Ponzi scheme, corporate secret thief, and other Trump allowed

Donald Trump 11 hours amnesty In effect, his last presidential action included the man behind the $ 300 million Ponzi scheme. The list also includes a real estate developer charged with “Varsity Blues,” a former Google executive convicted of stealing corporate secrets. College admission scandalLas Vegas gambler imprisoned for his role in, and Insider Trading Scandal..

In all, Trump forgave 73 have commuted 70 sentences, including former political strategist Steve Bannon. Rumors have spread that “Tiger King” documentary star Joe Exotic is allowed. He wasn’t. However, some of the president’s mercy have been convicted of various financial and other white-collar crimes, including three convicted of deceiving investors in real estate transactions. There was.

Here are some of the people Trump forgave on his last day at the White House.

Corporate spy

Perhaps the most famous former executive who created Trump’s amnesty list was Anthony Levandowski. Formerly Google’s top engineer, He pleaded guilty to download last year A pile of files containing some secrets related to the development of self-driving cars by search companies. When it acquired Levandowski, an autonomous trucking company founded after leaving Google, the stolen intellectual property eventually fell into the hands of Uber. He was sentenced to 18 months in prison from August. In a statement, the White House founded two of Silicon Valley’s most prominent Trump supporters, investor Peter Thiel, and Okrus, a virtual reality headset company acquired by Facebook six years ago. Palmer Luckey said he supported the amnesty.

Ponzi scheme

In 2015, Fred Clarke was convicted of implementing a Ponzi scheme that raised $ 300 million from more than 1,000 investors. According to Clark, his company is developing vacation condos, but many properties weren’t completed and much of the money that came in was used to pay old investors. Many of his victims, each investing hundreds of thousands of dollars, said their retirement savings had been wiped out. Clark had at least $ 22 million in his pocket before fleeing to Central America. He was arrested in 2014 and sentenced to 40 years in prison by a judge in 2016, most of whom are now never in prison.

“I was sick of it,” said Bruce Burns, a lawyer who has spent years on behalf of those who lost money in Clark’s investment fraud. “There were some good people who were really hurt by the fraud. Some of them are still dealing with debt collectors as a result of the plan.”

Insider trading

The insider trading case involving sports gambler William “Billy” Walters was big news in 2016, primarily due to the involvement of professional golfer Phil Mickelson. Once featured at CBS’s 60 Minutes, Walters earned more than $ 40 million by trading Dean Foods shares, based on information obtained from the former chairman. The Securities and Exchange Commission could not prove that Mickelson knew that Walters’ information came from an illegal source, so Mickelson traded Dean Foods shares on Walters’ recommendations. After agreeing to repay about $ 1 million, he was unhooked. Walters was sentenced to five years in prison and is now scheduled to leave the country one year earlier.

College admission scandal

Miami real estate developer Robert Zangrillo was involved in the same college admission drugnet Trapped celebrities Felicity Huffman and Lori Loughlin.. His proceedings had not yet been tried when Trump pardoned him. The White House said Zangrillo deserves forgiveness because his daughter did not rely on arranging someone else to take the entrance exam on her behalf. According to court documents, Zangrillo paid $ 250,000 in bribes, forged the crew’s record of sports achievements, and someone else’s daughter’s college to facilitate transfer to the University of Southern California. I arranged to take a class and raise my GPA. However, the legal issues of Zangrillo are not over yet. He is still facing a separate accusation from the Federal Trade Commission. The Federal Trade Commission claims that one of Zangrillo’s companies operated a fraudulent site set up to represent government agencies.

Ponzi scheme, corporate secret thief, and other Trump allowed

Source link Ponzi scheme, corporate secret thief, and other Trump allowed

Back to top button