Tag: U.S. Postal Inspection Service
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BULLETIN: National Investment-Fraud Sweep Dubbed ‘Operation Broken Trust’ Nets 532 Defendants; AG Holder Says Capers Caused More Than $10 Billion In Losses; ‘Undercover Operations’ Part of Task Force Arsenal
U.S. Attorney General Eric Holder and members of President Obama’s Financial Fraud Enforcement Task Force said this morning that a nationwide sweep known as “Operation Broken Trust” has netted 343 criminal defendants and 189 civil defendants. Among the targets of the sweep were purveyors of Ponzi schemes, affinity fraud, prime bank/high-yield investment scams, foreign exchange…
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Feds Charge Robert Stinson Criminally On Heels Of SEC Lawsuit; Prosecutors Say ‘Life’s Good’ Operator Stole More Than $17 Million In Ponzi Scheme, Wired Money Even As FBI Was Conducting Raid
Even as the FBI was executing search warrants in the case of Life’s Good Inc. operator Robert Stinson Jr., Stinson was “wiring stolen funds out of Life’s Good bank accounts to other accounts,” federal prosecutors said. That act alone led to criminal charges of obstruction of justice. In a 26-count indictment in an alleged Ponzi…
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Man Who Posed As Fraud Investigator And Blew Up His Own Mailbox Convicted In Bizarre Bid To Extort Ponzi Scheme Victims To Pay Him For Information
A Washington state man has been convicted of nine federal felonies in a bizarre case in which he attempted to fleece Ponzi scheme victims by blowing up his own mailbox and taking guns and bomb-making components to Atlanta. Kevin W. Williams, 45, of Chehalis, was found guilty of three counts of wire fraud, extortion, possession…
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Prisoner Who Ran Scam From Florida Jail Sentenced To 21 Years In Federal Prison; Willoughby Farr of West Palm Beach Operated ‘Cramming’ Scheme
A Florida man who operated a long-distance billing scam from the West Palm Beach County Jail has been sentenced to 262 months in federal prison. Willoughby Farr, 46, used three Palm Beach companies to pull off the “cramming” scam in which consumers were billed for calls they did not make, prosecutors said. He also faces…