Thursday, January 20, 2005
The San Diego Union Tribune, in an article titled, "Identity-theft suspect facing fraud charges," reports on perhaps one of the most fascinating people to be accused of a white collar crime. The individual, alleged to live in homeless shelters (FBI appears to question this), is accused of "bank[ing] more than $9 million in bogus class-action settlements." According to the article, he appears to have a law degree, passed the bar, but was never admitted. The article states that he "made $500,000 in less than three months in an online brokerage account where he deposited $2.3 million from a recent fraud, the FBI said." But the article also describes him as a person who was saving the money. This is clearly an unusual case.