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An Arkansas man running an illegal gambling operation conspired with a North Little Rock alderman and a contractor to rig city bids to collect on debts, a federal grand jury indictment unsealed Monday alleges.
A Gatlinburg, Tenn., businessman accused of defrauding investors of $21 million in a wide-ranging Ponzi scheme pleaded guilty Tuesday to all charges against him.
A wealthy health care executive came home one night in September to find a terrifying note from his wife, Quinn Gray: The 37-year-old housewife and mother of two had been abducted from her posh Florida beach community.
Prosecutors say Petters Co. Inc. was just a common Ponzi scheme at its core.
Victims of a multimillion-dollar Ponzi scheme who wanted the man who robbed them severely punished got their wish Wednesday when a judge sentenced the 83-year-old businessman to a 20-year prison term.
A Detroit-area man ran a decade-long Ponzi scheme, raising more than $200 million from investors fooled into believing their money was being used to finance telecommunications deals, according to an indictment unsealed Friday.
An attorney who claimed his own experience as an adopted child motivated him to help people seeking to start families is suspected of running a Ponzi-like scheme that ripped off couples from New York to Texas, promising children that didn't exist.
A 28-year-old Sacramento man who led authorities on an international manhunt has been returned to California to face federal charges in an alleged mortgage fraud scheme.
Federal prosecutors say there's no evidence to indicate wrongdoing by three NFL players who partnered with a financial adviser accused of running Ponzi scheme.
The first person to be charged with fraud under the federal bank bailout has been sentenced to 10 years in prison.
A Miami businessman who stole $126 million from hundreds of people across the country was sentenced to 100 years in federal prison Tuesday after a judge heard three hours of wrenching, often tearful testimony from eight victims.
The Securities and Exchange Commission on Thursday charged a Kuwaiti trader connected with Citigroup with scheming to make millions off fake offers to acquire U.S. companies.
Federal regulators have frozen the assets of a Delaware company accused of swindling nearly 8,000 investors in a $485 million Ponzi scheme that falsely promised hefty returns on investments in the oil and gas business, officials said Tuesday.
A former Home Depot flooring buyer was sentenced Thursday to 6 1/2 years in federal prison for overseeing a scheme in which foreign vendors paid millions in kickbacks to recieve lucrative contracts to supply the chain.
Federal regulators have accused two Northern California men of conducting an $85 million Ponzi scheme that targeted Korean-Americans, pledging to deliver spectacular returns from foreign currency trading.
Graduates at one eastern Pennsylvania high school donned caps and gowns and marched in their graduation ceremony, but didn't get their diplomas because of a grade-changing scheme.
Eighteen people have been accused of stealing more than $1 million from hundreds of bank accounts belonging to New York City churches, hospitals, schools and agencies including the police department.
A businessman accused of running an investment scheme has been convicted of federal charges of bribing a bank official.
Prosecutors say a Tennessee financial adviser has pleaded guilty to criminal charges in the first fraud case related to the federal bank bailout program.
A former financial adviser in Tennessee will plead guilty to criminal charges in the first fraud case related to the federal bank bailout program, his lawyer said Wednesday.
A Canadian man who dubbed himself the "Chinese Warren Buffett" faces federal charges of running a Ponzi scheme that targeted primarily Chinese-Americans and has left millions of dollars unaccounted for, the Securities and Exchange Commission announced Monday.
A Miami businessman accused of bilking nearly 600 people across the country out of $126 million and using the money on a personal jet, a yacht and other luxuries was convicted Thursday on 23 counts, including fraud and money laundering.
Two California mortgage brokers have been indicted on charges that they stole more than $7 million from a Florida lender.
A suspect in a nationwide mortgage fraud scheme who fled the country was caught at the Canadian border with $70,000 stuffed in his cowboy boots and nearly $6,000 worth of platinum, authorities said Wednesday.
Federal regulators on Wednesday charged an investment adviser with securities fraud, saying he bilked clients of at least $6.5 million in the first scheme using the government's $700 billion financial bailout program as a front to lure investments.
Economy is still shedding jobs and people are asking Obama to fix it. Folks, there is not much Obama can do about it. Government does not have a magic stick to swing and change the world. We have borrowed for 50 years and spent and inflated prices and salaries along with it.
Marc Dreier's $400M Scam, The Inside Story - 60 Minutes - CBS NewsSometimes trying to live the ultimate american dream requires to large a priceas Marc Dreier found out.
For ACORN, Video Is Only Latest CrisisInternal ACORN documents show an organization in turmoil as last year's presidential election approached, with a board torn over how to handle embezzlement by the founder's brother and growing concern that donor money and pension funds had been plundered in the insider scheme.
