Three charged in online brokerage scam
611047
Feds indict three Indian nationals for allegedly hacking into online brokerage accounts and using the proceeds to manipulate stocks.
624125
Faces fraud charges related to alleged backdating of stock options at the security specialist while it was known as Network Associates.
484081
Three people have pleaded guilty to charges related to spam e-mail that promised U.S. victims millions of dollars from an estate and a lottery, the U.S. Department of Justice announced Wednesday.In one scenario, the defendants sent e-mails purporting to be from an individual suffering from terminal throat cancer who needed assistance distributing approximately $55 million to charity, the DOJ said.The three defendants, two from Nigeria and one from Senegal, sent spam e-mail to thousands of potential victims, in which they falsely claimed to control millions of dollars located abroad, the DOJ said in a press release. The fraud victims lost $1.2 million by giving the defendants advance fees, the DOJ said.Pleading guilty in U.S. District Court for the Eastern District of New York were Nnamdi Chizuba Anisiobi, whose aliases include Yellowman, Abdul Rahman, Michael Anderson, Edmund Walter, Nancy White, Jiggaman, and Namo, age 31, of Nigeria; Anthony Friday Ehis, also known as John J. Smith, Toni N. Amokwu, and Mr. T, age 34, of Senegal; and Kesandu Egwuonwu, also known as KeKe, Joey Martin Maxwell, David Mark, and Helmut Schkinger, age 35, of Nigeria.Anisiobi pled guilty to one count of conspiracy, eight counts of wire fraud, and one count of mail fraud. Ehis pled guilty to one count of conspiracy and five counts of wire fraud. Egwuonwu pled guilty to one count of conspiracy, three counts of wire fraud, and one count of mail fraud.The maximum penalty for mail and wire fraud is 20 years in prison. The conspiracy charge carries a maximum penalty of five years in prison.A fourth defendant, Lenn Nwokeafor, fled to Nigeria and was subsequently arrested by the Nigerian Economic &amp; Financial Crimes Commission on July 27, 2006. He is being held by the Nigerian authorities pending extradition to the United States, the DOJ said.In the throat cancer scheme, the defendants offered to give a 20 percent commission to the victim, or a charity of his or her choice, in exchange for the victim&#39;s help. The defendants would send a variety of fraudulent documents, including a &quot;letter of authority&quot; or a &quot;certificate of deposit,&quot; making it appear that the promised funds were available, as well as pictures of an individual claiming to suffer from throat cancer, the DOJ said.Defendant Anisiobi allegedly telephoned victims, disguising his voice to give the impression that he was suffering from throat cancer.After obtaining their victims&#8217; trust, the defendants asked them to wire-transfer payment for a variety of advance fees for legal representation, taxes, and additional documentation. The victims then received nothing back, the DOJ said.In some cases, if the victims said they could not afford to pay the advance fees, the defendants would send them counterfeit checks, supposedly from a cancer patient, to cover those fees. Many victims deposited the checks and then drew on them to wire-transfer the advance fees. When the checks did not clear, the victims suffered substantial losses, the DOJ said.&quot;Online scam artists should be on notice that we will continue to work closely with our international partners to ensure that there are no safe geographic boundaries for committing these crimes,&quot; Assistant Attorney General Alice Fisher of the DOJ&#39;s Criminal Division said in a statement.The investigation was initiated by Dutch law enforcement authorities, who notified the U.S. Postal Inspection Service, which opened its own investigation. The three who pled guilty were arrested in Amsterdam on Feb, 21, 2006.
298923
Three U.S. Army Reserve officers were indicted Wednesday, accused of taking part in a bid-rigging scam that steered millions of dollars for Iraq reconstruction projects to a contractor in exchange for cash, luxury cars and jewelry.
206854
The U.S. Securities and Exchange  Commission on Thursday charged brokerage firm Raymond James  Financial Inc. RJF.N with fraud over the misconduct of a  former broker in 1999 and 2000.
427250
Two former executives at America Online face multiple charges of fraud stemming from transactions with a small software provider.
5916
Three former Natwest bankers appeared in court yesterday to fight extradition to the United States, where they are facing fraud charges for a multi-million pound deal involving disgraced US energy company Enron.
650977
GIANT insurance brokers are accused of taking kickbacks from insurance companies. Mutual fund managers allow preferred clients to trade after hours.
280554
Fed cracking down on securities manipulation US authorities have charged three Indian nationals for an elaborate pump-and-dump scheme that used hijacked brokerage accounts to manipulate the prices of 14 securities including Sun Microsystems and put options for Google.â¦
687278
Federal prosecutors on Monday charged five former natural gas traders with reporting fake prices to industry publications in a bid to manipulate commodity prices.
687538
WASHINGTON - Federal prosecutors have charged three men with allegedly helping funnel millions of dollars to the Palestinian militant group Hamas, which has been blamed for dozens of terrorist attacks in Israel, Attorney General John Ashcroft announced ...
194838
The Securities and Exchange Commission said on Thursday it charged a total of 38 traders in a multi-million dollar scheme that involved phony finder fees and illegal kickbacks in the "stock loan" industry.
17152
The SEC has charged two Texas men who allegedly hijacked computers to send spam and cheat investors out of more than $4.6 million.
360010
A service is accused of $200 million in false charges for dishonest online sellers and telemarketers.
320828
Would-be borrowers in the U.S. and Canada are being bilked out of thousands of dollars by unscrupulous online lenders.
340984
Three men from India were indicted Monday on federal charges of hacking into online brokerage accounts and pumping up stock values to turn a hefty profit for themselves, the Justice Department said.
240651
Three former Kmart executives and  representatives of several major vendors were charged on  Thursday with fraudulently accounting for $24 million of profit  before the retailer filed for bankruptcy in 2002.