Weekend January 23 2022 SA CPA Terry Cleveland and Attorney James Hale are being sued over their faied New Opportunities Real Estate Investment. The project involved extending loans to owners of property.. The owner was supposed to pay the difference in his actual note and the new interest rate to New Opportunities. Frankly I have…

Wed Jan 19 2022 Long time UT Football Coach Darrel Royal used to say Dance with the one that brung ya In short do not cast aside your date for another at the dance More broadly, show some loyalty to another whose long tenure has made you proud. I see UT Austin has hired former…

Monday Jan 17 2022 Heartland Group Ventures raised $122 M form 700 investors in a Perminan Basin Ponzi scheme. The original complaint was filed in December, detailing how Heartland and its affiliates used five unregistered security offerings to fund projects they claimed would bolster existing wells or drill new ones in Texas.    I am amazed…

Monday Jan 17, 2022 Marco Sully Perez has been charged with a ponzi scheme to defraud veteran infestors. Amazingly this is the same outline as Four Winds Logistics  which sent former State Senator Carlos Uresti to jail. This scheme garnered $9.25 M for Sully.  

Weekend Jan  8 2022 A Bookkeeper at Shelton and Valadez law firm hstole $1.7 M over ten years. As in the Centro case, she apparently had control over receipt and disbursement of funds. She wrote checks and used firm credit cards to obtain funds. Here's the kicker, after being fired she fraudulently claimed unemployment from…

Friday Jan 7 2022 Clinton Portis sentenced to six months jail for defrauding an NFL Fund. A fund was created to re-imburse NFL players for health care expenses. Robert McCune identified elgible players and submitted false invoices to the fund on their behalf. The players received kickbacks from the payments. This involved 15 players who…

Wed Jan 5, 2022 Here is a good summary of the verdicts in the Holmes' cse. Apple is planning a movie based on the book Bad Blood.      

Dec 24 2021 Balfour Beatty Employees pressured to falsify records. Balfour Beatty to pay $65 M fine for lousy work

Tuesday Dec 21, 2021 A former stockbroker who served time for securities fraud has started White Colllar Advice.com The USA is a small percent of the world population but we have  25 % of the world's prison inmates, thank you War on Drugs. Interesting that there is a market for prison advice.  

Weekend Dec 11 2021 This space recently covered scams by both NFL and NBA players via the Paycheck Protection Program.  Joshua B ellamy a former Chicago CXXears player was among 11 people charged in a  $17 M  + fraud scheme. He is sentenced to 337 months in Federal Prison.