BUSINESS
April 24, 2012 | By Tiffany Hsu
Three Orange County residents are among six people charged with wire fraud related to an alleged real estate flipping scheme that bilked at least $4.2 million from more than three dozen victims, prosecutors said. Six people in all are accused of promising investors title to bank-owned homes that they claimed could be easily resold for a profit, according to the U.S. attorney's office in Los Angeles. The scheme lasted from mid-2009 through mid-2010 and targeted victims through seminars held online and in Irvine, Costa Mesa, Florida and Texas, according to the indictment.
CALIFORNIA | LOCAL
March 27, 2012 | By Andrew Blankstein and Paul Pringle, Los Angeles Times
One of six men indicted last week in the corruption scandal engulfing the Los Angeles Memorial Coliseum remains at large and has given no sign that he plans to surrender to face charges of embezzlement and conspiracy, prosecutors said Monday. Tony Estrada, a longtime janitorial contractor at the historic stadium, is accused of making $385,000 in illegal payments to former Coliseum General Manager Patrick Lynch, who was also charged in the indictment. Most of the money was deposited in a Miami bank account.
CALIFORNIA | LOCAL
March 24, 2012 | By Andrew Blankstein, Paul Pringle and Rong-Gong Lin II, Los Angeles Times
In a public corruption scandal that has tarred one of the city's most treasured landmarks, six men were charged Friday with bilking the Los Angeles Memorial Coliseum out of millions of dollars during a six-year spree of embezzlement, bribery and kickbacks. Among those named in a 29-count indictment were three former managers of the taxpayer-owned Coliseum and two of the nation's most prominent rave promoters, Insomniac Inc. Chief Executive Pasquale Rotella and Go Ventures Inc. head Reza Gerami.
BUSINESS
March 6, 2012 | By Nathan Olivarez-Giles and Wailin Wong
It took one simple mistake for Hector Xavier Monsegur, a hacker who goes by the name Sabu, to get caught by the FBI. That mistake led not only to his arrest but also to that of five other alleged hackers who, according to a grand jury indictment, have ties to high-profile underground groups online: LulzSec, AntiSec and Anonymous. The indictment filed in a U.S. District Court in New York ties the arrested men to online attacks against Sony, Fox, PBS, the Central Intelligence Agency, Visa, MasterCard and PayPal.
BUSINESS
March 6, 2012 | By Nathan Olivarez-Giles
This post has been corrected. See the note at the bottom for details. It took one simple mistake for Hector Xavier Monsegur, a hacker who goes by the name Sabu, to get caught by the FBI. On Tuesday, the world found out that Monsegur's mistake is sending ripples through the hacking community and into high-profile groups such as LulzSec, AntiSec and Anonymous. Six alleged hackers from those three prominent collectives have been charged in New York for executing a series of online attacks against the likes of Sony, Fox, PBS, Bethesda Softworks, the Central Intelligence Agency and a number of financial institutions such as Visa, MasterCard and PayPal.
BUSINESS
March 5, 2012 | By Stuart Pfeifer, Los Angeles Times
Here is a roundup of alleged cons, frauds and schemes to watch out for. Personalized T-shirts — The Better Business Bureau is warning that a company that sells made-to-order T-shirts has pocketed consumers' money without delivering the goods. The consumer group said it has received more than 100 complaints from consumers who said they paid Personally Yours for personalized T-shirts but did not receive them and could not get refunds. "When making online purchases, the best recourse consumers have is to pay by credit card," said Robert Crockett, chief executive of the BBB serving Southern Nevada.