Tag: Southern District of New York

May 11, 2021

Former Live Well CEO Convicted in $200 Million Bond Fraud

Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’

Pensions April 29, 2021

Andrew Franzone allegedly used misappropriated funds to buy an airplane hangar for his race car collection.

Pensions April 29, 2021

Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.

Risk March 19, 2021

Zuirch-based 271-year-old private bank Rahn+Bodmer will pay $22 million to settle charges it defrauded the IRS.

Risk March 15, 2021

Sohrab ‘Sam’ Sharma was also ordered to forfeit more than $36 million.

Risk March 12, 2021

Former software firm founder could spend the rest of his life behind bars if convicted.

February 24, 2021

Derek Jones has been charged with wire fraud and identity theft in an allegedly multimillion dollar scam.

Risk February 10, 2021

Stefan Qin, 24, allegedly drained the $90 million fund for ‘indulgences and speculative personal investments.’

Regulation February 9, 2021

Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.

February 4, 2021

International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.

Risk February 3, 2021

Jeremy Spence, aka ‘Coin Signals,’ allegedly claimed to have made a 148% return in one month when he actually lost money.

Risk January 15, 2021

David Wagner solicited nearly $10 million and used investor funds to buy a Porsche and pay earlier investors.

Risk January 8, 2021

Stefan Qin allegedly lied to investors about Virgil Sigma Fund’s strategy, assets, and financial condition.

December 31, 2020

Eric Whitehead, of Grant’s Interest Rate Observer, faces 20 years in prison for using company assets to pay for personal expenses.

Risk December 16, 2020

James Barbera allegedly told investors that his firm had a NASA-developed breathalyzer that could detect cancer and narcotics.