Six Pre-Paid Funeral Company Officials Indicted in Massive Fraud Scheme
Six controlling officials of National Prearranged Services, Inc., were named in a 50-count indictment returned in St. Louis, Missouri charging wire, bank, mail, and insurance fraud; money laundering; and multiple conspiracy charges involving the sale of pre-paid funeral services. The loss to purchasers, funeral homes, and state insurance guarantee associations will range from $450,000,000 to $600,000,000.
Financial Advisor Charged with Defrauding Investors of at Least $2 Million
Former financial advisor Jesse Alvin Cripps Sr., previously of Visalia, California, was charged with 27 counts of mail fraud and three counts of money laundering in connection with a scheme to defraud investors of at least $2 million through various means, using his church contacts to solicit individuals to invest money with him.
Arizona Man Sentenced to Over 10 Years for Selling Methamphetamine
Larry Keams Kahn, of Flagstaff, Arizona, was sentenced to 121 months in federal prison after pleading guilty to possession with intent to distribute methamphetamine. His sentencing was part of the largest drug investigation ever conducted on the Navajo Nation.
Societe Generale Trader Convicted of Stealing High-Frequency Trading System Code
Samarth Agrawal, a former trader at Societe Generale, was convicted in Manhattan federal court of theft of trade secrets and interstate transportation of stolen property for stealing the proprietary computer code used in Societe Generale's high-frequency trading system.
Senior U.S. District Court Judge Guilty of Drug Offenses, Conversion of Government Property
Jack T. Camp Jr., a Senior U.S. District Judge in the Northern District of Georgia, admitted that he unlawfully possessed and used cocaine, marijuana, and Roxycodone and that he gave an individual, whom he knew had a prior felony drug conviction, money to purchase those drugs. Camp also admitted that he unlawfully gave that individual a U.S. District Court laptop computer for her personal use.
Ahmed Khalfan Ghailani Found Guilty in 1998 Embassy Bombings Plot
Ahmed Khalfan Ghailani was found guilty today for his role in the 1998 bombings of the U.S. Embassies in Kenya and Tanzania that took the lives of 224 people, including 12 Americans. Ghailani, a 36-year-old Tanzanian national, was the first detainee held at the Guantanamo Bay Naval Base in Cuba to be tried in a civilian court. He was found guilty of conspiring to destroy property and buildings of the United States, following a five week trial in New York.
Chinese National Pleads Guilty to Stealing Ford Trade Secrets
Former Ford employee Xiang Dong Yu, of Beijing, China, pled guilty in federal court in Detroit, Michigan to two counts of theft of trade secrets. Yu copied approximately 4,000 Ford documents, including sensitive Ford design documents, onto an external hard drive and took them to Beijing Automotive Company, his new employer in China.
California Woman Sentenced on Human Trafficking Charge
Fang Ping Ding, of Fremont, California, was sentenced to more than three years in prison for confiscating the passport, visa, and other documents of a woman from the People's Republic of China in order to maintain control over the victim and force her to work as an unpaid, live-in domestic servant.
Owners of Bankrupt Sunrise Equities Accused in Ponzi Scheme
Three owners of a bankrupt Chicago real estate development firm that purported to adhere to Islamic law in handling investments from individuals in the Chicago area and nationwide actually operated a Ponzi-scheme that defrauded hundreds of victims and three banks of more than $43 million, according to a federal indictment made public today.
Executives from Two Japanese Airlines Indicted in Price Fixing Conspiracy
A former executive of Japan Airlines International Co. Ltd. and two former executives of Nippon Cargo Airlines Co. Ltd. were indicted for participating in a conspiracy to fix and coordinate components of rates for air cargo shipments to and from the United States.