Steve Neavling ticklethewire.com Solomon Dwek, the informant behind the largest FBI sting operation in New Jersey history, was sentenced Thursday to six years in prison in an unrelated scheme, the Star-Ledger reports. Dwek was facing up to 11 years but received a sentence reduction in exchange for helping in “one of the most far-reaching, and…
Steve Neavling ticklethewire.com Former University of Georgia football coach Jim Donnan faces financial penalties and potential criminal charges in connection with a business venture, the Atlanta Journal-Constitution reports. “He capitalized on his influence over one former player by telling him, ‘Your Daddy is going to take care of you’ … ‘if you weren’t my son,…
Shoshanna Utchenik ticklethewire.com Keith Franklin Simmons, 47, of North Carolina, was sentenced Wednesday to 50 years in prison for an elaborate Ponzi scheme that devastated hundreds of investors, mostly elderly and vulnerable, the U.S. Attorney’s Office announced. A disgusted U.S. District Judge Robert Conrad Jr. and agents involved in his case described Simmons as a…
By Allan Lengel ticklethewire.com Convicted swindler Bernie Madoff won’t be attending the funeral of his son Mark, who committed suicide in his Manhattan home over the weekend, the Wall Street Journal reported. “Mr. Madoff will not be attending the funeral out of consideration” for his family, attorney Ira Sorkin…
By Allan Lengel For AOL News While 72-year-old swindler Bernie Madoff serves a 150-year sentence behind bars, federal authorities are working to use his ill-gotten gains to repay his many victims. On Wednesday, in the latest court filing in U.S. District Court in Manhattan, the U.S. Attorney’s Office said the government so far has recouped…
By Allan Lengel For AOL News WASHINGTON — FBI agents are supposed to unearth scams, not become victims of them. This time is different. Up to 300 or so retired and current federal agents from the FBI and Drug Enforcement Administration and Immigration and Customs Enforcement (ICE), invested collectively tens of millions of dollars of…
By Allan Lengel ticklethewire.com Former NFL player Reed Kyle Diehl, who pleaded guilty to clipping investors in a $5 million Ponzi scheme, is headed off to prison. U.S. District Judge David O. Carter of Santa Anna, Calif., sentenced the 31-year-old former offensive lineman for the Tennessee Titans on Monday to 4 years and 9 months…
By Allan Lengel ticklethewire.com WASHINGTON — The Bernie Madoff story has no happy ending. In fact, at this point it has no ending. The latest twist came Sunday when philanthropist Jeffry M. Picower, 67, who is accused of earning about $7 billion from Madoff’s Ponzi scheme, was found dead in his Palm Beach mansion pool,…
