DALLAS—Lamonica Phillips and Pamela Gail Willis, aka Pamela Gayle Knight, both of Dallas, appeared today before U.S. Magistrate Judge Renee Harris Toliver, and each pleaded guilty to a federal felony offense stemming from their embezzlement of funds from Phillips’ former employer, announced US. Attorney Sarah R. Saldaña of the Northern District of Texas.
Specifically, Phillips and Willis, both 44, each pleaded guilty to one count of conspiracy to commit mail fraud. Each faces a maximum statutory penalty of five years in prison, a $250,000 fine, and restitution. A sentencing date was not set.
In a related case, Audrey Starr, 51, of Oklahoma City, is charged with one count of conspiracy to commit mail fraud and four substantive counts of mail fraud. If convicted the conspiracy count carries a maximum statutory penalty of five years in federal prison and each of the substantive mail fraud counts carries a maximum statutory penalty of 20 years in prison. Each count also carries a maximum statutory penalty of $250,000.
According to documents filed in the case, Phillips and Willis devised and carried out a scheme to embezzle money from Phillips’ employer, Industry Consulting Group (ICG). Starr allegedly became a conspirator in the scheme through knowingly receiving and using stolen funds.
ICG is a tax consulting business based in Dallas that focuses on tax valuation of properties and the maintenance of tax portfolios. As part of their business ICG, on behalf of their clients, pays taxes on home mortgages and provides valuations of properties in order to contest tax appraisals.
As part of her duties, Phillips had access to ICG’s financial software, could prepare checks on behalf of ICG, and was responsible for cashing and mailing checks to ICG’s customers. Phillips began the scheme to defraud ICG in March 2012, following a conversation with her good friend, Willis.
Showing posts with label mailfraud. Show all posts
Showing posts with label mailfraud. Show all posts
Thursday, December 26, 2013
Tuesday, October 22, 2013
Operator of $2.5 Million Sacramento Ponzi Scheme Convicted by Jury
SACRAMENTO, CA—On Thursday, after a three-day trial, a federal jury returned a guilty verdict against James G. Berghius, 41, of Sacramento, convicting him of four counts of mail fraud, four counts of wire fraud, and one count of money laundering related to a Ponzi scheme that he operated, announced United States Attorney Benjamin B. Wagner, Sacramento FBI Special Agent in Charge Monica M. Miller, and Special Agent in Charge IRS-Criminal Investigation José M. Martínez.
According to evidence presented at trial, between 2005 and 2007, Berghuis orchestrated a Ponzi scheme in the Sacramento area defrauding family members, friends, and other acquaintances of more than $2.5 million. Berghuis convinced some investors to take out home-equity loans to make their investments. Berghuis promised investors that he would use their money to invest in hard-money loans, real estate transactions, or the purchase of real estate franchises. He also offered to several victims a deed of trust on his commercial property, promising each that they would be in second position on the title.
Instead, Berghuis used investors’ money to pay back other investors and for buying himself luxury goods, including several Mercedes Benz cars. Berghuis purchased a top-of-the line S65 Mercedes Benz worth more than $200,000 by signing over a check that he had received from an investor earlier the same day. He then made a series of excuses to the investors as to why he could not pay them back on the promised dates.
“Ponzi schemes like this one are devastating to the victims, and prosecuting perpetrators is one of our highest priorities,” U.S. Attorney Wagner said. “This office will continue to work closely with the FBI and IRS-CI to root out fraudsters, and hold them accountable for their actions.”
“Berghius enjoyed a lavish lifestyle at the expense of unsuspecting investors. His actions serve as an example of the unconscionable greed that fuels fraud cases,” FBI Special Agent in Charge Miller said. “Fraud remains a top priority for the FBI and the public should reach out to us when they encounter such schemes. The losses directly impact fraud victims but these crimes also have an indirect yet lasting negative impact on the community’s prosperity as well.”
“Promoters of Ponzi schemes prey upon trusting investors and then steal their hard earned money,” IRS-CI Special Agent in Charge Martínez said. “IRS-CI is committed to identifying and investigating those who take advantage and impact the financial well-being of others for their own personal financial benefit.”
This case is the product of an investigation by the Federal Bureau of Investigation and the IRS-Criminal Investigation. Assistant United States Attorneys Todd Pickles and Richard Elias are prosecuting the case.
Berghuis was remanded into custody following the jury verdict and is scheduled to be sentenced by United States District Judge William B. Shubb on January 13, 2014. Berghuis faces a maximum statutory penalty of 20 years in prison for mail fraud and wire fraud and 10 years in prison for money laundering. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.
According to evidence presented at trial, between 2005 and 2007, Berghuis orchestrated a Ponzi scheme in the Sacramento area defrauding family members, friends, and other acquaintances of more than $2.5 million. Berghuis convinced some investors to take out home-equity loans to make their investments. Berghuis promised investors that he would use their money to invest in hard-money loans, real estate transactions, or the purchase of real estate franchises. He also offered to several victims a deed of trust on his commercial property, promising each that they would be in second position on the title.
Instead, Berghuis used investors’ money to pay back other investors and for buying himself luxury goods, including several Mercedes Benz cars. Berghuis purchased a top-of-the line S65 Mercedes Benz worth more than $200,000 by signing over a check that he had received from an investor earlier the same day. He then made a series of excuses to the investors as to why he could not pay them back on the promised dates.
“Ponzi schemes like this one are devastating to the victims, and prosecuting perpetrators is one of our highest priorities,” U.S. Attorney Wagner said. “This office will continue to work closely with the FBI and IRS-CI to root out fraudsters, and hold them accountable for their actions.”
“Berghius enjoyed a lavish lifestyle at the expense of unsuspecting investors. His actions serve as an example of the unconscionable greed that fuels fraud cases,” FBI Special Agent in Charge Miller said. “Fraud remains a top priority for the FBI and the public should reach out to us when they encounter such schemes. The losses directly impact fraud victims but these crimes also have an indirect yet lasting negative impact on the community’s prosperity as well.”
“Promoters of Ponzi schemes prey upon trusting investors and then steal their hard earned money,” IRS-CI Special Agent in Charge Martínez said. “IRS-CI is committed to identifying and investigating those who take advantage and impact the financial well-being of others for their own personal financial benefit.”
This case is the product of an investigation by the Federal Bureau of Investigation and the IRS-Criminal Investigation. Assistant United States Attorneys Todd Pickles and Richard Elias are prosecuting the case.
Berghuis was remanded into custody following the jury verdict and is scheduled to be sentenced by United States District Judge William B. Shubb on January 13, 2014. Berghuis faces a maximum statutory penalty of 20 years in prison for mail fraud and wire fraud and 10 years in prison for money laundering. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.
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