August 5, 1991 |
DIVINE INTERVENTION: The latest in scam tactics? Praying for prey. . . . Costa Mesa con artist Robert J. Corsaut hired two spiritual advisers who "prayed for the success of the scam," revealed prosecutor John Walsh. "Both said it was the best job they ever had." . . . But, says Walsh, the intercessors were "totally ineffective." Corsaut was convicted; investors lost $1.3 million.
July 12, 1989 |
The Securities and Exchange Commission filed civil fraud charges Tuesday against a Costa Mesa investment firm that allegedly bilked more than 35 investors out of $1.4 million over a period of 18 months. The complaint charges that Alpha Trust and its two trustees--Robert J. Corsaut and Omega Management Network Inc.--sold unregistered securities to investors, promised a high rate of return through conservative investments and then pocketed or misspent the bulk of the money.
December 23, 1990 |
She went from princess to prisoner in 1990. Janet Faye McKinzie spent much of the last decade living in luxury--driving a Rolls-Royce, wearing $1,000 cocktail dresses and hiring the likes of Sammy Davis Jr. to sing at lavish private parties. Nowadays, she is awakened every morning at 6 a.m. and sent to the showers.