October 23, 2009 – Milton Retana, 43 from Norwalk, California, was arrested in December 2008 for allegedly running a $62 million Ponzi scheme that involved over 2000 investors. Retana perpetrated the alleged scam through his company Best Diamond Funding, a real estate brokerage and mortgage lending firm. According to the…
October 23, 2009 – The SEC and CFTC have filed civil actions against David F. Merrick and his Trader’s International Return Network ( TIRN ), and Merrick’s other corporate shells, most of them registered in Florida. The government alleges that Merrick and TIRN operated a $22 million Ponzi scheme, raising…
October 19, 2009 – Marianne Murphy, 47 from Medford, Massachusetts, was pronounced dead after suffering serious personal injuries during a car accident on Route 93. Murphy was riding in the front passenger seat. Gerald Murphy, 48 also from Medford, was driving a 2010 Toyota, in which Mrs. Murphy was…
October 19, 2009 – Robert Coffey, 46 years old from Attleboro, Massachusetts, died Sunday as a result of serious personal injuries sustained while he was a passenger in the car of a drunk driver who lost control of his Dodge Durango. Shawn Potrzuski, 32 also from Attleboro and Coffey’s…
October 15, 2009 – Susan Lepage, 46 from New Bedford, Massachusetts, died Wednesday as a result of serious personal injuries sustained in a head-on collision on Route 195 in Dartmouth. Dakota Jones, 21 from Marston Mills, was driving a 1997 Mitsubishi Diamante that smashed into Lepage’s 2005 Ford Mustang.…
October 15, 2009 – The SEC has filed an emergency civil action against David F. Merrick, Traders International Return Network (TIRN), MS Inc., GTT Services, Inc., MDD Consulting, Inc., and Go ! Tourism, Inc alleging financial fraud. According to the complaint, Merrick and his business entities operated a $22 million…
October 15, 2009 – Cedars-Sinai Medical Center in Los Angeles, California admitted Monday that a mistake in default settings on a CT scanner used to perform brain scans on patients resulted in an increase in the amount of radiation emitted by the machine. The mistake occurred in February, 2008 when the…
October 13, 2009 – Scott Coop, 27 years old from Fall River, Massachusetts, has died as a result of serious personal injuries sustained in a motorcycle crash on Sunday. The accident occurred on Route 79 south in Fall River just after 2:30 p.m. According to police, Coop lost control…
October 9, 2009 – Gregory Bell, a former Chicago hedge fund manager and owner of Lancelot Investment Management, LLC, pled guilty to one count of wire fraud yesterday in the United States District Court for the District of Minnesota. Wire fraud carries a maximum of 20 years imprisonment and a…
October 9, 2009 – Richard M. Harkless, 65 years old from Riverside, California, was sentenced to 100 years in federal prison on September 28, 2009. Harkless was convicted of three counts of mail fraud, three counts of wire fraud, and one count of money laundering. Apparently Harkless operated a multi-million…