News and Press Releases

Corporate & Investment Fraud Press Releases




August 8, 2014

JORGENSON: Former Microsoft Financial Manager Sentenced to Two Years in Prison for Insider Trading

August 5, 2014

MARKET MANIPULATION: Three Men Charged in Connection with Stock Manipulation Scheme

July 24, 2014

ANDERSON: Vancouver, Washington Musician Sentenced to nearly Four Years in Prison for Soliciting Investments in Fraudulent Projects

June 4, 2014

KNUTSEN: Bellingham Man Arrested for Wire Fraud Involving Theft from Elderly Clients

March 13, 2014

SPANGLER: Former Seattle Investment Advisor Sentenced to 16 Years in Prison for Wire Fraud, Money Laundering and Investment Advisor Fraud

December 5, 2013

DE GUZMAN: Seattle Man Sentenced to Ten Years in Prison for $30 Million Ponzi Scheme

November 7, 2013

SPANGLER: Former Seattle Investment Advisor Convicted of Wire Fraud, Money Laundering and Investment Advisor Fraud

August 21, 2013

XIAN: Kent Man Pleads Guilty to Importing and Selling more than $500,000 in Counterfeit Luxury Car Accessories

ANDERSON: Musician and Record Producer Pleads Guilty to Wire Fraud for Soliciting and Accepting Investments in Fraudulent Projects

BISHOP: Former Chairman and CEO of Skagit County Community Bank Pleads Guilty in Connection with False Information Provided to Bank Regulators

January 18, 2013

BEAIRD: Enumclaw Financial Advisor Sentenced to Prison for Stealing Millions from Clients

December 27, 2012

MONTGOMERY: Former Lakewood Stockbroker Sentenced to Prison for Wire Fraud and Filing a False Tax Return

November 8, 2012

CHESTERFIELD: Licensed Securities Broker Sentencind to 3+ Years in Prison for Defrauding Investors

October 26, 2012

HOSS: Hard Money Lender Sentenced to 8 Years in Prison

October 9, 2012

INVESTOR FRAUD: Summit Arms Consumers with ways to Protect Retirement Funds and Life Saving

June 22, 2012

MONTGOMERY: Former Gravely Lake Stockbroker Pleads Guilty to Wire Fraud and Filing a False Tax Return

May 10, 2012

SPANGLER: Seattle Financial Advisor Indicted for $46 Million Investment Fraud Scheme

April 13, 2012

FINGER: Kirkland Stockbroker Sentenced to 4+ Years in Prison for Wire Fraud

April 2, 2012

HOSS: Seattle 'Hard Money' Lender Convicted of Mail Fraud for Investment Scheme

February 9, 2012

BERG: Mercer Island Man Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud

November 22, 2011

FINGER: Kirkland Broker Pleads Guilty to Wire Fraud

October 7, 2011

FAN: California Man Sentenced to 18 Months in Prison for Insider Trading

September 8, 2011

FINGER: Kirkland Stockbroker Charged with Wire Fraud

August 5, 2011

PORTMANN: Four Indicted for Conspiracy that Resulted in Failure of Tacoma Bank

August 5, 2011

WAMU: DOJ Closes Washington Mutual Investigation with No Criminal Charges

August 2, 2011

BERG: Mercer Island Man Pleads Guilty in Connection With Ponzi Scheme and Bankruptcy Fraud

July 15, 2011

PHILLIPS: Co-Founder of High Tech Company Sentenced to Prison for Mail Fraud, Wire Fraud and Money Laundering

July 12, 2011

FAN: Guilty Plea to Insider Trading in Seattle Genetics Stock

July 7, 2011

DE GUZMAN: Seattle Man Charged with Wire Fraud for Ponzi Scheme Involving Fake Investment in Peru

June 29, 2011

STUART: Blaine Man who Collected Millions with Version of 'Nigerian Inheritance' Scam Pleads Guilty to Wire Fraud and Tax Crimes

June 10, 2011

KRANE: LA Lawyer Sentenced for Tax Evasion and Passport Fraud in Connection with Quellos Tax Shelter Scheme

May 23, 2011

MIRACLE: Seattle Businessman Sentenced to 13 Years in Prison for Mail Fraud and Tax Evasion

April 1, 2011

LIDDELL: Seattle Man Sentenced to Prison for Ponzi Scheme

March 2, 2011

PHILLIPS: Co-Founder of High-Tech Comapny Convicted of Wire Fraud, Mail Fraud and Money Laundering

11/9/10 START
VANCOUVER, WASHINGTON COUPLE SENTENCED FOR DEFRAUDING PEOPLE SEEKING BUSINESS FINANCING
“Advance Fee” Scam Netted Couple More than $845,000

