CALIFORNIA | LOCAL
February 24, 2012 |
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.
October 12, 2011 |
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 |
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.
February 16, 2011 |
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...
January 26, 2011 |
Hedge fund managers looking for an edge in the financial markets in recent years could turn to Primary Global Research, a boutique firm in the heart of the Silicon Valley with connections around the world. Now the company isn't answering the phone, the front doors of its Mountain View office are locked and some of its former employees are facing possible prison time. Founded in 2003 by former Intel Corp. manager Unni Narayanan, Primary Global is at the center of an ongoing Justice Department insider-trading crackdown on the sale of privileged information that could affect stock prices.
October 11, 2010 |
Expensive pennies The Better Business Bureau is warning consumers to be wary of so-called penny auction websites, which advertise electronic products such as Apple Inc. iPads at bargain prices. Many people have complained about being charged fees as high as $150 after signing up for what was promoted as a free trial, the bureau said in a recent bulletin. Other customers have alleged that the sites use computer-programmed bots to place fake bids that drive up prices. The customers who have complained to the bureau also said they had been unable to obtain refunds, the bulletin said.
October 5, 2010 |
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..
September 23, 2010 |
Los Angeles real estate mogul Ezri Namvar, an Iranian immigrant who amassed and then lost billions of dollars of commercial real estate holdings, has been indicted on wire fraud charges, his attorney said. Namvar, former owner of such high-profile properties as the Marriott hotel in downtown Los Angeles and the Cal Neva resort in Lake Tahoe, was accused of five counts of wire fraud related to a company, Namco Financial Exchange Corp., that sheltered proceeds from real estate transactions, said defense attorney Marc Harris.