by Justin Knapp | Sep 23, 2009 | Uncategorized
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 and fraud. Geez – seems like he’d think twice about choosing recognizable...
by Justin Knapp | Sep 23, 2009 | Uncategorized
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 income from the machines stationed in retail locations throughout the...
by Justin Knapp | Sep 23, 2009 | Uncategorized
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 dismissed in August after admitting to misappropriating $2 million. But as it dug deeper, the bank...
by Justin Knapp | Sep 23, 2009 | Uncategorized
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 defrauded investors of $1.5 million. The ex-LPL...
by Justin Knapp | Sep 21, 2009 | Uncategorized
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 by Hong Kong Judge Andrew Chan for his insider dealing. Du was sentenced to 7 years in...
by Justin Knapp | Sep 21, 2009 | Uncategorized
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 and fraud for his role in a program to profit $4.8...
