Tag Archives: scheme

The college admissions scandal ringleader tried to recruit 7 Stanford coaches to be part of the scheme but only one took the bait

The college admissions scandal ringleader tried to recruit 7 Stanford coaches to be part of the scheme but only one took the baitStanford President Marc Tessier-Lavigne published a letter about the school's investigation into the college admissions scandal on Tuesday.



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Clinton Donors Charged in Massive Campaign-Finance Scheme

Clinton Donors Charged in Massive Campaign-Finance SchemeEight people, including major Hillary Clinton donors and a witness in the Mueller investigation, have been charged in a massive campaign-finance scheme, the Justice Department announced on Tuesday.The individuals conspired to "make and conceal conduit and excessive campaign contributions" valued around $ 3.5 million in the 2016 election campaign and beyond, according to the announcement. Although the indictment does not specifically name the recipient of the donations, it is clear that the contributions went to groups allied with Clinton’s presidential campaign.One of those charged, George Nader, is a Lebanese American businessman who was a witness in the Mueller report. Nader was also caught in 2018 in possession of child pornography, but received partial immunity in exchange for testimony in the Mueller investigation. He faces between 15 to 40 years in prison if convicted on child-pornography charges.Also indicted on campaign-finance charges was Ahmad “Andy” Khawaja, who hosted a fundraiser for Clinton in Los Angeles in 2016 and who conspired to conceal campaign donations from 2016 to 2018. Khawaja owns an online-payments company used by, among others, debt collectors, offshore gamblers, and pornographers. The company has made numerous campaign donations to both Democrats and Republicans.Nader also gained access to the Trump administration, meeting with the president on several occasions. Nader has experience in international diplomacy, has served as a diplomatic conduit to the Middle East and Russia, and was an informal adviser to the crown prince of the United Arab Emirates.



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Trump impeachment committee ‘has evidence of extortion scheme involving president’ and Ukraine

Trump impeachment committee ‘has evidence of extortion scheme involving president’ and UkrainePoliticians have evidence of an “extortion scheme” by Donald Trump to try to pressure a foreign government to investigate his opponents, a member of the House intelligence committee has said ahead of public impeachment hearings beginning this week.Democratic congressman Eric Swalwell told CBS’s Margaret Brennan on Sunday that there was already ample evidence that the president had abused his office.



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California executive avoids jail in college cheating scheme

California executive avoids jail in college cheating schemeThe owner of a California frozen foods company avoided jail Friday for paying $ 15,000 to rig his daughter’s college entrance exam in a widespread admissions scandal. Peter Jan Sartorio, of Menlo Park, California, was sentenced in federal court in Boston to a year of probation after pleading guilty in May to a single count of fraud and conspiracy in a deal with prosecutors. U.S. District Judge Indira Talwani also ordered him to perform 250 hours of community service and pay a $ 9,500 fine.



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Politician charged in human trafficking adoption scheme

Politician charged in human trafficking adoption schemeAn Arizona elected official ran a human smuggling scheme that promised pregnant women thousands of dollars to lure them from a Pacific Island nation to the U.S., where they were crammed into houses to wait to give birth, sometimes with little to no prenatal care, prosecutors allege. Paul Petersen, the Republican assessor of Arizona’s most populous county, was charged in Utah, Arizona and Arkansas with counts including human smuggling, sale of a child, fraud, forgery and conspiracy to commit money laundering. Investigators also found eight pregnant women from the Marshall Islands in raids of his properties outside Phoenix, and several more are waiting to give birth in Utah, authorities said.



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Chinese relatives marry, divorce 23 times in scheme

Chinese relatives marry, divorce 23 times in schemeEleven Chinese relatives married and divorced each other 23 times within a month to receive apartments given out by the state, Chinese media reported.



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Bat poo no longer blights church and interrupts service, as worshippers rejoice over new scheme

