fraud.
SEC accuses Lancelot Investment of investing more than $2 billion in alleged Ponzi schemeJuly 11th, 2009 Lancelot Investment accused of aiding Ponzi schemeCHICAGO — Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.
Madoff case trustee says claims in massive Ponzi scheme rise to almost 9,000May 14th, 2009 Trustee: Nearly 9,000 claims in Madoff scamNEW YORK — The trustee overseeing the liquidation of Bernard Madoff's assets says he's received almost 9,000 claims from the disgraced financier's victims. Court-appointed trustee Irving Picard told reporters Thursday on a conference call that he's identified about $1 billion in assets that will be used to pay the claims.
Calif. businessman pleads guilty in NY probe of influence peddling at public pension fundsMay 12th, 2009 Businessman pleads guilty in NY pension probeNEW YORK — A California businessman has pleaded guilty to securities fraud in connection with an investigation of alleged corruption at New York's public pension fund. The attorney general's office said Tuesday Julio (HOO'-lee-oh) Ramirez entered into a corrupt agreement with a top political aide to former New York Comptroller Alan Hevesi (HE'-vuh-see) to ensure that his company's clients got a slice of pension fund investments.
Ex- NYC stock trader pleads guilty to stealing $16M from friends, clients for lavish lifestyleMay 2nd, 2009 Ex-NYC stock trader pleads guilty to stealing $16MNEW YORK — A former New York City stock trader has pleaded guilty to stealing $16 million he had promised to invest for friends and clients. David Holzer pleaded guilty Thursday in state Supreme Court in Manhattan.
New York ponzi scheme accused Madoff could spend 150 years in prisonMarch 12th, 2009 NEW YORK - Bernard L. Madoff, the man accused of defrauding people of billions of dollars while operating a vast Ponzi scheme that began at least 20 years ago, is to plead guilty to the charge on Thursday, and if he does so, he could spend at least 150 years in prison.
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