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Judge Fast-Tracks Leland Yee Corruption Trial to Early 2015

Leland Yee’s Federal Corruption Trial Fast-Tracked for Early Next Year A federal judge has “fast-tracked” Leland Yee’s federal corruption trial, involving numerous racketeering charges, to begin early next year. Yee, a former California state senator, has been charged with fraud, corruption, racketeering, and bribery, among other charges, with at least 28 other defendants. The  federal racketeering charge stems from a federal investigation that lasted 3 years. When Yee, campaign consultant Keith Jackson, and an undercover agent met again … [Read more...]

ZeekRewards Founder Indicted on Federal Charges for Ponzi Scheme

ZeekRewards Founder Faces Federal Charges in North Carolina for Ponzi Scheme The president and founder of ZeekRewards, a penny exchange website, has been indicted by a grand jury in North Carolina for several federal charges, including wire fraud, mail fraud, and tax fraud, for creating the internet Ponzi scheme. Paul Burks, 67, is a resident of Lexington, NC. On Friday, October 24th, a federal grand jury indicted Burks on charges of wire and mail fraud conspiracy, wire and mail fraud, and tax fraud conspiracy. According to the federal … [Read more...]

Texas Man Faces Federal Charges for Bitcoin Ponzi Scheme

First Ever Bitcoin Ponzi Scheme Lands Texas Resident with Federal Charges On Thursday, November 6th, a Texas man was charged for a Bitcoin Ponzi scheme created to defraud his investors in the First Pirate Savings and Trust. This will be the first federal criminal securities fraud involving Bitcoin, a completely internet-based currency with no central governing body. Trendon Shavers, 32, faces federal charges including misappropriating 146,000 of the 764,000 bitcoin, which was worth $4.5 million between September 2011 and September 2012, … [Read more...]

Warners Bros Faces Racketeering Lawsuit for “The Conjuring”

Major Hollywood Producing Studio Warners Bros Faces Racketeering Lawsuit Warner Bros and New Line Cinema, two major Hollywood production companies, face a racketeering lawsuit filed by a film producer over “The Conjuring” and its sequels. Producer Tony DeRosa-Grund has been battling Warner Bros for the past year over a rights dispute in “The Conjuring,” and has now added racketeering charges to the lawsuit against the Hollywood giant, filed in Texas. The racketeering charges claim that New Line Cinema LLC, a subsidiary of Warner Bros, … [Read more...]

Former Charlotte Mayor Guilty Plea to One Charge of Wire Fraud, Sentenced to Federal Prison

Former Charlotte, NC Mayor Sentenced to Federal Prison for Pleading Guilty to One Charge of Wire Fraud In June, former Charlotte, NC mayor Patrick Cannon pleaded guilty to one charge of wire fraud, which stemmed from numerous bribery, extortion, and other federal charges that cropped up during his tenure as mayor. On Tuesday, October 14th, Cannon was sentenced to 44 months in federal prison. Cannon was also sentenced to 2 years of supervised release, and a $10,000 fine. Federal prosecutors wanted Cannon in jail for 37 months, or just over 3 … [Read more...]

Woman Sentenced for Embezzling from Homeless Charity

Former CFO Sentenced for Embezzling $440,000 from Charleston Homeless Charity On Tuesday, September 30th, the former CFO of a Charleston-area homeless charity, Crisis Ministries, was sentenced to 4 years in federal prison after being found guilty of embezzling money from the group for almost a decade. Carol Libby, 56 years old, was found guilty of embezzling $440,000 from Crisis Ministries over a period of 7 years. The nonprofit was the largest homeless charity in South Carolina, but has since changed its name to One-Eighty Place, and still … [Read more...]

Investors Receive Money from 3 Hebrew Boys Scam

Scam Victims Receiving Restitution in 3 Hebrew Boys Aftermath On Wednesday, October 8th, US Attorney Bill Nettles reported that former investors in the 3 Hebrew Boys scam will begin to receive their part of $19 million, which hopefully is the third of many rounds of restitutions for the scam victims. The first round went out in May 2012, and the second went out in June 2013. Around 3,800 checks were mailed to the former investors, Nettles said in a news release, which gives the victims about 46 cents to every dollar they lost. The three … [Read more...]

Couple Divided on Plea Deal for Federal Charges in Erica Parsons Case

Casey Parsons Takes Plea Deal for Federal Charges, Sandy States that He Will Go to Court The adoptive father of missing North Carolina teenager Erica Parsons stated on Tuesday, October 7th, that he will go to court to face his federal fraud charges, despite the fact that, for the same charges, his wife has accepted a plea deal for federal charges. Sandy and Casey Parsons each faced 76 federal charges involving defrauding the federal government by accepting adoption program money although Erica Parsons had run away from home. In the first … [Read more...]

Huge Mortgage Fraud Ringleader Sentenced to Jail

Miami Judge Sentences Mortgage Fraud Ringleader to Prison A long-running mortgage fraud scheme conned several Miami-area banks out of close to $50 million, and now the mortgage fraud ringleader has finally been sentenced to prison. On Tuesday, September 30th, US District Judge K. Michael Moore sentenced Domenico Rabuffo, 78, to 27 years in prison as the mortgage fraud ringleader fraud scam. Three other people convicted in Rabuffo’s trial will be sentenced on October 30th. For Rabuffo, this is life in prison. After being indicted in … [Read more...]

3 Men Guilty of Federal Fraud Charges for Defrauding Shaw Air Force Base

Three Men Plead Guilty to Federal Fraud Charges for Defrauding Shaw Air Force On Wednesday, October 1st, three men who had construction contracts with Shaw Air Force Base pleaded guilty to federal fraud charges that they committed contractor fraud. James Autry "Audi" Clemens, 60, of Johnston; Larry Baker, 64, of Cameron; and Steven Crandall, 59, of Salisbury, N.C., pleaded guilty to charges of theft of government funds, and one count of money laundering, in connection with the fraud scheme. Reportedly, the men inflated the costs of … [Read more...]