Subject:

Corporate Crime

  • Blogs

    April 4, 2012

    Belén Jesuit Ponzi Schemer Gaston E. Cantens Sentenced to Five Years Behind Bars

    Gaston E. Cantens, a former advisory board member for Belen Jesuit Preparatory School who used his prominence in Miami's Cuban-American community to target the elderly, has been sentenced to five years in prison after pleading guilty to running a $135 million Ponzi scheme.

  • Blogs

    March 6, 2012

    Allen Stanford Jury Deadlocked On Charges Against Alleged Miami Ponzi King

    ​In South Florida, aka Ponzistan, it takes some serious effort to stand out among the Nevin Shapiros and Scott Rothsteins as the most deranged fraudster in town. Allen Stanford worked hard to earn that title, allegedly building an $7 billion scam from Miami and Houston while using the cash to buy ... More >>

  • News

    February 23, 2012

    Nevin Shapiro assistant Sean Allen clears Canes football

    ​In South Florida, aka Ponzistan, it takes some serious effort to stand out among the Nevin Shapiros and Scott Rothsteins as the most deranged fraudster in town. Allen Stanford worked hard to earn that title, allegedly building an $7 billion scam from Miami and Houston while using the cash to buy ... More >>

  • Blogs

    February 13, 2012

    Nevin Shapiro Going a Bit Mad in Prison: "I'm Taking That Program Down to Chinatown"

    ​Apparently all that time behind bars is getting to convicted Ponzi schemer and allegation-throwing former booster Nevin Shapiro, because the Miami Herald got a hold of several bonkers emails the would-be-destroyer of Hurricanes football is typing up in prison. They do little to detract from Shapi ... More >>

  • Blogs

    January 4, 2012

    Gaston Canten Pleads Guilty to $135 Million Miami Ponzi Scheme

    Gaston Canten, a prominent Cuban-American businessman who used his ties in the community to bilk victims out of their hard earned money, has officially been charged and has agreed to plead guilty to his part in running a $135 million Ponzi scheme. Canten's scheme went so far that even Belen Jesuit S ... More >>

  • News

    December 29, 2011

    Miami's Dirty Dozen 2011

    View the Miami New Times Dirty Dozen 2011 slide show.

  • Blogs

    September 30, 2011

    Oscar Hernandez Charged In $3 Million Miami Ponzi Scheme

    ​South Florida, where Ponzi scheme convictions are as common as jaywalking tickets. The latest Miami man at the center of a collapsed phony empire is Oscar Hernandez. While relatively small compared to other cases, Hernandez's $3 million scheme operated in classic Ponzi scheme.

  • Blogs

    September 20, 2011

    Luther Campbell Sues Nevin Shapiro

    Don't call him "Lil Luke."​Uncle Luke is going after the convicted Ponzi schemer who proclaimed himself "Lil Luke." Today, Luther Campbell followed through on his promise to sue Nevin Shapiro for defamation.In Yahoo! Sports' investigative report on rampant booster violations he committed at the Un ... More >>

  • News

    September 15, 2011

    MBPD Chief Carlos Noriega erupts at resident's questions about Nevin Shapiro

    Don't call him "Lil Luke."​Uncle Luke is going after the convicted Ponzi schemer who proclaimed himself "Lil Luke." Today, Luther Campbell followed through on his promise to sue Nevin Shapiro for defamation.In Yahoo! Sports' investigative report on rampant booster violations he committed at the Un ... More >>

  • News

    September 1, 2011

    Nevin Shapiro's pal Donald DeLucca named Golden Beach Police chief

    Don't call him "Lil Luke."​Uncle Luke is going after the convicted Ponzi schemer who proclaimed himself "Lil Luke." Today, Luther Campbell followed through on his promise to sue Nevin Shapiro for defamation.In Yahoo! Sports' investigative report on rampant booster violations he committed at the Un ... More >>

  • Blogs

    August 17, 2011

    Nevin Shapiro: Who Is This Ponzi Dirtbag Exploding Canes Football?

    photo by Tim ElfrinkThe view from Shapiro's pool.​So Yahoo Sports dropped an ass-seeking clusterbomb all over The U last night with a mammoth expose on Nevin Shapiro's (allegedly) hooker-buying, yacht-lending, abortion-providing services for Hurricanes athletes. Their story doesn't spend much spac ... More >>

  • Blogs

    August 17, 2011

    Dan Wetzel Talks Nevin Shapiro With Michael Irvin

    via Yahoo SportsEx-UM standout tight end Kellen Winslow Jr. balling with Nevin Shapiro.During the early segment of 560 WQAM's Michael Irvin show, Yahoo Sports investigative reporter Dan Wetzel gave his take on convicted Ponzi schemer and former University of Miami athletic booster Nevin Shapiro, who ... More >>

