defrauding customers

(Newser) - A 26-year-old man who tried to sell what he claimed was a walking stick used by the late Queen Elizabeth II has been sentenced for defrauding eBay buyers. Dru Marshall, from Hampshire in southern England, claimed he was a senior footman at Windsor Castle and that the proceeds from the...

(Newser) - The SEC is suing a self-proclaimed stock 'psychic' for allegedly bilking $6 million from gullible investors. Regulators say Sean David Morton, who runs the Delphi Investment Group out of California, falsely claimed to have a record of predicting the market. He funneled investor money into foreign currency trading firms and...

(Newser) - Pranksters whose future fortunes were battered by accused swindler Bernard Madofff festooned his tony Palm Beach digs with toilet paper over the weekend, reports the Palm Beach Post. Teenage boys called the newspaper to claim responsibility for the guerrilla tactic and blasted Madoff for wiping out their trust funds. The...

(Newser) - CDR, the Beverly Hills financial firm at the center of the pay-for-play scandal investigation that's snagged New Mexico Gov. Bill Richardson, is no stranger to the inside of a courtroom. It's being targeted by the SEC, the IRS, and the Department of Justice, the Los Angeles Times reports. The company,...