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Channel: White Collar Crime Category Archives — Justia U.S. 7th Circuit Court of Appeals Opinion Summaries Daily Opinion Summaries for the U.S. 7th Circuit Court of Appeals by Justia
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Peterson v. Lesser

Bell established mutual funds, raised $2.5 billion, and invested in vehicles managed by Petters, who said that he was financing Costco’s electronics inventory. Instead he was running a Ponzi scheme,...

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United States v. Warner

Defendant, the billionaire creator of Beanie Babies, pled guilty to one count of tax evasion after hiding assets in a Swiss bank account, made full restitution, and paid a $53.6 million civil penalty....

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United States v. Blagojevich

Before the 2008 presidential election, federal agents were investigating then-Governor Blagojevich and obtained warrants authorizing the interception of his phone calls. When Barack Obama, then a...

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United States v. McClellan

McClellan operated T&M Daycare. Nearly all of its clients participated in an Illinois program that reimbursed daycare centers. To qualify, a parent or guardian had to reside in Illinois, be...

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Sec. & Eexch. Comm’n v. Yang

Just before investing in Zhongpin on behalf of Prestige, Yang, a Chinese citizen employed at a U.S. investment firm, purchased Zhongpin shares and option contracts for himself. Yang was Prestige’s only...

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United States v. Black

Black repeatedly tried to pay off a more than $5 million tax debt with checks drawn on checking accounts that he knew were closed to prevent the IRS from collecting taxes from him. A jury convicted...

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United States v. Pust

Pust and Anderson ran a $10 million Ponzi scheme for over two years getting clients to invest in a phony low-income housing investment program in the Chicago area. Anderson pled guilty, but Pust...

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United States v. Mullins

Beginning in 2008 Mullins served as Cook County’s Director of Public Affairs and Communications. At that time, contracts requiring the county to spend $25,000 or more had to be approved by its Board of...

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United States v. Latin

Anzaldi, DeSalvo, and Latin concocted an $8 million fraudulent tax scheme based on a sovereign citizen-type theory that the U.S. government holds hidden bank accounts for its citizens that can be...

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United States v. Clarke

In 2009, Clarke submitted 2006-2008 tax returns for a trust, each claiming $900,000 in income and $900,000 in fiduciary fees; they did not identify the income’s source. Each reported $300,000 of tax...

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Brandt v. Horseshoe Hammond, LLC

In 1997, Player and his wife established EAR, purportedly to refurbish high-tech machinery . In 2005-2009, EAR defrauded creditors and the couple obtained $17 million in fraudulent transfers from EAR....

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United States v. Faruki

Faruki, a computer technology consultant, met Tishfield in 2006 while Tishfield was working as a portfolio manager at SAC Capital, a Connecticut-based hedge fund. In 2010, Faruki informed Tishfield...

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United States v. Ferrell

A jury found Ferrell, a licensed psychologist, and Bryce, Ferrell’s employee, guilty of six counts of healthcare fraud, 18 U.S.C. 1347. Ferrell was sentenced to 88 months of imprisonment. The Seventh...

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United States v. Harper

Defendant pleaded guilty to fraud consisting of having abused her position as a Chicago public-school board member by accepting kickbacks of more than $500,000 from bus companies to which she steered...

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United States v. Ajayi

Ajayi, an electrical engineer, wanted to start a business selling MRI products in Africa. He incorporated GRI in Illinois and another company in Africa and sought investors. While traveling, he...

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United States v. Segal

Segal, a lawyer, CPA, and insurance broker, and his company, were indicted for racketeering, mail and wire fraud, making false statements, embezzlement, and conspiring to interfere with operations of...

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United States v. Trudeau

Trudeau “spent his career hawking miracle cures and self-improvement systems of dubious efficacy.” The FTC sued him under consumer-protection laws. Trudeau entered a consent decree, promising not to...

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United States v. Pu

Pu, a 28-year-old quantitative finance professional, worked for two financial institutions that traded stock and other assets for clients: “A” and Citadel. While working at each company, Pu copied...

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White v. Keely

NBI honored White’s check, resulting in an overdraft of his payroll account of $382,000. Unable to recover the money, NBI closed White’s accounts and obtained a judgment in Indiana state court. White...

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United States v. Malone

Defendant pled guilty to mail fraud and aggravated identity theft pursuant to a written plea agreement. Defendant's conviction stemmed from his multi‐year scheme to fraudulently obtain and use credit...

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