Teen & friend charged in failed hit on mom A 15-year-old hatched a scheme with text messages to murder his mother with a 13-year-old pal, Miami Beach police said Saturday.
Full statement: Bernie Madoff's wife Ruth breaks silence after husband sentenced to 150 yrs. in jailRuth Madoff feels that she is a victim too......
Madoff Sentenced to 150 Years in PrisonNEW YORK — DEVELOPING: Bernard Madoff has been sentenced to the maximum 150 years in prison for his multibillion-dollar fraud scheme. U.S. District Judge Denny Chin handed down the sentence in New York on Monday.
Marcus Schrenker of Indiana parachuted out of a private plane on Jan. 11 near Birmingham, AL and hopped onto a motorcycle he had hidden. Meanwhile the plane continued on for another 200 miles, on autopilot, into Florida and crashed near homes.
UK finger-printing children: "It's part of an enormous softening-up exercise, targeting society's most impressionable, so they'll accept cradle-to-grave state snooping and control."As voters express concern about surveillance technology, is it becoming second nature to the Facebook generation – used to publishing intimate details of their private lives on the worldwide web – who, in later life, may be less vociferous in their opposition to such schemes?
Brooklyn Lawyer Charged In $4m Theft - Allegedly Stole From Crippled Babies Excerpt: Stealing candy from just any old babies allegedly wasn't good enough for one Brooklyn lawyer.
Former Bank Employee Accused Of Stealing Millions From Customers A former employee of a South Florida Bank of America has been accused of stealing millions of dollars of customers' money.
Mom Of Teen Accused In 'Sexting' Scheme Speaks Out The mother of a Greensburg Salem High School teenager involved in an alleged "sexting" scheme is speaking out, saying her son did nothing wrong"
FBI Diverting Agents From Anti-Terror Cases To Combat Financial FraudThe FBI has engaged in "triage," taking agents off terror and other crimes to respond to a cascade of financial frauds such as the alleged Bernard Madoff Ponzi scheme, the head of the bureau's New York criminal division said.
The moral of Madoff's taleIn one of his more melancholy moods, Isaac Newton mused that he could measure the movement of distant celestial bodies but could not gauge the magnitude of human folly.
Encouraging Staff to Opt Out of Pension Scheme to Be BannedPressurising or even encouraging staff to opt out of a workplace pension scheme is to be made unlawful in the UK under proposed changes to the Pensions Bill.
McCain Campaign Paying People To Leave Comments In BlogsI was horrified to read that John McCain's campaign is bribing people to copy and paste his talking points in blog comments without revealing why they're doing it.
Olympic internet ticket fraud scheme uncovered Hundreds of sports fan from around the world appear to have been cheated as they give credit card details to purchase Olympic tickets.
NFL team has ticket plan to keep out Dallas Cowboys fansIn the past two seasons, there was little concern about this since the team sold out every home game. But with ticket sales a bit slower as the third season approaches, the Cardinals are requiring fans who want to buy tickets to the Dallas game on Oct.
Exiled Iraqi writer Najem Wali travels to Israel "Since the declaration of the state of Israel on May 14 1948, Israel has been the official enemy number one for the Arab states.
Reality Show Raided By Police"(The women) said their cell phones were taken away from them so they were not able to make any contact with their family or friends," neighbor Lori Thompson said. "So, they said they were fearful and they were just trying to get out."
Indictments Stir Plot in the Case of the Cash-Filled BagMIAMI — A federal grand jury here indicted four Venezuelans and one Uruguayan on Thursday on charges of illegally operating as agents of the Venezuelan government in covering up a scheme to deliver $800,000 in a cash-filled suitcase to the campaign of Argentina's new presiden …
Man fails at trademarking 'Obama bin Laden'A Miami Beach man's get-rich-quick idea stalled after the government said he couldn't trademark the name Obama bin Laden.
Organizer Of Sham Marriages SentencedA ringleader in a massive marriage fraud scheme was sentenced to nearly 3 1/2 years in prison yesterday by a judge who criticized the man for saying he had arranged more than 100 phony marriages only to help fellow Ghanaian immigrants stay in the United States.
With this ring ...?Nelson, a Republican from Lewisville, would have Texas law require marriage license applicants to swear in writing that they aren't marrying to circumvent immigration laws and that they aren't getting paid to enter into such a charade.
The following is a reply to a discussion started with Behind My Screen over on this thread about term limits for the President (you'll have to read to see how we got from that to personal accounts for Social Security).
Yahoo's Pyramid Scheme CollapsesThis scheme was indeed very bizarre. I'm not surprised it has collapsed. What did it achieve? Well it got Yahoo some more publicity, good and bad.
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