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Showing posts with label Fraud. Show all posts
Showing posts with label Fraud. Show all posts

Monday, August 9, 2010

US judge: 'I sentence you to go and play poker'

By Isabel de Bertodano

From: http://www.independent.co.uk/

A man convicted of fraud will attempt to pay back almost $500,000 (£310,000) to his victims using money he has won playing poker. A judge in Albuquerque, New Mexico, this week agreed to allow Samuel McMaster Jr to travel to poker tournaments across the US to try to win back the money he stole.

McMaster, a former insurance agent, who lists his current occupation as professional poker player, could have his sentence reduced if he is able to prove he can repay the money. He pleaded guilty last week to 26 charges, including securities fraud. He admitted stealing $444,000 (£278,000) by posing as a securities agent and offering high returns on credit defaults and promissory notes (or IOUs) to elderly investors in New Mexico.

Prosecuting lawyer Phyllis Bowman said McMaster had used the money entrusted to him for his own interests, including gambling. McMaster will not be sentenced until next year. He is required to pay at least $7,500 a month in compensation to his victims. If he falls behind by two payments he will be sentenced immediately and will face 12 years in jail.

Teala Kail, a spokeswoman for the New Mexico Regulation and Licensing Department, which brought the case against McMaster, said that poker playing was recognised as a profession by the Internal Revenue Service and was therefore accepted by the judge as a legitimate way for McMaster to repay the money he stole.

Thursday, October 22, 2009

Girl Scout Leader Gets Badge for Credit Card Theft

girl scout sexy.jpg
Flickr: wintrspawn
Apparently, this Girl Scout couldn't afford clothes, either, so she improvised!.

The Boynton Beach Police Department has arrested Magaret Ann Willett, a volunteer for the Girl Scouts of America, on suspicion of credit card fraud after a victim picked out Willett from a surveillance video.

According to the probable cause affidavit, Willett is suspected of having gone on a shopping spree with a credit card that belonged to Mary Ann Paris of Boynton Beach. The card was used at Ross Dress for Less, WalMart, TJ Maxx, Marshalls, and Target. (A real "frugalista," isn't she?) She scooped up some pet supplies at Pet Supermarket. And then she apparently needed groceries, so she made stops at Publix and WalMart. In all, she spent about $700.

The affidavit says that after confronting Willett, she admitted that she had found Paris' credit card at the office for Girl Scouts of America where they both worked. She blamed the theft on financial trouble.

Tuesday, March 17, 2009

Bernie's Madoff Jail Cell

Here's where Bernie Madoff sleeps tonight:

Here's where he slept last night: