fraud

New York Defendant Indicted for $50 Million in Fraud from ATM, Armored Car and Other Businesses

March 12, 2010 18:24

As reflected in an FBI press release, an indictment was unsealed in the U.S. District Court for the Southern District of New York against Robert Egan, President of Mount Vernon Money Center (MVMC) on Wednesday charging Egan with one count of conspiracy to commit bank fraud and wire fraud and...

Consumer Class Certification Denied -- Again

March 10, 2010 11:46

An up and down class action proceeding involving Listerine has taken a new turn. Pfizer Inc. v. Superior Court of Los Angeles County, No.B188106 (Cal. App. 3/2/10). Plaintiffs brought a proposed class action on behalf of California consumers who allegedly purchased Listerine on the claim that...

SEC Charges Prominent South Florida Cuban-American Couple with $135 Million Ponzi Scheme

March 09, 2010 01:42

The Securities and Exchange Commission has charged prominent Miami businessman Gaston E. Cantens and his wife, Teresita Cantens, with allegedly running a $135 million Ponzi scheme targeting elderly Cuban-Americans, according to the Miami New Times. Specifically, the Cantens allegedly used their...

Difficult Week for the Food Industry (Good Week for the Plaintiffs' Bar): HVP Salmonella and FDA Warning Letters

March 08, 2010 19:13

The week of March 1 saw a double whammy hit food manufacturers. I. Open Letter to Industry on Marketing Claims First, on March 3, FDA sent warning letters to 16 food manufacturers concerning their labeling practices. FDA also issued an Open Letter to Industry warning against certain...

Fraud Lawsuits In Connecticut - Is A Promise of Happiness Fraud or Puffery?

March 06, 2010 22:02

Debra Cassens Weiss yesterday posted on article on the ABA's website about the psychic Sean Morton who is being sued for fraud for taking 6 million dollars from investors on the promise of piles of money and spiritual happiness.  The Securities and Exchange Commission is bringing the suit...