LexisNexis® Legal Newsroom
Renoir Painting and Custom-Built Sports Car Seized from Convicted Con Man Rocco DeSimone Are Sold at Auction

A Renoir painting and a custom-designed sports car seized by the federal government from imprisoned Rhode Island con man Rocco DeSimone have been sold at auction for $740,000. DeSimone had been convicted by a federal court jury in Providence of bilking an inventor and numerous investors out of more...

Court Orders MF Global to Pay over $1 Billion in Restitution to Its Customers

A federal court has entered an order on consent against MF Global Inc. requiring it to pay $1.212 billion in restitution to customers of MF Global to ensure that the customers recover their losses sustained when MF Global failed in 2011. The order, entered by U.S. District Court Judge Victor Marrero...

After Targeting the Terminally Ill and the Elderly, Estate Planning CEO and Employee Head to Prison

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 in Cranston, R.I., did all this – and...

Accountant from Jal Sentenced to Prison, on Fraud and Identity Theft Convictions

Roger L. Baeza, an accountant from Jal, New Mexico, has been sentenced to 61 months in federal prison, followed by three years of supervised release, for his conviction on securities fraud, access device fraud, and aggravated identity theft charges. Baeza also was ordered to pay $501,927.10 in restitution...

US Attorney in Manhattan Has Recovered Nearly $4 Billion from Criminal and Civil Cases Since January 2013

The Office of the U.S. Attorney for the Southern District of New York is reporting that it has recovered more than $2.7 billion in forfeiture actions since January 2013, that it also has collected or has entered into agreements to recover $1.06 billion in restitution, criminal fines, and special assessments...

Family that Commits Identity Theft Together Goes to Prison Together

Mary Young and her husband, Christian Young, and her son, Octavious Reeves, have been sentenced to prison for their involvement in a stolen identity refund fraud scheme. Mary Young was sentenced to serve 87 months in prison, Christian Young was sentenced to serve 70 months in prison, and Octavious...

Health Care Fraud Recoveries Hit Record $4.3 Billion Last Year, DOJ Reports

For every dollar federal prosecutors spent on health care-related fraud and abuse investigations under the Health Care Fraud and Abuse Control (HCFAC) Program and other programs over the last three years, the government recovered $8.10. This is the highest three-year average return on investment in the...