A former lawyer from Marin County has pleaded guilty to defrauding investors out of more than $2.5 million.
James Seltzer, 67, of Belvedere, who specialized in securities law, admitted victimizing more than 10 investors between October 2007 and May 2011.
In his plea agreement, he said he told his victims he would use their funds to invest in securities, but actually put much of the money in his bank accounts and used it for personal and business expenses.
Please DonateSAN FRANCISCO, CA – So what happens when you work for a bank and get caught creating phony accounts that steals money from customers? For one you get fired, but we`re not just talking about one rogue employee here.
Over 5,000 workers have been shown the door after being caught creating over 1.5 million fake bank accounts. Why? It was all in the name of meeting those all-important sales goals.
While the sales team was hitting their quotas Wells Fargo customers were getting hit in the pocket. Some people were charged overdraft fees when their money had been unknowingly moved from their account to fund a fake one opened in their name.
Please DonateOn Thursday, September 8, 2016, Scott Raymond Beard, 46, a former Deschutes County Sheriff’s Office captain and resident of Deschutes County, was sentenced to five years in prison by U.S. District Judge Michael J. McShane for stealing over $200,000 in public funds he was entrusted to manage, according to a press release from the United States Attorney’s Office.
At least 63 times over a two-year period, Beard falsified records to steal money designated for use in combating drug crimes, the release states.
At the sentencing hearing, Deschutes County Sheriff Shane Nelson attested to the damage Beard’s abuse of trust caused to the community, and to the men and women working in law enforcement. Sheriff Nelson explained that Beard “betrayed the ideals of the law enforcement profession. He was in a position of absolute trust, and he abused this trust for his own gain.”
Please DonateMore than half of the people who managed to score a personal one on one meeting with Hillary Clinton while she was Secretary of State donated money to the Clinton Foundation, either as an individual or through a company where they worked. “Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million,” the Associated Press reported.
Please DonateJACKSONVILLE, Fla. (AP) — U.S. Rep. Corrine Brown is having trouble hiring lawyers to defend her in a corruption case stemming from a purported charity that federal prosecutors say was an $800,000 personal slush fund.
Please DonateA former Alexandria Fire Department employee, Monique Jackson Asante, pleaded guilty in Alexandria Circuit Court today to money laundering related to public theft. She was indicted by the Grand Jury for the City of Alexandria on July 11, 2016, related to a lengthy scheme to steal and launder public money from the City government.
Please DonateAmtrak’s inspector general has launched a fraud and conflict of interest investigation involving the system’s police chief.
Media outlets report that affidavits filed in federal court state Chief Polly Hanson was involved in preparing a contract that ABS Consulting won in 2014, but didn’t disclose the nature of her relationship with ABS’ Kerry Thomas. Court records state Thomas and Hanson have apartments in the same building and co-own a Delaware condo. The investigation, first reported by WTTG-TV, is also examining whether Thomas and ABS violated the False Claims Act and contract terms.
Please DonateA Federal Lawsuit charges Dr. Margaret Hamburg, former Commissioner of the Food and Drug Administration (FDA) with conspiracy, racketeering & colluding to conceal deadly drug dangers – under the federal Racketeer Influenced and Corrupt Organizations law (RICO) law. The amended RICO lawsuit was filed on April 11, 2016 in the U.S. District Court in Washington DC on behalf of eight plaintiffs who claim they have suffered severe harm by ingesting the drug, Levaquin whose deadly risks were concealed to protect financial interests.
Please DonateA recent Aite Group study indicates that Mexico has become the top spot for card fraud with even greater numbers of victims there than in the United States, which ranked highest in card fraud in 2014, but has dropped to third place this year behind Mexico and Brazil, where fraud has spiked during the past year.
Please DonateA former IRS employee, who helped taxpayers experiencing problems resulting from identity theft, was sentenced Wednesday to nine years and two months in federal prison for her guilty plea to stealing taxpayer identities and orchestrating a tax-fraud scheme with three other people involving up to $1.5 million in bogus income tax returns.
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