by ParkmanLawFirm
July 31, 2013
Criminal Law
Shawon McClung, who began Flint-McClung Capital LLC in Indiana, has pled guilty to running a Ponzi scheme totaling losses of over $1.7 million. According to court documents, McClung entered into financial discussions in 2008 with a software programmer to create proprietary software to make automated trades on the foreign currency market. McClung moved FMC from […]
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by ParkmanLawFirm
July 30, 2013
Criminal Law
The Arizona couple that helped to lead a drug and money laundering conspiracy to distribute more than 1,000 kilograms of marijuana, received their sentence on Monday, July 29th. Jose Valenzuela and his wire, Beatriz Valenzuela, were sentenced to 137 months and 125 months in prison, respectively. The couple will also face five years of supervised […]
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