Uncategorized

23 Sep 2009 No Comments

So Much for Mother-Daughter Tea Parties

Fleecing Central admires mother-daughter bonding, but these California ladies should really consider a more respectable pastime. The FBI agrees. Helen and Irene Sotiriadis are currently in FBI custody following claims […]

23 Sep 2009 No Comments

Madoff Middleman Made

For more than 30 years, it is claimed that Beverly Hills money manager Stanley Chais was channeling millions of dollars to schemer Bernard Madoff with a cushy cut of the […]

23 Sep 2009 No Comments

Political Power, Money, and Fraud

Powerful political figures were not immune to Hassan Nemazee’s con game. Former National Finance Chairman with Hillary Clinton’s and John Kerry’s presidential campaigns, and fundraiser for Barack Obama, Mr. Nemazee […]

23 Sep 2009 No Comments

I.D. Thief Selects High-Profile Victim

Of all targets to select for identity theft, Leonardo Zanders chose one of particularly high profile. Federal Reserve Chairman Ben Bernanke was victim to Mr. Zanders nationwide ring of theft […]

23 Sep 2009 No Comments

Phantom ATMs Reap $80 Million

Investors expecting revenue from ATM fees were sorely disappointed following a possible Ponzi scheme. Two suspects involved in the case are accused of wire fraud. Their alleged victims were promised […]

23 Sep 2009 No Comments

Bank of Montreal in Search of Mission $9.2 Million

In a lawsuit filed by Bank of Montreal, former employee Gregory Rao is accused of stealing money from clients. $9.2 million from 20 clients to be exact. Mr. Rao was […]

23 Sep 2009 No Comments

A Ponzi Scheme in the Wild West

Following consumer complaints, investment companies DC Wealth Management Inc. and DC Associates Inc. have been shut down by Montana regulators amid allegations of a Ponzi scheme. Allegations indicate Donald Chouinard […]

21 Sep 2009 No Comments

Hong Kong’s Costliest-Ever Scam

The reputation of a leading Asian financial center is at stake in the wake of an enormous insider scam. Former Morgan Stanley Managing Director Du Jun was raked over the coals […]

21 Sep 2009 No Comments

Insurance Agent In Over His Head in Funeral Trust Case

Red flags flew for the Illinois Department of Financial and Professional Regulation when a trust designed to cover consumers’ funeral expenses plummeted by $50 million in less than two years. […]

21 Sep 2009 No Comments

Bad PR

A public relations specialist passing along merger/acquisition tips to a former Lehman Brothers broker contributed to an insider trading scheme. Frederick Bowers pleaded guilty to conspiracy to commit securities fraud […]