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Nov 29, 2010 08:00 PM

Oklahoma Oil and Gas Exec Sentenced for Defrauding Company of $1 Million

Oklahoma Oil and Gas Exec Sentenced for Defrauding Company of $1 Million

David Grose, of Edmond, Oklahoma, the former chief financial officer for Quest Energy Partners, L.P., a publicly traded oil and gas exploration and production business, was sentenced to serve 192 months in federal prison for wire fraud stemming from a scheme to defraud Quest out of $1 million.

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Nov 27, 2010 04:55 AM

Oregon Resident Arrested in Plot to Bomb Christmas Tree Lighting Ceremony

Oregon Resident Arrested in Plot to Bomb Christmas Tree Lighting Ceremony

Mohamed Osman Mohamud, a naturalized U.S. citizen from Somalia and resident of Corvallis, Oregon, was arrested after he attempted to detonate what he believed to be an explosives-laden van that was parked near the tree lighting ceremony in Portland's Pioneer Courthouse Square. The arrest was the culmination of a long-term undercover operation, during which Mohamud had been monitored closely for months as his alleged bomb plot developed. The device was in fact inert, and the public was never in danger from the device.

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Nov 25, 2010 12:00 AM

Five Somalis Convicted of Piracy Against USS Nicholas

Five Somalis Convicted of Piracy Against USS Nicholas

A federal jury in Norfolk, Virginia has convicted five men from Somalia of engaging in piracy and related offenses in their attack on the USS Nicholas, marking what is believed to be the first piracy trial conviction in the United States since 1820.

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Nov 24, 2010 10:00 PM

Senior Aide to Albanian Foreign Minister Extradited to Face Murder, Other Charges

Senior Aide to Albanian Foreign Minister Extradited to Face Murder, Other Charges

Almir Rrapo, the senior administrative assistant to the deputy prime minister of Albania, has been extradited to New York to face charges related to his involvement in a racketeering enterprise that engaged in murder, kidnapping, narcotics trafficking, extortion, robbery, arson, obstruction of justice, and interstate transportation of stolen goods.

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Nov 24, 2010 09:30 PM

Eleven Plead Guilty in Georgia to Defrauding AFLAC

Eleven Plead Guilty in Georgia to Defrauding AFLAC

Eleven defendants each pled guilty in Georgia to one count of health care insurance fraud against American Family Life Assurance Company (AFLAC), admitting they submitted fraudulent claims which resulted in losses to AFLAC of more than $500,000.

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Nov 24, 2010 12:30 AM

Head of D.C. Special Education Institution Accused of Stealing More Than $2.4 Million

Head of D.C. Special Education Institution Accused of Stealing More Than $2.4 Million

Charles Ike Emor, aka Charles Ike Emenogha, the founder and former executive director of SunRise Academy, a non-profit special education institution in Washington, D.C., was indicted by a federal grand jury on charges that he stole more than $2.4 million in government money meant to serve needs of students. Among other things, Emor allegedly used the money for properties, cars, electronics, jewelry, and other personal expenses.

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Nov 23, 2010 11:15 PM

Former CEO of Comverse Technology, Inc. Settles Civil Case, Forfeits Over $46 Million

Former CEO of Comverse Technology, Inc. Settles Civil Case, Forfeits Over $46 Million

Jacob "Kobi" Alexander, the former CEO of Comverse Technology, Inc., and his wife have agreed to forfeit over $46 million to the government to settle a civil forfeiture action. Alexander fled the United States to Namibia in order to avoid criminal prosecution arising from a scheme he and other Comverse executives allegedly orchestrated to fraudulently backdate employee option grants. He remains a fugitive from justice and continues to fight his extradition to the United States.

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Nov 23, 2010 10:25 PM

Florida Woman Indicted in $100 Million Ponzi Scheme

Florida Woman Indicted in $100 Million Ponzi Scheme

Lydia I. Cladek, of St. Augustine, Florida, was indicted on charges of wire and mail fraud and conspiracy to commit wire and mail fraud in connection with her perpetration of a massive Ponzi scheme.

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Nov 23, 2010 02:25 AM

Caretaker of Elderly Millionaire Convicted of Stealing $3.2 Million, Valuable Artwork

Caretaker of Elderly Millionaire Convicted of Stealing $3.2 Million, Valuable Artwork

James S. Biear was found guilty by a jury in Manhattan federal court on charges of interstate transportation of stolen property; wire, mail, bank, and credit card fraud; and money laundering, all in connection with his scheme to steal $3.2 million and artwork—including works by Andy Warhol, Marcel Duchamp, Francis Picabia, Alex Katz, Joe Brainard, and others—from his employer, an elderly millionaire.

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Nov 22, 2010 11:00 PM

Six Pre-Paid Funeral Company Officials Indicted in Massive Fraud Scheme

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.

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