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Rick Koerber
Claud Roderick "Rick" Koerber (born Claud Roderick Franklin 1973, Casper, WY) is an American convicted felon who was found guilty in federal court of orchestrating and running a $100 million Ponzi scheme, one of the largest in Utah's history. Koerber took in $100 million from 2004 to 2008 by promising his victims returns of 24% to 60% annually, but spent $50 million on Ponzi payments to prior investors, and also bought luxury items to give his scheme an appearance of profitability. In 2019, Koerber was sentenced to 170 months (14 years, 2 months) in federal prison and restitution of $45 million. Biography In the 1990s, Koerber operated a company called National Business Solutions in his hometown of Casper, Wyoming. He "admitted to violating Wyoming securities laws in 2000", and declared bankruptcy in 2001 then relocated to Utah. His base of operations was Alpine, Utah. Koerber attracted investors with long seminars that combined his views on capitalism with his religious philosoph ... [...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] |
Tax Evasion
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Births
Events January * January 1 - The United Kingdom, the Republic of Ireland and Denmark 1973 enlargement of the European Communities, enter the European Economic Community, which later becomes the European Union. * January 15 – Vietnam War: Citing progress in peace negotiations, U.S. President Richard Nixon announces the suspension of offensive action in North Vietnam. * January 17 – Ferdinand Marcos becomes President for Life of the Philippines. * January 20 – Richard Nixon is Second inauguration of Richard Nixon, sworn in for a second term as President of the United States. Nixon is the only person to have been sworn in twice as President (First inauguration of Richard Nixon, 1969, Second inauguration of Richard Nixon, 1973) and Vice President of the United States (First inauguration of Dwight D. Eisenhower, 1953, Second inauguration of Dwight D. Eisenhower, 1957). * January 22 ** George Foreman defeats Joe Frazier to win the heavyweight world boxing championship. ** A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid And Ponzi Schemes
A pyramid (from el, πυραμίς ') is a structure whose outer surfaces are triangular and converge to a single step at the top, making the shape roughly a pyramid in the geometric sense. The base of a pyramid can be trilateral, quadrilateral, or of any polygon shape. As such, a pyramid has at least three outer triangular surfaces (at least four faces including the base). The square pyramid, with a square base and four triangular outer surfaces, is a common version. A pyramid's design, with the majority of the weight closer to the ground and with the pyramidion at the apex, means that less material higher up on the pyramid will be pushing down from above. This distribution of weight allowed early civilizations to create stable monumental structures. Civilizations in many parts of the world have built pyramids. The largest pyramid by volume is the Great Pyramid of Cholula, in the Mexican state of Puebla. For thousands of years, the largest structures on Earth were pyramids ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Radio Personalities
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] |
Businesspeople From Utah
A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth. History Prehistoric period: Traders Since a "businessman" can mean anyone in industry or commerce, businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants. Medieval period: Rise of the merchant class Merchants emerged as a "class" in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accoun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frederic Block
Frederic Block (born June 6, 1934) is a senior United States district judge of the United States District Court for the Eastern District of New York. Education and career Born in Brooklyn, New York, the Honorable Frederic Block received an Artium Baccalaureus from Indiana University in 1956 and a Bachelor of Laws from Cornell Law School in 1959. After law school, he was a clerk to the New York Supreme Court, appellate division, from 1959 to 1961. He was in private practice of law in Patchogue from 1961 to 1962, then in Port Jefferson, Centereach, and Smithtown, moving back and forth between these locations from 1962 to 1994. During this time, he became an adjunct professor at Touro Law School, beginning in 1992. In private practice, Block handled both civil and criminal cases, and trial and appellate work—even arguing a case before the Supreme Court of the United States. Federal judicial service On July 22, 1994, Block was nominated by President Bill Clinton to a seat on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evil Angel (film)