Bat poo no longer blights church and interrupts service, as worshippers rejoice over new schemeEnticing the next generation through their ancient doors, keeping donations topped up and ensuring that the organ is tuned usually rank high among any church’s list of priorities. For one congregation in Leicester, however, their problems have been somewhat more ungodly. For years, members of All Saints Church in Braunston-in-Rutland have been plagued by faeces dropping from the ceiling where a 500-strong colony of bats now reside.  This has meant that instead of praying or enjoying the 1,000-year-old church building, parishioners have been slipping on its floors, art and furniture has been covered in sheeting and volunteer wardens have spent hours scouring pews and floors of bat excrement. Now, however, the congregation remains clean and dry. Following a pioneering new scheme, entitled the Bats in Churches project, work has been done to fill the gaps in the ceiling to prevent faeces and urine soaking through without harming the animals. It is illegal to stop bats – which are a protected species – from reaching their roost, leaving many churches unable to patch up holes in their walls and doors which bats use for access. As a result, many congregations across the country have often found themselves at the receiving end of their sporadic, plunging excrement.  Gail Rudge at All Saints Church at Braunston in Rutland, where bats have roosted and caused damage  Credit: ./Photo Copyright John Robertson, 2017.  All Saints Church was one of the first to benefit from £3.8million of Heritage Lottery Funds to reduce the impact of bats on the buildings across the UK. It is one of around 100 churches, which hosts a large bat roost, which is now reaping the rewards of clean floors and clean congregants.  Sue Willetts, church warden, told the BBC: "Before, we had covers down on the floors to collect the droppings. "We had to clean the pews every time, it took an hour before every single service. Now we use the church how its meant to be." Mrs Willetts said that the bat problem “snowballed” five years ago when an old chimney in the village collapsed, prompting its residents to move into the church instead. She added that after signing up to the scheme, ecologists found gaps between the roof and the church and it was possible to block these gaps without harming the bats. She estimated that the church has received £100,000 worth of scaffolding, building, and ecological study works since applying for funding from the project. Rosemary Riddell, from the Bat in Churches project, said work at All Saints Church "has enabled us to sort of roll out solutions to other churches similar to Braunstone and it's really helped us to learn from their experiences". "[The church] was one of our guinea pigs and we're grateful for their engagement and involvement," she added. More than 100 churches have applied for the Bats and Churches Partnership, which monitors bats to see whether church managers could be allowed to take action to protect their historic buildings. It is funded by a multi-million-pound National Lottery grant.  All Saints Church at Braunston in Rutland, Credit: ./Photo Copyright John Robertson, 2017.  During the General Synod earlier this summer, The Telegraph reported that bats in the belfry were being mooted as a potential “tool for mission”.  Bishops visiting York were asked to answer more than 100 questions involving an array of controversial topics such as reporting abuse during confession, non-disclosure agreements and ethical investments in large technology companies; and one was on bats.  The Archdeacon of Lincoln, the Venerable Gavin Kirk, asked for an update on the progress of the Bats in Churches project, and “how those afflicted by bats may find out more about it?”  Sir Tony Baldry, chair of the Church Buildings Council, responded: “A number of projects involve volunteers from the community in managing and even exploiting the presence of bats, for school projects and the like. Bats might even prove to be a tool for mission, if we can get them to behave politely.” Asked how bats may prove to be tools for mission, Sir Tony told the media: “We have to work out how to encourage them out of the belfry to roost in bat boxes in churchyards. “They could then be of interest for projects for schools and A-level students studying the life cycles of bats and so on. They are part of God's creation and are interesting mammals. “There are serious challenges. They poo and urinate over large parts of the church, it is very distressing for parishioners on a Sunday to have to clear a whole load of bat poo off the altar and pews and so for some churches that bats have made almost unusable.”



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Farmer Behind the U.S.'s Largest Organic Food Fraud Scheme Dies by Suicide

Farmer Behind the U.S.'s Largest Organic Food Fraud Scheme Dies by SuicideA Missouri farmer blamed for running the largest organic food fraud scheme in U.S. history has died by suicide, weeks before he was to report to federal prison to begin serving a 10-year term, a coroner said Tuesday.



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Ponzi Scheme Victims Say Epstein Swindled Them

