A 63-year-old man was sentenced to six years in federal prison last week for bank fraud, mail fraud, and wire fraud. The man pleaded guilty to the above charges on March 14, 2013. Court records indicate that the man was president and director of a realty company in southwest Florida.…
A Jacksonville insurance salesman pleaded guilty to a 15-year scam in federal court Friday. Reports suggest that more than 50 people were bilked out of nearly $5 million. Prosecutors claim that the investments the man promised large returns on were actually a Ponzi scheme that he used to buy commercial…
The Securities and Exchange Commission has charged Vero Beach, Florida couple, Richard and Susan Olive, for allegedly raising millions of dollars selling investments for a purported charitable organization while defrauding senior citizens and exaggerating the amount of contributions actually made to charity. The SEC complaint, filed in the Southern District…
A Homestead, Florida man was charged Friday with several counts of mail, wire and access device fraud after allegedly filing false claims for thousands of dollars with the BP oil spill fund. The man is currently being held without bail. Prosecutors claim the man filed papers with the Gulf Coast…
A former Florida resident was sentenced to the maximum sentence of 20 years in federal prison on Thursday for mail fraud in connection with a $30 million Ponzi scheme. His original charges also included wire fraud and conspiracy, crimes that often get charged in conjunction with mail fraud cases. The…