Justice Triumphs

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Stephen Richard Colson, 48, of Biloxi, pled guilty in federal court on March 19, 2014, to falsifying, concealing, and covering up material facts in connection with a scheme to defraud two banks and the Bankruptcy Court in violation of Title 18 Section 1001, announced U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen. The government indicated at the guilty plea that it would seek restitution on behalf of the victims in the amount of $7,749,576.65.

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The managing clerk of the New York office of Simpson Thacher & Bartlett LLP—a prominent, international law firm—and a professional stock broker who worked at Oppenheimer & Co. and Morgan Stanley were arrested today and charged with participating in a multi-year insider trading scheme that allegedly netted more than $5.6 million in illicit profits, New Jersey U.S. Attorney Paul J. Fishman announced.

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California attorney Christopher M. Rusch was sentenced to serve 10 months in prison for helping his clients Stephen M. Kerr and Michael Quiel, both businessmen from Phoenix, hide millions of dollars in secret offshore bank accounts at UBS AG and Pictet & Cie in Switzerland, the Justice Department and the Internal Revenue Service (IRS) announced today.  

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A former chief magistrate is the latest defendant sentenced to federal prison time in a probe of corruption in Mingo County, West Virginia, United States Attorney Booth Goodwin announced today. Dallas Toler, 45, of Delbarton, West Virginia, was sentenced to 27 months’ imprisonment.

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Washington, DC - Caremark LLC, a pharmacy benefit management company (PBM), will pay the government and five states a total of $4.25 million to settle allegations that it knowingly failed to reimburse Medicaid for prescription drug costs paid on behalf of Medicaid beneficiaries, who also were eligible for drug benefits under Caremark-administered private health plans, the Justice Department announced. 

  1. Wise Attorney Sentenced on Felony Charges
  2. Operator of $2.5 Million Sacramento Ponzi Scheme Convicted by Jury
  3. Frank Vennes Sentenced to 15 Years in Federal Prison for Lying to Investors About Petters’ Ponzi Scheme
  4. Attorney Sentenced in Bankruptcy Fraud Scheme
  5. California Man Charged in Multi-Million-Dollar Mortgage Fraud Scheme