Ponzi Scheme Victims Say Epstein Swindled ThemPhoto Illustration by The Daily Beast/GettyIn a court filing last week, prosecutors said they had determined that financier Jeffrey Epstein was worth at least $ 500 million and earning $ 10 million a year—the first concrete details about his wealth to emerge in years.But while the documents confirmed that the accused sex trafficker is fantastically wealthy, the source of Epstein’s fortune remains a mystery. How did a money manager with a single confirmed client amass riches including a $ 77-million Manhattan mansion and his own private Caribbean island?Convicted financial swindler Steven Hoffenberg has offered an explanation: He claims Epstein is a Ponzi schemer who helped him bilk tens of thousands of investors in the 1980s and 1990s.“Epstein and the corporations he formed were my co-conspirators,” Hoffenberg alleged in an affidavit for a federal lawsuit.“Epstein has remained free and has used and benefited from the ill-gotten gains he amassed as a result of his criminal and fraudulent activities.”REVEALED: We Found Billionaire Pedophile Jeffrey Epstein’s Secret CharityHoffenberg is a cartoonish character who burst onto the public scene in 1993 when then-Gov. Mario Cuomo asked the bill-collection kingpin to rescue the New York Post, then owned by bankrupt real-estate titan Peter Kalikow.Hoffenberg had barely taken control of the paper, while waiting for his deal with Kalikow to go through, when the Securities and Exchange Commission, which had been investigating him for years, filed a civil suit against him and his company, Towers Financial.A year later, Hoffenberg was under indictment, charged with selling $ 460 million worth of bogus notes and bonds and using the proceeds from some to pay interest to others in what was then one of the biggest Ponzi schemes in history.He pleaded guilty, was sentenced to 20 years in prison, and was released in 2013. Three years later, he filed a lawsuit against Epstein, blaming him for the fraud and claiming that he had tried to warn authorities about Epstein’s financial chicanery for years.Epstein Offers to Put Up Mansion, Jet to Get Out of JailHoffenberg, often described as Epstein’s former mentor, has told journalist Vicky Ward that they met in the 1980s, shortly after Bear Stearns gave Epstein the boot over “illegal operations.” (Ward would discover a 1989 deposition for a civil case, in which Epstein admitted to a possible “Reg D” violation—allegedly loaning a friend $ 20,000 to buy stock—which led to his departure from the investment bank). Epstein was running his own consulting company, International Assets Group Inc., from his New York apartment.Hoffenberg claims he hired Epstein and that his purported protege devised a failed scheme to take over Pan American Airways and Emery Air Freight Corp, financing bids through Towers Financial’s acquisition of two ailing insurance companies in Illinois, Associated Life and United Fire. Epstein made trades through others, because he didn’t have a broker’s license, and he “misappropriated the proceeds for personal use in connection with his investment business,” Hoffenberg’s lawsuit alleges.Hoffenberg says he and Epstein, and others at Towers, promised to invest $ 3 million into the companies, in order to persuade the Illinois Department of Insurance to approve their acquisition. But instead, they used $ 3 million of the companies’ bonds to buy Pan Am and Emery stocks, the complaint states. As a result, the insurance companies allegedly lost more than $ 1 million.Epstein also “manipulated the price of Emery stock to minimize the losses which occurred when Mr. Hoffenberg’s and Mr. Epstein’s bids failed and the share price began to fall,” the lawsuit alleges. “This involved multiple brokerage accounts which were controlled by Mr. Epstein.”Feds: Epstein Has Been Paying Off Alleged AccomplicesMeanwhile, Hoffenberg alleges, Epstein was misappropriating and transferring the insurance companies’ investments and cash to brokerage accounts in New York.In 1991, the director of insurance for the state of Illinois sued Hoffenberg; Epstein was not a defendant, but the complaint claimed he and his company improperly received $ 215,000 worth of checks from the insurance companies’ accounts.When Towers became insolvent in the late 1980s, Hoffenberg and Epstein allegedly masterminded another Ponzi scheme by selling about $ 272 million in promissory notes. Towers provided investors with “bogus income and asset figures to conceal [its] true financial condition,” court papers allege.In 1990, the duo fraudulently sold about $ 210 million in bonds and again provided phony financial statements, the lawsuit says. The proceeds from the sale of bonds and promissory notes were used to pay Towers’ operating expenses.When the feds indicted Hoffenberg and he pleaded guilty, he did not implicate Epstein. But in the 2016 lawsuit, perversely seeking restitution on behalf of the victims, Hoffenberg claimed that for more than 15 years, he “has made every effort to expose Mr. Epstein’s fraudulent Ponzi schemes.”Epstein’s attorney, Bennett Moskowitz, asked Manhattan Federal Judge Richard Sullivan to dismiss the case, noting that another federal judge had previously warned Hoffenberg “against pursuing frivolous or otherwise improper litigation” related to his victims.“Hoffenberg’s victims, whom he is prohibited from contacting, are better positioned to pursue their own rights than the man who defrauded them,” Moskowitz wrote to the court.Hoffenberg ultimately withdrew the suit, saying the victims “may be in a better position to pursue and assert their own claims” against Epstein.In August 2018, two victims did file a class-action lawsuit against Epstein in New York, describing him as “an uncharged co-conspirator” of Hoffenberg’s Ponzi scheme and claiming Epstein used his ill-gotten gains “to support a lavish lifestyle.”Everything You Need to Know About the Jeffrey Epstein CaseThe complaint, filed by Marvin Gerber and Kalma Koenig, contains the same allegations surrounding the failed Pan Am and Emery acquisitions. Epstein, they said, manipulated the stock price by opening a number of brokerage accounts to execute false trades and artificially inflate the price of Emery stock. “As the puppet master of Emery stock fraud, Epstein was making sizeable profits off his trading on insider information,” the lawsuit states.The victims’ complaint alleges that prosecutors offered Hoffenberg a reduced sentence in exchange for divulging information about his co-conspirators, but Hoffenberg didn’t provide any intel on Epstein—until his lawsuit in May 2016. In a September 2018 motion to dismiss the victims’ suit, Moskowitz stated “Hoffenberg remains intent on shifting blame for his own massive Ponzi scheme.” He argued the victims’ claims should be dismissed because the statute of limitations had passed and because Epstein’s firm wasn’t even formed until several years after the Ponzi scheme in question.In October 2018, Gerber and Koenig voluntarily dismissed their complaint, without prejudice, leaving them open to filing claims in the future.When Epstein was first accused of trafficking underage girls, in Florida in 2005, Hoffenberg was still in prison, serving his sentence for the Ponzi scheme. Epstein dodged a federal indictment and pleaded guilty to a state charge of prostitution, serving 13 months, mostly work release.But Hoffenberg was a free man when Epstein was arrested last week on federal sex-trafficking charges in New York. He gave an interview to Quartz in which he reiterated his claims that Epstein was his accomplice.“He was my colleague daily, seven days a week,” Hoffenberg said.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.



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He was abducted and forced into a deadly scheme to extort marijuana from his father

He was abducted and forced into a deadly scheme to extort marijuana from his fatherYoung entrepreneur Curtis Jenkins III from Camden was kidnapped and killed after being lured to Fairview address, authorities say.



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