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Ten doctors, two pharmaceutical executives and two businesses have been indicted in a scheme to bribe doctors for prescriptions, U.S. Attorney for the Northern District of Texas Leigha Simonton ...
The scheme erased more than $3.3 million worth of debts, Texas authorities said. Woman fakes 133 police reports to erase millions in debts, Texas cops say Skip to main content
The bank shared its suspicion with U.K. regulators that Madoff was running a Ponzi scheme but failed to mention it to regulators in the United States. Over the next six years, JPMorgan Chase would admit to three more criminal felony counts while keeping the same Chairman and CEO, Jamie Dimon, in place. (ref 1.1) Louisiana Pacific
Peregrine Systems [8] [10] corporate executives convicted of accounting fraud; Phar-Mor [8] company lied to shareholders. CEO was eventually sentenced to prison for fraud and the company eventually became bankrupt; Qwest Communications [10] RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in ...
The Ponzi scheme robbed investors of more than $3 million between Feb. 9, 2009 to May 14, 2020, a federal indictment states. There were at least 30 investors defrauded in the scheme.
This type of "creative accounting" can amount to fraud, and investigations are typically launched by government oversight agencies, such as the Securities and Exchange Commission (SEC) in the United States. Employees who commit accounting fraud at the request of their employers are subject to personal criminal prosecution.
The alleged fraud schemes operated by Thrash stole between $5,000 to $100,000 from dozens of investors, a federal indictment states. Thrash claims partnership with former MLB player Pete Rose
Thomas Petters, American masquerading as a business man who turned out to be a con man; former CEO and chairman of Petters Group Worldwide; [45] resigned his position as CEO in 2008 amid mounting criminal investigations; [46] later convicted for turning Petters Group Worldwide into a $3.65 billion Ponzi scheme; [47] sentenced to 50 years in ...