Archive for April 12th, 2011

JUSTICE DEPARTMENT OFFICIAL: ‘Massive Proceeds’ From Online Crime And Unknown Destinations Of Money Pose Security Risk That ‘Cannot Be Ignored’

JUSTICE DEPARTMENT OFFICIAL: 'Massive Proceeds' From Online Crime And Unknown Destinations Of Money Pose Security Risk That 'Cannot Be Ignored'

In testimony today, Deputy Assistant Attorney General Jason Weinstein told members of the Senate Judiciary Subcommittee on Crime and Terrorism that cybercriminals are posing “ongoing threats” to the U.S. information and financial infrastructure. The threats are posed by “nation-states, criminals, and terrorists who exploit our pervasive dependency on information technology to misappropriate or destroy information, […]

‘Bo’ Beckman’s 11-Room Florida Ponzi Palace Has Screened-In, Heated Pool, Spa, ‘Summer Kitchen,’ Game Room, View Of Golf Course And Two Garages, Appraiser’s Report Says

'Bo' Beckman's 11-Room Florida Ponzi Palace Has Screened-In, Heated Pool, Spa, 'Summer Kitchen,' Game Room, View Of Golf Course And Two Garages, Appraiser's Report Says

As alleged Ponzi palaces go, Jason ‘Bo’ Alan Beckman’s Florida property is hardly the gaudiest. Even so, the 11-room home in Palm City has features and amenities many Americans only dream about. But one group of Americans — victims of the Trevor Cook Ponzi scheme — are likely only to have only bad dreams about […]

BULLETIN: Steven Byers, Figure In $255 Million WexTrust Ponzi And Fraud Scheme, Sentenced To More Than 13 Years In Federal Prison

BULLETIN: Steven Byers, Figure In $255 Million WexTrust Ponzi And Fraud Scheme, Sentenced To More Than 13 Years In Federal Prison

BULLETIN: UPDATED 8:48 A.M. EDT (U.S.A.) Steven Byers, the president and chief executive officer of WexTrust Capital LLC, has been sentenced to 160 months in federal prison for his role in an alleged $255 million Ponzi and fraud scheme that cost investors millions of dollars. Byers, 48, of Oakbrook, Ill., was sentenced by Judge Denny […]