Law Office of David L. Fleck, Inc.

"According to the SEC's complaint, James Siniscalchi, Chief Compliance Officer of a company that claimed to have special access to profitable and highly sought-after event tickets, knowingly misused investor money to benefit himself and his extended family. The SEC alleges that Siniscalchi and his business partners rebranded businesses formerly run by his cousin, Joseph Meli, who ultimately settled to SEC fraud charges and pled guilty to securities fraud in a parallel crimina...l action, and that this rebranding was done with Meli's knowledge and help. In the wake of Meli's arrest, Siniscalchi and his business partners allegedly raised approximately $2.7 million net from investors. The investors were allegedly promised their money would be used only to purchase tickets to events including the Broadway shows Harry Potter and the Cursed Child, Hello Dolly, and Bruce Springsteen on Broadway, and a professional boxing match between Floyd Mayweather Jr. and Conor McGregor. In actuality, Siniscalchi allegedly misused investor funds to benefit himself and Meli and his family. The SEC alleges that Siniscalchi took steps to conceal from investors Meli's involvement given the widely publicized civil and criminal cases that were then pending against Meli." https://finance.yahoo.com//sec-announces-fraud-charges-tic #Fraud #InvestmentScam

"This is a newly filed complaint from an aggrieved PR professional who feels that he was wronged by a company that launched an ICO with the help of his services, and has refused to pay him his owed monies. What specifically does Polites allege? The usual allegations in these matters: breach of contract, fraud, unjust enrichment, and a rare occurrence on the Crypto Caselaw Minute, violations of the Racketeer Influenced and Corrupt Organizations Act, better known as doing the RICO." https://finance.yahoo.com//former-fbi-analyst-alleges-frau #RICO

"Two Sacramento defendants were found guilty Tuesday of wire fraud stemming from a fraudulent real estate company that targeted members of Sacramento’s Latino community, according to the U.S. Attorney’s Office." https://www.sacbee.com/ne/local/crime/article229645024.html #MortgageFraud

"California police have arrested a woman who posed as a real estate agent in order to swipe tens of thousands of dollars in deposit money from homebuyers. Police in the Fresno area said several homebuyers came to them with a similar story: a woman named Maria Flores-Morales, 39, came up to them and offered help buying a home. She would show the buyers, many of whom were undocumented immigrants, the outsides of pre-foreclosure homes that were still occupied." https://www.inman....com//california-woman-poses-as-real-est/ #RealEstateLaw #Fraud #CaliforniaLaw

"Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings. Avenatti, 48, was indicted late Wednesday by a Southern California grand jury on a raft of additional charges following his arrest last month in New York on two related counts and for allegedly trying to shake down Nike for up to $25 million." https://wgntv.com//michael...-avenatti-charged-with-embezzle/ #Embezzlement #Fraud #CaliforniaLaw

"Continued demand and rising interest rates put constraints on the housing market in 2018, making it a difficult year for buyers trying to claim their spot in the housing market. These hot housing market conditions had an indirect effect on lenders, who saw the risk of mortgage application fraud increase by 10% last year, according to CoreLogic." https://www.nationalmortgagenews.com//mortgage-fraud-risk- #MortgageFraud

"The head of a Sherman Oaks firm accused of bilking thousands of investors in a $1.3-billion Ponzi scheme that fueled his luxury lifestyle was arrested Thursday, along with two associates. Robert Shapiro, 61, the owner of the Woodbridge Group of Cos., and two other former company executives were accused of conspiracy to commit mail and wire fraud and other violations of federal law in an April 4 indictment unsealed Thursday in the Southern District of Florida." https://www.la...times.com//la-fi-shapiro-woodbridge-ponzi-ar #PonziScheme #Fraud

"An Orange County woman was sentenced Monday to nearly three years behind bars for her role in a real estate Ponzi scheme that bilked dozens of Southern California investors who collectively suffered millions of dollars in losses. Angel Bronsgeest, 55, of Lake Forest was also ordered by U.S. District Judge Cormac J. Carney to serve three years under supervised release and pay $2.5 million in restitution to her victims following the 33-month federal prison term. She was allowe...d to self-surrender on or before June 3 to begin serving her time." https://www.ocregister.com//o-c-woman-gets-prison-time-fo/ #PonziScheme #CaliforniaLaw

"A Sacramento-area neurosurgeon was arrested Monday and faces charges of fraud and grand theft in an alleged insurance scheme, the state Department of Insurance said in a news release. Dr. Laura Jean Anderson, a Carmichael resident, is accused of submitting more than $500,000 worth of fraudulent medical services reimbursement claims to the State Compensation Insurance Fund between 2013 and 2018, according to the news release." https://www.sacbee.com/ne/local/crime/article229...027164.html #InsuranceFraud #Fraud #CaliforniaLaw

"Federal prosecutors on Tuesday said they dismantled one of the largest health care fraud schemes ever investigated by the FBI, charging 24 people in a $1.2 billion alleged scam involving telemedicine and durable medical equipment companies. As part of the complex operation, doctors got kickbacks for prescribing unneeded back, shoulder, wrist and knee braces to elderly and disabled patients and charging the government's Medicare program, the Department of Justice said." https...://www.npr.org//feds-charge-24-in-alleged-1-2-billion #MedicareFraud #Fraud #HealthCareFarud

"The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he was an appeals court judge in a case involving securities fraud. The court’s 6-2 ruling Wednesday affirms an appeals court decision against investment banker Francis Lorenzo over false and misleading statements Lorenzo sent in emails to potential investors in a company. The emails described the company as having assets of $10 million when Lorenzo knew the real figure was $400,000." https://www.m...arketwatch.com//supreme-court-sides-with-sec- #SecuritiesFraud #SEC #SCOTUS

"General Electric Co on Tuesday reached a $49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme." https://www.reuters.com//general-electric-in-49-million-se #PonziScheme

"New York state prosecutors have indicted former Trump campaign chairman Paul Manafort on residential-mortgage-fraud charges. But more cases like Manafort’s could start to come to light as the housing market cools after years of record-breaking home-price appreciation." https://www.marketwatch.com//paul-manafort-charged-with-co... #MortgageFraud