Subject:

Corporate Fraud

  • 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 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

    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

    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

    November 3, 2009

    Ex-Judge Points a Finger at the State Attorney's Office in His Corruption Trial

    If ever the Miami State Attorney's Office has prosecuted a lose-lose case, the ongoing trial of former judge Phil Davis is it. Getting a conviction might just make the prosecutor's office look negligent in its past dealings with the alleged fraud organizer.​If Davis' sname sounds familiar, it's be ... 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

    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

    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 >>

  • 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 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 >>

  • 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.

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