An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and gas exploration in Kentucky and Tennessee is dead from an apparent suicide. Ashvin Zaveri, 71, late last year was charged with 16 counts of money laundering and mail and wire fraud dating back to 2003 (see NGI, Dec. 21, 2009). Zaveri shot himself on a park bench in the Rochester, NY, suburb of Mendon, the Associated Press reported. Zaveri had been expected to plead guilty to tax and fraud charges in September. He faced six to eight years in prison.
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Accused Energy Patch Swindler Commits Suicide
An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and natural gas exploration in Kentucky and Tennessee is dead from an apparent suicide.
GAO: Con Artists May be Stealing Millions from LIHEAP
Con artists using the identities of dead people and prisoners, as well as federal employees and the wealthy, could be bilking as much as $116 million a year from the Low Income Heating Assistance Program (LIHEAP), according to a new Government Accountability Office (GAO) report.
GAO: Con Artists May be Stealing $116M a Year from LIHEAP
Con artists using the identities of dead people and prisoners, as well as federal employees and the wealthy, could be bilking as much as $116 million a year from the Low Income Heating Assistance Program (LIHEAP), according to a new Government Accountability Office (GAO) report.
New York Man Could Be Energy Patch ‘Bernie Madoff’
A 71-year-old New York state man pleaded not guilty Thursday in U.S. District Court to bilking investors out of $35 million in a ponzi scheme involving oil and natural gas exploration in Kentucky and Tennessee.
New York Man Denies Energy Patch Swindle
A 71-year-old New York state man pleaded not guilty last Thursday in U.S. District Court to bilking investors out of $35 million in a ponzi scheme involving oil and natural gas exploration in Kentucky and Tennessee.
SEC Alleges Securities Promoters Bilked Oil, Gas Investors
The Securities and Exchange Commission (SEC) last Tuesday charged two securities promoters with allegedly bilking 70 investors nationwide out of an estimated $2.2 million through the sales of oil and natural gas leases. Along with the charges, the SEC issued an investor alert on its website at http://www.sec.gov warning investors to be wary of solicitations that prey on the fears of higher oil and gas prices.
SEC Alleges Securities Promoters Bilked Oil, Gas Investors
The Securities and Exchange Commission (SEC) on Tuesday charged two securities promoters with allegedly bilking 70 investors nationwide out of an estimated $2.2 million through the sales of oil and natural gas leases. Along with the charges, the SEC issued an investor alert available on its website at http://www.sec.gov warning investors to beware of solicitations that prey on the fears of higher oil and gas prices.
Three Plead Guilty to Cheating Coastal
Three men pleaded guilty this week in Houston to one count eachof wire fraud charges related to the bilking of hundreds ofthousands of dollars from the Coastal Corp.
3 Plead Guilty to Cheating Coastal
Three men pleaded guilty last week in Houston to one count eachof wire fraud charges related to the bilking of hundreds ofthousands of dollars from the Coastal Corp.