We’ll be rid of her soon
Posted on November 18, 2009 at 7:29 amMTSU officials say they began taking formal action on Pam Holder’s employment status “immediately” after the nursing professor was sentenced for her role in a mortgage fraud scheme.
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Ex-MTSU professor sentenced in mortgage fraud scheme
Posted on November 17, 2009 at 7:24 am
Pam Holder, a former Tennessee Board of Regents official and professor of nursing at MTSU, has been sentenenced to 366 days in jail for her part in a mortgage fraud scheme that used straw buyers.
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Boots’ broker gets five
Posted on October 9, 2009 at 7:51 amA federal judge has sentenced David Cacchione to five years in prison for his role in the investment fraud led by Preds co-owner William “Boots” Del Biaggio.
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Boots sheds tears, gets years
Posted on September 8, 2009 at 3:57 pm
A federal judge today sentenced Boots Del Biaggio, the Silicon Valley financier and Preds co-owner, to eight years in prison for appropriating millions in bank loans and investment funds.
SEE ALSO: The Post’s coverage of the Boots story as it unfolded.
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Off to pokey for 150 yrs.
Posted on July 14, 2009 at 1:54 pmBernie Madoff has arrived in North Carolina, but not to enjoy the bucolic, mountain scenery. Instead the disgraced investment advisor has been transferred to the federal prison in Butner, which will be his home for quite some time.
Con man Bernard Madoff arrived at the federal prison in Butner, North Carolina, to begin serving his 150-year sentence for fraud and money laundering, a Federal Bureau of Prisons spokesman said.
The agency yesterday transferred Madoff, 71, from a high- security lockup in Manhattan, where he’s been since his March 12 guilty plea, to the federal penitentiary in Atlanta. Madoff left that facility this morning and arrived at Butner shortly after 11:15 a.m., bureau spokesman Greg Norton said.
Madoff will be assigned today to one of five housing units, where he will live in “dormitory style housing,” Norton said. If healthy enough, he’ll be given a job. Norton declined to say whether Madoff may eventually be transferred to another prison. “This is where he’s been designated to be,” Norton said.
Madoff gets the max
Posted on June 29, 2009 at 11:17 amConvicted Ponzi scheme operator Bernie Madoff was sentenced today in New York to the maximum 150 years in prison for operating his $50+ billion fraud according to various news outlets.
Although reports have said that Madoff’s attorneys were recommending a 12-year sentence, the judge was clearly more swayed by nine victims who told the court of how their lives had been affected by the the scam. One woman from Stamford, Conn. has been forced to rely on food stamps and gathering bottles to recycle.
Sentence reducers relocate here
Posted on May 7, 2009 at 3:44 pmA company that works with offenders and their attorneys to reduce sentences and arrange plea agreements has moved its HQ to Brentwood. The company has four other offices around the country.
With its expanding national business, company officials opted to re-locate to a more centrally located city and Nashville, with its modern and convenient airport, was an ideal fit.
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Financial adviser pleads guilty to fraud charges
Posted on April 6, 2009 at 11:13 amA financial adviser from the Chattanooga suburb of Ooltewah has pleaded guilty to federal fraud and tax charges.
A statement from the U.S. attorney’s office in Knoxville shows that 40-year-old Delbert Foster Blount III, in a deal with prosecutors, pleaded guilty to one count of mail fraud, one count of wire fraud and five counts of income tax evasion.
Nashville Blagojevich indicted
Posted on April 2, 2009 at 11:42 pmFederal investigators on Thursday handed out corruption charges against former Illinois Gov. Rod Blagojevich and five others, including his Nashville-based banker brother, Robert. The latter Blagojevich is accused of two counts of wire fraud, each of which come with a maximum 20-year prison sentence.
“We were hoping it wouldn’t happen, but it did,” Robert Blagojevich’s attorney Michael Ettinger said. “Now my client is looking forward to being vindicated at a trial. My client has said from the beginning that he was not doing anything outside the bounds of normal fundraising.”
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Nashville native sued over Madoff role
Posted on April 1, 2009 at 12:20 pmMassachusetts’ securities regulator is taking on Walter Noel and his Fairfield Greenwich asset management business. Noel, a graduate of MBA and Vanderbilt, led an investment team that, over the course of two decades, placed more than $7 billion of client money with Bernie Madoff.
Fairfield kept a database of standard responses for investors who questioned how safe the Madoff funds were, according to the complaint. In one response, Fairfield told concerned investors that Citco, the main clearinghouse for hedge fund transactions, had not been charged with verifying Madoff’s assets, but reassured them that there was adequate due diligence on the Madoff funds…
SEE ALSO: Noel’s assets are now on ice.
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SEC charges Del Biaggio broker
Posted on March 24, 2009 at 1:55 pmThe feds say Scott Cacchione was key to helping Boots Del Biaggio secure much of the money he needed to buy his stake in Preds.
Using the doctored statements, Del Biaggio was able to obtain $45 million in personal loans from banks and private lenders (part of which he used to purchase an interest in a professional hockey team). According to the SEC, Cacchione furthered the deception by signing documents falsely confirming that Del Biaggio owned the assets in the innocent customers’ accounts.
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Another blow to McLean creditors
Posted on November 24, 2008 at 11:37 pmThe Murfreesboro Post updates a piece of the late Bob McLean investment scheme saga, reporting on a Supreme Court decision that rules a life insurance policy thought to be part of McLean’s bankruptcy estate is in fact not.
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