ALBANY, N.Y. (AP) — An upstate New York investment adviser who admitted bilking investors out more than $10 million has been sentenced to 20 years in prison.
Former Schenectady resident Scott Valente was also ordered to pay $8.2 million in restitution at his sentencing Friday in Albany.
The 58-year-old Valente pleaded guilty in May to securities fraud and other charges stemming from his activities with his company, the ELIV Group of Albany.
PHILADELPHIA (AP) — A university professor and his wife were convicted Friday of defrauding NASA by letting graduate students and researchers do all the work on a $700,000 project.
Lehigh University engineering professor Yujie Ding and his wife, Yuliya Zotova, told NASA that their startup company would develop a cutting-edge sensor used to track climate change, The Morning Call of Allentown reported (http://goo.gl/6uMWwh).
Zotova, 41, who has a doctorate in physics, was supposed to run the project and oversee the work of graduate students and research fellows in her husband’s laboratory at Lehigh. The students never saw her there, prosecutors said.
Former terrorist turned CIA double agent Morten Storm
tells Megyn Kelly in the 1st video below that America should expect to be hit by ISIS attacks within the next two weeks. With unverified reports coming in that UPS planes were recently discovered flying in hundreds or potentially thousands of ‘refugees’ under the cover of darkness as reported in the 3rd video below, all American eyes should be open as ISIS issues more cowardly yet terrifying threats to cities in America.
High level officials in the Bush and Obama administrations have allegedly been involved in a multi-billion dollar corruption scheme, according to allegations aired on Monday. “Thirteen presidential appointees (ten Obama, three Bush) are embroiled in a multi-billion dollar corruption scandal being probed by the U.S. Department of Justice and four inspector generals,” WikiLeaks said in a statement. This content was originally published by teleSUR at the following address: "http://www.telesurtv.net/english/news/WikiLeaks-Alleges-Massive-US-Government-Fraud-Scandal-20151116-0030.html". If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english
For the second time in a month, one of New York State’s biggest political figures is going on trial in a case brought by a federal prosecutor crusading against corrupt elected officials.
Jury selection begins Monday in Manhattan federal court in the extortion and bribery trial of former Senate leader Dean Skelos and his son, Adam.
Dean Skelos, 67, was the state’s most powerful Republican before his May arrest on charges that he abused his position to make hundreds of thousands of dollars for his 33-year-old son. He stepped down from his leadership post but retained his Senate seat.
The arrests came several months after the U.S. Attorney in Manhattan, Preet Bharara, brought corruption charges against one of the state’s most powerful Democrats, state Assembly Speaker Sheldon Silver. Silver, who quit his leadership post after his arrest, is accused of earning $5 million through extortion and bribery. His trial began two weeks ago.
All three men insist they will be vindicated at trial and are presenting a vigorous defense.
“This is a prosecution that should never have been brought in the first place,” Dean Skelos told reporters after a court hearing Friday.
The Skelos trial is expected to showcase a facet of politics that is more bare knuckles than the evidence that has surfaced in the Silver trial, where jurors are being told that the longtime politician disguised bribes as legal fees.
Until now, the scandal has mainly focused on nitrogen oxide emissions from VW group diesel engines, while petrol engines were believed to be unaffected. Vehicles such as the 2013 Audi Q7, the 2014-2015 Audi A6, A7, A8, Q5 and Q7 all contain the said engine. The software would reduce emissions when the vehicle was placed on a test stand, and then allow higher emissions during normal driving. European regulators demanded VW speed up its investigation into the cheating, while the company halted sales of seven models in the USA that allegedly were part of the plot. It also admits understating carbon dioxide emissions and fuel usage for about 800,000 vehicles, including a few with gas (petrol) engines.
New York has won the title of the most politically corrupt state in the U.S., setting a national record for the number of lawmakers kicked out or chased out of office since 2012, according to a new study released this week.
A grand jury has returned indictments for engaging in organized criminal activity against 106 of the 177 bikers arrested following the deadly shootout outside a Waco, Texas, restaurant in May, the McLennan County district attorney said.
In a nine-hour session, the grand jury acted on all 106 cases that it had been asked to consider related to the shootout between police and bikers outside a Twin Peaks restaurant on May 17, District Attorney Abel Reyna said at a press conference Tuesday evening.
fter two years of working informants, recording on wiretaps, and conducting old-school surveillance, New York City authorities dropped 11 indictments on nine Brooklyn and Bronx fuel oil companies Tuesday, charging them with scheming to defraud and racketeering. 44 people were arrested, and more charges are expected in what’s believed to be a decades-long con, as the New York Times reports.
Longtime Wall Street analyst and investor Charles Ortel is excited about Nov. 16. That is the day when the Bill, Hillary and Chelsea Clinton Foundation must file its IRS Form 990 for tax year 2014.
In anticipation Ortel’s website, packed with numerous lengthy reports detailing what he believes is extensive Clinton Foundation fraud, includes a countdown clock heralding November 16 as theFinal Charity Fraud Confession Deadline.
Last week Ortel’s clock received a surge after news that a Clinton Foundation spin-off, the Clinton Health Access Initiative, had agreed to refile two years of self-admitted error-ridden tax returns after first announcing otherwise on October 30.