Judge Issues Fines for Defaulted Golf Course
- $6M in Fines Proposed For Sarbaz & Firm. Hume, Lynn // Bond Buyer;7/19/2004, Vol. 349 Issue 31928, p1
Reports that a federal judge in Los Angeles, California has found that Manouher Sarbaz and his company, Pacific Golf Community Development LLC, the developer of a residential golf course community, misled bondholders. Reason why there was very little chance that the golf course would ever be...
- Rancho Lucerne Developer Questioned in Pacific Genesis Trial. Williams, Rochelle // Bond Buyer;01/30/2001, Vol. 335 Issue 31066, p6
Reports on the securities fraud non-jury trial against Pacific Genesis Group Inc. Questioning of Manoucher Sarbaz of the Pacific Golf Community Development in Los Angeles, California.
- FAR WEST Bond-Watch. // Bond Buyer;10/1/2004, Vol. 350 Issue 31981, p43
Presents updates related to municipal bonds in the U.S. as of October 1, 2004. Expectation for the approval of the Contra Costa Community College District board of the budget that reduces faculty salaries; Approval of the new program that will issue lease-revenue debt to finance emergency loans...
- BUILDERS FINED FOR STREAM POLLUTION. // Fly Fisherman;Dec2008, Vol. 40 Issue 1, p24
The article reports that the homebuilders Centex Corp., KB Home, Pulte Homes Inc. and Richmond American Homes will have to pay a total of $4.3 million to settle allegations that they have violated clean water laws at construction sites in 34 states and the District of Columbia.
- HUD Fines Mortgage Firms for Kickbacks . // American Banker;11/27/2001, Vol. 166 Issue 226, p12
Announces the sum figures collected as fines from several mortgage-related firms for violating the Real Estate Settlement Procedures Act. Implementation of the law by the Department of Housing and Urban Development; Inclusion of illegal kickbacks and referrals in the act; Determination to stop...
- False Deeds at Heart of $1.6M NY Scam. // National Mortgage News;09/11/2000, Vol. 24 Issue 51, p12
Focuses on a complaint involving mortgage fraud in Brooklyn, New York, New York. Allegations of forgery against Kevin Walker; Implications for the real estate industry; Need for tighter and more reliable document verification procedures; Process for verifying document authenticity in other states.
- Anil Kumar Settles SEC Charges in Galleon Case. // India -- West;5/28/2010, Vol. 35 Issue 27, pB4
The article reports on the payment of a fine worth 2.8 million dollars by McKinsey & Co. former director Anil Kumar to settle the complaints charged by the U.S. Securities and Exchange Commission concerning his involvement in the multi-billion dollar Galleon insider-trading scam.
- FBI Ordered to Pay California Shura Council. // Islamic Horizons;Jan/Feb2012, Vol. 41 Issue 1, p11
The article reports on the decision of U.S. District Court Judge Cormac Carney to order the Federal Bureau of Investigation (FBI) to pay the legal fees of the Islamic Shura Council of Southern Council of Southern California that filed a lawsuit against the agency for access to its files.
- U.S. Indictment Charges 9 Persons with Computer Hacking and Securities Fraud. Zagaris, Bruce // International Enforcement Law Reporter;8/1/2015, Vol. 31 Issue 8, p321
The article reports on the unsealing of indictments in the U.S. District Court for the Eastern District of New York and Newark, New Jersey that charge nine persons with computer hacking and securities fraud. Based on the indictments, defendants Ivan Turchynov and Oleksandr Ieremenko allegedly...