From the Des Moines Register | In addition to a 27-year prison sentence, U.S. District Judge Linda Reade will order Agriprocessors Inc. founder Sholom Rubashkin to pay $18.5 million to First Bank Business Capital, the plant’s largest lender; $8.3 million to MB Financial Bank, another lender; and $3,800 to Waverly Sales Inc. in a sweeping financial fraud to defraud banks
Filed under: Crime
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June 23, 2010 at 8:55 a.m.
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Filed under: Agriculture/Farming, Banking, Fraud, Litigation MB Financial to get $8.3M in fraud case
Global credit card scam leads to 178 arrests
By The Problem Solver | Following a two-year investigation of a global credit card scam initiated in Spain, police in 14 countries have arrested 178 people who were suspected of cloning credit cards.
Get the full story: Global credit card scam leads to 178 arrests.
Illinois AG warns about Medicare rebate scam
Associated Press | Seniors on Medicare should be aware that con
artists may try to trick them into providing personal information to
get a rebate check. Don’t fall for it. That’s the warning Wednesday
from Illinois Attorney General Lisa Madigan.
BofA’s Countrywide settles with FTC for $108M
Reuters | Bank of America Corp has agreed to pay $108 million to settle government charges that its Countrywide unit, the mortgage lender that became synonymous with risky lending practices, bilked borrowers with misleading and excessive fees.
The Federal Trade Commission said two Countrywide mortgage servicing units deceived cash-strapped homeowners by overcharging them by hundreds or thousands of dollars, sometimes when they were already in bankruptcy.
Roller derby MVP admits to defrauding United
Associated Press | An Ohio roller derby skater who used the team name “Sadistic Sadie” has admitted in federal court to illegally obtaining more than $400,000 in airline tickets while working for United Airlines. Mercedes Stafford, 34, of Cincinnati pleaded guilty to wire fraud Tuesday in U.S. District Court in Covington, Ky., according to court documents.
Ousted Teamster boss settles contempt charges
William Hogan Jr. in a 1996 file photo. (Nancy Stone/Tribune)
By Ameet Sachdev |
William Hogan Jr., once Chicago’s most powerful Teamster, has reached a
settlement with federal prosecutors in New York to resolve criminal
contempt charges against him.
In 2007, Hogan was charged with contempt for, effectively, refusing to
stop associating with members of the union, from which he was expelled in 2002.
The charge was later amended to include an alleged violation arising
from Hogan’s 2007 employment by a business employing Teamster members.
Celebrity financial adviser arrested for fraud
Associated Press | A financial adviser to celebrities including
Wesley Snipes and Sylvester Stallone was arrested Thursday on charges
that he carried out a $30 million fraud on his clients, using some of
their money to purchase a lavish Manhattan apartment. Kenneth Starr,
65, of Manhattan was charged with wire fraud, investment adviser fraud
and money laundering and was awaiting an initial court appearance in
federal court in Manhattan.
Appeals court to hear Conrad Black libel cases
From the Winnipeg Free Press | Lawyers for Conrad Black will appear in an Ontario, Canada appeals court today to argue that six libel lawsuits should proceed allowing him to refute statements published on the Sun-Times Media Inc. website about his use of Hollinger shareholder money. One document listed in the suit was a 2004 report from a special committee of Hollinger International that said Black “looted” the company and that he ran a “corporate kleptocracy.”
Get the full story: winnipegfreepress.com
New charges in tomato price-fixing case
By P.J. Huffstutter | Federal authorities filed new charges in their case against tomato scion Frederick Scott Salyer, alleging a wider conspiracy that set inflated prices for tomato products.
The indictment charged Salyer, who had been head of agribusiness giant SK Foods, with five new felony counts. It alleged that he conspired with others to fix prices or rig bids on products sold to three of the company’s customers — McCain Foods USA, ConAgra Foods Inc. and Kraft Foods Inc.
Get the full story: New charges in tomato price-fixing case.
Divorce lawyer charged with writing bad checks
By Ameet Sachdev |
A Chicago area lawyer who handles primarily divorce cases has been
charged with writing $50,000 in bad checks, Cook County authorities said
Wednesday.
Michael Skoubis, 48, of Des Plaines, turned himself in Saturday to the
Cook County Sheriff’s office, which had received a complaint last month
from a business associate of Skoubis. The lawyer allegedly wrote three
checks to this associate in 2009 that were returned because the bank
account that had been closed the year before.
Commodities trader faces wire fraud, other charges
By Wailin Wong |
A Memphis-area former trader is facing federal fraud charges for
allegedly carrying out massive rogue bets in Chicago’s wheat markets
that generated a $141 million loss to his firm, New York-based MF
Global.
A federal grand jury returned an 18-count indictment against
42-year-old Evan Brent Dooley on Tuesday, U.S. Attorney Patrick
Fitzgerald announced today in a statement. Dooley, whose residence is
in Mississippi, was charged with 16 counts of wire fraud and two counts
of violating limits on speculative positions established by the
Commodities Exchange Act.
April 23, 2010 at 7:27 p.m.
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