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Sherman Mazur

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BUSINESS
March 25, 2014 | By Stuart Pfeifer
Federal prosecutors in Los Angeles dismissed criminal charges against nine people in a $30-million stock-manipulation case after concluding that misstatements in obtaining court approval for key wiretap recordings made the evidence unusable at trial. The dismissals were an embarrassing setback for prosecutors who were bursting with pride last year when they announced the indictments, the result of a three-year investigation. U.S. Atty. Andre Birotte Jr. said investigators had relied heavily on wiretap evidence, which is rarely used in white-collar cases.
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BUSINESS
March 25, 2014 | By Stuart Pfeifer
Federal prosecutors in Los Angeles dismissed criminal charges against nine people in a $30-million stock-manipulation case after concluding that misstatements in obtaining court approval for key wiretap recordings made the evidence unusable at trial. The dismissals were an embarrassing setback for prosecutors who were bursting with pride last year when they announced the indictments, the result of a three-year investigation. U.S. Atty. Andre Birotte Jr. said investigators had relied heavily on wiretap evidence, which is rarely used in white-collar cases.
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BUSINESS
July 9, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
Sherman Mazur, a onetime real estate whiz accused of engineering one of the biggest tax fraud cases in recent years, pleaded guilty to seven counts of tax and bankruptcy fraud, the U.S. attorney's office in Los Angeles said Thursday. The government's case centered around allegations that Mazur, 43, supported a lavish lifestyle by diverting cash to himself from some of the 200 real estate partnerships he ran--many of which were in bankruptcy.
BUSINESS
February 14, 2013 | By Stuart Pfeifer
Federal agents arrested 14 people - including a former deputy district attorney - for allegedly running a stock manipulation scheme from Southern California that cost investors more than $30 million. Authorities said the scheme involved the heavy promotion of worthless stocks, which the perpetrators later sold for huge profits in a classic “pump-and-dump” scheme. One of the stocks - for a company called frogads.com - was promoted in an infomercial by actress Pamela Anderson.
BUSINESS
November 23, 1991 | From Times Staff and Wire Reports
Mazur Bankruptcy Settlement: A federal bankruptcy court judge has approved an agreement whereby Los Angeles investor Sherman Mazur will pay $3.86 million to his former real estate company, American Resource Corp., to settle civil fraud charges. American Resource is being liquidated by bankruptcy court trustee Ronald L. Durkin, who filed the civil charges. The complaint alleged that Mazur and his affiliates ruined ARC through mismanagement and fraud.
BUSINESS
April 24, 1989 | JAMES BATES, Times Staff Writer
A group of creditors that includes well-known real estate expert Stephen E. Roulac is petitioning the U.S. Bankruptcy Court in Los Angeles to liquidate American Resource Corp., a Century City firm that Roulac once touted as one of the nation's rising stars in real estate. American Resource is headed by Sherman Mazur, 40, a Holmby Hills resident who is prominent in Los Angeles social and charity circles. Mazur built his reputation as a so-called real estate workout specialist who takes control of financially troubled offices and apartments, trims property management costs and whips the properties into shape financially for investors.
BUSINESS
September 3, 1992 | JAMES BATES, TIMES STAFF WRITER
A federal grand jury on Wednesday added five counts of tax fraud and 24 counts of bankruptcy fraud to criminal charges returned last December against Los Angeles real estate investor Sherman Mazur. The new counts include allegations of a $5.6-million tax fraud, making the Mazur case one of the biggest tax fraud cases in the country, even larger than such celebrated recent cases as the one involving former New York hotel executive Leona Helmsley.
BUSINESS
February 14, 2013 | By Stuart Pfeifer
Federal agents arrested 14 people - including a former deputy district attorney - for allegedly running a stock manipulation scheme from Southern California that cost investors more than $30 million. Authorities said the scheme involved the heavy promotion of worthless stocks, which the perpetrators later sold for huge profits in a classic “pump-and-dump” scheme. One of the stocks - for a company called frogads.com - was promoted in an infomercial by actress Pamela Anderson.
BUSINESS
March 24, 1988 | JAMES BATES, Times Staff Writer
A federal judge in New York on Wednesday blocked efforts by convicted North Hollywood tax shelter promoter Gerald L. Schulman to sell about 580 buildings owned by nearly 5,000 investors in Schulman-created partnerships. The order, issued by U.S. District Court Judge John M.
