The trial of former Commercial Mortgage & Finance CEO Anthony D’Agostino, who is charged with running a Ponzi scheme, started Monday. The case illustrates a difficult problem for both businesses and prosecutors: what is the line between business failure and fraud? Bankruptcy frequently brings close scrutiny to the assets, liabilities, income and expenses of a […]
Famed child murder acquitee Casey Anthony has filed for bankruptcy in Tampa, Florida. Ms. Anthony’s bankruptcy filing appears to list fairly minimal and routine assets and liabilities, such as: Cash on hand: $474 Furniture and laptop: $200 Jewelry: $200 Woman’s clothing and accessories: $100 In the category for “Patents, copyrights, and other intellectual property” she marks […]
Scandalwatchers know that ex CIA chief David Petraeus was exposed after his paramour, Paula Broadwell, sent threatening emails to military socialite Jill Kelley who had the FBI trace those messages back to Broadwell’s laptop. Once inside the laptop the FBI discovered the trail of messages between Petraeus and Broadwell that led to his downfall. The […]
In a story of high finance and international intrigue, former billion dollar real estate tycoons Michael and Linda Mastro will return to the US to face 43 counts of bankruptcy fraud including scheming to defraud, concealment of assets, monely laundering, making false oaths or accounts, making false declaration under penalty of perjury, and unlawfully receiving […]
