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Monday, August 21 2017 @ 08:46 PM CDT
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Norfolk: Developer Sentenced in $61 Million Bank and Historic Tax Credit Fraud Schemes

Eric H. Menden was sentenced to more than 11 years in prison for engaging in a $41 million bank fraud scheme that contributed to the failure of the Bank of the Commonwealth and a separate historic-tax-credit fraud scheme that cost state and federal governments over $12 million and investors more than $8 million. 

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Investing in Africa: opportunities and challenges

Sub-Saharan Africa will be home to 7 of the world's 10 fastest growing economies in the next five years. U.S. Sen. Christopher Coons joins top African investment managers and business leaders before a live audience to identify key opportunities and ways to address risks, in a panel moderated by Editor-at-Large Sir Harold Evans. (September 27, 2012) 

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Treasury Takes Additional Action Against the Sinaloa Cartel

Treasury Targets Close Associate of Joaquin “Chapo” Guzman Loera 
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced the designation of Victor Manuel Felix Felix, a close associate of fugitive drug lord Joaquin “Chapo” Guzman Loera, leader of the Sinaloa Cartel. Felix Felix plays a key role in Chapo Guzman’s drug trafficking organization and is the father-in-law of Guzman Loera’s son. OFAC also designated four other individuals collaborating with Felix Felix and the Sinaloa Cartel. Today’s action, pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act), prohibits U.S. persons from conducting financial or commercial transactions with these individuals and freezes any assets they may have under U.S. jurisdiction. 

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Treasury Designates Syrian Entity, Others Involved in Arms and Communications Procurement Networks and Identifies Blocked Irania

Iran Air in Damascus Syria Treasury Actions Target Syria’s Army Supply Bureau, Belarus-bas​ed Arms Company, and more than 100 Iranian Aircraft. State Department also Targets the Director of Syria’s Scientific Studies Research Center

WASHINGTON – The U.S. Department of the Treasury today imposed sanctions against entities that support the Assad regime’s efforts to procure arms and communications equipment that contribute to the regime’s violence against the Syrian people.

Syria's Army Supply Bureau and Belarus-based Belvneshpromservice are being designated today pursuant to Executive Order (E.O.) 13382, which targets the assets of proliferators of weapons of mass destruction and their supporters. The Department of the Treasury also is identifying the Army Supply Bureau as being part of the Government of Syria pursuant to E.O. 13582. The U.S. Department of State today is also designating the Director of Syria’s Scientific Studies Research Center (SSRC), Amr Armanazi, under E.O, 13382.  

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14 charged in $65 million income tax refund fraud scheme

NEWARK, N.J. – One of the nation's largest and longest running stolen identity tax refund fraud schemes – involving more than 8,000 fraudulent U.S. income tax returns seeking $65 million in illicit refunds – has been shut down by a New Jersey-based task force. U.S. Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI) special agents assisted in the investigation as part of the New Jersey Financial Crimes Task Force. 

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HSI delivers $2 million check to the Bailiwick of Jersey for assistance in drug trafficking case

LONDON — The U.S. government has delivered a check to the Bailiwick of Jersey, a United Kingdom Crown Dependency, for $2 million. The check was turned over to the attorney general for Jersey Monday by U.S. Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI) London attaché. 

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Stealing Globex Computer Trade Secrets

Former CME Group Software Engineer Pleads Guilty to Stealing Globex Computer Trade Secrets While Planning to Improve Electronic Trading in China
 CHICAGO: A former senior software engineer for Chicago-based CME Group Inc. pleaded guilty today to theft of trade secrets for stealing computer source code and other proprietary information while at the same time pursuing plans to improve an electronic trading exchange in China. The defendant, Chunlai Yang, admitted that he downloaded more than 10,000 files containing CME computer source code that made up a substantial part of the operating systems for the Globex electronic trading platform.

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AU Optronics Corporation Sentenced to Pay $500 Million Criminal Fine

Company Also Sentenced to Adopt Antitrust Compliance Program; Former Top Executives Each Sentenced to Serve Three Years in Prison and to Pay Criminal Fine
WASHINGTON -
Taiwan-Based  AU Optronics Corporation, a Taiwan-based liquid crystal display (LCD) producer, was sentenced today in U.S. District Court in San Francisco to pay a $500 million criminal fine for its participation in a five-year conspiracy to fix the prices of thin-film transistor LCD panels sold worldwide, the Department of Justice announced. Its American subsidiary and two former top executives were also sentenced today. 

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Online Poker Executive Pleads Guilty in Manhattan Federal Court

New York: Online Poker Executive Pleads Guilty to Money Laundering, Bank Fraud, and Internet Gambling Offenses. Preet Bharara, the United States Attorney for the Southern District of New York, announced today that Nelson Burtnick, who previously served as director of payments for Pokerstars and Full Tilt Poker, pled guilty in Manhattan federal court to conspiracy to commit unlawful Internet gambling, bank fraud, money laundering, and gambling offenses in connection with a scheme to deceive banks into processing hundreds of millions of dollars of Internet gambling transactions. Burtnick, a Canadian citizen and resident of Ireland, pled guilty before U.S. Magistrate Judge Gabriel W. Gorenstein.

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Jon Michael Harder, 47, voluntarily surrendered to U.S. Marshals yesterday

PORTLAND, OR   Jon Michael Harder, 47, a resident of Oregon and North Dakota, voluntarily surrendered to U.S. Marshals yesterday, after an arrest warrant had been issued on a 56-count indictment returned by a federal grand jury in Portland. The indictment charges Harder with defrauding more than 1,000 investors out of approximately $130 million during the period 2006 to 2008. He is scheduled to be arraigned in the District Court in Portland at 1:30 - 09/21/ 2012. 

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