September 10, 1994 |
A local man who bilked 125 investors out of $11 million signed an agreement Friday prohibiting him from future violations of securities laws. Richard Carl Huitt, 41, had already been sentenced to eight years in prison after pleading guilty to fraud in connection with a bogus second trust deed sales program. He was also ordered to pay $8.7 million in restitution.
July 2, 1999 |
A 72-year-old Irvine man has admitted to being one of the masterminds behind a scheme, tied to oil well investments, that bilked more than 200 people out of a total of $5 million, the Orange County district attorney's office said Thursday. Sidney Binder, who owns several oil wells in Texas and Oklahoma, pleaded guilty to selling unregistered securities. He faces up to two years in prison when he is sentenced on Aug. 27 in Orange County Superior Court, according to Deputy Dist. Atty.
CALIFORNIA | LOCAL
October 22, 1993 |
Authorities on Thursday arrested a Newport Beach real estate investment executive who along with a partner allegedly netted about $9 million in one of the county's largest business scams, prosecutors said. Police arrested David James Cook, 49, shortly before noon Thursday in San Luis Obispo in connection with a warrant issued Monday when the Orange County Grand Jury indicted him on 13 counts of grand theft.
November 10, 1996 |
Prosecutors in four California counties are using millions of dollars from a recent state law to fight real estate fraud, and more plan to take advantage of the statute. Orange County, however, isn't one of them. The county could pick up as much as $600,000 under the law, which allows county supervisors to tack a $2 fee on most real estate documents filed with local recorder's offices. The proceeds are strictly dedicated for combating real estate fraud.
May 13, 1995
Sorry, Larry Stewart, but Jim Thorpe's accomplishments do not pale in comparison with current standards (Morning Briefing, May 1). Your denigrating remarks are an insult to American history. Remember (no, you wouldn't), for running events, no starting blocks, no artificial composition surfaces. For pole vault, a stiff bamboo pole--no spring-loaded catapult. In the weights, technique was a couple of jumps, a couple of hops--no swirling centrifugal force thrust.
November 27, 1997 |
Former Huntington Beach developer Harold E. Tobin consented to a $3.75-million judgment in a securities fraud lawsuit, federal regulators said Wednesday. But he won't be paying any money back. The repayment was waived based on sworn statements that Tobin, 57, now of Rancho Mirage, is broke, according to the Securities and Exchange Commission, which brought the lawsuit. The judgment, however, orders him not to violate securities registration and anti-fraud provisions of securities laws.