By Chuck Gallagher on
4/24/2008 11:30 PM
This was a day that famed actor Wesley Snipes did not want to see. This day was life changing for him. Wesley Snipes will never truly be the same as time in prison will change your perspective. I know. I have been there. And while I write and speak about white collar crime and the consequences of the choices we make, I share no joy in what Snipes will be facing.
But, as I say often, Every choice has a consequence and Snipes made some mighty strong and profound choi ...
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By Chuck Gallagher on
4/24/2008 11:28 PM
Let me help you states a former IRS agent. Problems with the IRS - I'm there for you!
George Tannous was the man, so thought hundreds of people from around the country. Apparently so did the government, as George Tannous, 51, of Tujunga, was charged in a two-count information that accuses him of conspiracy to commit securities fraud and subscribing to a false tax return. In a plea agreement Tannous agreed to plead guilty to the two felony counts
A former revenue agent with the Internal Revenue Service was charged in relation to a securities fraud scheme that took more than $10 million from hun ...
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By Chuck Gallagher on
4/24/2008 11:27 PM
Even as this is being written, Wesley Snipes is likely in court finding out his sentence for his conviction for failure to file income taxes.
The following are excerpts from his defense team:
- For these misdemeanor convictions, Mr. Snipes respectfully requests that this Court impose a sentence of probation that does not include imprisonment. Such a sentence reasonably provides just punishment, protects the public, promotes respect for the law, affords adequate deterrence and promotes rehabilitation.
- He is contrite, promises that he will never again break the law, and respectfully asks the Court
to consider not just the jury verdict but also all ...
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By Chuck Gallagher on
4/24/2008 11:26 PM
Just seven days before Wesley Snipes finds out his sentence for failure to file his tax returns, it seems that the government is busy sentencing others, including one of their own. Now, seldom do you find an IRS agent facing the Justice Department, but in this case his actions not only cost him his job, but also his freedom.
HARRY WILLNER - a former Internal Revenue Service (“IRS”) Revenue Agent - was sentenced to a year in jail for carrying out a scheme to obstruct the IRS by fraudulently attempting to sell to other taxpayers, and fraudulently using on his own personal income tax returns, tax losses belonging to a separate company he controlled. You've got to know that WILLNER clearly knew better. Surely, he didn't think that he would get by with such actions?
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By Chuck Gallagher on
4/24/2008 11:25 PM
I remember the day - a fateful day - when it all began to unravel. As soon as the first words were spoken in that phone conversation, I knew that my life was about to change and change for good. For me, all this took place in November of 1990. As I talked to one of my partners on a break from business out of town, I was innocently confronted by a fact that I had kept hidden - the fact that I had embezzled money.
My partner was unaware that there was anything wrong. He was just trying to help me by meeting a clients needs. But by doing so, I knew that my shadow side was soon to be exposed. I was a thief - a white collar criminal - and the time had now come for me to face the consequences of my actions.
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By Chuck Gallagher on
4/24/2008 11:24 PM
In an article written by Matthew Goldstein in TheStreet.com he states:
In three short days, Phillip Bennett, the ousted CEO of embattled brokerage Refco(RFX - Cramer's Take - Stockpickr), has gone from Master of the Universe to criminal defendant in a fraud that has stunned Wall Street and ravaged the company's stock.
With lightning speed, federal prosecutors arrested Bennett and charged him Wednesday with orchestrating a brazen scheme to paper over h ...
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By Chuck Gallagher on
4/24/2008 11:22 PM
Over the course of the past six months, I've had the privilege of watching one of the most interesting battles take place between a powerful Senator and a popular Minister - Grassley vs. Copeland. I am doubtful that many reading this are not fully aware of the background so I won't spend much time reviewing that - (however, I will, toward the end of this blog point out some of the more interesting questions asked by Grassley of the Copeland Ministries).
While many of the six ministries have complied in one form or another, Copeland's ministries have been blatant about their refusal to comply completely. A letter dated March 31, 2008 was sent to Senators Max Baucus and Charles Grassley outlining the Kenneth Copeland Ministries position. The full letter can be foundRead More »
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By Chuck Gallagher on
4/24/2008 11:20 PM
Anyone accused of a crime deserves their day in court. Former mayor Sharpe James got his and along with it a big fat guilty verdict for his unethical behavior! Guilty on all corruption charges that enabled his girlfriend, Tamika Riley, to fraudulently obtain steeply discounted city-owned land and resell it for hundreds of thousands of dollars in profits.
Riley was convicted with James on the same five charges: three counts of mail fraud related to the sale of the city lots to Riley, one count of fraud involving a local government receiving federal funds, and one count of conspiracy to defraud the public ...
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By Chuck Gallagher on
4/24/2008 11:19 PM
Quoted as being far worse in scope than the Savings and Loan crisis of the 1980's, the FBI is dealing with a flood of mortgage fraud cases of unprecedented scope.
The picture below is from the FBI's web site - which show an actual property used in a Mortgage Fraud Scheme. No wonder the problem is what it is today...
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By Chuck Gallagher on
4/24/2008 11:18 PM
Twenty years in federal prison for fraud - by anyone's standards, that's painful. But this story goes, in some ways beyond pain. You see...Michael Rich - just sentenced to 20 years in prison is 71 years of age. (Rich
is also known as Richard Forbes Williams and Michael Richard Brown.)
What a way to retire. But the rest of the story is his wife, Phyllis Marks Rich, age 70, was sentenced to 51months for her ...
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