Information for Victims in Large Cases

Displaying 21 - 30 of 62
Case Name Familiar Names and Terms District or Division Overview
TierOne, Gilbert Lundstrom Criminal Division

Gilbert G. Lundstrom was the CEO of TierOne Bank from 1999 to January 2010. According to allegations in the indictment, he and others concealed the true value of TierOne’s loan and real estate portfolio. They also provided falsely inflated figures in their reporting to the U.S. Securities and Exchange Commission (SEC) and the Office of Thrift Supervision (OTS). Specifically, Lundstrom and others allegedly used outdated property appraisals and rejected new appraisals that would have required TierOne to mark down the value of its real estate holdings. In addition, Lundstrom and others allegedly delayed seeking new appraisals to conceal the depreciating value of its loan collateral, and restructured loan terms to disguise the borrowers’ inability to make timely interest and principal payments. As a result, Lundstrom and others were allegedly able to hide millions of dollars in losses from regulators and investors.

TierOne, James A. Laphen Criminal Division According to court documents, James Laphen and others concealed the true value of TierOne’s loan and real estate portfolio and provided falsely inflated figures in its required reports to the U.S. Securities and Exchange Commission (SEC) and the Office of Thrift Supervision (OTS).  Specifically, Laphen admitted that he used outdated property appraisals and rejected new appraisals that would have required TierOne to mark down the value of its real estate holdings. In addition, Laphen admitted that he and others delayed seeking new appraisals to conceal the depreciating value of its loan collateral, and restructured loan terms to disguise the borrowers’ inability to make timely interest and principal payments. As a result, Laphen admitted that he and others were able to hide millions of dollars in losses from regulators and investors.
TierOne, Don A. Langford Criminal Division

According to court documents, Don Langford and others concealed the true value of TierOne’s loan and real estate portfolio and provided falsely inflated figures in its required reports to the U.S. Securities and Exchange Commission (SEC) and the Office of Thrift Supervision (OTS).  Specifically, Don Langford admitted that he used outdated property appraisals and rejected new appraisals that would have required TierOne to mark down the value of its real estate holdings. In addition, Langford admitted that he and others delayed seeking new appraisals to conceal the depreciating value of its loan collateral, and restructured loan terms to disguise the borrowers’ inability to make timely interest and principal payments. As a result, Langford admitted that he and others were able to hide millions of dollars in losses from regulators and investors.

Harold Bailey Gallison II, Ann Hiskey, Michael Randles, Roger Coleman, Carl Kruse Sr., Carl Kruse Jr., Frank Zangara, Mark Dresner, Charles Moeller, Warrior Girl Corp., WRGL, Everock Inc., EVRN Criminal Division The indictment alleges that the defendants artificially “pumped” or inflated the trading volume and price of the securities by touting business activities and deceptive revenue forecasts, and by engaging in coordinated trading activity to create the appearance of increasing market demand. The defendants then allegedly “dumped” or sold the securities at the inflated prices and laundered the proceeds from their scheme through bank accounts in the United States and overseas.
Anthony B. Brandel, Joseph Micelli, James Warras, Sean Finn, Martin Schlaepfer, Hans-Jurg Lips, Malom Group AG Criminal Division

Between approximately October 2009 through October 2013, the defendants used a Swiss corporation known as Malom Group AG to promote investments in European equities and debt offerings, which they said would yield high rates of return. The indictment alleges that the defendants created and provided to investors fake bank statements representing that Malom Group AG had large deposit balances at prominent European banks. The defendants collected payments of between $200,000 and $1.2 million per investor but did not put the funds toward the advertised investments. Instead, the defendants used the money for their own purposes.

Jeffrey Robert Bonner, Nicholas Dover, Keith Forbes, Michael Forbes, Michael Miller, Ashley Clark and William Forbes, Cody Trevor Burgsteiner, Clinton Barnes, Everette Jones, Darra Lee Shephard, Nora Southerland, Donna Ramirez, sweepstakes, Costa Rica Criminal Division

Jeffrey Robert Bonner owned and operated “call centers”, located in San Jose, Costa Rica, which he and his co-defendants used to defraud United States residents, typically over the age of 55, by deceiving them into believing that they had won prizes in a “sweepstakes contest.” The indictment alleges that Jeffrey Robert Bonner, Cody Trevor Burgsteiner, Darra Lee Shephard, and their co-conspirators made calls to victims from Costa Rica. Victims were informed that to receive their “prize,” they were to wire, via Western Union, thousands of dollars for a purported “refundable insurance fee” to a so-called “insurance entity” in Costa Rica. When victims questioned the legitimacy of the operation, they were given phone numbers purportedly to United States government agents who falsely reassured the victims that they had, in fact, won a sweepstakes prize. The co-conspirators then allegedly continued to solicit victims to send more money until their victims’ funds were depleted.

Rick Blake, heir location services, estate, descendent, probate Antitrust Division

Richard A. Blake, Jr. was charged with engaging in a conspiracy to allocate customers of heir location services sold in the United States from approximately 1999 until January 29, 2014, which affected the prices of these services.

Warner Chilcott USAO - Massachusetts

Pharmaceutical company Warner Chilcott has agreed to plead guilty to health care fraud and pay $125 million to resolve criminal and civil liability arising from the illegal promotion of various drugs. A portion of the illegal conduct related to the manipulation of “prior authorizations” for the osteoporosis medications Actonel® and Atelvia®. Insurance companies who paid for Actonel® and/or Atelvia®, or individuals who paid co-payments for these drugs, based on manipulated prior authorizations between June 2010 and February 2012, may be eligible for restitution.  Potentially affected insurance companies and individuals have until March 31, 2016 to submit the restitution claim form.

USAO - Pennsylvania, Eastern

An indictment charging a market manipulation scheme was unsealed today against six defendants in connection with the trading of stock in Super Nova Resources, Inc. (“SNRR”), announced United States Attorney Zane David Memeger.  Charged with conspiracy, wire fraud, and securities fraud are: Carl Marciniak, 50, of California, Jeffrey Weinfurter, 46, of Yorba Linda, CA, James Wheeler, 54, of Corona, CA, Daniel Starczewski, 67, of Cornelius, NC, Danny Colon, 46, of Edgewater, NJ, and Louis Buonocore, 59, of Woburn, MA.  According to the indictment, the defendants ran the scheme with the intent to cause approximately $150 million in losses to participants in the over-the-counter U.S. securities market.

William B. Aossey, Jalel Aossey, Yahya Nasswer Aossey, Midamar Corporation, ISA, Islamic Services of America USAO - Iowa, Northern

William B. Aossey was convicted by a federal jury of conspiring between about 2007 and 2010 to commit mail and wire fraud, sell misbranded meat, and related crimes.  Aossey was also convicted of seven counts of making materially false statements on export certificates, and seven counts of wire fraud.  In a related case, Midamar Corporation; Islamic Services of America; ISA, Inc.; and Jalel Aossey, pleaded guilty to conspiring between about 2007 and 2012 to commit mail and wire fraud, sell misbranded meat, and related crimes.  Defendant Yahya Nasser Aossey pleaded guilty to two lesser counts relating to his responsibility for the sale of misbranded meat as a responsible corporate official.

Pages