Business Jan 29, 2015

MRI owner to pay $584 million for bilking Japanese investors

A Las Vegas businessman and his company, MRI International Inc., were ordered to pay $584 million after a judge ruled that they defrauded Japanese investors in a Ponzi scheme. Edwin Fujinaga was found liable in October in a U.S. Securities and Exchange Commission lawsuit claiming ...

World / Crime & Legal Jul 16, 2014

Madoff sons took millions for real estate, trustee alleges

Bernard Madoff's sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father's firm, a court-appointed trustee said Tuesday. In an amended lawsuit against Andrew Madoff ...