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According to the Chicago Sun-Times, Dr. Robert Weinstein of Chicago was accused of siphoning $6 million from a North Shore charity with his friend Stuart Levine and keeping $3 million for himself in a complicated series of financial transactions. Weinstein admitted he didn't report the income to the IRS.
He faces three years in prison when he is sentenced in July.
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The Associated Press reports that Massachusetts fraudster, 44 year old Tod Schaffer has plead not guilty and released on his own recognizance after authorities charged him with insurance fraud. Schaffer made 21 false claims on he same broken tooth that he suffered from a visit at a restaurant. The tooth, which was injured with Schaffer bit into a piece of plastic in his salad at a restaurant in October 2002. The eatery paid the costs of his treatment. What's more interesting than Schaffer's claims is which insurance company doled out the $36 grand...
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According to The Chicago Tribune, home buyers who purchased homes under false pretenses could soon sue the home sellers in Wisconsin. A bill being presented today in Wisconsin could reverse a Wisconsin Supreme Court decision last year that barred civil fraud lawsuits stemming from residential home sales. Dissenting Justice Ann Walsh Bradley said the decision made Wisconsin the only state to do so and allowed sellers to "look the buyer in the eye, lie about the condition of the home, and escape legal consequences." The decision limited lawsuits in real estate transactions to claims of breach of contract and false advertising.
The bill restores the ability of ripped off buyers to sue for fraud, which had been common and allows for greater damages. Let's hope the bill passes and other states implement the same consequences for phony home sales.
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