A court in the British county of Lancashire sentenced two cousins to two years in jail and $130,000 in fines for rolling four million miles off the odometers of used cars they bought and fraudulently resold.
Remember the guy who caught on video driving a Bugatti Veyron into the Gulf Bay in Texas? Well, he's now facing a few decades behind bars. You might wonder why some seriously bad driving in a million-dollar supercar could lead to such a long stint in the slammer. Well, Andy Lee House of Lufkin, TX, pled guilty to wire mail fraud in federal court in the Eastern District of Texas. As it turns out, crashing the car was all about getting an insurance payout.
Kenny Rogers' country classic The Gambler is right about two things: you gotta know when to hold'em and know when to fold'em. A former Maserati salesman in Singapore is learning that lesson about when to step away from the table, after being sentenced to 33 months in prison for allegedly gambling away a customer's deposit of 350,000 Singapore dollars ($280,800).
Back in July, Edmunds sued a Texas company named Humankind Design Ltd. for fraud and breach of contract. Among other services, Humankind Design claims to be an online reputation management company, but the lawsuit says that the site created 2,200 fake accounts in order to post positive dealerships reviews on Edmunds.com.
After the Good-Samaritan-fest that was the last Russian dash cam video, it's back to our regularly scheduled program of scamming and madness. This time, it's a woman who attempts to pretend she's been hit by a car and rendered unconscious, the same tired con-job that happens to be one of the primary reasons that Russians probably perform more surveillance on themselves than the state does.
Rodney Hailey, who was in the news last summer for selling more than $9 million in Renewable Identification Numbers (RIN) credits for biofuel that, well, didn't exist, has been sentenced to nearly 12 years and six months in prison, followed by three years of supervised release.
Alternative energy and cleantech have been a platform for political jabs and Congressional hearings in Washington over the past year – the Solyndra scandal, Chevrolet Volt post-crash-test battery fires, and Fisker Automotive's Department of Energy grant loan quickly come to mind. The latest one deals with companies committing fraud tied into the federal renewable fuel standard, and it's not pretty.
The LA Weekly reports there may have been more to the viral news story of a motorcycle police officer who ended up with his legs in the air in the back seat of a BMW convertible after a traffic collision. Following an 18-month investigation, prosecutors have officially dropped the three misdemeanor assault charges against driver Brian Hitchcock after the man's lawyers discovered Hermosa, California officer Anthony Parente had a history of questionable accidents and hefty workers' compensation cl
It appears the gentleman who piloted his Bugatti Veyron into a Texas lagoon has run into a spot of legal trouble. The insurance company that paid out $2 million for the trashed exotic is calling fraud on the whole scenario, and a federal judge has decided that the claim should go before a jury. Andy House of Lufkin, Texas, originally purchased the Veyron after securing an interest-free $1 million loan from Lloyd Gillespie. Philadelphia Indemnity Insurance Company alleges House attempted to pay a
When Cash For Clunkers was announced in 2009, the federal government promised to keep close tabs on the vouchers that were paid out in exchange for clunkers. Problem is, the program led to 4.3 million taxpayers receiving $7.2 billion if vehicle deductions in the span of only a few months. So it should come as little surprise that some less-than-reputable deals passed through the C4C juggernaut, including vouchers for criminals in jail, dead people and children.
The Internet has indeed revolutionized the way people do business, but this doesn't come without some faults. Hackers pose a threat to not only individual people's computers, but to the databases of large corporations, and a recent attack on American Honda now means that 2.2 million owners have had their personal information stolen.
67-year-old H. Max Speight, a disbarred Tennessee attorney, has been sentenced by a federal court and will serve a 26-month sentence for defrauding a federal biofuels subsidy program. Though his sentence may be considered harsh, Speight's partner, William Tacker II, was convicted and sentenced to five years behind bars, plus a mandatory repayment of funds, which he collected by filing fraudulent claims with the federal government.
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