Charles Ponzi

I file this complaint against United Bank 129 Main Street, Beckley, West Virginia. United Bank facilitated a lengthy fraud-for-profit scheme. Former United Bank Vice President Michael Farris, United Title employees, United Bank’s escrow attorney James Sheatsley, United Bank Vice President Larry Conway, and other United Bank employees took part in the criminal enterprise. In addition, Zaferatos Appraisal, United Bank’s exclusive appraiser, performed inflated appraisals in all properties used in…

occupied with making a Ponzi plan out of gluttony. Madoff He began implementing his hoax about a quarter century ago. An actuality that is much all the more disturbing about the way of this trick is the measure of philanthropies that were involved. It takes an unreasonable sense of greed to trick cash from philanthropies and houses of worship. The hoax itself bewildered numerous of people on Wall Street. Everybody in New York should know how Madoff could have pulled off this Ponzi hoax.…

White-collar crime refers to a nonviolent crime that is financially motivated and committed by any business or government official to obtain profits for personal advantage. (Buell, 2014). White-collar crimes ranges from fraud, Ponzi schemes, forgery and insider trading, a substantial amount of all white collar crimes offender’s live by privilege and power (Evertsson, 2013). Although, numerous amounts of white-collar crimes and offenders are caught by law enforcement, a substantial amount of…

Money laundering is to hide the origin of such proceeds obtained through crime, or change the form of money or means to disguise the true owner. Illegal money laundering scale goes from around the world showed that up to $ three trillion 8650 a year. In countries that astronomical proceeds of crime are converted into legitimate funds through financial institutions such as banks are struggling to prepare countermeasures. According to UNODC, The funding of up to 5% of the world's 189 countries in…

The self-made teenage millionaire Berry Minkow used to be called Whiz kid by founding his own carpet cleaning company, Z-Best, which was net worth over million dollars. After few years, his net worth was accused by bank fraud, embezzlement, and securities fraud which are typically fraud risk and because of insufficient proof as well as fake evidence caused him in jail more than a decade (Video A). 1. Fraud Risk: First of all, fraud risk defined as two different frauds which are individually…

Ponzi Scheme; the act of taking money from one person as an investment, then taking money from another, only to give a portion of the second persons money to the first investor as a supposed return on their previous investments. The notorious Bernie Madoff used this simple concept to essentially steal billions of dollars from people all around the world. In 1960 Madoff founded the investment firm Bernie L. Madoff Investment Securities LLC, and he sat as chairman of the company for the entirety…

Crazy Eddie Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Eddie was a family man, a ladies man, and a rich man. Eddie was a millionaire, with roughly 53 million dollars in swiss bank accounts until he was caught by the downfall of his family Antar was born in Brooklyn, NY on December 18, 1947. He grew up in Brooklyn, with his…

The Madoff Ponzi scheme took place on September 2008, which was one of the largest Ponzi scheme ever seen in U.S. History. The Madoff Ponzi scheme impacted, investors, families, employees, and as known the Madoff family fell apart. While the Madoff Ponzi scheme was not yet discovered, it all goes back from the beginning when Bernie founded the company with $5000.00 in 1960 from his lifeguard job back in the day. Bernie commented that he did not begin his company with such scheme. In fact, the…

A tall lone figure was at an unknown location in New York. The mysterious individual was dressed in a thick coat that was as black as the night sky. Sitting at his grand desk, he started to plan his revenge. This evil villain’s name was Sin Rostro.Also in New York lived an honourable hero. He was named NINDROID 27. He had humongous muscles and was the local hero of the people in the ‘Big Apple’. Fighting villains was his life. NINDROID 27 could lift 50 cars with ease and could fly speedily in…

Nathalie DERMESROBIAN II. The Vulnerability of the Indo US Relations: The Devyani Khobragade Case A. Events: Devyani Khobragade, the Indian Deputy Consul General in New York, was charged, on the 11th of December 2013, with visa fraud, sentenced at a maximum of 10 years in prison, as well as making willingly false statements , sentenced at a maximum of five years of imprisonment . A warrant was issued and Khobragade was arrested on the December 12th of 2013, after dropping off her children at…