Man Convicted Of Running $100 Million Ponzi Scheme Sentenced To 10 Years

Man Convicted Of Running $100 Million Ponzi Scheme Sentenced To 10 Years

A Connecticut man was convicted of tricking investors out of $30 million in a Ponzi scheme that involved a total of $100 million in cash exchanged in an elaborate ruse was sentenced to 10 years in prison. Once he gets out, he’ll have to pay $500 a month in restitution, although the actual figure will be based on what he can afford. [More]

Samsung Sues Journalist For Satirically Pointing Out That Its Chairman Keeps Getting Convicted Of Crimes

Samsung Sues Journalist For Satirically Pointing Out That Its Chairman Keeps Getting Convicted Of Crimes

Did you know that the chairman of Samsung, Lee Kun-hee, was convicted in 2008 for tax evasion in South Korea? Or that he was convicted in the 90s for bribing politicians? A British journalist, Michael Breen, wrote a satirical column in a South Korean newspaper last December, and now the electronics giant is suing him for libel. If found guilty, Breen could face jail time. [More]

Enzyte's Steve Warshak (And His Mom) Found Guilty!

Enzyte's Steve Warshak (And His Mom) Found Guilty!

Hooray! Steve Warshak, the snake oil salesman responsible for Enzyte (and consequently for those awful “Smiling Bob” ads) was found guilty today of conspiracy to commit mail fraud, bank fraud, and money laundering. So was his mom.