Hollywood Drama Leads to Wire Fraud Charges

Famous Director’s Former Accuser Now Faces Wire Fraud Charges The man who accused X-Men director Bryan Singer of sexual abuse when he was a teenager, and who later dropped the personal injury lawsuit, has now been charged with securities and wire fraud after investigators found that he was running a fraudulent investment scheme. On Tuesday, December 31st, a grand jury in Charlotte, NC indicted Michael Francis Egan III, 32 years old, for wire fraud and securities fraud in the business operation which ran from 2007 to 2012. Egan allegedly … [Read more...]

Federal Judges Indict Securities Firm for Wire Fraud and Securities Fraud

Criminal Charges Including Securities and Wire Fraud Leveled Against SAC After seven years of investigation, the largest ever insider-trading case moved forward on Thursday, July 25th: a federal grand jury indicted SAC Capital Advisors, run by billionaire Steven A. Cohen, on charges of securities and wire fraud. The hedge fund was charged with four counts of securities fraud, and one count of wire fraud. The federal government is seeking to force SAC to surrender any fraud-related profits. The charges have been filed specifically against … [Read more...]