by Associated Press Published: March 9,2012
Tags: bench, courts, investing, investments judicial, investors, judges, judiciary, jury, lawsuit, ponzi, scam, scheme
HOUSTON, Texas — A Texas jury cleared the way yesterday for U.S. authorities to go after $330 million in stolen investor funds sitting in frozen foreign bank accounts controlled by convicted Ponzi schemer R. Allen Stanford. The jury, which convicted the former tycoon on 13 of 14 fraud-related counts earlier this week, found there to [...] [...]
JACKSON — More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and created a charity that claimed to have Vatican connections to further his scheme and cover [...] [...]
by Associated Press Published: February 21,2012
Tags: athletes, athletics, courts, fraud, investing, investments, investors, judge, judicial, judiciary, professional athletes, professional sports, scam, scheme, sentencing, tax evasion, taxes, wire fraud
MADISON — A federal judge has put off a former NFL player’s sentencing to give prosecutors time to notify possible fraud victims in Mississippi, Tennessee, Florida and Arizona. The Clarion-Ledger reports that the amount of Jeffrey Walker’s restitution payment will depend on the number of victims. Sentencing had been scheduled for last Friday. Federal assistant [...] [...]
by Associated Press Published: February 17,2012
Tags: federal government, grants, homes, houses, identity theft, law enforcement, residences, residents, scam, scheme, telemarketing, theft, thieves
ACROSS MISSISSIPPI — The FBI has warned Mississippi residents of a telephone scam that claims the person is eligible for a $5,000 to $10,000 grant from the Grants Department of the federal government. It supposedly can be used for home or residential purposes. The FBI says in a statement that a claim code containing two [...] [...]
by Associated Press Published: January 27,2012
Tags: building, charges, construction, disaster, disaster recovery, grand jury, hurricanes, investing, investment, investment scheme, investors, natural disaster, rebuilding, scam, servere weather, tropical weather, Weather
MISSISSIPPI GULF COAST — Federal officials say a man in Hawaii has been charged by a grand jury in connection with an investment scheme related to rebuilding projects in areas of Mississippi affected by Hurricane Katrina. A Justice Department news release from the Jackson FBI office identifies the man as 54-year-old Dan Doyle, a resident [...] [...]
HOUSTON, Texas — Texas financier R. Allen Stanford built a vast fortune through his network of banks and other businesses in the U.S., Latin America the Caribbean, and led a lifestyle befitting a billionaire business magnate. Once considered one of the U.S.’s wealthiest people, with an estimated net worth of more than $2 billion, Stanford [...] [...]
by Associated Press Published: January 16,2012
Tags: athletes, athletics, films, investing, investment, investors, movies, professional sports, scam, tax credits
NEW ORLEANS — Unlike this season’s winning on the football field, current and former members of the New Orleans Saints who bought nonexistent tax credits from a defunct movie studio are likely to come out big losers — perhaps getting back only 15 percent of their investment. The Saints personnel — including coach Sean Payton, [...] [...]
by Associated Press Published: January 11,2012
Tags: athletes, courts, fottball, fraud, investing, investment, investors, law, ponzi, professional athletics, scam, scheme, sports
SAN ANTONIO, Texas — Two people in South Texas face up to 18 years in prison over a Ponzi scheme involving ex-NFL player T.J. Slaughter and other investors. Alan Keith Nelsen and Mary Alice Monteza pleaded no contest in San Antonio to setting up a fake international investing firm. Slaughter in 2009 filed a complaint [...] [...]
by MBJ Staff Published: December 15,2011
Tags: courts, federal government, fraud, investing, investment, investor fraud, investors, ponzi scheme, scam, scheme
WASHINGTON — The Securities and Exchange Commission (SEC) has asked a federal court to determine whether the Securities Investor Protection Corp. should provide compensation to victims of a Ponzi scheme perpetrated by the Stanford Group. Sen. Thad Cochran (R-Miss.) has supported efforts to have the SEC and SIPC address the losses incurred by investors, including [...] [...]
JACKSON — An administrative action against Morgan Keegan & Company employees and Morgan Asset Management employees, Brian B. Sullivan, Gary Stringer, and Michele Wood has been resolved with the State of Mississippi, according to the Secretary of State’s Office. No Mississippi Morgan Keegan brokers were involved in this action. The order resolving the case is [...] [...]
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