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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 ... “She submitted police reports on these folks’ behalf saying that the monies that were spent were fraud or stolen,” Herman ...
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.
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 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
On that day the SEC said that Stanford and his accomplices operated a "massive Ponzi scheme", misappropriated billions of dollars of investors' money and falsified the Stanford International Bank's records to hide their fraud. "Stanford International Bank's financial statements, including its investment income, are fictional," the SEC said. [5 ...
Thousands of people were tricked into joining an illegal pyramid scheme in Texas that targeted African-Americans and lost more than $10 million, according to federal authorities.. LaShonda Moore ...
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.