Friday, June 24, 2005

Fraud Statutes

The fraud statutes, particularly the mail and wire fraud statutes, have an elasticity that allows them to be used irrespective of the specific form of fraud.  It is, therefore, always interesting to see how different parts of the country use the statutes.  In a post of the US Attorney's Office of the Southern District of Florida here we see an individual being "charged by Information in federal court in West Palm Beach, Florida with one (1) count of wire fraud."  The alleged activity involved is what I would call - the type of fraud one might find in Florida, as opposed to a state in a colder climate (at least most of it).  The alleged fraud is described in the press release as:

"defrauded certain investors by telling them that the money they invested with her would be used to purchase the contents of estate sales, which contents could be quickly resold for a substantial profit. In fact, however, [this individual] did not use the investors’ money to purchase estate sales items. Instead, [she] used money that had been paid to her by the investors for her own personal use and to operate her own company, the [company] which was in the business of promoting women’s surfing, skateboarding and snowboarding competitions."

Well the estate sale, and the surfing at least sounds like Florida.

(esp)

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