Justice Triumphs

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Joshua Vandyk, a U.S. citizen, and Eric St-Cyr and Patrick Poulin, Canadian citizens, have each pleaded guilty to conspiring to launder monetary instruments, the Justice Department and Internal Revenue Service (IRS) announced today.

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Eric M. Martin, Mark Megalli, and Richard T. Posey have been sentenced to federal prison for their roles in insider trading conspiracies involving Carter’s, Inc. stock.

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Birmingham, Alabama - A federal judge late Thursday sentenced a former Birmingham attorney to five years and 11 months in prison for a securities fraud scheme through which he took more than $2.8 million from 12 investors and spent it on a lavish home, private jets, championship football trips and island vacations, announced U.S. Attorney Joyce White Vance, FBI Special Agent in Charge Richard D. Schwein Jr. and Alabama Securities Commission Director Joseph Borg.

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Deputy Assistant Attorney General Ronald A. Cimino for the Tax Division of the Department of Justice and U.S. Attorney Preet Bharara for the Southern District of New York announced that Paul M. Daugerdas, 63, a tax attorney and certified public accountant, was sentenced today in Manhattan federal court to serve 15 years in prison for orchestrating a massive fraudulent tax shelter scheme in which he and his co-conspirators designed, marketed and implemented fraudulent tax shelters used by wealthy individuals to evade over $1.6 billion in taxes owed to the Internal Revenue Service (IRS). 

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Earlier today, Barry Stephen Zornberg pleaded guilty at the federal courthouse in Central Islip, New York, to lying to federal investigators about his role in a million-dollar foreclosure rescue fraud scheme. The scheme ensnared at least 10 families, defrauding them of approximately $1.3 million in home equity and caused some of them to lose their homes.

  1. Former Rabobank Trader Pleads Guilty in Scheme to Manipulate Yen LIBOR
  2. HSI, Caribbean Corridor Strike Force seize $50 million worth of cocaine
  3. President and Chief Executive Officer of Software Company Sentenced in Manhattan Federal Court to 63 Months in Prison in $6.3 Million Offering Fraud Scheme
  4. Former New York Attorney Sentenced to 50 Months in Prison
  5. Five Former Employees of Bernard L. Madoff Investment Securities Found Guilty in Manhattan Federal Court on All Counts