'Medical judgment is being subsidized for profit margin'

U.S. Attorney David Rivera on combating 'increasingly creative' fraud
Nov 15, 2015 12:05 PM

Knoxville rep's indictment stems from 2007 cigarette tax increase

U.S. attorney's office alleges Armstrong earned half a million on vote to hike tax
Jun 17, 2015 7:23 PM

Sommet founder Whitfield sentenced to 20 years in prison

Judge also orders $1.8M in restitution
Jun 9, 2015 6:55 AM

Convicted Brentwood fraudster gets time in CNBC doc

CNBC will tonight premiere White Collar Convicts, a look at what happens to corporate swindlers once they go behind the barbed wire. Among those featured on the show is Aaron Vallett, a former Brentwood resident who in 2012 was sentenced to 10 years and fined $5.5 million for stealing from clients' retirement plans. These days, Vallett is among other things the bookkeeper of the commissary at his prison, something he freely admits is quite ironic. Check out a clip here and get more info on White Collar Convicts here.

SEE ALSO: Our past coverage of Vallett's case

Apr 29, 2015 7:35 AM

Sommet founder convicted for $20M fraud

Jury finds Whitfield guilty on 14 of 15 charges; sentencing set for January
Nov 10, 2014 5:55 AM

14-year sentence for Hanover scheme CEO

The man who orchestrated an $18 million Ponzi scheme that defrauded about 150 investors in the middle of the last decade has been sentenced to 14 years in prison and ordered to repay almost all of his ill-gotten gains. Gallatin native Terry Kretz pleaded guilty to fraud charges early this year and will be subject to three years of supervised release following his time in prison. Co-conspirators Robert Haley and Daryl Bornstein are scheduled to be sentenced next week.

Kretz told clients that their money would be used for specific purposes, such as investing in stock options and startup companies. In fact, however, more than half of the money invested in Hanover went to repay earlier investors, to pay Hanover’s salaries and overhead and to fund personal luxuries, including Kretz’s purchase of a $600,000 residential building lot, a $176,000 contribution to a church, and golf memberships.

Aug 18, 2014 7:11 AM

Hackers get thousands of government workers' info from Healthways subcontractor

Firm: No medical, Social Security numbers stolen
Aug 13, 2014 7:05 AM

Former imaging company exec pleads guilty to embezzling $1.2M

Defendant faces up to 40 years for wire fraud
Jul 16, 2014 6:56 AM

SEC charges AgFeed execs, board member

The Securities and Exchange Commission on Tuesday said it had filed charges against four Chinese executives, a U.S. officer and the audit committee chair of AgFeed Industries, which had its headquarters in Hendersonville before quickly relocating to Colorado in late 2011. In a statement, SEC officials said the execs of the animal feed company inflated revenues and hid their correct set of financials from auditors. The director being charged is merchant banker Ivan Gothner, whom regulators say had a chance to fix things.

He sought advice from a former director and company advisor who responded in e-mail communications that there was “not just smoke but fire” and recommended that AgFeed hire professional investigators guided by outside legal counsel. However, Gothner ignored the recommendation and internalized the situation while false financial reporting continued.

Mar 12, 2014 6:57 AM

401(k) funds theft plea from former home builder CEO

Department of Labor sued two years ago over actions in run-up to Corinthian's 2008 end
Mar 4, 2014 7:07 AM