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Bilking

CALIFORNIA | LOCAL
November 10, 1992
Criminal charges were filed Monday against four people accused of swindling the Los Angeles Housing Authority out of $44,500 in rent subsidies, the city attorney's office said. Deputy City Atty. Ellen Friedmann said complaints were filed in Los Angeles Municipal Court against Saundra Denise Towns, 44, of Mesa, Ariz., Mary Lee Carter, 47, of Vallejo, and Odessa Wilkes, 24, and Bernadette Ransom, 45, both of Los Angeles.
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CALIFORNIA | LOCAL
October 4, 1988
A former Mission Viejo man, described by a prosecutor as a money-hungry shark who led "a feeding frenzy over the life savings of hundreds of hard-working Americans," was sentenced Monday to 25 years in prison by a federal judge in Los Angeles. Joel Fisch, 58, whose precious metals trading firm operated in 1983 and 1984 under the name First Trading Group, was convicted of swindling about 2,000 U.S. and Canadian investors out of about $8.6 million. Assistant U.S. Atty. Leon W. Weidman told U.S.
BUSINESS
October 30, 1998 | PATRICE APODACA, TIMES STAFF WRITER
A Laguna Niguel man has been arrested on charges of defrauding elderly Orange County residents out of more than $10 million and is due to be arraigned Monday in U.S. District Court in Santa Ana. Lance Van Alstyne, 31, is accused of running what federal prosecutors call a "classic Ponzi scheme" from April 1992 through December 1994 that involved promising certain rates of income to investors in "relatively worthless" oil and gas partnerships.
NEWS
September 20, 1988 | RONALD L. SOBLE, Times Staff Writer
A former executive for Rockwell International Corp. pleaded guilty Monday to charges that he schemed to double-bill the Air Force by nearly $450,000 on contracts for a satellite navigational system. Robert L. Zavodnik, 46, of Fountain Valley, a former material subcontractor manager at Rockwell's space division in Seal Beach, pleaded guilty to one count of conspiracy to make false statements and one count of making false statements.
CALIFORNIA | LOCAL
October 11, 1989 | DARRELL DAWSEY and EDMUND NEWTON, TIMES STAFF WRITERS
A Los Angeles criminal defense attorney killed in his office was facing allegations of embezzling money from a former law firm and misappropriating clients' fees, court records showed Tuesday, but investigators said they are unsure if there is any connection between the accusations and the slaying. Nathan Arnold Richardson, 34, was gunned down about 12:15 p.m. Monday in the lobby of his office at 5455 Wilshire Blvd.
BUSINESS
February 13, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
A Los Angeles man used credit checks, a chain of post office boxes and some quick research on vacant lots in San Clemente and elsewhere to bilk two home loan companies out of $613,000, a federal prosecutor said Monday. Robert Fine Jr., 33, pleaded guilty last week in U.S. District Court to fraud and using phony names in connection with the scam. He faces up to 10 years in prison and $500,000 in fines at a scheduled sentencing April 16, Assistant U.S. Atty. Stephen A. Mansfield said.
NEWS
May 12, 1988 | LAURIE BECKLUND, Times Staff Writer
A federal grand jury has indicted six people in a bank fraud scheme that allegedly netted $20 million--10 times that taken annually in all Los Angeles bank robberies--in one of the largest such cases ever prosecuted in the United States, prosecutors announced Wednesday. The indictment charges the six--principally Kimball D. Richards, 32, of Santa Fe Springs--with a total of 39 counts of mail and wire fraud stemming from the operation of a recording studio owned by Richards.
NEWS
January 27, 1988 | KIM MURPHY, Times Staff Writer
Rockwell International Corp. and two of its former managers were indicted Tuesday on charges of double-billing the Air Force by nearly $450,000 on contracts for a sophisticated satellite navigational system. The 25-count Los Angeles federal grand jury indictment accuses the giant aerospace firm of obtaining secret reimbursement for unexpected repair costs on the $1.2-billion NAVSTAR global positioning project from a subcontractor, and then billing the U.S.
CALIFORNIA | LOCAL
April 10, 1992 | CHARISSE JONES, TIMES STAFF WRITER
The Los Angeles Unified School District allegedly was duped out of hundreds of thousands of dollars by an independent study service that charged the district for students who were not enrolled and instructors who did not exist, according to court records. The California attorney general's office served a search warrant Tuesday on The Institute for Successful Living Inc.
BUSINESS
August 28, 1987 | CHRIS KRAUL, San Diego County Business Editor
The law firm of Wiles, Circuit & Tremblay and Michael A. Clark, a former partner in the firm, were found by a San Diego County Superior Court judge Thursday to have aided and abetted convicted swindler J. David Dominelli's fraudulent investment operation, which bilked investors out of $83 million. The La Jolla law firm and Clark were also found to have been professionally negligent.
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