Ponzi scheme –- The FBI has arrested a Pasadena man suspected of operating a $3.5-million Ponzi scheme. Steven Yamashiro was arrested Friday, two days after a federal grand jury indicted him on eight counts of wire fraud and two counts of money laundering. The indictment alleged that Yamashiro operated several...
Tsunami video — The Better Business Bureau is cautioning Facebook users not to follow a link entitled, “Japanese Tsunami RAW Tidal Wave Footage.” The link directs users to a malicious Internet site that asks for users’ personal information, the BBB said in a recent bulletin.
Father and son — Federal agents are seeking the public’s help in tracking down an Orange County father-and-son team accused of stealing more than $20 million from 300 investors. Robert Louis Carver, 56, and his son, Robert Louis Carver II, 36, were indicted Wednesday on 14 charges related to investments they...
Investment training –- A man who allegedly fleeced investors out of millions of dollars by charging exorbitant fees for a worthless investment training program has agreed to pay more than $900,000 to settle a judgment that the Federal Trade Commission obtained against him. The FTC sued John Stefanchik and his...