BUSINESS
June 9, 1988 | JAMES BATES, Times Staff Writer
The state Department of Corporations believes that Century City businessman and arts patron Sherman Mazur has violated state securities laws, according to papers filed Wednesday in Los Angeles Superior Court. Mazur, 39, of Encino, is chairman of American Resource Corp., a privately held company that two years ago was gaining a reputation as a "white knight" that would take over financially troubled real estate limited partnerships for investors and nurse them back to health.
BUSINESS
December 2, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
Sherman Mazur, a 1980s real estate whiz who pleaded guilty to tax and bankruptcy fraud after engineering what prosecutors alleged was one of the biggest tax fraud cases in recent years, was sentenced Wednesday to six years in prison and fined $250,000. Mazur, 44, who once drove a Rolls-Royce and vacationed in Monte Carlo, stood in blue jail garb and showed no reaction as his sentence was handed down by U.S. District Judge Ronald Lew in Los Angeles.
BUSINESS
July 9, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
Sherman Mazur, a onetime real estate whiz accused of engineering one of the biggest tax fraud cases in recent years, pleaded guilty to seven counts of tax and bankruptcy fraud, the U.S. attorney's office in Los Angeles said Thursday. The government's case centered around allegations that Mazur, 43, supported a lavish lifestyle by diverting cash to himself from some of the 200 real estate partnerships he ran--many of which were in bankruptcy.
BUSINESS
September 3, 1992 | JAMES BATES, TIMES STAFF WRITER
A federal grand jury on Wednesday added five counts of tax fraud and 24 counts of bankruptcy fraud to criminal charges returned last December against Los Angeles real estate investor Sherman Mazur. The new counts include allegations of a $5.6-million tax fraud, making the Mazur case one of the biggest tax fraud cases in the country, even larger than such celebrated recent cases as the one involving former New York hotel executive Leona Helmsley.
BUSINESS
December 19, 1991 | From Times Staff and Wire Reports
Mazur Bail Set: Bail was set at $400,000 for jailed real estate investor Sherman Mazur, who was indicted Tuesday on 45 counts of bankruptcy fraud. The amount was set after a long hearing before a U.S. magistrate in downtown Los Angeles. Mazur, 42, was accused of fraud in connection with the way he managed more than 200 real estate partnerships nationwide. Mazur was not expected to be able to raise the bail right away.
BUSINESS
December 18, 1991 | TOM FURLONG, TIMES STAFF WRITER
Sherman Mazur, once a rising star in American real estate, was indicted Tuesday in Los Angeles on charges of bankruptcy fraud in connection with the way he managed more than 200 property partnerships across the country. The 45-count indictment accused Mazur of concealing partnership assets, money laundering and making false statements to federal bankruptcy authorities. Mazur could not be reached for comment, but he and his attorneys have consistently denied that he has done anything wrong. U.S.
BUSINESS
April 24, 1989 | JAMES BATES, Times Staff Writer
A group of creditors that includes well-known real estate expert Stephen E. Roulac is petitioning the U.S. Bankruptcy Court in Los Angeles to liquidate American Resource Corp., a Century City firm that Roulac once touted as one of the nation's rising stars in real estate. American Resource is headed by Sherman Mazur, 40, a Holmby Hills resident who is prominent in Los Angeles social and charity circles. Mazur built his reputation as a so-called real estate workout specialist who takes control of financially troubled offices and apartments, trims property management costs and whips the properties into shape financially for investors.
BUSINESS
December 18, 1991 | TOM FURLONG, TIMES STAFF WRITER
Sherman Mazur, once a rising star in American real estate, was indicted Tuesday in Los Angeles on charges of bankruptcy fraud in connection with the way he managed more than 200 property partnerships across the country. The 45-count indictment accused Mazur of concealing partnership assets, money laundering and making false statements to federal bankruptcy authorities. Mazur could not be reached for comment, but he and his attorneys have consistently denied that he has done anything wrong. U.S.
BUSINESS
June 27, 1988 | JAMES BATES, Times Staff Writer
Inside Sherman Mazur's 17th-floor office in Century City is said to be a framed photograph of a cake. Baked to commemorate one of his real estate deals, the cake is decorated to look like a check payable to one of his companies for what is believed to be $6 million, according to former associates. To people he's done business with, Mazur makes earning millions seem like a piece of cake. In the early 1980s, he was selling investors five-barrel-a-day oil wells drilled in southeast Kansas.
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