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HSBC Client Gets Probation For Hiding Offshore Accounts (Bloomberg) - A New Jersey businessman who cooperated with prosecutors in a U.S. probe of offshore tax evasion avoided prison for conspiring with five HSBC Holdings Plc (HSBA) bankers to hide Indian bank accounts from authorities. Vaibhav Dahake, 46, was sentenced to one year of probation today in federal court in Trenton, New Jersey, where he pleaded guilty in April 2011.
Helping Hedge Fund Managers Manage Prison (Absolute Return) - Jeff Grant is founder and director of the Progressive Prison Project...
English: The Seal of the United States Federal Bureau of Investigation. For more information, see here. Español: El escudo del Buró Federal de Investigaciones (FBI). Para obtener más información, véase aquà (Inglés). (Photo credit: Wikipedia)
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Wire-Tapping Becomes Popular Tool For Feds in White-Collar Crime (Fobres) - Where once reserved for violent and narco-related crime, the use of wiretaps has evolved to become a potent tool in the fledgling battle against white-collar crime. This article examines the history of wiretaps, their foray into white-...
English: Rajat Kumar Gupta, Chairman of the Board, The Global Fund to Fight AIDS, Tuberculosis and Malaria; Senior Partner Emeritus, McKinsey & Company, USA; Member of the Foundation Board of the World Economic Forum, captured during the session 'Completing the Malaria Mission' at the Annual Meeting 2009 of the World Economic Forum in Davos, Switzerland, January 31, 2009. (Photo credit: Wikipedia)
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Govt Pushes SAC's Cohen To The Edge (Bloomberg) - After five years under investigation for insider trading, Steven Cohen is considering proposing a deal to...
Amish country near Arthur, Illinois (Photo credit: Wikipedia)
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Employee Theft On The Rise New Study Finds (Marquet Intl) - Marquet International Ltd. announced today that it has released The 2012 Marquet Report on Embezzlement – its 5th annual study of major embezzlement cases in the United States. The study examined 528 major embezzlement cases active in the US in 2012 – those with more than $100,000 in reported losses.
Doctor Claiming Cancer Cure Heads to Prison (Lawfuel) - The basic facts of the case are that Daniel, a medical doctor and prominent...
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California Man Guilty of $250 million Ponzi Scheme (Ponzi Tracker) - A federal jury has returned a guilty verdict against a California man for masterminding a massive Ponzi scheme that bilked investors out of over $250 million. James Stanley Koenig, 60, was found guilty of all but one of the three dozen criminal charges levied against him by prosecutors.
New York Woman Indicted In Connecticut Shooting Donation Scam (WSJ) - New York City prosecutors say a woman has been charged with fraud for posing as the aunt of a Connecticut school shooting victim and...
Facebook logo Español: Logotipo de Facebook Français : Logo de Facebook Tiếng Viá»t: Logo Facebook (Photo credit: Wikipedia)
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Three Men Arrested in NJ on Facebook Share Fraud (Forbes) - Federal law enforcement officers with the FBI and IRS-Criminal Investigation arrested three men at their homes this morning on charges they stole approximately $6.7 million from an investor, in part by claiming special access to shares iof Facebook Inc., prior to the company’s initial public offering, New Jersey U.S. Attorney Paul J. Fishman announced.
Fmr BP Engineer Kurt Mix...
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A few things to look for today: Anthony Chiasson (Level Global Investors) is to be sentenced today for insider trading today .... Odds are that he gets close to 10 years. That's a hit! Former Jendens & Gilchrist lawyer Donna Guerin reports to federal prison today to begin serving an 8-year sentence for her role in a large tax frad scheme.
Clarksburg, WV Bank Heist From the Inside (TOPIX) - Deborah D. Radcliff, age 41, of Weston, West Virginia, was named in an eight-count Indictment charging her with one count of embezzlement by a bank employee and...
Three keys logo by Warja Honegger-Lavater. (Photo credit: Wikipedia)
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After 43 Years On Run, Arkansas Asks For Fugitive To Be Returned (WSJ) - For most of his life, Lester Stiggers has lived in Michigan as a fugitive from justice. A native of Little Rock, Arkansas, Mr. Stiggers was 15 years old when he murdered his father with a 12-gauge shotgun. He claimed he “took as much as he could” from his father, whom he described as a closeted gay man who beat and threatened to kill him if he told anyone about his secret. A jury convicted him of first-degree...
Enron logo, designed by Paul Rand (Photo credit: Wikipedia)
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Jeff Skilling May Get Sentenced Reduced to 14 Years (Bloomberg) - Skilling and the US government have come to an agreement that may give the former CEO of Enron a new chance at life on the outside ... in 2017. After years of appeals, Skilling is in a Colorado prison and has never stopped fighting for his freedom. Now the government seems to have backed off a bit ... Skilling is set to be resentenced on June 21.
Bernie Madoff's Boat is For Sale (PonziTracker) - Madoff had purchased the yacht in...
Seal of the U.S. Securities and Exchange Commission. (Photo credit: Wikipedia)
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Insider Trader Sentence of Chiasson Could End in 10 year Sentenced (Reuters) - Federal prosecutors want the co-founder of hedge fund firm Level Global Investors LP to spend as much as 10 years in prison for insider trading in shares of two technology companies. The government said in a Manhattan federal court filing that Anthony Chiasson, who was convicted in December of securities fraud and conspiracy, should spend 97 to 121 months behind bars.
The City of Harrisburg, PA...