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Wire Fraud

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NEWS
August 17, 1988 | Associated Press
A former stockbroker charged in the insider trading scandal involving leaked copies of Business Week magazine pleaded guilty today to one count of wire fraud. William Dillon, 33, who was dismissed last month from his job at Merrill Lynch & Co. in New London, admitted paying $10 to $30 for advance copies of the magazine to various employees of R. R. Donnelley & Sons Co., which prints Business Week at two plants, one in Old Saybrook.
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CALIFORNIA | LOCAL
March 27, 2014 | By Patrick McGreevy
SACRAMENTO - A day after he was arrested on suspicion of wire fraud and firearms trafficking, state Sen. Leland Yee (D-San Francisco) said Thursday he is dropping out of the race for secretary of state in this year's election. However, Yee's decision came too late to take his name off the ballot for the June 3 primary, where it will appear along with seven other candidates seeking to become California's top elections official. “I hereby withdraw my candidacy for election of Secretary of State, effective immediately,” Yee wrote in a letter to Secretary of State Debra Bowen.
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CALIFORNIA | LOCAL
July 22, 1988
A Vermont bank official confirmed Thursday that his bank has been swindled in a nationwide wire fraud scheme allegedly orchestrated by an escaped convict in the Los Angeles area. John Ewing, executive vice president of the Bank of Vermont, said the scam, which reportedly netted about $400,000, was being investigated by the FBI. The suspect, Tanya Marie Smith, 28, was serving a 13-year sentence for bank wire fraud when she escaped from prison in Alderson, W. Va., last January, officials said.
SPORTS
March 27, 2014 | By Nathan Fenno
A federal judge sentenced the father of former UCLA basketball player Shabazz Muhammad to 37 months in prison Thursday, according to the U.S. Attorney's Office in Las Vegas. Ron Holmes pleaded guilty in December in U.S. District Court in Las Vegas to one count of conspiracy to commit bank fraud, mail fraud and wire fraud in connection with a $2.5-million mortgage fraud scheme. Holmes, who played basketball at USC from 1981 to 1985, was also sentenced to five years of supervised release and must pay $1.7 million in restitution.
BUSINESS
October 5, 2010 | By Stuart Pfeifer, Los Angeles Times
Bankrupt real estate mogul Ezri Namvar pleaded not guilty Monday to charges that he stole $23 million from clients who paid him to safeguard proceeds from real estate sales. Namvar, free on $300,000 bond, was indicted Sept. 21 on five counts of wire fraud in connection with the alleged misappropriation of money from clients of his company, Namco Financial Exchange Corp., in 2008. The indictment alleged that Namvar, 59, used the money for a variety of purposes, including making interest payments to investors in a second company he owned, Namco Capital Group Inc..
BUSINESS
October 15, 2008 | From Times Wire Services
Joseph Hirko, former chief executive of Enron Corp. Broadband Services, pleaded guilty to one count of wire fraud to avert a retrial on fraud, conspiracy and insider-trading charges. Hirko, 52, entered the plea in federal court in Houston. He agreed to serve 12 to 16 months in prison and pay fines and restitution of $8.7 million. U.S. District Judge Vanessa Gilmore ordered an investigation to help her decide whether to accept the plea at Hirko's sentencing March 3. He would face decades behind bars if convicted of all counts in a retrial.
CALIFORNIA | LOCAL
May 25, 1986
Seven businessmen--six of them from Orange County-- swindled 21 banks and savings and loan companies out of $21 million in real estate loans, according to a federal grand jury indictment. The businessmen allegedly told the lending institutions that they planned to buy and develop land in Chatsworth and Newhall, the indictment, filed in Los Angeles, charged. But, according to court records, the men diverted the money for their own use.
BUSINESS
June 11, 1991
A Thousand Oaks plastic surgeon has been convicted of conspiracy and four counts of securities and wire fraud in connection with his role in the manipulation of the stock of Magna Technologies Inc., a defunct Thousand Oaks company, the U.S. attorney's office said. Robert Gutstein, 53, Magna's former chairman, was found guilty May 31 in federal court in Los Angeles of conspiring with three other defendants to use a variety of illegal means to drive up the price of Magna's stock.
BUSINESS
March 5, 1991 | From United Press International
A former Irvine businessman pleaded guilty Monday to federal charges that he bilked hundreds of small investors out of $3.5 million in an Orange County boiler-room scam, authorities said. Daryl Goodwin, 57, pleaded guilty to two counts of wire fraud in connection with his operation of Bannister-Brighton Ltd., a bankrupt Orange County boiler room that purported to sell precious metals and gold coins over the telephone.
BUSINESS
March 29, 1988 | JOHN SPANO, Times Staff Writer
A Newport Beach couple alleged to have engaged in one of the biggest swindles in Southern California history pleaded not guilty Monday to mail and wire fraud charges. Robert A. Buceta and his wife, Patricia L. Thibault, entered the pleas before U.S. Magistrate John R. Kronenberg. They are charged with masterminding a complex fraud scheme by which they qualified for more than $70 million in loans while allegedly putting up no collateral.
