Jason Michael Collins is free on a $50,000 bond after being charged with 15 felony counts

Jason Michael Collins is free on a $50,000 bond after being charged with 15 felony counts. The 31-year-old faces a preliminary hearing April 22 in Schoolcraft County District Court. State Police say the investigation began when two local residents told Newberry police in August 2006 that they had lost about $300,000 as members of an investment club run by Collins. According to court records cited by The Mining Journal of Marquette, Detective Sgt. Gregory Cunningham says a friend in Ohio and two sons of one of the original complainants -- including...

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Indicted 68-year-old Thom Randle on charges of mail fraud, computer fraud and money laundering.

A Chico man has been indicted on charges he stole nearly $700,000 from a Catholic charity where he served on the board of directors. A federal grand jury in Sacramento on Thursday indicted 68-year-old Thom Randle on charges of mail fraud, computer fraud and money laundering. Prosecutors say Randle embezzled $693,000 from the Columbian Retirement Home by transferring the charity's funds to his own accounts between September 2004 and September 2005. The nonprofit retirement facility is operated by the Knights of Columbus. Randle was the charity's...

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€10 million in VAT refunds are being held back because of the major investigation into fraud at the VAT office

€10 million in VAT refunds are being held back because of the major investigation into fraud at the VAT office, The Sunday Times reports today.Sources said the investigation had so far revealed that a web of criminals, acting as middlemen, were receiving the lion’s share of a three-way scam involving VAT department staff and businessmen.It is understood that one individual told investigators that he had been involved in the fraudulent practice for a number of years, though it appears that for others the period can be measured in months. It is still...

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Israeli fraud investigators Tuesday questioned Foreign Minister Avigdor Lieberman for a third time regarding a long-standing probe

Israeli fraud investigators Tuesday questioned Foreign Minister Avigdor Lieberman for a third time regarding a long-standing probe over business dealings, a police spokesman said.Avigdor Lieberman attended his first Cabinet meeting on April 5.For five hours, investigators asked Lieberman about suspicions of money laundering, fraud and breach of trust in a corruption investigation that dates back several years, police spokesman Mickey Rosenfeld said.Lieberman was also questioned by the Israeli National Fraud Investigation Unit for several hours...

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Rick Shumway brokered mortgages for mobile homes. He rarely, if ever, met his customers. Few of his victims even remember his name.

Rick Shumway brokered mortgages for mobile homes. He rarely, if ever, met his customers. Few of his victims even remember his name. Shumway got his customers to borrow more than they needed, then skimmed money off the top of their mortgages and put it in his pocket, federal prosecutors said. The tally of his handiwork: 200 people were taken for more than $900,000, prosecutors say. Shumway also owes a bank more than $500,000. But the fallout is more than that. More than 100 of his loans went through National City Mortgage in Ohio, a division of...

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Chris Devine is accused of defrauding nearly 70 million dollars from businessman C. Robert Allen.

The operator of the Salt Lake City marathon is facing accusations of fraud, just one week before the big race in downtown Salt Lake. According to a report in today's Salt Lake Tribune, 55-year-old Chris Devine is accused of defrauding nearly 70 million dollars from businessman C. Robert Allen. The lawsuit was filed in New York City. Devine is also battling accusations from athletes, marathon vendors, and business associates of failing to pay bills and race winnings on time.No criminal charges have been filed and Devine claims he's a victim of bad...

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indicted 24 people 10-block stretch of the neighborhood in Spring Valley contains at least 14 of the 220 houses that were subjected to foreclosure

Federal prosecutors indicted 24 people in a massive mortgage fraud scheme that they said was led in part by a gang member from San Diego and netted participants $11 million in profits. In an indictment unsealed yesterday, prosecutors laid out a wide-ranging racketeering conspiracy that ran from 2005 to 2008 and targeted homes across the county. Among the identified leaders was Darnell Bell, a documented member of the Lincoln Park street gang. Bell, 38, used his status in the gang to recruit other members for the scheme and "maintain discipline,"...

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Tech Mahindra Ltd, the technology arm of India's Mahindra Group, placed a successful bid for controlling equity in fraud-hit Satyam Computer Services

Tech Mahindra Ltd, the technology arm of India's Mahindra Group, placed a successful bid for controlling equity in fraud-hit information technology firm Satyam Computer Services Ltd on Monday, news reports said. Tech Mahindra outbid Larsen and Toubro Ltd, which already owns 12 per cent equity in Satyam, and Nasdaq-listed technology company Cognizant, which was backed by US-based private equity investor Wilbur Ross, NDTV Profit television channel reported quoting company sources. Satyam's new board of directors, appointed by the government after...

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Lin Castre Gosman, the wife of former health care magnate Abe Gosman, on Friday pleaded guilty to several fraud-related charges

Lin Castre Gosman, the wife of former health care magnate Abe Gosman, on Friday pleaded guilty to several fraud-related charges in connection with the couple’s high-profile bankruptcy case.Gosman, 60, was charged with lying about the whereabouts of jewelry, artwork and furniture she stashed in a public storage facility. The former Palm Beach socialite also admitted to mortgage fraud for failing to disclose in 2005 a $66 million judgment against her when she tried to get a second $350,000 mortgage on a home in Jupiter.Gosman was indicted in November...

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RAIDED:Geneva offices of currency trading company ACM and seize documents, a computer and other evidence in a suspected financial fraud case.

Squad of 28 police officers raid the downtown Geneva offices of currency trading company ACM and seize documents, a computer and other evidence in a suspected financial fraud case. Swisster discovers the unprecedented affair, being directed by an inspector and detective for the cantonal force’s financial fraud brigade, may take weeks to unravel and has involved the questioning of top officials from the company, who are refusing to comme...

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Convicted William Gallion and Shirley Cunningham, Jr.--two of the three plaintiffs lawyers accused of scamming 440 Kentuckian fen-phen plaintiffs

federal district court jury in Frankfurt convicted William Gallion and Shirley Cunningham, Jr.--two of the three plaintiffs lawyers accused of scamming 440 Kentuckian fen-phen plaintiffs--on nine counts, including wire fraud and conspiracy.The conviction followed a seven-week trial, which featured testimony from Chelsey, who appeared under an immunity agreement with prosecutors. According to a story in the Louisville Courier-Journal, assistant U.S....

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Hayim Regensberg guilty Friday of securities fraud and wire fraud. The 44-year-old faces up to 20 years in prison on each of nine counts.

Federal prosecutors say a Manhattan investment adviser has been convicted of bilking clients of more than $11 million, partly through a Ponzi scheme.A jury found Hayim Regensberg guilty Friday of securities fraud and wire fraud. The 44-year-old faces up to 20 years in prison on each of nine counts.His lawyer didn't immediately respond to telephone and e-mail messages Friday evening.Prosecutors say that from 2004 to 2007, Regensberg made risky investments with his clients' money but told them he invested in other, safer investments.They say he also...

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