Archives For Investment Scams

Steven E. Jones, 56, a family court judge, and four co-defendants pleaded guilty to conspiracy charges for defrauding over 22 people of millions in an investment fraud scheme involving real estate transactions.  As part of his plea agreement with the government, Jones agreed to step down from the bench and surrender his law license to the State Bar of Nevada.

Continue Reading…

Fred Davis Clark, Jr., a/k/a Dave Clark, 56, and Cristal R. Clark, a/k/a Cristal R. Coleman, 41, both formerly of Monroe County, Florida, were charged in a superseding indictment with conspiracy to commit bank fraud and multiple counts of bank fraud, in connection with a $300 million fraud scheme involving the sale of vacation real estate units to approximately 1,400 investors in the Florida Keys and elsewhere.

Continue Reading…

Reyna Peinado, 48, Huntington Beach, California, an auctioneer who defrauded banks by accepting bribes to lower the amount of winning bids in trustee auctions, was sentenced to 24 months in federal prison.

Continue Reading…

Michael Rene Berlon, 55, Grayson, Georgia, former attorney, has been arraigned on federal charges of mail and wire fraud in Utah for his role in defrauding clients in an advance fee loan scam.

Continue Reading…

David C. Jackson, also known as C. David Manns, 53, has been arrested on a federal criminal complaint charging him with operating an advance fee loan fraud scheme that defrauded individuals out of more than $3 million.

Continue Reading…

Dana Jefferson, 53, O’Fallon, Missouri, has been indicted on multiple fraud charges involving a scheme to lure lenders by falsely representing that he was the beneficiary of a multi-million dollar inheritance. Jefferson made false promises to lenders that once he gained access to his inheritance, he would use the funds to purchase homes for them, or in some cases would repay double the amount of the loan.

Continue Reading…

Timothy Jon Oliver, 60, a Minnesota attorney, pleaded guilty to felony wire fraud for his role in scheme wherein he took funds from a construction company to secure financing for a nonexistent real estate development project.

Continue Reading…

Fred Todd, 61, Lakewood, New Jersey, admitted his role in a scheme that defrauded investors in connection with several real estate deals and a Facebook IPO.

Continue Reading…

Eliyahu Weinstein, 39, Lakewood, New Jersey, who was previously sentenced to 22 years in prison for running a real estate investment fraud scheme that caused $200 million in losses, admitted that he also defrauded investors in connection with the Facebook IPO and several additional real estate deals and then laundered the proceeds of the scheme.

Continue Reading…

 Twin Falls Title and Escrow (TFTE) is the subject of a cease and desist order for fraudulently using the identity of a legitimate Idaho entity to promote unlawful escrow activity by altering a copy of the Certificate of Assumed Business Name filed by First American Title Company, Inc.

Continue Reading…