Trial Update: Trial of Allen Stanford of Stanford Financial Group begins

The trial of R. Allen Stanford, a money manager and chairman of the now defunct Stanford Financial Group, began on Monday, January 23, 2012.  Stanford has been accused of running a $7.2 billion Ponzi scheme after being arrested in 2009 in Virginia.  As with most fraudulent Ponzi schemes, Stanford ...
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Con Artist Awaits a Reduced Sentence for his Help in FBI Investigation of Google, Inc.

David Whitaker, 36, is awaiting sentencing on December 2nd this year, a sentence that prosecutors have asked to be reduced to the lowest possible point thanks to the criminal’s part in a recent FBI investigation. Whitaker, having already served 3 prison sentences, was looking down the barrel of a ...
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JPMorgan Attempts to Have $19 Billion Lawsuit Stemming From Madoff Scandal Thrown Out

JPMorgan Chase & Co. recently asked a judge to toss out a $19 billion lawsuit filed against it by Irving Picard, the trustee responsible for recovering funds from the Madoff investment scandal.  In support of its request, JPMorgan cited to a recent ruling in which U.S. District Judge Ratner thr...
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Insider Trading Crackdown against Father and Son Duo

The newest “victims” of the government’s crackdown on insider trading: are father and son  H. Clayton Peterson, 65 and Drew Peterson, 35.  The pair from Denver pled guilty last week, each to one count of securities fraud and one count of conspiracy to commit securities fraud. Clayton Peterso...
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Trial begins in $30 million Tax Fraud Scheme

The trial of two former accountants began last week in Tampa, Florida.  George B. Calvert and Gregory F. Guido, both Florida natives, are alleged to have masterminded an energy tax credit scheme that defrauded the Internal Revenue Service of more than $30 million. The case revolves around an IRS pr...
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