In the following press release United States
Attorney Karin Immergut announced that Jeremy Richardson, 31,
Ridgefield, Washington plead guilty to money laundering in United
States District Court in Portland Oregon. The plea follows a joint
investigation by the Federal Bureau of Investigation (FBI) and the
Internal Revenue Service (IRS) of a mortgage fraud scheme devised and
carried out by Richards
Chief Executive Edmund Ho has announce the investment immigration scheme will be suspend and not be resume in the short time, due to the investment immigration policy help to pushes the property price rise to a level which is not reasonably for the majority of the locals to afford, and the large portion of the immigrants are low skilled as they cannot help contribute much to the Macau's future prospect of developments.澳門行政長官何厚鏵表示短期內不考慮重開投資移民政策, 因為投資移民政策推高澳門樓價不合理飆升, 部分資質不高人士遷入澳門，對澳門社會的發展前景將會幫助不大。現在澳門投資移民中, 相當大的比例移民是文化素質和求職技能不高。
In the following press release The Securities and Exchange Commission (SEC) announced that on September 25, 2007, the Honorable John Antoon II, United States District Judge for the Middle District of Florida, granted the Commission’s motion for summary judgment against Patrick Kirkland, the primary architect of a fraudulent securities scheme involving the sale of real estate investments known as triplexes. The court permanently enjoined Kirkland from further violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, thereunder. The order also granted the Commission’s claim for disgorgement with prejudgment interest against Kirkland and will hold a hearing to determine the amount Kirkland must disgorge. In addition, the Court reserved ruling on a specific civil penalty amount Kirkland must pay, pending the Commission’s motion. The Commission’s complaint in this matter, file
In the following press release MICHAEL J. GARCIA, United States Attorney for the Southern District of New York, and MARK J. MERSHON, Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced today the arrests of Michael Hershkowitz and Ivy Woolf-Turk in connection with an elaborate scheme to defraud approximately 70 individuals of over $27 million. As alleged in the Complaint filed in Manhattan federal court:HERSHKOWITZ and WOOLF-TURK, working through a Manhattan real estate development company, The Kingsland Group, Inc., and related entities (collectively, “The Kingsland Group”), fraudulently induced approximately 70 individuals (the “Investor Victims”) to loan them, in the aggregate, over $27 million, purportedly to fund the renovation of approximately sixteen multi-family apartment buildings located in upper Manhattan. As part of the fraud, HERSHKOWITZ and WOOLF-TURK falsely represented that the
Connie S. Farris, 62, owner-operator of Global Express Capital Corporation is charged with 61 counts of Mail Fraud for inducing people to invest in deeds of trust that reportedly paid high interest rates but which did not exist. A warrant was issued for her arrest. According to the Indictment, Connie S. Farris owned several companies which were in the business of loaning money to real estate developers for the …Read More...
Lazaro J. Rodriguez and Frederick Ira Wolfe entered guilty pleas in connection with a fraudulent internet-based investment scheme. When sentenced on May 23, 2007, and May 30, 2007, respectively, they face up to 20 years imprisonment and $250,000 in fines. Rodriguez was the president and Wolfe the chief executive officer of The Firm “Financial,” also known as THE F-I-R-M, The Firm Investments (collectively referred to …Read More...
Federal Court records show that on February 2, 2007 First Magnus Financial Corporation filed a civil complaint in the Nevada District Court against a number of defendants, the key ones have been named below. Tyson Rondeau a former loan officer with First Magnus Paul Hill Sr. and Paul Hill II and Accurate Accounting and Innovative Tax Service, 28235 Southfield Road, Lathrup Village, Michigan 48076Brian Haneline who owned ACE APPRAISALS CORPORATION, 1450 W. Horizon Ridge Parkway, Suite B-304, Henderson, Nevada 89012Cordebella Los Gatos Trust Rafik, IncCara Maria Gudelis owner of Options Are Us. 7540 Key Royale TrustMichael Mullins Panther InvestmentsDwayne R. Smith Rudolph StraatEmmett Garfield TraylorLawyers Title of Nevada, Inc (accused of negligence in the closing of one property) In the complaint FMFC alleges that defendants conducted a massive scheme of fraudulent real estate transactions involving residential properties located in Las Vegas, Nevada and Greater Metropolitan Phoenix,
In the following press release from Albuquerque on January 16, 2007, New Mexico Attorney General Gary King announced a plea agreement in the state’s fraud case against Angelo Garcia, the Albuquerque businessman charged with defrauding a group of senior citizens out of nearly one-point-four million dollars. According to the agreement, Garcia admitted his guilt in a series of securities fraud counts and one count of racketeering. He now faces up to 33 years imprisonment at sentencing. Restitution to the elderly victims is also ordered under terms of the agreement. Attorney General King says, “We are pleased by this outcome so that Angelo Garcia will pay for his crimes. Those who victimize our state’s elder citizens will be caught and they will be punished.” The senior citizen investors had been falsely led to believe their money, in some cases their life savings, was being invested in various housing projects. Garcia diverted most of the victims’ money and p
