Crypto Fraudsters Get 50 Months Each in Federal Prison
In Dallas, U.S. District Judge Jane J. Boyle sentences the two owners of Bitqyck to prison and orders them to pay $1.6 million each in federal income taxes.
DBJ: New SEC Proposal Could Impair Private Firms, UT Professor Says
Ken Wiles said the amount of increased regulation the proposal outlines could significantly impact firms, with potentially minimal payoff.
DBJ: Concealment of Hedge Fund Manager Kyle Bass’ Bashing of UDF Grounds for New Trial, Defense Lawyers Say
Attorneys for UDF argue in new court filings that jurors should have been allowed to hear about a bitter rift pitting United Development Funding and CEO Hollis Greenlaw against Dallas hedge fund manager Kyle Bass.
DBJ: UDF CEO, Execs Seek New Trial After Securities Fraud Convictions
CEO Hollis Greenlaw and his colleagues at the Grapevine REIT have demanded a new trial after their securities fraud convictions last month. They claim a “mosaic of cumulative error” caused them to be wrongfully convicted of duping investors and banks in a scheme involving loans to developers of hundreds of residential communities across Texas.
DBJ: Latest SEC Proposal Could Be Game-Changer for Private Funds
The proposal would turn compliance for firms on its head in the name of protecting investors and companies that take private capital.
DBJ: 30K Investors, Banks Bamboozled by UDF in Ponzi-like Scheme, Prosecutors Say
Roughly 30,000 victims nationwide lost money or were misled by the North Texas REIT and the firm’s executives, who were convicted last month of misusing proceeds from investors and financial institutions in a Ponzi-like scheme involving loans to residential housing developers across Texas, prosecutors said.
Two Laredo Doctors, Three Dallas-area Labs Accused of $300M Kickback Scheme
A federal indictment in Fort Worth charges 10 people with conspiracy to commit healthcare fraud. Investigators say the labs bribed doctors to order needless tests, which were billed to Medicare and other federal health-insurance programs.
Dallas White Collar Team Vaults to Vedder Price
The three-person team includes Jeff Ansley and Arianna Goodman. The former Bell Nunnally attorneys were recently involved in the high-profile UDF trial.