Author:rainmakeradmin

Wednesday, November 30, 2011 Arizona's Attorney General has filed a lawsuit against several Phoenix-based telemarketing companies, alleging that these companies defrauded consumers of millions of dollars. According to the lawsuit, the companies targeted consumers who were interested in home- based business opportunities, and defrauded them of $6...

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Monday, December 31, 2012 A former bishop of the Church of Latter-Day Saints has been charged with investment fraud, involving members of his congregation. The man faces several criminal charges. According to the charges that that have been filed against Chad Bennett Reid, he defrauded members of...

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Thursday, January 24, 2013 Spurred by complaints by a prominent investor of the company, the Securities and Exchange Commission has begun an investigation into the operations of prominent nutritional product manufacturer, Herbalife. Herbalife, which describes itself as a “global nutrition company that has helped people pursue healthy...

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Friday, February 22, 2013 A Scottsdale man has been arrested and charged with stock fraud involving an operation in which, authorities allege, he swindled more than $30 million from investors. The operation involving manipulation of share prices in small companies, and as many as 20,000 investors are...

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Tuesday, March 19, 2013 Well-known Armenian-American mobster Armen "Pzo" Kazarian was sentenced to 7 years in federal prison recently after being convicted for Medicare fraud. He has been accused of perpetrating the fraud that is estimated to be worth $100 million. According to the US Attorney General,...

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Saturday, April 06, 2013 A federal grand jury has indicted 4 persons on serious mortgage fraud related charges. The 4 face charges of wire fraud, failing to file tax returns, filing false tax returns as well as bank fraud. The indictment names the 4 persons, all residents...

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