A Maryland man plead guilty to mail fraud related to a scheme in which he embezzled $370,000 from his employer, Richmond headquartered K Line America. Timothy Kany Sr., 49, worked as a manager in K Line’s Baltimore office. K Line America is the U.S. subsidiary of the Tokyo-based ocean cargo company. According to his guilty… Read more »
A local economic research firm has filed a $30 million lawsuit against another local economist and several other defendants, alleging that they conspired to misuse trade secrets to develop a competing research product.
A hearing to present the state’s case against developer Justin French on multiple fraud charges will be continued until next year.
Just before he is due to appear in court on multiple fraud charges, formerly high-flying developer Justin French was hit last week with two default judgments against him totaling almost $2 million for failing to repay loans.
Sometime the very people hired to prevent malfeasance are the ones up to no good. That seems to be what happened to a local association of physicians, which was the victim of a two-year embezzlement scheme, according to a recent lawsuit.
The Markel Corporation said in its first public statements about its involvement with Justin French that it made a mistake in doing business with him. “We didn’t do a very good job of vetting him,” company chairman and chief executive Alan Kirshner said in an article published in this month’s Virginia Business magazine. “We made… Read more »
Todd Dykshorn was sued last month for allegedly misrepresenting the status of two properties that developer Justin French was converting into apartments. He now wants the case tossed out of court, arguing it has no merits.
It didn’t take a local ophthalmologist long to start second-guessing his $800,000 investment in a fledgling Appalachian coal mining operation. And now he has filed a lawsuit to try and recover his money.
The lawyer representing a local man named in Ponzi scheme lawsuits filed by federal authorities in Florida says there’s more to the story. Chris Bruno, an attorney in Northern Virginia who is defending Richmond businessman William Center, said Center has agreed to cooperate with authorities in recovering the money that was collected in the scheme…. Read more »
The attorney working to recover funds from a $28 million Ponzi scheme says there are people and entities in Richmond and that may have profited from the alleged fraud.