BUSINESS
March 19, 2014 | By Jerry Hirsch
In a landmark settlement of criminal charges, Toyota Motor Corp. admitted deceiving regulators about deadly safety defects and agreed to pay $1.2 billion, the largest penalty ever imposed on an automaker. In the unprecedented deal with the U.S. Justice Department, the world's largest automaker admitted it misled consumers about two defects that caused unintended sudden-acceleration incidents - sticking gas pedals and floor mats trapping the pedals. “Toyota put sales over safety, and profit over principle,” said George Venizelos, assistant director of the FBI. “The disregard Toyota had for the safety of the public was outrageous.
BUSINESS
March 4, 2014 | By Stuart Pfeifer
A Northern California man was convicted of fraud for duping investors out of $7 million with false promises of big returns in alternative energy technology, prosecutors said Tuesday. Richard Rossignol of Shingle Springs, Calif., was accused of defrauding more than 300 investors from 2001 to 2010. A jury at the federal courthouse in Los Angeles convicted Rossignol, 63, on Friday of conspiracy to commit mail fraud and wire fraud. He is scheduled to be sentenced June 16. PHOTOS: The 10 wealthiest people in the world During a seven-week trial, prosecutors alleged that Rossignol conspired with William A. Stehl of Ventura to defraud investors by falsely claiming that several companies had agreed to license technology that Stehl had developed.
CALIFORNIA | LOCAL
November 26, 2013 | By Robert J. Lopez
A San Gabriel con man who skipped sentencing after pleading guilty to defrauding more than $11 million from dozens of families has been captured in Las Vegas, the FBI said Tuesday evening. David Kaup, 30, was arrested by federal agents Tuesday morning at a Las Vegas home where had been living. Authorities received a tip on Kaup's whereabouts after news organizations reported about his case, the FBI said. Kaup pleaded guilty to defrauding more than 50 families in three separate fraud schemes.
SPORTS
November 22, 2013 | Wire reports
Lindsey Vonn will skip the World Cup ski races next week in Beaver Creek, Colo., as she recovers from a downhill training crash in which she partially tore one of the reconstructed ligaments in her surgically repaired right knee. The reigning Olympic downhill champion, however, is not ruling out a possible return to racing in Lake Louise, Canada, the following week, her personal publicist, Lewis Kay, said in a statement Friday. The Sochi Games are less than three months away. GOLF: Scott Brown leads at Pebble Beach Scott Brown shot a four-under 68 at Spyglass Hill on Friday and leads the Pebble Beach Invitational by one stroke over Jason Kokrak after two rounds.
BUSINESS
October 18, 2013 | Bloomberg News
A former Boeing Co. procurement officer and three other people were indicted by a federal grand jury and accused of engaging in a bribery and kickback scheme, a federal prosecutor said. The ex-procurement officer allegedly leaked nonpublic information to bidders for contracts on military aircraft parts in exchange for cash, the office of U.S. Atty. Richard Callahan in St. Louis said in a statement. The grand jury indicted former Boeing executive Deon Anderson; Jeffrey Lavelle, who owned Everett, Wash., bidder J.L. Manufacturing; and an outside consultant for J.L., Robert Diaz.
NATIONAL
August 29, 2013 | By John M. Glionna
CASPER, Wyo. -- Robert Arthur Reed solicited investors nationwide for a wind farm here. But a federal judge ruled here this week that all the telephone huckster was really selling was a bunch of hot air. U.S. District Judge Scott Skavdahl ordered the 53-year-old Utah man to serve 12 years in prison for defrauding 83 investors nationwide of more than $4.4 million by promoting investment in nonexistent wind farms in Wyoming and South Dakota....
CALIFORNIA | LOCAL
May 30, 2013 | By Ken Bensinger, Los Angeles Times
Ronald Holmes, father of former UCLA basketball star Shabazz Muhammad and himself a former hoops standout, has been indicted on federal fraud charges. Holmes, 51, was detained Thursday in Las Vegas. He has pleaded not guilty to bank fraud, as well as counts for conspiracy to commit mail fraud, wire fraud and bank fraud. According to the indictment, which was unsealed Thursday, Holmes and several unnamed associates used fraudulent information and straw buyers to obtain home mortgages and buy and sell houses, keeping the proceeds for themselves.
BUSINESS
April 16, 2013 | Bloomberg News
Full Tilt Poker founder Raymond Bitar, accused of using online player funds to finance his company in what prosecutors called a Ponzi scheme, pleaded guilty but was spared from serving time in prison because he needs a heart transplant. U.S. District Judge Loretta Preska on Monday approved a plea agreement between Bitar, 41, and prosecutors, sentencing him to the seven days he served in jail last year, after saying a prison sentence would kill him. Bitar, who participated in a hearing in Manhattan federal court by video link from Los Angeles, near his home, pleaded guilty to two felonies that carry a maximum sentence of 35 years in prison.
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