Tag: financial crimes
Crypto Con Man Squeezed $700K From Investors
⏱ 3 min read Luciano Schipelliti, 28, of Haverhill, Massachusetts, is facing up to twenty years in federal prison for running a pair of cryptocurrency investment scams between late 2018 and 2021. The feds say Schipelliti pocketed roughly $700,000 from investors, then promptly lost it all gambling on crypto and funding a lavish lifestyle. The…
MO Salesman Jett Faces 23 Months for Tax Dodge
⏱ 2 min read Michael Jett, 60, of Independence, Missouri, will spend nearly two years in federal prison after admitting he stiffed the government – and the state of Missouri – on his taxes for six years straight. The timeshare salesman pulled the scheme between 2017 and 2022, falsifying exemptions to avoid paycheck withholding and…
Edison Execs Admit $10M Order Was a Sham
NEW YORK – The CEO of Edison Nation, Christopher Ferguson, and consultant Brian McFadden confessed in Manhattan Federal Court to fabricating a $10 million order to inflate the company’s value. The pair pleaded guilty to deceiving the Financial Industry Regulatory Authority (FINRA) after a major hand sanitizer deal fell through during the pandemic’s PPE rush.…
PPE Lie: Edison Execs Plead Guilty to $10M Scam
The pandemic was a breeding ground for desperation – and for grifters. Christopher Ferguson, the CEO and chairman of Edison Nation, and Brian McFadden, a consultant for the consumer product firm, learned that lesson well. Both men have now admitted to fabricating a $10 million order for personal protective equipment (PPE) at the height of…
Pandemic Profiteering: Edison Execs Admit PPE Order Was a Lie
Wall Street greed reached a new low during the pandemic, and two men are now facing the music. Christopher Ferguson, the former CEO of Edison Nation, and Brian McFadden, a consultant, confessed in federal court today to cooking the books and misleading investors with a fabricated $10 million PPE order. The scheme, revealed by federal…
PPE Lies: Edison Nation Execs Plead Guilty to Pandemic Fraud
The early days of the COVID-19 pandemic weren’t just a public health crisis; they were a feeding frenzy for scammers. Now, the top executives at Edison Nation, a once-promising consumer products company, are facing the music for inflating their pandemic profits. Christopher Ferguson, 58, the CEO and chairman, and Brian McFadden, a consultant, both confessed…
Link Card Kingpin Gets 4+ Years in $1.5M SNAP Scam
Chicago – David Quinones, 45, will spend the next four years and four months behind bars for systematically defrauding the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps. The feds sentenced Quinones yesterday after he pleaded guilty to a single count of federal wire fraud, a charge stemming from a brazen, five-year scheme…
Advisor Bleeds Elderly Man Dry: $10M Fraud Exposed
Atlanta, GA – A former Edward Jones advisor is facing years in federal prison after admitting to a brazen scheme that robbed an 80-year-old Georgia man of nearly $10 million. Eijroghene Okuma, 48, systematically exploited the trust placed in him, pilfering the victim’s life savings over a 16-month period. The case, which surfaced this week,…
Sacramento Con Man Gets 4+ Years for $1.1M Tax Heist
Sacramento resident Christopher Guilford, 54, will spend the next four years and beyond behind bars after a federal jury found him guilty of orchestrating a brazen $1.17 million tax refund scheme. The conviction, handed down October 30, 2025, caps a months-long investigation that exposed Guilford’s meticulously crafted fraud, built on bogus tax filings and a…
