Investor Fraud Summits Being Held Across U.S.

On October 1, 2012, the Department of Justice announced that multiple agencies are holding investor fraud summits around the United States in order to educate consumers and help them protect their money.  The summits are response to the huge amount of investment fraud schemes that occurred and are still occurring in the country.  ...

Researcher Guilty in $61.8 Million Insider Trading Scheme

On September 28, 2012, the US Attorney’s Office for the Southern District of New York announced that Jon Horvath, a former hedge fund research analyst, has pleaded guilty to his role in a $61.8 million insider trading scheme.  According to the FBI, the scheme involved numerous analysts and managers at several different hedge ...

Casino Cheating Scheme Illegally Won $7 Million

On September 28, 2012, the US Department of Justice announced that Van Thu Tran was sentenced to 36 months in prison for cheating in casinos.  The cheating caused numerous casinos to lose millions of dollars.     During her plea agreement, Van Tran admitted that she and several other co-conspirators obtained around ...

Tax Preparer and Others Indicted for Ponzi Scheme in Michigan

On September 27, 2012, the US Attorney’s Office in the Eastern District of Michigan reported that the following men and woman have been indicted for conspiring to commit wire fraud for an investment Ponzi scheme in Genesee Township: John James Missitti of Genesee Township, Thomas Winston Moore from California, Mark J. Carpenter of ...

Man and Wife Sentenced for Minority Contract Fraud in Illinois

On September 25, 2012, the US Attorney’s Office in the Northern District of Illinois announced that sentenced for public contract fraud that included projects at the O’Hare International Airport and the Village of Orland Park.  The woman, Aurora Venegas, was the owner of the Azteca Supply Co.  Her husband, Thomas Masen ...

Man in Sacramento Area Charged with Loan Fraud

On September 20, 2012, the US Attorney’s Office in the Eastern District of California announced that Ryan William Costo of Granite Bay was charged with six different counts of mail fraud, wire fraud, bank fraud, and making false statement to financial institutions.  All of the charges stem from attempts to defraud lenders in ...

Man Pleads Guilty in Biggest Federal Contracting Bid-Rigging Scheme Ever

On September 26, 2012, the US Attorney’s Office for the District of Columbia announced that Oh Sung Kwon pleaded guilty to charges in a bribery scheme where he paid thousands to an Army official.  In return for the bribes, Kwon received government contracts.  Kwon also pleaded guilty to another scheme that involved real ...

Roads Developer Receives 138 Months for Enormous Bank and Tax Credit Fraud Scheme

On September 26, 2012, the US Attorney’s Office in the Eastern District of Virginia announced the Eric H. Menden, a Hampton roads developer, was sentenced to 138 months in prison for a $41 million bank fraud scheme and $8 million historic tax-credit fraud scheme.  The bank fraud scheme forced the Bank of the Commonwealth to fail ...

Bank Employee Receives 44 Counts for Fraud, Bribery, and Money Laundering

On September 26, 2012, the US Attorney’s Office in the Northern District of Ohio announced that Paulette Roberts, a former bank employee at Fifth Third Bank, received a 44-count indictment.  The announcement was made by Steven M. Dettelbach, the United States Attorney for the Northern District of Ohio, and Steven D. Anthony, ...

Woman Indicted for Impersonating OSHA Employee During Gulf Oil Spill

On September 26, 2012, the Office of Public Affairs under the US Department of Justice announced that Connie M. Knight was indicted in a New Orleans federal court for impersonating a federal employee for the purpose of having people pay her for hazardous waste safety training.  The announcement was made by Ignacia S. Moreno, the Assistant ...

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