The latest from Stopfraud.gov

[ProSense]

Stopfraud.gov

Attorney Sentenced to Three Years in Prison for Insider Trading Scheme in New York

NEW YORK – Attorney Jason Goldfarb was sentenced today in Manhattan federal court to three years in prison for his participation in an insider trading scheme in which he gave material, nonpublic information that had been misappropriated from the law firm of Ropes & Gray to Zvi Goffer for the purpose of securities trading, announced Preet Bharara, U.S. Attorney for the Southern District of New York. Goldfarb pleaded guilty to one count of conspiracy and one count of securities fraud on April 21, 2011. U.S. District Judge Richard J. Sullivan imposed today’s sentence.

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Investment Advisor Sentenced to 58 Months in Prison for $2.4 Million Fraud Targeting Union Pension Fund and Other Investors in New Jersey and New York

NEWARK, N.J. – A Westfield, N.J.,-based investment advisor was sentenced today to 58 months in prison for defrauding numerous investors, including a union pension fund, of more than $2.4 million by funding his lavish lifestyle with money he claimed to be investing in conservative securities, U.S. Attorney for the District of New Jersey Paul J. Fishman announced.

Carlo Chiaese, 38, of Livingston, N.J., previously pleaded guilty before U.S. District Judge William J. Martini to an information charging him with securities fraud. Judge Martini also imposed the sentence today in Newark federal court.

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Texas Federal Jury Convicts Former Triton President and C.E.O. in Ponzi Scheme

Kurt Branham Barton, founder, president and CEO of Triton Financial LLC, faces up to life in prison after a federal jury in Austin, Texas, convicted him yesterday for carrying out a Ponzi scheme which victimized more than 300 individuals and resulted in a total estimated loss to investors of more than $50 million, announced U.S. Attorney for the Western District of Texas John E. Murphy.

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Pennsylvania Man Pleads Guilty for His Role in $17 Million Ponzi Scheme

PHILADELPHIA – Robert Stinson Jr., 56, of Berwyn, Penn., pleaded guilty today to charges contained in a 26-count indictment detailing a Ponzi scheme that defrauded more than 260 investors of more than $17 million, announced U.S. Attorney Zane David Memeger. Stinson pleaded guilty before U.S. District Court Judge Michael M. Baylson to five counts of wire fraud, four counts of mail fraud, nine counts of money laundering, one count of bank fraud, three counts of filing false tax returns, two counts of obstruction of justice and two counts of making false statements to federal agents.

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Real Estate Investor Pleads Guilty to Bid Rigging at Public Foreclosure Auctions

SACRAMENTO, Calif. — A real estate investor pleaded guilty today in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Sharis A. Pozen, Acting Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced.

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Former NASDAQ Managing Director Sentenced to 42 Months in Prison for Insider Trading

WASHINGTON – Donald Johnson, a former managing director of the NASDAQ Stock Market, was sentenced today to 42 months in prison for engaging in insider trading on multiple occasions based on material, non-public information he obtained in his capacity as a NASDAQ executive. Johnson was also ordered to forfeit $755,066.

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[Kurovski]

1. WOWza. Negative rec?

Is there something about that website DUers are supposed to dislike?

[joshcryer]

2. I dunno, I have seen some champion corrupt regimes...

...so perhaps some find this to be a bad thing?

I wonder how the United States will fare on the corruption indexes after Obama's house cleaning.

[ProSense]

3. It's

an aversion to facts or news about something positive being done by the administration.

[santamargarita]

4. Wow, I didn't know we did things like this...

[jaxx]

5. Good to see them going to jail for their corruption.

K&R

[OffWithTheirHeads]

6. They were all lucky they didn't get caught with pot.

They might have had to do some serious time.

[Scuba]

7. Justice is measured very differently for the wealthy...

<img src="" title="Hosted by imgur.com" />

[ProSense]

8. There are always

anecdotes.

Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million