Guilty Plea Date Set for Ponzi Scheme Case
A judge has set a Jan. 27 date for a disbarred South Florida lawyer to plead guilty to charges stemming from what authorities call a $1.2 billion Ponzi scheme. The date was set at a hearing Wednesday after Scott Rothstein’s attorney announced he will plead guilty. Rothstein had initially pleaded not guilty to racketeering, fraud [...]
Retired Army Officer Sentenced for Contract Scam
A retired U.S. Army major must serve 57 months in prison for accepting $245,000 in bribes from companies in exchange for awarding military supply contracts in Kuwait. Judge Clay D. Land of the U.S. District Court for the Middle District of Georgia also ordered Christopher H. Murray, 42, to pay $245,000 in restitution to the [...]
Two Mi. Brothers Sentenced for Investment Scam
Two Lansing, Mich.-area brothers have been sentenced to 10 years in prison and ordered to pay $21.6 million in restitution as part of what authorities described as an oil and gas investment scheme. Fifty-five-year-old Eric Riley Merkle and 53-year-old Jay Vernon Merkle were sentenced Wednesday in U.S. District Court in Grand Rapids. The Williamston men [...]
New York Man Charged in $365K Fitness Scam
A former college staffer convicted of stealing funds from the school at which he worked attempted to repay it by getting investors to fund a fictitious online fitness magazine. Mark Andrew Moore attracted investors from at least six different states in order to collect three hundred sixty-five dollars for what he said was an online [...]