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Wire Fraud

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.
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NEWS
March 27, 2012 | By Stuart Pfeifer
The former payroll manager for the San Francisco Giants baseball team was sentenced to nearly two years in prison after admitting that she stole more than $2 million from the team. Robin M. O'Connor pleaded guilty in November to wire fraud. She had been accused of transferring team money to her personal bank accounts from June 2010 to June 2011. U.S. District Judge James Ware sentenced O'Connor on Tuesday to 21 months in federal prison and ordered her to reimburse the team nearly $1.5 million.
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.
BUSINESS
March 4, 2012 | By Stuart Pfeifer
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 a company called Personally Yours for personalized T-shirts, did not receive them and could not receive 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.  “In the event of fraud, non-delivery or non-communication with a business, consumers can dispute charges with their credit card company to try and receive refunds.” Ponzi scheme - A federal grand jury in San Francisco has indicted two people on charges related to a $129-million Ponzi scheme.
CALIFORNIA | LOCAL
February 25, 2012 | By Tony Perry, Los Angeles Times
Reporting from San Diego -- An attorney who once was prominent in adoption circles was sentenced Friday to five months in federal custody and nine months of home confinement for her guilty plea in what prosecutors called an international "baby-selling" ring. Theresa Erickson, whose law firm was in Poway, had pleaded guilty to wire fraud for her role in a scheme that involved hiring surrogates to carry embryos to term and then arranging for the infants to be adopted. The "intended parents" often paid more than $100,000, according to the plea bargain signed by Erickson.
CALIFORNIA | LOCAL
February 24, 2012 | By Tony Perry, Los Angeles Times
Reporting from San Diego -- Poway attorney Theresa Erickson was a star in the complex, competitive, and sometimes lucrative business of helping childless couples adopt babies. She was a frequent guest on national TV shows; she self-published a book on "assisted reproduction," and she presented herself on her website as a tireless, fearless advocate for adoption. Eager to expand her business, she was looking to attract gay clients. A different Erickson will appear for sentencing Friday in San Diego federal court: an admitted felon, the alleged ringleader behind an international scheme to pay surrogates to carry embryos to term so the babies could be placed with couples throughout the United States.
BUSINESS
October 12, 2011 | By Stuart Pfeifer, Los Angeles Times
Los Angeles real estate investor Ezri Namvar was sentenced to seven years in federal prison on charges related to the theft of more than $20 million from investment clients. A jury had convicted Namvar on May 19 of wire fraud charges stemming from allegations that he stole from clients who had trusted him to hold proceeds from commercial real estate sales. Namvar's company, Namco Financial Exchange Corp., helped clients avoid paying taxes on real estate sales by holding their money until they used it to make new purchases.
CALIFORNIA | LOCAL
August 10, 2011 | By Tony Perry, Los Angeles Times
A prominent San Diego attorney pleaded guilty Tuesday in federal court to being part of what U.S. Atty. Laura Duffy labeled a "baby-selling ring. " Theresa Erickson, a lawyer specializing in reproductive law, pleaded guilty to wire fraud for transmitting phony documents to deceive both the San Diego County Superior Court and couples seeking to become parents. Two other people in the ring have also pleaded guilty. According to court documents, Erickson hired women in San Diego to go to Ukraine to be implanted with embryos created from the sperm and eggs of donors.
BUSINESS
February 16, 2011 | By Stephen Ceasar, Los Angeles Times
A British citizen was sentenced to 13 years in prison for operating a scam in Southern California that swindled more than $7 million in investments from clients and diverted more than $2 million to his own use. Using disarming British charm and tall tales of an illustrious career as a European banker, Robert Tringham, 66, was able to woo investors into turning over the cash, some of which he used to pay for a Diamond Bar mansion, luxury car and...
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