Financial Fraud Law

Recent Posts

‘SpyEye’ Creator Pleads Guilty to Conspiracy to Commit Wire and Bank Fraud
Posted on 29 Jan 2014 by Steven A. Meyerowitz

Aleksandr Andreevich Panin, a Russian national also known as “Gribodemon” and “Harderman,” has pleaded guilty to conspiracy to commit wire and bank fraud for his role as the primary developer and distributor of the malicious software... Read More

$1 Billion High-Yield Investment Fraud Leads Three Investment Advisers to Prison
Posted on 25 Nov 2013 by Steven A. Meyerowitz

Three former investment advisers – William J. Ferry, a former stock broker and investment adviser; Dennis J. Clinton, a former real estate investment manager; and Paul R. Martin, a former senior vice president and managing director of Bankers Trust... Read More

6 Year Fraud by CFO Who Embezzled $5.7 Million, Prosecutors Contend
Posted on 6 Jan 2014 by Steven A. Meyerowitz

Gregg Pierleoni was the chief financial officer of a moving and storage company based in Westchester, New York, from 1987 to April 2013. Now, he is charged with embezzling over $5.7 million from the company over a six year period. According to prosecutors... Read More

Prosecutors’ Rush to Join Private Law Firms Accelerates
Posted on 30 Jan 2014 by Steven A. Meyerowitz

The wave of financial fraud prosecutors joining private law firms is continuing – in fact, it appears to be accelerating. Consider that, in just the past couple of days, David Meister, who ran the enforcement unit at the Commodity Futures... Read More

Disability Doctor Peter J. Lesniewski Sentenced to 8 Years in Prison for His Role in Long Island Railroad Fraud
Posted on 25 Feb 2014 by Steven A. Meyerowitz

Peter J. Lesniewski, a Board-certified orthopedist, has been sentenced in Manhattan federal court to eight years in prison for his role in the alleged massive fraud scheme in which Long Island Railroad (LIRR) workers claimed to be disabled upon early... Read More

5 Years After Madoff: Long Island Man Charged with Orchestrating a $5 Million Ponzi Scheme
Posted on 10 Dec 2013 by Steven A. Meyerowitz

Almost five years to the day after Bernard Madoff was arrested in Manhattan, federal prosecutors in New York – yes, in New York – have charged a man with wire and mail fraud for allegedly operating a Ponzi scheme. The indictment alleged... Read More

A Clue About #8 in Financial Fraud Law for the Year: Look at Bryan Cave’s Next Firm-Wide Leader
Posted on 26 Dec 2013 by Steven A. Meyerowitz

As the Financial Fraud Law Blog continues its countdown of the Top 10 in Financial Fraud Law for the year, we are going to begin with a clue: Bryan Cave. Give up? The clue is relevant to our Top 10 list because the international law firm has just... Read More

Not Dead: Former Bank Director Aubrey Lee Price. But, Under Arrest
Posted on 6 Jan 2014 by Steven A. Meyerowitz

Aubrey Lee Price, a former director of Montgomery Bank & Trust (“MB&T”) in Ailey, Georgia, is not dead after all. Well more than a year ago, Price sent acquaintances a suicide note stating that he planned to kill himself by throwing... Read More

Quoting E-Mails, Government Charges 3 Former Rabobank Traders with Manipulating Yen Libor
Posted on 14 Jan 2014 by Steven A. Meyerowitz

Two former Japanese Yen derivatives traders at Rabobank and the trader responsible for setting Rabobank’s Yen London InterBank Offered Rate (LIBOR) have been charged as part of the Justice Department’s ongoing criminal investigation into the... Read More

How Tech Support Refund Scams Work – and How to Avoid This Financial Fraud
Posted on 6 Jan 2014 by Steven A. Meyerowitz

So-called “tech support refund scams” are a new twist on an old fraud, and they often manage to defraud honest consumers. But, there are ways to avoid being the subject of this form of financial fraud. Tech support scams try to gain consumers’... Read More

Three Charged in Alleged Widespread Corruption Schemes at US Military Base
Posted on 22 Jan 2014 by Steven A. Meyerowitz

Three Georgia men have been charged in a 51-count indictment for their alleged participation in fraud and corruption schemes at the Marine Corps Logistics Base (MCLB) in Albany, Georgia. Federal prosecutors assert that the U.S. government lost millions... Read More

Financial Fraud Law Quiz: New Jersey Mayors Who Have Been Convicted or Pleaded Guilty in Corruption Cases
Posted on 10 Feb 2014 by Steven A. Meyerowitz

With the bribery, fraud, and extortion conviction last week of Tony Mack, the mayor of Trenton, New Jersey, the Financial Fraud Law Blog and the Financial Fraud Law Report thought we would ask our readers if they could identify the communities in New... Read More

Former Virginia Governor and His Wife Are Charged with Corruption
Posted on 22 Jan 2014 by Steven A. Meyerowitz

A federal grand today has returned a 14-count indictment against former Virginia Governor Robert F. McDonnell and former First Lady Maureen G. McDonnell for allegedly participating in a scheme to violate federal public corruption laws. The indictment... Read More

After Targeting the Terminally Ill and the Elderly, Estate Planning CEO and Employee Head to Prison
Posted on 17 Dec 2013 by Steven A. Meyerowitz

He saw “death as a holiday.” He targeted the terminally ill and the elderly. He stole millions of dollars. Federal prosecutors say that Joseph A. Caramadre, the president, chief executive officer, and majority owner of Estate Planning Resources... Read More

The Case of the Counterfeit Wine
Posted on 19 Dec 2013 by Steven A. Meyerowitz

Financial fraud comes in all sizes and types. Including, it now turns out, in counterfeit wine. Wine dealer Rudy Kurniawan has been found guilty by a jury in Manhattan federal court for engaging in a scheme to manufacture and sell counterfeit bottles... Read More