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Fraud

Legal news related to Fraud

15 articles

Federal Circuit
•4 min read
Eighth Circuit Court of Appeals

8th Circuit Upholds 32-Year Sentence for Iowa Drug Trafficking Case

The Eighth Circuit Court of Appeals denied relief to Stephan Rashad Haley, who was sentenced to 384 months in prison after pleading guilty to drug trafficking, fraud, and money laundering charges in two consolidated federal cases.

•Stephan Haley received 384 months (32 years) in federal prison for drug, fraud, and money laundering offenses
•The Eighth Circuit affirmed the sentence, rejecting challenges to a drug premises enhancement
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State Court
•4 min read
Supreme Court of Guam

Guam Supreme Court Hears Corporate Development Dispute Appeal

The Supreme Court of Guam heard oral arguments in a complex business litigation case involving Goodwind Development Corporation and two other companies. The appeal centers on statute of limitations issues and procedural errors in the lower court's dismissal of claims.

•Supreme Court of Guam ruled on appeal involving development corporations
•Case challenged trial court's handling of statute of limitations waivers in promissory notes
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Regulatory
•4 min read

CFTC Secures $185K Judgment Against Wisconsin Man in Trading Fraud

The Commodity Futures Trading Commission obtained a federal court judgment requiring Wisconsin resident Robert Narvett to pay more than $185,000 in restitution and face a permanent trading ban for operating a fraudulent commodity trading scheme that lasted eight years.

•Federal court ordered $185,000+ restitution and permanent CFTC trading ban for Robert Narvett
•Eight-year fraud scheme involved misappropriation of client commodity futures trading accounts
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Regulatory
•4 min read

Tennessee Realtors Ordered to Pay $5.5M in Crypto Pool Fraud

A Tennessee realtor couple must pay over $5.5 million in restitution after defrauding 145 victims through a fake cryptocurrency trading operation called 'Blessings Thru Crypto.' The CFTC secured a consent order against Michael and Amanda Griffis for their $6.5 million commodity pool fraud scheme.

•Tennessee realtors Michael and Amanda Griffis must pay $5.5M restitution plus $1.4M penalty for commodity pool fraud
•The couple defrauded 145 victims of over $6.5 million through fake 'Blessings Thru Crypto' trading operation
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State Court
•4 min read
Michigan Supreme Court

Michigan Supreme Court Rules on $3 Million Online Gambling Dispute

The Michigan Supreme Court decided *Davis v. BetMGM, LLC*, a case involving a player who won over $3 million on an online gambling platform but faced account suspension and denial of winnings. The court addressed claims of fraud, conversion, and breach of contract after BetMGM alleged the winnings resulted from game malfunctions.

•Jacqueline Davis won over $3 million in six days on BetMGM's online platform in 2021
•BetMGM initially approved a $100,000 withdrawal and congratulated Davis on her winnings
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