Business And Professional Services
FORT LAUDERDALE, Fla. - Federal prosecutors accused a high-profile South Florida attorney of concocting a Ponzi scheme that lured millions of dollars from investors with promises of big payoffs from legal settlements that never existed, according to court documents filed Monday.
FORT LAUDERDALE, Fla. - Federal agents began seizing assets Monday of a lawyer suspected of orchestrating a multimillion-dollar fraud scheme, including his bright red Ferrari, boats and bank accounts.
FORT LAUDERDALE, Fla. - Federal agents seized computers, bank and investment records, cash and even the key to a Ferrari during an all-night search at the office of an attorney suspected of operating a massive fraud scheme.
NEW YORK - Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgraced money manager's financial records but did not know Madoff was running history's biggest Ponzi scheme.
PHOENIX - Apollo Group Inc., owner of online school The University of Phoenix, said Tuesday its fiscal fourth-quarter profit fell 60 percent as it set aside millions to cover a lawsuit settlement, booked other charges and spent more on promotions and instructional costs.
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