wire fraud

Judge OKs Plea Deal In $50M Ponzi Scheme

A judge has accepted a new plea deal from a Detroit-area financial manager who helped the government prosecute his partner in a real estate scheme that ended with nearly $50 million in losses.

WWJ Newsradio 950–01/18/2014

Feds Want $44.5M In Restitution In Bravata Case

Federal prosecutors want a Detroit-area investment manager and his son to pay $44.5 million in restitution for a real-estate scheme that crashed during the recession.

WWJ Newsradio 950–10/26/2013

Jury Convicts Father, Son Of Defrauding Investors

A Brighton-area investment manager and his son have been found guilty in a $50 million scheme to defraud hundreds of investors.

WWJ Newsradio 950–03/28/2013

Mich. Man Pleads Guilty To Wire Fraud In Massive Ponzi Scheme

The United States Attorney said a Michigan man pleaded guilty to running a Ponzi scheme that swindled nearly $50 million from more than 3,000 investors worldwide.

WWJ Newsradio 950–02/25/2012

Southfield Broker Linked To Fraud Can’t Leave Jail

A federal appeals court has refused to intervene and release a Southfield money manager who is facing fraud-related charges.

WWJ Newsradio 950–08/28/2011

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