U.S. Charges Canadian Man For ‘Layering’
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SEC Sues Alts Fund Manager For Fraud Following FBI Arrest
The SEC has filed a civil suit against David Thibeault, an alternative fund manager, nearly a month after he was arrested by the FBI on charges of securities fraud. The SEC made many of the same allegations against Thibeault that the FBI made, specifically accusing him of funneling around sixteen million dollars in assets from […]
Former Sunwest CEO Guilty Of Fraud
John Harder, former CEO of an Oregon-based chain of retirement centers, pleaded guilty yesterday to charges pertaining to a complicated scheme that officials claim defrauded investors out of $130 million. Prosecutors will ask for a fifteen year prison term at his sentencing; Harder’s attorneys will ask for five years. Assistance U.S. Attorney Allan Garten stated […]
Investor Asserts Innocence In Tech Traders Ponzi Scheme
Gregg Amerman, an investor who the U.S. Commodity Futures Trading Commission accused of moving funds into a $13.5 million Ponzi scheme, has requested that the U.S. Court of Appeals for the Eleventh Circuit reverse the trial court’s summary judgment for the CFTC, asserting that he was not a commodity pool officer and had no knowledge […]
Bronx Ponzi Schemer Sentenced To Up To 11 Years
This week Robert Van Zandt, a tax preparer from the Bronx, New York, was sentenced to up to eleven years in prison, having previously pleaded guilty in November to operating a multimillion dollar Ponzi scheme. His victims said they trusted him with their life savings for decades, but he stole $4.8 million from them, leaving […]
Denver-Area Man Indicted On $4.8M Ponzi Scheme
Perry Sawano of Wheat Ridge, Colorado, a suburb of Denver, was indicted by a Jefferson County grand jury for running a Ponzi scheme that bilked investors out of $4.8 million from 2007 to 2013. Sawano was indicted on seventeen counts: five counts of securities fraud and twelve counts of theft over $20,000. Sawano allegedly ran […]
Pennsylvania Adopts New Rules To Deter Attorneys From Operating Ponzi Schemes
In the wake of an alleged multi-million dollar Ponzi scheme run by attorney Anthony J. Lupas, the Pennsylvania Supreme Court has adopted new rules for attorneys in order to deter similar behavior in the future. According to changes to the Rules of Professional Conduct, lawyers will be banned from “brokering, offering to sell, selling or […]
Alabama Man Pleads Guilty To $3M Ponzi Scheme
The Frankowski Firm is currently representing a number of claimants in a case against Bryan Anderson of Hoover, Alabama. Anderson was charged today with one count each of wire fraud, securities fraud, and money laundering relating to a Ponzi scheme he operated through which he swindled investors out of over three million dollars, according to […]
Two Sentenced In South Carolina Ponzi Scheme
Timothy and Cassandra Wilson, the wife and brother of Ponzi scheme mastermind Ron Wilson, were sentenced this month to nine months of home confinement and one year of probation for their participation in a conspiracy to obstruct justice by hiding assets in the scheme. U.S. District Judge J. Michelle Childs at the federal courthouse in […]
Former Hollywood Accuser Indicted On Securities And Wire Fraud Charges
Michael Francis Egan III, who had previously accused X-Men director Bryan Singer of sexual abuse when he was a teenager, has been indicted on securities and wire fraud charges for operating a fraudulent investment scheme that lasted from 2007 to 2012. Egan was indicted by a grand jury in Charlotte, North Carolina. Over the course […]
