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Rich White — Proof7 NYC
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Category — Rich White

This Thursday:: Celebrate the Launch of Gradient Magazine

November 3, 2008   No Comments

RICH “Dickie” WHITE

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Attorney Richard “Dickie” Scruggs, famous for winning billions of dollars from the big tobacco companies, has pleaded guilty to charges of trying to bribe a Mississippi judge, according to the Associated Press.

Scruggs and two other lawyers in his firm, including his son Zach, had been charged with conspiring to pay a state judge with $40,000 in cash in exchange for a favorable ruling in a case over disputed legal fees.

According to the indictment, Circuit Court Judge Henry Lackey cooperated with FBI agents to help document the bribery scheme. Lackey was presiding over a case in which Scruggs had been sued by another law firm for more than $26.5 million in attorneys fees related to Hurricane Katrina insurance claims.

An article in today’s Wall Street Journal details how Scruggs, despite earning almost $1 billion from tobacco litigation, has tenaciously fought over sharing legal settlements with other law firms.

June 24, 2008   No Comments

Rich White (s)

More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country’s housing crisis.

The FBI put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billie.

June 20, 2008   No Comments

Rich White - 25th hour

Hedge fund hustler Samuel Isreal III was thought to be dead by suicide after being convicted of conspiracy charges. Although his car was abandoned by a bridge with the words “suicide is painless”, Isreal is yet to be found.

Prosecutors say he and two other men persuaded investors to put $450 million into the Stamford, Conn.-based company by announcing nonexistent profits and providing fake audits. Meanwhile, they made millions in commissions on trades that lost money for investors. The fund’s collapse prompted calls for stricter oversight.

Isreal was due to report to federal prision by a 2:00p.m. - he was last seen 9a.m. at his girlfriends.

June 16, 2008   No Comments

Rich White John of the Year

New York Governor Elliot Spitzer also known as client 9 has been identified in a hookery scandal.

Spitzer, a client of the Emporors Club was linked to the prostitution ring during an FBI investigation.

If spitzer steps down as governor, he is to be replaced by David Paterson - who would be New Yorks first black governor.

March 11, 2008   No Comments

Rich White .

February 10, 2008   No Comments

Rich White Affair of the Week

Married Detroit Mayor Kwame Kilpatrick and his Chief of Staff Christine Beatty got busted having an affair and may be facing perjury charges. Kwame and Christine had to testify under oath about the nature of their relationship and both swore it was strictly a professional one.

Investigators went through 14,000 text messages to provide evidence.

Sounds like someone is going to jail …

January 24, 2008   No Comments

Rich White Play of the Week

Citigroup could write down as much as $24 billion due to subprime and credit-related losses. In addition, the company could lay off as many as 20,000 workers as part of a comprehensive plan to slash costs and raise capital.

January 14, 2008   No Comments

Dumb White

Prominent New York lawyer Dominic Barbara has agreed to forfeit $100,000 paid to him by a convicted drug trafficker, money the attorney concedes was proceeds from criminal activity.

Barbara received the $100,000–in cash–from John Nebel, a veteran drug trafficker who headed the so-called Cartoon Network, a large marijuana delivery service that was broken up in late-2005 by federal and state investigators.

November 30, 2007   No Comments

Rich White

The Internal Revenue Service has failed to refund about $4 billion in improperly collected taxes, according to a Treasury Department audit.

The $4 Billion “extra” dollars fell into the hands of the IRS due to a telephone tax dating back to the funding of the Spanish American War in 1898.

The tax,originally applied to all telephone use. It was later revised to apply to long-distance charges that factored both duration and distance into the cost of the call.

Follow Up

November 25, 2007   No Comments