Madoff employeed several members of his family in the business. In 1970 his brother Peter became the firm's chief compliance officer. Later, Madoff's sons Andrew and Mark also worked for the company as traders. Peter's daughter, Shana, became a rules-compliance lawyer for the trading division of her uncle's firm, and his son, Roger, joined the firm before his death in 2006. In December of 2008 Madoff then admitted that a branch of his firm was actually an elaborate Ponzi scheme.
His sons turned him in and he was arrested the next day. Madoff eventually admitted that he has lost $50 billion of his investors’ money. He then plead guilty to 11 felony charges. He was sentenced to 150 years in prison. Some people may question how this scheme was able to go on for so long with nobody catching on.
Four months later Enron filed for bankruptcy. C. Skilling had overstated Enron’s profit in calls to invertors and in press releases. D. Skilling hide more losses, he had arranged deals between Enron’s executives and third parties, which he falsely portrayed to Enron’s accountants and to the Securities and Exchange Commission as producing income. E. Skilling was convicted in a federal district court of various crimes, including conspiring to commit fraud to deprive Enron and its various holders of the “honest services” of its employees. F. He was sentenced to 292 months’ imprisonment and three years’ supervised release, and order to pay $45 million in restitution.
Research the Exxon Valdez and Prince William Sound Case in Box 3.2 on page 67 of your Trusted Criminals text. Answer the following questions: 1. What has happened to the key players since the events in this case? Captain Joseph Hazelwood, was charged but then cleared at the trial of being drunk when the accidents happen, that is why he was sleeping. He was found guilty of a misdemeanor and fined $50,000.00 and had to do 1000 hours of community work.
THE TROUBLE WITH BACKGROUND CHECKS; Employee screening has become a big business, but not always an accurate one. This article presented instances of people who claimed that background screening firms ruined their chances at job opportunities. In each case the applicants, Ted Pendergrass, Theon Carter, John Griffith, and Ingrid Morales, all have claims that background screening firms have inaccurate information. Ted Pendergrass applied and was rejected for the store supervisor job at Walgreens in November of 2006. The reason, a background screening firm called ChoicePoint, which is the largest screening firm in the United States for corporate employers, had reported to Walgreens that Mr. Pendergrass had a record of “cash register fraud and theft of merchandise” totaling over $7,000.
In the retrial, the prosecution was allowed to show that the defendants, in surrendering their licenses last year, admitted they had violated ethics rules by failing to tell their clients the total amount of the settlement, the number of other clients, and the fact that they were taking more than 49 percent of the settlement as fees, well above the amounts set in their contract (Wolfson, 2009). Shirley Cunningham Jr. and William Gallion were convicted on April 3, 2009 after a jury found the disbarred lawyers guilty of conspiracy and wire fraud charges in relation to a $200 million 2001 Fen-Phen settlement that should have gone to 440 former clients they represented in the 2001 Boone Circuit Court case. The jury's guilty verdict came after two days of deliberations and after hearing more than five weeks of testimony in the trial (Musgrave, 2009). A federal jury ruled on April 7, 2009 that Cunningham and Gallion must forfeit $30 million, and they must also turn over an unspecified amount held in separate accounts, this could be as much as $20 million more. The separate accounts the jury referenced had comprised the Kentucky Fund for Healthy Living Charity account, which the former lawyers set up using money collected in the scheme (Biesk, 2009).
He closed many of Capone’s breweries and speakeasies, and slowly brought his empire down. Convicted of Income Tax Evasion The federal government finally managed to arrest him by prosecuting him for income tax evasion in 1931. He was tried, found guilty, and sentenced the next year to 11 years in the federal penitentiary in Atlanta, Georgia. But he was still able to oversee his criminal empire from his cell. In 1934, he was transferred to the new federal prison at Alcatraz Island, built to hold the country's worst criminals, in San Francisco Bay.
Hayley Masi February 21st, 2013 Lipman Law Essay Innocent 1979, Gary Dotson was convicted of rape and aggravated kidnapping in Illinois and spent ten years in prison. 1982, Charles Dabbs was identified as one of the assailants in a rape of his distant cousin in New York. He spent seven years in jail before DNA testing showed that he was not a part of the rape. Also in 1982, Bruce Nelson was implicated in a rape and murder based off of the confession of Terrence Moore, who was also charged in Pennsylvania. After spending nine years in prison JNA testing proved that Nelson was innocent.
The largest case of online identity theft was about Albert Gonzalez (the mastermind) and other conspirators that made off with over 130 million credit and debit card numbers from late 2006 to early 2008. They gained access to the computer networks of Heartland Payment Systems, 7-Eleven Inc., Hannaford Brothers, T.J. Maxx, and Dave & Buster’s. Gonzalez cost companies, banks, and insurers almost $200 million dollars while he lived a lavishing life and was sentenced to 20 years which made his sentence the harshest ever for computer crime in an American court because it was one of the largest cyber thefts in US history, http://graphics8.nytimes.com/packages/pdf/technology/Gonzales_Indictment.pdf is the indictment. Abraham Abdallah was a Brooklyn busboy that used the Internet to obtain access to the private finances of more than 200 of the riches people in America that were listed in Forbes magazine by skillfully using computers in a Brooklyn library. He breached the bank, brokerage, and credit card accounts of tycoons and celebrities such as CNN founder Ted Turner, George Soros, and Warren Buffet.
(Department of Justice, 2009) That is approximately 18,000 kilograms of cocaine per year in the city of Chicago. The Los Zetas were founded in 1999 by the Mexican Army’s elite forces that left the army and joined with another organization (Gulf Cartel). In 2010, the Los Zetas defected from the Gulf cartel and created their own organization. “The U.S. government says Los Zetas is “the most technologically advanced, sophisticated and dangerous cartel operating in Mexico.” (CNN, 2009) In November, 2010 a drug dealer that was supplied by the Los Zetas Cartel was sentenced to 210 months in prison for conspiracy to distribute and possess with intent to distribute more than