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Lexington men sentenced to prison in scam that cost luxury car dealers $6 million. Bill Estep. August 6, 2024 at 4:45 AM ... The brothers pleaded guilty to conspiracy to commit money laundering.
Davenport was also charged with a separate £8 million fraud and money laundering scam. The three-month trial concluded in September 2011 with Davenport, Riley and Andersen each convicted on a single count of fraud. The other charges against Davenport were left to lie on file. [32] Horsfall, McHugh and Kirkup pleaded guilty. [32]
In 2004, the SEC fined Raymond James $6.9 million for failure to supervise former broker Dennis Herula, who was accused of participating with others in a Ponzi scheme that raised about $44.5 million from investors in 1999–2000. Herula himself raised about $16.5 million of investor funds, most of which was later transferred to his wife's ...
An amended indictment on March 17, 2009, added an eighth count of money laundering to the charges and $700 million in forfeitures. From 2004 to December 2008, Dreier "sold to funds and others approximately $700 million worth of Fake Developer Notes and Fake Pension Plan Notes".
Report the scam. If you feel you’ve been taken advantage of by an investment scam, contact your local banking institution to go over how to best protect and recover your personal finance ...
Americans lost $5.6 billion in cryptocurrency scams in 2023, according to a new report released by the FBI on Monday. ... the victim is given a web app to place their money in. ... $5 million, $6 ...
On April 20, 2023, Ted DiBiase Jr. was indicted in federal court on one count of conspiracy to commit wire fraud, one count of conspiracy to commit theft concerning programs receiving federal funds, six counts of wire fraud, two counts of theft concerning programs receiving federal funds and four counts of money laundering. [21]
Martin Frankel, American former financier, convicted in 2002 of insurance fraud worth $208 million, racketeering and money laundering [25] G Anthony Gignac , a serial con man and fraudster who falsely took on the identity of Saudi prince Khalid bin Al Saud to entrap victims in investment scams and other schemes, currently serving an 18-year ...