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,...
View ArticleUnited 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....
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleSec. & 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleBrandt 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....
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleUnited 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...
View ArticleWhite 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...
View ArticleUnited 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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