|
Frank Vennes
Frank Elroy Vennes Jr. is an American multimillionaire and convicted felon. In 1987, Frank Elroy Vennes Jr., was convicted on federal charges of money laundering, illegal firearm sales and cocaine distribution. In 1990, Vennes announced a religious transformation while incarcerated and became a major political contributor after his release . Vennes was the primary Ponzi scheme fundraiser for Tom Petters, who was convicted of organizing a Ponzi scheme $3.5 billion in Minnesota. In 2008, Vennes' homes were raided by federal agents in connection with the Petters Ponzi scheme. In July 2011, he was charged with eight counts of securities fraud, six counts of wire fraud, three counts of money laundering, three counts of bank fraud, and two counts of mail fraud. On February 1, 2013, Vennes pleaded guilty to charges of securities fraud and money laundering and on October 18, 2013, he was sentenced to 15 years in Federal prison. 1987 Money laundering conviction Internal Revenue Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nolo Contendere
' is a legal term that comes from the Latin phrase for "I do not wish to contend". It is also referred to as a plea of no contest or no defense. In criminal trials in certain United States jurisdictions, it is a plea where the defendant neither admits nor disputes a charge, serving as an alternative to a pleading of guilty or not guilty. A no-contest plea, while not technically a guilty plea, typically has the same immediate effect as a guilty plea and is often offered as a part of a plea bargain. In many jurisdictions, a plea of ' is not a typical right and carries various restrictions on its use. United States In the United States, state law determines whether, and under what circumstances, a defendant may plead no contest in state criminal cases. In federal court, the Federal Rules of Criminal Procedure only allow a ' plea to be entered with the court's consent; before accepting the plea, the court is required to "consider the parties' views and the public interest in the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Confidence Tricksters
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American White-collar Criminals
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American People Convicted Of Fraud
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American People Convicted Of Money Laundering
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whereas pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rolex
Rolex SA () is a British-founded Swiss watch designer and manufacturer based in Geneva, Switzerland. Founded in 1905 as ''Wilsdorf and Davis'' by Hans Wilsdorf and Alfred Davis in London, the company registered ''Rolex'' as the brand name of its watches in 1908 and became ''Rolex Watch Co. Ltd.'' in 1915. After World War I, the company moved its base of operations to Geneva because of the unfavorable economy in the United Kingdom. In 1920, Hans Wilsdorf registered ''Montres Rolex SA'' in Geneva as the new company name (''montre'' is French for wristwatch); it later became ''Rolex SA''. Since 1960, the company has been owned by the Hans Wilsdorf Foundation, a private family trust. Rolex SA and its subsidiary Montres Tudor SA design, make, distribute, and service wristwatches sold under the Rolex and Tudor brands. History Early history Alfred Davis and his brother-in-law Hans Wilsdorf founded ''Wilsdorf and Davis'', the company that would eventually become ''Rolex SA'', in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shorewood, Minnesota
Shorewood is a city nestled in the woods along on the shores of Lake Minnetonka in Hennepin County, Minnesota, United States. The population was 7,307 at the 2010 census. The city was incorporated in 1956. Its area was originally part of the former Excelsior Township. State Highway 7 serves as a main route. Geography According to the United States Census Bureau, the city has a total area of , of which is land and is water. It includes the Lake Minnetonka islands of Spray, Shady, and part of Enchanted. These islands are more accessible from the nearby city of Mound that provides them with postal services, fire protection, and schools. Demographics 2010 census As of the census of 2010, there were 7,307 people, 2,658 households, and 2,131 families living in the city. The population density was . There were 2,812 housing units at an average density of . The racial makeup of the city was 95.8% White, 0.8% African American, 0.3% Native American, 1.4% Asian, 0.1% Pacific Island ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pardon
A pardon is a government decision to allow a person to be relieved of some or all of the legal consequences resulting from a criminal conviction. A pardon may be granted before or after conviction for the crime, depending on the laws of the jurisdiction. Pardons can be granted in many countries when individuals are deemed to have demonstrated that they have "paid their debt to society", or are otherwise considered to be deserving of them. In some jurisdictions of some nations, accepting a pardon may ''implicitly'' constitute an admission of guilt; the offer is refused in some cases. Cases of wrongful conviction are in recent times more often dealt with by appeal rather than by pardon; however, a pardon is sometimes offered when innocence is undisputed in order to avoid the costs that are associated with a retrial. Clemency plays a critical role when capital punishment exists in a jurisdiction. Pardons are sometimes seen as a mechanism for combating corruption, allowing a part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George W
George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he previously served as the 46th governor of Texas from 1995 to 2000. While in his twenties, Bush flew warplanes in the Texas Air National Guard. After graduating from Harvard Business School in 1975, he worked in the oil industry. In 1978, Bush unsuccessfully ran for the House of Representatives. He later co-owned the Texas Rangers of Major League Baseball before he was elected governor of Texas in 1994. As governor, Bush successfully sponsored legislation for tort reform, increased education funding, set higher standards for schools, and reformed the criminal justice system. He also helped make Texas the leading producer of wind powered electricity in the nation. In the 2000 presidential election, Bush defeated Democratic incum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michele Bachmann
Michele Marie Bachmann (; née Amble; born April 6, 1956) is an American politician who was the U.S. representative for from 2007 until 2015. A member of the Republican Party, she was a candidate for President of the United States in the 2012 election, but lost the Republican nomination to Mitt Romney. Born in Waterloo, Iowa, Bachmann moved to Brooklyn Park, Minnesota, as a teenager. She graduated from O. W. Coburn School of Law, the law school of Oral Roberts University, and the William & Mary Law School. After graduating, she briefly worked in tax law for the Internal Revenue Service before becoming a stay-at-home mom. She became involved in local politics, specifically around education. Bachmann formally entered politics in 2000, when she was elected to the Minnesota Senate. In 2006, she was elected to the U.S. House of Representatives. After her unsuccessful run for president, Bachmann was elected to another term in the House in 2012, before announcing her retirement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