10/22/10 MOLINA
SAMMAMISH PONZI SCHEMER SENTENCED TO THREE YEARS IN PRISON FOR $4 MILLION FRAUD
Former Boeing Employee Preyed on Long-time Friends, Neighbors, and Classmates

9/21/10 KRAAI
VANCOUVER, WASHINGTON BROKER AND APPRAISER PLEADS GUILTY TO LIES SURROUNDING SALE OF BUSINESS
Broker Failed to Disclose Side Deals to Lender and Small Business Administration

8/11/10 BREARD
FORMER KIRKLAND BROKER SENTENCED TO PRISON FOR MAIL FRAUD FOR STEALING $12.1 MILLION FROM INVESTORS
Homes, Cars, Cash, Jet Skis and Ski-Doos Will be Auctioned to Benefit Victims

8/3/10 HALVERSON
BOTHELL MAN SENTENCED TO 51 MONTHS IN PRISON FOR PONZI SCHEME INVOLVING HIGH DEMAND EVENT TICKETS
Duped Investors out of $10 Million Claiming He Could Resell Tickets for Huge Profit

6/4/10 MOLINA
SAMMAMISH PONZI SCHEMER PLEADS GUILTY TO MAIL FRAUD AND MAKING A FALSE STATEMENT
Former Boeing Employee Took in More than $3,000,000 in Investments in Fake Company

4/19/10 LIDDELL
SEATTLE AREA MEN INDICTED IN SEPARATE ‘PONZI’ SCHEME SCAMS
‘Investment Opportunities’ Pose New Wrinkle in Decades Old Fraud Scheme

4/16/10 MIN
TACOMA MAN SENTENCED TO 4 YEAR PRISON TERM FOR WIRE FRAUD IN FAILED INVESTMENT SCHEME
Promised Investors Good Returns with Some Profits Going to Charity

4/6/10 BREARD
KIRKLAND BROKER PLEADS GUILTY TO MAIL FRAUD FOR STEALING FROM INVESTORS
Homes, Cars, Cash, Jet Skis and Snowmobiles Forfeited to Benefit Victims

3/10/10 BREARD
KIRKLAND BROKER CHARGED WITH MAIL FRAUD FOR STEALING FROM INVESTORS
Initial Criminal Charge Aimed at Securing Any Assets for Victimized Investors

2/19/10 KENNELLY
FORMER BANK VICE PRESIDENT PLEADS GUILTY TO HIDING FACTS IN BANK AUDIT
Bank of Clark County Closed in January 2009 After FDIC Examination

9/25/09 MIRACLE
SEATTLE MAN PLEADS GUILTY TO MAIL FRAUD AND TAX EVASION
Admits Using False Statements Concerning Oil Production to Fleece Investors

8/7/09 KAMERLING
BELLEVUE WOMAN SENTENCED TO 7+ YEARS IN PRISON FOR “PUMP AND DUMP” SECURITIES SCHEME INVOLVING MORE THAN 3,000 VICTIMS
Defendant Has History of Securities Fraud in US and Canada

7/10/09 ZIDAR
LEADER OF $73 MILLION PONZI SCHEME SENTENCED AGAIN TO 30 YEARS IN PRISON
Second Judge Says 30 Year Term “Rational and Reasonable”

6/30/09 FURUSHO
DISBARRED BELLEVUE ATTORNEY SENTENCED TO 13 MONTHS IN PRISON FOR ROLE IN “PUMP AND DUMP” STOCK SCHEME
Defendant Taken into Custody at Sentencing for Continued “Dishonest and Deceptive” Practices

3/31/09 MIN
TACOMA MAN INDICTED FOR WIRE FRAUD IN FAILED INVESTMENT SCHEME
Promised Investors Good Returns with Some Profits Going to Charity

3/27/09 JOHNSTON/JONES
FORMER SOFTWARE EXECUTIVES SENTENCED TO PRISON FOR WIRE FRAUD FOR LYING TO INVESTORS ABOUT REVENUE
Two Entellium Executives Resigned Following Discovery of False Revenue Statements

3/20/09 BUSH
FORMER KITSAP COUNTY MAN SENTENCED TO 30 YEARS IN PRISON FOR $35 MILLION “PONZI” SCHEME
Defendant Defrauded Hundreds of People with Phony Investment Scheme

2/12/09 COSTCO
COSTCO STOCK OPTION BACKDATING INVESTIGATION CLOSED
Costco Implements Enhanced Compliance Program with Independent Review

2/5/09 MIRACLE
THREE MEN CHARGED WITH OPERATING $65 MILLION PONZI SCHEME
Scheme Solicited Investments for Development of Oil and Gas in Southeast Asia

