Posts Tagged ‘scheme’

After more than a decade, federal judge schedules Frankel trial

by Published: February 27,2012

Tags: courts, fraud, insurance, judge, judicial, judiciary, scam, scheme

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 […] [...]

Judge postpones ex-NFL player’s sentencing for 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 […] [...]

FBI issues alert on federal grant scam

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 […] [...]

Stanford’s Ponzi scheme trial to begin today in Texas

by Published: January 24,2012

Tags: courts, financier, fraud, investing, investment, investor, ponzi, scam, scheme

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 […] [...]

Texans face prison for Ponzi scheme involving ex-NFL player

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 […] [...]

SEC asks court to decide on compensation to Stanford victims

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 […] [...]

State’s action against Morgan Keegan workers settled

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 […] [...]

Ex-road manager, wife plead not guilty to Katrina fraud

HANCOCK COUNTY — Not guilty was the plea entered in federal court by a former Hancock County road manager and his wife. Roger Ladner and his wife, Sharon, of Kiln, are accused of a conspiracy to accept bribes and launder money in a scheme involving Hurricane Katrina cleanup contracts that the federal government says were […] [...]

Man charged in online hay-selling scam

WESSON — A Wesson man has been charged with selling hay over the Internet. Authorities say the problem is James Darin Hoffman had no hay. Copiah County chief investigator Milton Twiner told The Clarion-Ledger Hoffman was freed on $50,000 shortly after his arrest Nov. 29. Twiner said Hoffman allegedly been selling hay to farmers in […] [...]

Doctor wants separate trial in medical kickback case

OXFORD — A Batesville doctor wants a separate trial from two other defendants in a medical kickback scheme. The attorney for Dr. Robert Corkern filed the motion Dec. 1 in federal court in Oxford. A judge has not ruled on the motion. The case is set for trial Jan. 9. All three defendants have motions […] [...]

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