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Marin County ‘Investment Advisor’ Accused By SEC Of $4.5 Million Fraud

James Michael Murray, 42, of Larkspur, Marin County, stands charged by the SEC of using a false audit report to raise more than $4.5 million for investing in a hedge fund stated to invest in domestic equities… (full story)

Florida Man Who Ran A $14.8 Million Real Estate Ponzi Scheme To Plead Guilty April 5

Youngstown, FLA – Lakeland-based David L Olson, founder of A&O Companies, a company that defrauded 100 victims in nine states in a $14.8 million Ponzi scam, will plead guilty April 5 before Hon. Benita Y Pearson, Northern District Judge, according to court records. According to the indictment, Olson founded and was president of the A&O… (full story)

Orlando Man Gets Seven Years In Jail For Bilking Elderly Victims Of $789,000

Asheville, NC – United States District Judge Martin Reidinger sentenced Orlando-based Terry Scott Hyder, 51, to federal imprisonment of seven years after Hyder pled guilty to charges of wire fraud, according to a joint announcement by U.S. Attorney Anne M Tompkins and Special Agent in Charge of the FBI, Chris Briese. The defendant was also… (full story)

Upstate Councilman Charged With Scamming Investors

Ronnie Gene Wilson, a former County Councilman with Anderson County has been charged with conning investors to the tune of $70 million. The complaint has been filed against him by the South Carolina securities commissioner. Wilson managed to get people to believe that they were investing in silver but was doing no such thing, according… (full story)

Ohio Group President Admits Guilt

Telson Okhio, president, Ohio Group Holdings Inc., has entered a guilty pleas for his role in wire fraud. Okhio could be facing a maximum sentence of 20 years in prison. Ohio Group Holdings and Okhio have been committing fraud in 2009 when Okhio impersonated an investment advisor. According to the charges filed against him, the… (full story)

Ex-IRS Agent Turned Con-Man Pleads Guilty to Fraud

George Tannous, a former IRS agent has been given a three year prison sentence for his part in an investment scheme that conned victims of more than $8 million. Tannous entered a guilty plea in 2008 after his firm, Bidbay.com helped bilk money from investors. His guilty plea is for 1 count of conspiracy and… (full story)

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