  • Blogs

    August 15, 2011

    NCAA to Investigate Claims That Miami Hurricanes Players Took Cash From Convicted Ponzi Schemer

    A signed helmet that was once on display at Shapiro's $6 million Miami Beach mansion. ​Last year, New Times chronicled the rise and fall of flashy Miami Beach Ponzi schemer Nevin Shapiro.  The man who had donated more than $150,000 to the University of Miami football program now sits in jail ... More >>

  • Blogs

    June 8, 2011

    Miami Beach Ponzi Schemer Nevin Shaprio Gets 20 Years in Jail

    ​Nevin Shapiro lived like a modern-day Caligula. He seemed to have it all: a luxurious Miami Beach mansion on the bay, parties that attracted local notables and sports superstars, fast cars, big yacht, women and the athlete's lounge at the University of Miami named after him. It all came tumbling ... More >>

  • Blogs

    April 29, 2011

    Attorney Theodore Dempster Disbarred for Running Ponzi-Like Scheme

    ​Theodore Ross Dempster, a relatively little-known attorney in Miami, has been disbarred after allegations he ran a racket similar to a Ponzi scheme. Dempster is alleged to have set up a company purportedly involved in real estate development in Georgia, and collected hundreds of thousands of doll ... More >>

  • Blogs

    April 19, 2011

    Marguerite Jean, Alleged Ponzi Schemer, Fleeced Her Own Pastor Out of $70,000

    Marguerite Martial Jean, accused of running a $3.4 million Ponzi scheme that targeted her fellow Seventh Day Adventists​Seventh Day Adventist? More like Seventh Day A-hole.According to investigators, Marguerite Martial Jean ran a $3.4 million Ponzi scheme targeting nearly 300 of her fellow Haitian ... More >>

  • Blogs

    April 18, 2011

    Marguerite Martial Jean Busted for $3.4 Million Ponzi Scheme that Targeted Haitian-American Church Goers

    ​Given the high profile cases of Bernie Madoff, Scott Rothstein and Allen Stanford, the image of a Ponzi schemer is usually that of some rich white guy with a cigar hanging out of his mouth praying on already well-off investors, but not all schemers fit that bill. Marguerite Martial Jean, a 38-yea ... More >>

  • Blogs

    March 30, 2011

    Barry Minkow Pleads Guilty to Lennar Conspiracy

    ​As expected former conman turned pastor turned corporate whistle-blower Barry Minkow has pleaded guilty to commit securities fraud. He was accused of purposefully trying to harm the business of Lennar, a home builder that is one of the largest companies head-quartered in Miami-Dade, by reporting ... More >>

  • Blogs

    March 17, 2011

    Barry Minkow, Ex-Ponzi Schemer and Minister, To Plead Guilty To Insider Trading

    via LA WeeklyBarry Minkow​Barry Minkow's life could have been an American archetype: A seemingly successful young entrepreneur goes to prison for in fact running a Ponzi scheme, and then finds Jesus and dedicates his life to helping the feds sniff out other frauds.But like any good crook, Minkow j ... More >>

  • Blogs

    February 3, 2011

    Hialeah Man's $40 million Ponzi Scheme Nets More Arrests

    Julio Robaina​Nine more individuals have been criminally charged in the ongoing federal investigation into a $40 million ponzi scheme in Hialeah. The arrests come in the wake of news reports that the FBI and the Internal Revenue Service are investigating Hialeah Mayor Julio Robaina for alleged loa ... More >>

  • Blogs

    January 7, 2011

    University of Miami Sued for $6.4 Million in Ponzi Scheme Funds

    ​The University of Miami sure has a problem with getting caught up with Ponzi schemers. First, high profile athletic booster Nevin Shapiro was busted for a scheme, and now the university is being sued for its involvement in the alleged Ponzi scheme run by Allen Stanford. The suit claims that UM ke ... More >>

  • Blogs

    January 5, 2011

    Nevin Shapiro's Sentencing Postponed Until Valentine's Day

    photo by Tim ElfrinkShapiro's autographed UM helmet inside his palatial Miami Beach mansion.​Nevin Shapiro, the South Beach architect of a $880 million Ponzi scheme, will have to endure another few weeks of Jersey lockup before learning his punishment. His sentencing, which was originally schedule ... More >>

  • News

    December 16, 2010

    Nevin Shapiro: Miami's Caligula

    photo by Tim ElfrinkShapiro's autographed UM helmet inside his palatial Miami Beach mansion.​Nevin Shapiro, the South Beach architect of a $880 million Ponzi scheme, will have to endure another few weeks of Jersey lockup before learning his punishment. His sentencing, which was originally schedule ... More >>

