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 of [...] [...]
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 snatched [...] [...]
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, quarterback [...] [...]
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 about losing [...] [...]
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 some [...] [...]
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 available on [...] [...]
by Associated Press Published: December 12,2011
Tags: county government, courts, disaster, disaster recovery, federal government, hurricanes, natural disaster, plea, scam, scheme, severe weather, tropical weather, Weather
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 awarded [...] [...]
by Associated Press Published: December 9,2011
Tags: agriculture, cattlemen, courts, farmers, farms, hay, law enforcement, ranchers, ranches, scam, scheme
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 Texas through [...] [...]
ACROSS MISSISSIPPI — Attorney General Jim Hood is warning consumers of a scam that appears to be surfacing in Mississippi.
The scam being recently reported to the Attorney General’s Office is a combination of the long-existing “emergency” and “phone spoofing” scams. In the emergency scam, the caller leads you to believe that there is some existing [...] [...]
by Associated Press Published: December 6,2011
Tags: courts, doctors, fraud, health, healthcare, hospitals, kickbacks, medicine, physicians, scam, scheme
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 pending to [...] [...]
Loading ...