Wwebnet CEO Charged in Securities Fraud Scheme

  On October 3, 2012, the US Attorney’s Office for the Southern District of New York announced that the chief executive officer, Robert Kelly, for Wwebnet Inc. was charged with securities and wire fraud.  The company is a software development company.     Kelly is accused of diverting about $2 million ...

U.S. Marshals Catch Cold Case Fraud Fugitive

  On October 1, 2012, the Marshals Service announced that a fugitive under America’s Most Wanted has been arrested and charged.  He is known as Bobby Thompson, and he has been on the run since 1987.     The U.S. Marshals Service states that Bobby Thompson was accused of stealing millions of dollars ...

FOREX Trader Sentenced for Defrauding 47 Investors

On October 2, 2012, the US Attorney’s Office for the Northern District of Illinois announced that Mark Adrian, a former floor trader at the Chicago Mercantile Exchange, was sentenced to three years in prison for a fraud scheme that affected 47 investors.  Adrian, who was also a spot foreign exchange trader in Florida, was found ...

Anti-Money Laundering Official Becomes the Criminal

On October 2, 2012, the US Attorney’s Office for the Central District of California announced that a check-cashing store in Los Angeles and its anti-money laundering officer placed guilty to numerous federal charges, including the violation of the Bank Secrecy Act.     The company, called G&A Check Cashing, was ...

Oceanside Attorney Nabbed for $11 Million Scheme

On October 2, 2012, the US Attorney’s Office for the Southern District of California announced that attorney Dean G. Chandler was in court and facing a 50-count indictment for causing homeowners to lose $11 million in a loan modification scheme.  A telemarketing salesman, Shelveen Singh, was also arraigned along with Chandler ...

USA Drug VP Receives 33 Months for Fraud

On October 1, 2012, the U.S. Attorney’s Office for the Eastern District of Arkansas announced that Garret Sorensen of North Little Rock was sentenced to 33 months in prison and three years of supervised release for mail fraud and money laundering.  Garret Sorensen was the former vice president of advertising for USA Drug.   The ...

Longtime Schemer Sentenced to 259 Months in NY

On October 1, 2012, the U.S. Attorney’s Office for the Southern District of New York announced that Michael Howard Clott of Bethesda, Maryland, was sentenced to 21 years and 7 months in prison for a large number of real estate and mortgage fraud schemes over a range of years.  Clott had numerous fraud convictions before his sentencing ...

Foreclosure Rescue Scammers Receive Prison Time

On October 1, 2012, the US Attorney’s Office for the Eastern District of Pennsylvania announced that four men, Anthony J. DeMarco III, Michael Richard Roberts, Sean Ryan McBride, and Eric Bascove, were all sentenced to prison time for a large foreclosure rescue scheme.  DeMarco of Conshohocken, PA received 25 years in prison ...

Two Doctors Sentenced for $205 Million Medicare Scheme

On October 1, 2012, the Department of Justice announced that two Miami-area doctors, Dr. Mark Willner and Dr. Alberto Ayala, were sentenced to 10 years in prison for participating in a $205 million Medicare fraud scheme.  The two doctors were directors at American Therapeutic Corporation (ATC), a mental health care company. In ...

Chicago Developer Receives 84 Months for Ponzi Scheme

On September 28, 2012, the US Attorney’s Office for the Northern District of California announced that John Terzakis, a Chicago-area developer, was sentenced to 84 months for defrauding clients of Vesta Strategies.  The announcement was made by US Attorney Melinda Haag.   The FBI reports that John Terzakis was the owner ...

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