  • Blogs

    September 24, 2010

    Ponzi Schemer Who Did Business With Hialeah Mayor Julio Robaina Pleads Guilty

    Proceeds from a $40 million ponzi scheme were used to buy Lladros just like this one.​Yesterday, Luis Felipe Perez, a Hialeah jeweler who federal prosecutors say swindled $40 million from victims who invested in his Ponzi scheme, agreed to plead guilty to one count of securities fraud and one coun ... More >>

  • Blogs

    September 21, 2010

    Convicted NBA Fraudster Rumeal Robinson Joins South Florida's Blown Fortune Hall of Fame

    That blindfolded chick holding the scales just made it rain justice on Rumeal Robinson. The former University of Michigan basketball hero and NBA journeyman-- whose addiction to strip clubs was first exposed by this blog-- has been convicted in Iowa federal court of fraud. The Aventura resident was ... More >>

  • Blogs

    July 2, 2010

    Mafia-Connected Haitian Ponzi Schemer Michael J. Muzio Sentenced to 13.5 Years

    ​Michael J. Muzio, one of four co-conspirators in a Ponzi scheme that targeted South Florida Haitian-Americans, has been sentenced to 163 months in federal prison. In April, New Times told you about the $14.3 million dollar scheme, which offered to double investors' cash in 90 days. Two of Muzio's ... More >>

  • Blogs

    June 17, 2010

    Charges in Yet Another Ponzi Scheme Targeting South Florida Haitians

    Miami-Dade Corrections2001 mugshot of Jean Fritz Montinard, now age 40, accused of orchestrating an $8 million Ponzi scheme.​They are a hard-working immigrant group with virtually no financial wriggle room. Whatever money can be scrimped together is often sent to relatives still living in their im ... More >>

  • Blogs

    June 10, 2010

    Scott Rothstein Sentenced to 50 Years in Prison

    Kim Rothstein and friend Stacie Weisman leaving the courthouse after the sentencing.​Unless you've been under a rock for the past few months, you should know that South Florida got stuck with its own mini-Madoff who goes by the name of Scott Rothstein. Yesterday, Rothstein was sentence by U.S. Dis ... More >>

  • Blogs

    June 2, 2010

    Jeweler Luis Felipe Perez Charged With Running $40 Million Ponzi Scheme by SEC

    via Haute LivingSome of Perez's jewelry creations. Now he may find himself behind less precious metals. ​Luis Felipe Perez is just the latest South Florida man to see his Ponzi Scheme toppled. The SEC has charged Perez with running a $40 million Ponzi scheme that targeted the local Hispanic commun ... More >>

  • Blogs

    April 21, 2010

    Nevin K. Shapiro, Miami Beach Businessman, Accused of Running $900 Million Grocery Ponzi Scheme

    via Budget Insight​"Will that be paper or plastic?" Despite the fact Nevin K. Shapiro ran a grocery diverting business, when he was asking that he was most likely wondering how victims of his alleged $900 million ponzi scheme wanted to pay up. The SEC has charged Shapiro with running the sche ... More >>

  • News

    March 25, 2010

    Scott Rothstein's work as a Mafia informant might help him in his Ponzi case

    via Budget Insight​"Will that be paper or plastic?" Despite the fact Nevin K. Shapiro ran a grocery diverting business, when he was asking that he was most likely wondering how victims of his alleged $900 million ponzi scheme wanted to pay up. The SEC has charged Shapiro with running the sche ... More >>

  • Calendar

    March 25, 2010

    Land of the Lost

    via Budget Insight​"Will that be paper or plastic?" Despite the fact Nevin K. Shapiro ran a grocery diverting business, when he was asking that he was most likely wondering how victims of his alleged $900 million ponzi scheme wanted to pay up. The SEC has charged Shapiro with running the sche ... More >>

  • Blogs

    January 18, 2010

    Miami New Times Swallowed Up By SF Rag? No Way. Reporter Greg Bensinger Screwed Up.

    ​Just the other day, Bloomberg news published a turd-filled story about the future of our newspaper chain. In half English, half Portuguese Creole, the reporters said something about Village Voice Media being forced to bankruptcy court. A paper that's part of the chain, SF Weekly, lost a judgment ... More >>

  • Blogs

    October 30, 2009

    Moron of the Week: Self-Destructive Ponzi Baller Sean Healy

    Photo via MySpace.com Never mind the fact hat he dresses like a club promoter. If your investment manager has a MySpace page, get a new investment manager.​Forget Flagler, Tuttle, and Brickell. We need to start naming streets and bridges after a historical figure whose legacy is honored eve ... More >>

  • News

    October 29, 2009

    President Obama fails to go after those responsible for the financial meltdown

    Photo via MySpace.com Never mind the fact hat he dresses like a club promoter. If your investment manager has a MySpace page, get a new investment manager.​Forget Flagler, Tuttle, and Brickell. We need to start naming streets and bridges after a historical figure whose legacy is honored eve ... More >>