12/16/08 NAWABI
CORRECTION: NAWABI IS ORIGINALLY FROM AFGHANISTAN
DEFENDANT IN MULTISTATE FRAUD SCHEME SENTENCED IN TACOMA TO 54 MONTHS IN PRISON
New Zealand Native Duped Investors Out of More than $300,000

11/13/08 BUSH
KITSAP COUNTY MAN CONVICTED IN MULTI-MILLION DOLLAR FRAUD SCHEME
Defendant Defrauded Hundreds of People with Phony Investment Scheme

10/8/08 JOHNSTON/JONES
FORMER SOFTWARE EXECUTIVES CHARGED WITH WIRE FRAUD FOR LYING TO INVESTORS ABOUT REVENUE - Two Entellium Executives Resigned Following Discovery of False Revenue Statements

3/21/08 LAVIN
WOODINVILLE MAN SENTENCED TO 54 MONTHS IN PRISON FOR $13 MILLION FRAUD SCHEME - Used New Investor Funds to Pay Off Earlier Investors, Committing Wire Fraud and Money Laundering

1/29/08 BUSH
FORMER KITSAP COUNTY MAN EXTRADITED FROM POLAND HELD PENDING TRIAL - Defendant Alleged to Have Defrauded Hundreds of People with Phony Investment Scheme

12/5/07 KAMERLING
NINE CHARGED IN "PUMP AND DUMP" SECURITIES FRAUD SCHEME - Defendants Conspired to Obstruct a Grand Jury and FBI Investigation

11/2/07 LAVIN
WOODINVILLE MAN PLEADS GUILTY TO $13 MILLION FRAUD SCHEME - Admits wire Fraud and Money Laundering -- Used New Investor Funds to Pay Off Earlier Investors

12/7/06 SHERMAN
"HOCKEY DAD" CONVICTED OF WIRE FRAUD, MAIL FRAUD AND SECURITIES FRAUD - Used Money from Investors to Fund Elite Youth Hockey Team and Pay His Own Living Expenses

6/5/06 HOFF
KIRKLAND MAN SENTENCED TO PRISON FOR SECURITIES FRAUD - Man Defrauded investors in Washington and Alaska of more than $120,000

1/6/06 HOFF
KIRKLAND MAN PLEADS GUILTY TO SECURITIES FRAUD - Man Defrauded investors in Washington and Alaska of more than $120,000.

10/28/05 ZIESKE
Renton Man Sentenced to 41 Months in Prison for Mail, Wire and Securities Fraud

9/9/05 HYUN
Former Bellevue Insurance Salesman Sentenced to Prison Term For Securities Fraud

8/19/05 KILLINGSWORTH
Fifth Defendant Sentenced to Prison in Holmes Harbor Bond Fraud Case

8/5/05 BADGER
Former Znetix Salesman Sentenced to 30 Months

6/20/05 HOLMES HARBOR
Four Defendants Sentenced to Prison in Holmes Harbor Bond Fraud Case

5/5/05 TEZAK
Fifth and Final Defendant Pleads Guilty in Holmes Harbor Bond Fraud Case

4/22/05 BUCHANAN
Vancouver Man Sentenced to Nearly 5 Years in Prison for Multi-Million Dollar Wire Fraud Scheme - Posed as Former NFL Player

4/19/05 LACSON
Znetix Stock Salesman Sentenced for Securities Fraud

4/8/05 ZIESKE
Renton Man Pleads Guilty to Mail, Wire and Securities Fraud

4/1/05 HYUN
Bellevue Insurance Salesman Pleads Guilty of Securities Fraud

3/7/05 BEAMAN/CULP/KUIKEN
Znetix Stock Salesmen Sentenced for Fraud and Conspiracy

2/4/05 CURTIN
Financial Planner Sent to Prison for Stealing Chehalis School Teachers' Retirement

1/24/05 BADGER
Michigan Man Indicted for Mail and Wire Fraud in Znetix Related Case

1/21/05 CHRISTENSEN
Vancouver Man Sentenced to 16 Months in Prison for Securities Fraud

1/11/05 BUCHANAN
Vancouver Man Pleads Guilty to Multi-Million Dollar Wire Fraud Scheme - Posed as Former NFL Player

1/7/05 ADKINS
Investment Firm President Sentenced to 52 Months in Prison for Securities Fraud

USAO Homepage
USAO Briefing Room
Justice 101
Community Outreach

Engaging in outreach in order to prevent crime, respond to community needs, and promote good citizenship.


Victim Witness Assistance

Making sure that victims of federal crimes are treated with compassion, fairness and respect


Project Safe Neighborhoods

Our nation-wide commitment to reducing gun crime in America


Oficinas de los Fiscales de Estados Unidos En Español
Stay Connected with Twitter