Over the course of about three years, from August 2010 to November 2013, Louis J. Spina collected $18 million from 28 investors by representing that he would invest their funds through his business, LJS Trading LLC, using algorithmic computer software... Read More
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
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
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
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
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
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
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
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
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
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 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
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
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
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