  • Blogs

    September 11, 2009

    Former Miami DEA Chief Charged with Shredding Ponzi Schemer Allen Stanford's Docs

    A quick lesson for all the school kids feverishly getting a Riptide fix before class this morning: If you're working for a blatant Ponzi scheme (and don't worry, someday you will) and the SEC phones and tells you not to lose any documents, don't tell your employees to fire up the shredder. It's just ... More >>

  • Blogs

    July 6, 2009

    Ponzi Schemer Allen Stanford Raked It in Thanks to Lax Florida Regulations

    Way back in April, New Times reported on how Sir Allen Stanford built a $7 billion Ponzi scheme in the Caribbean thanks to blind regulators and political influence. via Liz Lomax 3D Illustrations for the Texas MonthlyYesterday, the Miami Herald fleshed out the local incompetance and greed that help ... More >>

  • Blogs

    June 29, 2009

    Madoff Gets 150 Years in Jail

    Bernie Madoff, the West Palm Beach financial demon who ripped off thousands of investors, many in South Florida, has been sentenced to the maximum 150 years behind bars.  "I'm responsible for a great deal of suffering and pain, I understand that. I live in a tormented state now, knowing all of the ... More >>

  • Blogs

    June 24, 2009

    Feds Indict Miami Man for $2.5 Million Ponzi Scheme

    It has been so long since we've had a good old-fashion Ponzi scheme indictment down here in Miami. That was until Isaac Niego came along and got busted today.Federal authorites claim Niego defrauded 33 investers in a $2.5 million Ponzi scheme. Niego and an unnamed coconsipirator solicited investment ... More >>

  • Blogs

    May 6, 2009

    Did the Miami Herald Ignore Warnings Six Years Ago About Stanford Ponzi Scheme?

    As we wrote last month, there weren't any shortages of warning signs that something was fishy at Stanford International. A number of regulators had ample opportunities to expose Stanford's fraud, from the SEC (which ignored several employee whistleblowers) to the DEA to Congress. via Liz Lomax 3D Il ... More >>

  • Blogs

    April 16, 2009

    Commemorate Your Ponzi Scheme Losses with a Nice Decorative Tile

    Have you been swindled out of your life savings in a massive Ponzi scheme? Are you looking for the perfect way to remember all those heady days of 15 percent returns before the market collapsed? Do you just love R. Allen Stanford's manly Texas mustache? via eBay listing We suggest you buy en ... More >>

  • News

    April 9, 2009

    The Fall of a Titan

    A downtown Miami firm allegedly helped build an $8 billion Ponzi scheme. It could have been stopped.

  • Blogs

    April 6, 2009

    Allen Stanford Will Punch You in the Mouth If You Ask About His Ponzi Scheme

    In a state still reeling from Bernie Madoff and staggering toward 10 percent unemployment, it's tough to think of many adjectives less likely to endear you to the commoners than accused billionaire Ponzi schemer.via mediaimran's flickrStanford, at left, sponsored $20 million cricket matches in the g ... More >>

  • Blogs

    March 19, 2009

    Florida: Swindled and Beaten Bloody

    Just in case yesterday's news of a bounce on the stock market gave you a glimmer of hope, Riptide is here to remind you that your future is bleak and depressing. The CBC recently compared Florida to "a terrified cardiac patient," lying awake at night, praying the angina will pass. "The confidence ga ... More >>

  • Blogs

    March 6, 2009

    News Roundup

    LocalVice President Biden tried to butter up reps from the biggest union in all the land, AFL-CIO, so they'd support the stimulus bill during a meeting in Miami Beach yesterday. [AP]He also announced $8.4 billion from the stimulus package will benefit transportation, and called the Miami Intermodal ... More >>

  • Blogs

    February 4, 2009

    News Roundup

    Brrrrr. It's cold out there. [CBS4]Traffic fines are going up because the State can't pay its bills. [NBC6]And because the State can't pay its own bills, it sure as hell isn't going to start paying more of the poor's rent. [NBC6]A cigarette smoker nearly burnt down his apartment complex. [Herald]The ... More >>

  • News

    January 22, 2009

    Madoff's Man

    South Florida multimillionaire Michael Bienes never cut ties with Bernie Madoff, even after the SEC shut him down.

  • News

    November 9, 2000

    The Last Service Station, Part 2

    As Big Oil forces out the last independent gas station dealers, the era of truly giant oil begins

  • News

    October 26, 1995

    There Must Be More to Life than Cable TV

    As nationwide deregulation looms, Morton Towers becomes Dade's first battleground in an escalating cable war

  • More >>
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