Results tagged “fraud”

Ponzi-schemer and former non-executive chairman of the NASDAQ stock exchange Bernard Madoff was handed a 150 year prison sentence by U.S. District Judge Denny Chin this morning. In the courtroom, Madoff explained to Judge Chin, prosecutors and his victims that he thought he could "work his way out" of fraud and that he lives in a "tormented state." Also, he said that he "lied to his brother and sons and that his wife Ruth Madoff cries herself to sleep each night." Bernard, if you recall, plead guilty in March 2009 to 11 federal crimes, including securities fraud, wire fraud, mail fraud, money laundering, perjury, and false filings with the SEC. Read more about this morning's ruling at Gothamist.

              

Rumor has it there's more you can do to voice your support for Iranians protesting a fraudulent election than turning your Twitter avatar green. Take, for example, participating in a protest or a rally, like yesterday's event at the UN Plaza. (An aside: we love the color palate popping up at these protests. Green, white and red -- so bold and vibrant without overpowering the eye. Just lovely, really.)

"Former San Francisco Supervisor Ed Jew sentenced to five and a half years in prison for fraud & extortion," says CBS 5.

by Tiffany Maleshefski

Oh man. Like... wow. This is entertaining, exciting stuff.

Okay, we're not exactly sure how this works, but it's...bizarre. Seems that a trio of scammers are preying upon the elderly Chinese American community in SF (no, not Ed Jew). What's interesting is their technique.

Oh, Ed. Ed, Ed, Ed, Ed, Ed. This does not seem speedy like you promised. Then again, you promised a lot of things. Sigh. After yesterday's whopping indictment by a federal grand jury, "[s]uspended San Francisco Supervisor Ed Jew pleaded not guilty in U.S. District Court in the city today to expanded federal charges of mail fraud, bribery and extortion," according to the Examiner. Outside the Federal Building courthouse this morning, Jew's attorney said,...

Jew was indicted on charges mail fraud, bribery, and extortion (i.e., his plan to bribe Quickly owners with licensing problems.) Other bits of downfall glory include such antics as accepting $4,000 (in cash!) from the owners of Wonderful Desserts and Cafe, and...well, you know how the story goes.

Oh No, Chris Kavanaugh! Berkeley's own Ed Jew, a Green Party member of the Berkeley rent board who was actually living (and litigating with his landlord) in Oakland, pled not guilty to three charges of voter fraud, one charge of perjury, and one of grand theft (for taking a stipend from the Berkeley rent board) yesterday. Kavanaugh spent Friday night living in the Santa Rita jail before being released on $30,000 bond, and will report back to court on Oct. 26. Kavanaugh has reportedly told other board members that he lives in Berkeley but his girlfriend lives in Oakland.

We're back from our inadvertent hiatus -- here's hoping it's a less busy week for us at the day job and an even more busy week for Ed Jew news!

"Enough is enough," Newsom said to reporters this morning. "He needs to do the right thing and step aside."

Not to be outdone by San Francisco's own zip code fibbing person of the people, Green Party follower and Berkeley Rent Stabilization Board member Chris Kavanagh, according to today's Matier and Ross, "was hauled out of an Oakland coffee shop [Cole's Coffee Shop] in handcuffs today" and thrown in the clink on fraud charges for lying about his Berkeley residence.

We just can't keep Ed down for a day. And we feel sorry for him at this point. Almost.

Ed, you media whore. You get not one, but two posts today? Clever. Anyway, according to ABC7, prosecution just offered a plea bargain to Mr. Ed, one that would have him step down as your favorite fibbing San Francisco Supervisor -- as well as some other gentle slaps on the wrists, we're sure, but for now details of the entire plea bargain are private -- for lying about living in San Francisco, falsifying election...

Okay, there's a very troubling article in today's New York Times about a road trip with Laura Albert (reg. req'd.).

This might be the perfect time for City Hall's favorite cabaret star to hone up on his Kander and Ebb. (Some "Cell Block Tango," maybe?)

There's big legal news concerning the Barry, none of which involves Curt Schilling or Grand Juries. Oh no. Barry has just been slapped with a lawsuit by an inmate in a South Carolina prison, Jonathan Lee Riches (aka "the White Suge Knight), for fraud. No, not for breaking the record while on the juice, but for perpetuating a "Fraud Against Mankind," which Lee Riches calls "Batman and Identity Robbin." The Smoking Gun has the details, but from a quick perusal here are some of the claims made:

In a case closely watched by Silicon Valley corporate types, a federal jury in San Francisco returned a guilty verdict against Brocade Communications CEO Gregory Reyes for knowingly backdating stock options, so they would count as having been issued at a time when the stock price was lower. While backdating is not in and of itself against the law, the SEC says that backdating and not telling your investors about it constitutes criminal fraud. Reyes was convicted on all 10 charges filed against him; 9 of which call for a 20-year sentence. Reyes is 44.

The Chronicle reports that Yusuf Bey's son-in-law, Saleem Bey, 43, who worked at Your Black Muslim Bakery for ten years, was the main source for journalist Chauncey Bailey's unpublished stories about the bakery. It seems that he told Bailey about "illegal bankruptcy and plans to liquidate the bakery," as well as Yusuf Bey IV's numerous arrests and overall lunacy.

SFist Nick forwarded along an unintentionally-hilarious article by professional provocateur Christopher Hitchens from earlier this week in Slate. In this article, Hitchens mostly complains about Conrad Black, the Canadian press tycoon recently convicted of corporate fraud, but check out this kicker at the end!

Here's todays sports news

A fight on the Cal campus last Saturday left a senior with a fractured skull and brain damage and a member of the rugby team looking for an attorney. The resident went outside when he heard someone breaking a window of his co-op (at Prospect and Channing), and got in a confrontation with a guy wearing a Cal rugby shirt. The rugby team had won the national championship that night. The victim claims the rugby player grabbed him by the throat, threw him on the ground, and then hit him on the side of the head. The rugby player, through his attorney, claims the victim was the one who grabbed him by the throat, and that he never broke any window or anything.

We have our own little bit of PurgeGate on our end of the country. Maybe not the most exciting part of the story, as it doesn't involve voter fraud or missing e-mails, but still a piece of the puzzle.

We here in the Ist-A-Verse know that we're sensational, but it's very rare that we get a chance to be sensationalistic. This week, we've decided to have ourselves a little fun and try our hand at tacky tabloid headlines, using nothing more than our favorite posts from this week.

It's time for SFist Answers! Now that you've asked Questions, we give you Answers. This week we cover hard drugs, bodily functions, and most agonizing of all -- MUNI. Keep those questions flowin' to sfistanswers@gmail.com. Include your question, your name, and your city/neighborhood – just like when you were filling out your craigslist Missed Connections post.

What a stinking dog of a putrid rotting corpse of a disgusting disgrace of an abomination of a disgrace of a debacle of a sham of a fraud of a spectacle of a sham of an embarrassment. Or something like that. How else to describe the Warriors recent sleepwalk through Texas.

On Monday night, the San Antonio Spurs spanked the tribe like a teenager's monkey, 129-89; just 24 hours later, the Houston Rockets piled on and beat the living tar out of them, 118-90 -- neither game was as close as the scores would indicate.

We haven't voted yet as we were hoping to do a bit more studying before going in there. This whole IRV thing just means more work as now you have figure out who you want besides the guy you want. No more coin flips.

Pete Wilson (the anchor, not the ex-Governor) says "sorry about that" over his comments in regards to gay people having babies. -Oakland sues landlord for being very, very bad.