Tag Investment Fraud

Financial Fraud: JOSEPH KIM Sentenced For Misappropriating $1.1 Million In Bitcoin And Litecoin

Trader Sentenced to 15 Months in Federal Prison for Misappropriating $1.1 Million in Cryptocurrencies CHICAGO — In the first criminal prosecution in Chicago involving the cryptocurrency trading industry, a federal judge has sentenced a trader to 15 months in prison…

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Financial Fraud: Jason Rhodes Charged with Lying to Investors and Misappropriating Investor Funds

Co-Founder Of Investment Fund Charged In Manhattan Federal Court For Participating In Multi-Million Dollar Fraud Scheme Jason Rhodes Charged with Lying to Investors and Misappropriating Investor Funds Geoffrey S. Berman, the United States Attorney for the Southern District of New…

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Investment Fraud: SUNG HONG Sentenced For Defrauding More Than 55 Clients On Affinity Investment Fraud

Couple Sentenced to Lengthy Prison Terms for $12.7 Million Affinity Investment Fraud Defendants Preyed on Faith Communities to Fund Lavish Lifestyle SUNG HONG, 47, and HYUN JOO HONG, 42, of Clyde Hill, Washington were sentenced today in U.S. District Court…

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Investment Fraud: Edward I. Campbell Sentenced For Charges Related to a $1.4 Million Investment Fraud Scheme

Reynoldsburg Man Sentenced for Defrauding 44 Clients out of More Than $1.4 million Defendant pretended to be former Navy SEAL COLUMBUS, Ohio – Edward I. Campbell, 41, of Reynoldsburg, Ohio, was sentenced in U.S. District Court today to 60 months…

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Investment Fraud

Investment Fraud: Edward Durante Sentenced For Defrauding at Least 100 Investors of More Than $15 Million

Recidivist Securities Fraudster Edward Durante Sentenced To 18 Years In Prison For Securities Fraud, Money Laundering, And Perjury Offenses Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that EDWARD DURANTE, a/k/a “Ted Wise,”…

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Investment Fraud

Securities, Commodities, And Investment Fraud: Hung Kang and John Won Chargedwith Conspiring to Commit Wire and Securities Fraud

Two Defendants Indicted in Brooklyn Federal Court for Foreign Exchange Trading Scams Defendants Stole Hundreds of Thousands of Dollars by Luring Korean-American Investors into Bogus Foreign Exchange Trading Earlier today, in federal court in Brooklyn, an indictment was unsealed charging…

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Petrossi Falsely Claimed to Investors That Money They Had Invested in Purported Investment Funds

Financial Fraud: Louis F. Petrossi Was Convicted On Securities Fraud, Investment Adviser Fraud, And Wire Fraud

New York Investment Adviser Convicted Of Defrauding Investors HARRISBURG – Louis F. Petrossi, age 77, the founder and president of the Wealth Research Institute, a purported investment research firm, was convicted yesterday by a federal jury in the Middle District…

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Investment Fraud

Financial Fraud: BRIAN BLOCK Sentenced For Inflating a Key Metric Used to Evaluate The Financial Performance of Publicly Traded REITS in ARCP

Former Chief Financial Officer Of American Realty Capital Partners Sentenced For Accounting Fraud Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced that BRIAN BLOCK, the former chief financial officer of the publicly…

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Investment Fraud

Investment Fraud: MICHAEL SCRONIC Charged With Securities Fraud And Wire Fraud Arising Out of His Execution of a $19 Million Ponzi Scheme

Westchester Hedge Fund Manager Arrested For Running A Ponzi Scheme Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of…

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Financial Fraud

Financial Fraud: Craig Carton And Michael Wright Arrested And Charged With Securities Fraud, Wire Fraud, And Conspiracy to Commit Those Offenses

Manhattan U.S. Attorney And FBI Assistant Director Announce Securities And Wire Fraud Charges Against Craig Carton And Michael Wright Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr, the…

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Investment Fraud

Financial Fraud: Jared Mitchell Sentenced In Securities Fraud For His Role in The Fraudulent Market Manipulation of ForceField Energy Inc.

Forcefield Energy Investor Relations Professional Sentenced To 36 Months In Prison For Role In A $131 Million Market Manipulation Scheme Jared Mitchell, an investor relations professional, was sentenced earlier today to 36 months’ imprisonment, to be followed by three years…

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Investment Fraud

Investment Fraud: PATRICK MURACA Charged With Wire Fraud, In Connection With a Scheme To Defraud Investors

Manhattan U.S. Attorney Announces Arrest In Scheme To Defraud Investors In Purported Medical And Pharmaceutical Businesses Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the…

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Financial Fraud, Investment Fraud

Financial Fraud: Anthony J. Klatch II Sentenced For Conspiracy, Securities Fraud, Wire Fraud, and Money Laundering

Tampa Investment Scheme Mastermind Sentenced To More Than Nine Years In Federal Prison Tampa, Florida – U.S. District Judge James D. Whittemore today sentenced Anthony J. Klatch II (36, previously of Tampa) to nine years and seven months in federal…

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Financial Fraud

Financial Fraud: THOMAS HEAPHY, JR., Indicted And Pleaded Guilty to Conspiracy And Tax Offenses Stemming

Long Island Man Pleads Guilty to Conspiracy and Tax Offenses Stemming from Stock “Pump and Dump” Scheme Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that THOMAS HEAPHY, JR., 42, of East Moriches, N.Y., waived his…

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