[ Login ]   [ Register ]

Law »

End of the road for a conman

End of the road for a conman

David Larter August 5, 2009 0

Edward Okun, president of the now-defunct 1031 Tax Group, is going to spend the rest of his life in prison; or at least the next 100 years of it

Read More »
Legislators have their hands out

Legislators have their hands out

Al Harris June 11, 2009 0

Richmond’s congressional delegation has submitted earmark requests for more than $105 million in federal funding for projects in the metro region for fiscal 2010. The projects run the gamut from local hospitals to economic

Read More »
Ponzi trial with a twist

Ponzi trial with a twist

Aaron Kremer June 5, 2009 1

As far as alleged Ponzi schemers go, Darrell and Cynthia Underwood were almost monastic in their spending. Under the name Walkwood Properties, which had offices in Midlothian, the Underwoods promised investors 50 percent returns

Read More »
Man accused of $8 billion fraud found in Fredericksburg

Man accused of $8 billion fraud found in Fredericksburg

Al Harris February 20, 2009 0

Sir R. Allen Stanford, who is accused by the Securities and Exchange Commission of perpetrating an $8 billion financial scheme, was found in Fredericksburg yesterday by Richmond FBI agents. The Texas native, who resides

Read More »
Beware snail mail ‘phishing’ scam

Beware snail mail ‘phishing’ scam

Al Harris February 19, 2009 0

The U.S. Small Business Administration is warning small businesses not to respond to a wave of fake letters that request bank account information in order to qualify for federal tax rebates. The letters mimic

Read More »
Was LandAmerica’s 1031 business a Ponzi Scheme?

Was LandAmerica’s 1031 business a Ponzi Scheme?

Aaron Kremer January 22, 2009 2

The gloves have come off as former LandAmerica customers fight to retrieve money they gave to the company to hold for a few months. Lawyers representing former customers of LandAmerica’s 1031 Exchange business have

Read More »
Madoff fraud: Three degrees of separation

Madoff fraud: Three degrees of separation

Richmond BizSense December 18, 2008 0

“When you meet him, you’d like him.” – Pat Fishe, professor of finance at University of Richmond’s Robins School of Business. Fishe met alleged fraud Bernard Madoff in 2000 while serving as a visiting

Read More »