''Evil Angel'' is a 2009 independent film, indie horror film, horror mystery film written, directed and co-produced by Richard Dutcher, starring Ving Rhames, Ava Gaudet, Kristopher Shepard and Dutcher. Plot Marcus (Kristopher Shepard) is a paramedic who one night on the job becomes emotionally attached to a well-regarded woman named Emma Carillo (Rachel Emmers), a dying patient with five stab wounds. He attempts to help save her life, but she dies at the Mercy Hospital, as a near-death patient, Caroline Kuntz (JJ Neward), awakes, kills two people and leaves. Marcus finds his life spiraling down when he witnesses his wife, Carla (Ava Gaudet), sleep with a stranger. Along with finding out Emma had died before he aided her revival, Marcus is also suspended from work for the medical mistreatment and death of a prostitution, hooker, Elizabeth Markham, as Private detective Carruthers (Ving Rhames) is assigned to investigate the case. Before returning to work, Marcus attends Emma's funer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Dutcher
Richard Alan Dutcher (born 1964)Click "Biography" in the bottom-left of this web site: is an American independent filmmaker who produces, writes, directs, edits, and frequently stars in his films. After making '' God's Army'', a successful 2000 movie about LDS missionaries, Dutcher became well known among members of the Church of Jesus Christ of Latter-day Saints (LDS Church). Film critic Jeff Vice, of the ''Deseret News'', dubbed Dutcher "The Godfather of Mormon Cinema," a title that is very important personally for Dutcher. In 2007, Dutcher left the LDS Church. Biography and personal life Dutcher was born in Oak Park, Illinois as Richard Hill. His family moved frequently, and at age seven his parents divorced. As a member of the LDS Church, Dutcher served a two-year mission in Mexico. Dutcher lived in his car during high school and was so financially strapped while attending college that he frequently had to choose between eating and going to the movies. Because of his love ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jill Parrish
Jill Annette Niederhauser Parrish (born August 16, 1961) is a United States district judge of the United States District Court for the District of Utah and a former justice of the Utah Supreme Court. Parrish grew up in Utah and received her Bachelor of Arts degree from Weber State University in 1982. In 1985 she received her Juris Doctor from Yale Law School. Parrish then served as a law clerk for David K. Winder of the United States District Court for the District of Utah. Parrish also served as an assistant United States attorney in the Civil Division of the United States Attorney’s Office for the District of Utah from 1995 until her appointment to the Utah Supreme Court. Early life Parrish was born Jill Annette Niederhauser in Ogden, Utah, on August 16, 1961, the daughter of Ed and Beulah Niederhauser. She lived in Ogden until she left for law school in 1982. Parrish graduated from Ogden High School in 1979. She attended Weber State University, graduating with a Bachelor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
With Prejudice
Prejudice is a legal term with different meanings, which depend on whether it is used in criminal, civil, or common law. In legal context, "prejudice" differs from the more common use of the word and so the term has specific technical meanings. Two of the most common applications of the word are as part of the terms "with prejudice" and "without prejudice." In general, an action taken ''with prejudice'' is final. For example, "dismissal with prejudice" forbids a party to refile the case and might occur because of misconduct on the part of the party that filed the claim or criminal complaint or also as the result of an out-of-court agreement or settlement. Dismissal "without prejudice" (Latin: ''salvis iuribus'') allows the party the option to refile and is often a response to procedural or technical problems with the filing that the party may correct by filing again. With prejudice and without prejudice Criminal law Depending on the country, a criminal proceeding which ends prem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arraignment
Arraignment is a formal reading of a criminal charging document in the presence of the defendant, to inform them of the charges against them. In response to arraignment, the accused is expected to enter a plea. Acceptable pleas vary among jurisdictions, but they generally include "guilty", "not guilty", and the peremptory pleas, or pleas in bar, setting out reasons why a trial cannot proceed. Pleas of '' nolo contendere'' ("no contest") and the Alford plea are allowed in some circumstances. Australia In Australia, arraignment is the first of 11 stages in a criminal trial, and involves the clerk of the court reading out the indictment. The judge will testify during the indictment process. Canada In every province in Canada, except British Columbia, defendants are arraigned on the day of their trial. In British Columbia, arraignment takes place in one of the first few court appearances by the defendant or their lawyer. The defendant is asked whether they plead guilty or no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
