Tag Archives: fraud

Eight People Indicted in NCAA Bribery Scandal

A series of indictments unsealed on Wednesday, November 8, 2017 reveal more of the iceberg of the dark underbelly of college basketball. The scandal was publicized in September when ten individuals were arrested. The new indictments named Adidas executive Jim Gatto, sports agent Christian Dawkins, Auburn University associate head coach Chuck Person, Oklahoma State University assistant coach Lamont Evans, University of Arizona assistant coach Emanuel Richardson, University of Southern California assistant coach Anthony Bland, former Adidas adviser Merl Code and former NCAA referee Rashan Michel.…

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Bribery Scandal Rocks the NCAA

Federal investigators in New York arrested ten individuals and then publicized three complaints on Tuesday, September 26, 2017 that depict a thriving black market for teenage athletes and “the dark underbelly of college basketball.” The covert probe began in 2015, when a fallen financial adviser agreed to wear a wire for the FBI. Calls and meetings were wiretapped, and coaches unknowingly talked to undercover agents posing as financial advisors. One scheme involved four NCAA assistant basketball coaches at schools in the “Power 5” conferences of…

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Defrauding Chicago’s Legendary Team

The jury needed less than five hours to decide whether a rooftop owner defrauded the Chicago Cubs. On July 22, 2016, a jury convicted Marc Hamid of fraud and illegal bank structuring. Hamid had once been co-owner of Skybox on Sheffield, a rooftop that charges clients to drink, eat, and watch Chicago Cubs games from outside the field. Additionally, Hamid owned two ticket brokerage companies, JustGreatTickets.com and Just Great Seats. Following his indictment in March, Hamid was terminated and relieved of his duties and involvement…

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Texas Supreme Court Agrees to Hear Golf Channel Ponzi Scheme Question

In 2012, R. Allen Stanford, a former financier and professional sports sponsor, was convicted of various fraud, money laundering, and conspiracy charges based on his role as the head of massive Ponzi scheme.  His more than $7 billion certificate of deposit fraud landed him in prison for 110 years.  Since that time, a court-appointed receiver has been attempting to recover the money from various sources. While the fraud was ongoing, it got so large that Stanford used mass marketing to get the word out about…

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Reality TV Star “Bridezilla” Charged with Workers’ Compensation Fraud

Anita Maxwell, a guest on Season 4 of the reality television show “Bridezillas” in 2007, was recently arraigned in California on multiple felony charges stemming from allegations of workers’ compensation fraud resulting in improper receipt of over $40,000 in benefits. Maxwell, who also was left at the altar during her appearance on the popular show, was employed by the Cedars-Sinai Health System and came under investigation in 2012 after a claim for a neck, back, and shoulder injury.  Reportedly, Maxwell denied pre-existing conditions although she…

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Real Prison Sentence for ‘Real Housewives’ Stars

On Thursday, October 2, reality television stars, Giuseppe and Teresa Giudice were sentenced to staggered prison sentences for several counts of fraud. The married couple, starring on Bravo’s “The Real Housewives of New Jersey” were indicted in 2013 on 39 counts of conspiracy to commit mail fraud, wire fraud, bank fraud, bankruptcy fraud, and making false statements on loan applications.  Additionally Giuseppe failed to file tax returns for the years 2004 – 2008.  The couple originally pleaded not guilty, but changed their mind in March…

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Armstrong Can’t Escape DOJ Fraud Suit

On Thursday June 19, 2014, Judge Robert Wilkins of the United States Court of Appeals for the District of Columbia ruled on Lance Armstrong’s motion to dismiss the fraud case he is facing against the US Department of Justice. In an 81 page ruling, Judge Wilkins denied Armstrong’s request without prejudice. Armstrong argued that the case should be dismissed on two grounds. First, he argued the six-year statute of limitations on bringing the suit had run. He also argued the government knew he was using…

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Beastie Boys Trial Against Monster Energy Drinks Begins

In 2012, the Beastie Boys brought suit against Monster Energy Drink, claiming both copyright infringement and unfair competition resulting from Monster’s use of their songs in an online promotional video.  The Beastie Boys are seeking $2 Million in damages. The controversy stems from a promotional video about a snowboarding competition in Canada called “Ruckus in the Rockies,” which is organized and sponsored by Monster.  After the event, Monster posted a video online of the competition and the after-party, including a mash-up mix performed by DJ…

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James Franco’s Management Team Suing Former Members for Embezzlement

On April 18, 2014, the management firm of Hollywood actor James Franco sued his recently fired talent manager Miles Levy and financial manager Steve Blatt in California state court, alleging that both conspired to fraudulently bilk the actor out of millions of dollars.  The suit, filed by Randy James of James Levy Management, accused the defendants of “embezzl[ing] significant sums in commissions [ ] for nearly a decade . . . .  The thieves have been caught and the day of reckoning has arrived.”  Among…

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Costner Claims Robin Hood Production Company is Robbing From the Rich, Giving to Themselves

On August 8, 2013, Los Angeles Superior Court Judge Richard Stone denied, for a second time, actor Kevin Costner’s claim that Morgan Creek Productions Inc. fraudulently denied him profits from the 90’s hit film Robin Hood: Prince of Thieves.  However, Judge Stone granted the actor leave to amend the complaint to re-plead a claim for fraud keeping alive the possibility for a damages award more significant than one based solely on breach of contract. In his decision, Judge Stone found insufficient facts to…

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