Tag Archives: Scheme

eDiscovery Trends: Madoff Ponzi Scheme Case Documents May Be Turned Over to eData Rooms and Special Masters

The trustee responsible for coordinating the recovery of assets and data involved in Bernard L. ("Bernie") Madoff's $65 billion Ponzi fraud investigation is presently seeking to secure special masters and create an "eData room" to ensure that the enormous volume … Continue reading

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Financial Claims Scheme deposit protection limit reduced

The Treasurer has announced a reduced, permanent cap for the government guarantee for deposits in Australian credit unions, building societies and banks of $250,000 per person per institution (down from $1 million) in the event that a bank, building society … Continue reading

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SEC accuses Florida pair of $22 million Ponzi scheme

SEC accuses Florida pair of $22 million Ponzi scheme The SEC announced today that it has charged James Davis Risher and Daniel Joseph Sebastian with operating a Ponzi scheme through their private equity fund. The Florida firm allegedly took more … Continue reading

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Pastor caught in forex Ponzi scheme

Pastor caught in forex Ponzi scheme The CFTC announced that Jeremiah C. Yancy and his company Longbranch Group International have been ordered to pay $2 million in restitution and civil monetary penalties. A federal court in Texas has found that … Continue reading

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Man Admits Straw Buyer Scheme and Tax Fraud

Deangelo Wade, 40, Plymouth, Michigan, pleaded guilty to mortgage fraud and filing a false tax return. According to court records, beginning in 2004, Wade used straw buyers in conducting real estate transactions. These straw buyers used false information to obtain … Continue reading

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