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The conspiracy and wire fraud charges are punishable by a maximum of 20 years in prison and a maximum fine of either $250,000 or twice the gain or loss from the offense, whichever is greatest.
In this swindle, a scammer will call an unsuspecting victim and tell them that they qualify for a discount on their utility bill if they provide their customer account number. After doing so, the scammer switches the customer to a different utility; after a brief introductory period, "rates may suddenly skyrocket" and victims can find ...
Having previously set up a diamond transaction, he hired a diamond merchant to pick up 43,200 carats (8.64 kg) in diamonds from the Soviet Trading company, which he had purchased for US$8.1 million. Rifkin then hired a diamond merchant to buy the diamonds from the Soviet trading company in Switzerland.
Swindle (chess), a ruse by which a chess player in a losing position tricks his opponent; Swindle (Transformers), several fictional characters in the Transformers universe; Swindle, a 2008 children's book by Gordon Korman; Swindle, a bi-monthly arts and culture publication from 2004 to 2009; The Swindle, a 2015 video game
However, the scheme eventually collapsed on May 4, 1884, bankrupting the Grants, The Marine National Bank, [3] Thomas Nast, and many other investors, and starting the Panic of 1884. Despite the elder Grant taking out a $150,000 personal loan from his friend William H. Vanderbilt, the collapse was irreversible, and the securities lost. Ward ...
The scam then becomes an advance-fee fraud or a check fraud. A wide variety of reasons can be offered for the trickster's lack of cash, but rather than just borrow the money from the victim (advance fee fraud), the con-artist normally declares that they have checks which the victim can cash on their behalf and remit the money via a non ...
A long con or big con (also, chiefly in British English, long game) [3] is a scam that unfolds over several days or weeks; it may involve a team of swindlers, and even props, sets, extras, costumes, and scripted lines. It aims to rob the victim of a huge amount of money or other valuables, often by getting them to empty out banking accounts and ...
In October 2002, he pleaded guilty to charges of securities fraud, bank fraud, obstruction of justice, and perjury. [59] Ferdinand Ward, financial swindler in the late 1800s; Dina Wein Reis pled guilty to conspiracy to commit wire fraud in May 2011, having duped corporations out of tens of millions of dollars. [60]