Federal authorities have arrested "four men in Florida and Israel in connection with a series of fraudulent investment schemes involving penny stocks and Bitcoin that spanned the globe," and further "suspect that some of the men arrested, along with a fifth man charged but still at large, had a hand in last summer's hacking at JPMorgan that compromised the contact information for 83 million of the bank's customers" as reported by Matthew Goldstein for The New York Times: "one of the people briefed on the matter said he believed that the defendants had intended to use some of the email addresses obtained in the JPMorgan hacking to find other people who could be persuaded to invest in otherwise worthless stocks."
According to the filings made public on Monday, Mr. Trebitsch admitted that he had duped clients by telling them that he would invest their money through a fund he controlled that would generate double-digit returns with minimal risk. He also provided the investors with fake account statements and tax forms that showed gains, masking the fact that he had invested only a portion of the money and suffered trading losses.
Earlier this year federal prosecutors hit Silver, the one-time New York Assembly Speaker, with corruption charges for allegedly taking $4 million in bribes in exchange for legislative favors.
A federal jury in New York has convicted Mikhail Zemlyansky on racketeering and other charges for bilking $100 million from insurance companies through manufactured claims for medical care under no-fault automobile insurance, swindling $18 million from unsuspecting investors in shell companies which purported to finance lawsuits in return for a portion of future settlements, and then laundering "the fruits of his crimes through check-cashing entities and shell companies, and invested his criminal proceeds on luxury items" according to a Justice Department press release. Well wasn't he a busy beaver.
Michael Egan, the one-time teen model who accused X-Men director Bryan Singer and other Hollywood powerhouses of sex abuse in civil complaints which he later withdrew, has been charged with securities fraud by federal prosecutors in North Carolina as reported by TMZ: "the feds indicted Egan Thursday for allegedly defrauding investors by promising to invest money in Halloween-themed ventures, but instead pocketing the cash to pay for personal expenses."