Former Deutsche Bank Brokers Sentenced to Prison for Promoting Illegal Tax Shelters Generating Billions of Dollars in Fraudulent Tax Losses

Former CPA David Parse Also Took Part in the Fraudulent Back-dating of Tax Shelter Transactions Preet Bharara, the United States Attorney for the Southern District of New York, and Tamara Ashford, the Principal Deputy Assistant Attorney General for the Tax Division, Department of Justice (“DOJ”), announced that DAVID PARSE, a former broker at Deutsche Bank […]

Former Galleon Manager Rajaratnam Announces Conspiracy Securities Fraud Charges

Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), today announced conspiracy and securities fraud charges against RAJARENGAN RAJARATNAM (“RENGAN RAJARATNAM”), a former portfolio manager at the hedge fund management firm Galleon […]

Investment Advisor Arrested over $8 Million Securities Fraud Over Facebook Stock

Lawfuel.com – UNITED STATES ATTORNEY’S OFFICE Southern District of New York U.S. ATTORNEY PREET BHARARA Preet Bharara, the United States Attorney for the Southern District of New York, and Richard T. Vignogna, the Acting Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), announced that CRAIG L. BERKMAN was arrested today […]

Former Hedge Fund Manager Indicted for $200 Million Market Manipulation Scam After 5 Years on the Run

          LOS ANGELES – LawFuel.com – A German national who managed a series of hedge funds based in the Cayman Islands has been indicted on federal fraud charges alleging that he oversaw a stock manipulation scheme designed to “pump up” the reported returns of his hedge funds, while self-dealing for his own benefit to […]

Prison for Participant in Fraudulent Credit Repair Scheme

LawFuel.com – Preet Bharara, the United States Attorney for the Southern District of New York, announced that EDWIN MANSOUR, JR. was sentenced today in Manhattan federal court to 51 months in prison for his role in what is believed to be the largest known credit repair fraud scheme ever charged.  His co-defendant, Denise Hudson was […]