The two men who conspired with the notorious "Dark Prince" were found guilty Wednesday for their part in a $2.2 million condo scam in San Francisco's Rincon Hill neighborhood.District Attorney George Gascón announced today that after a six-month trial, Winston Lum and Jay Shah, both 48, were f ... More >>
William J. Wise admitted in court that he operated a massive 10-year scheme to defraud some 1,200 investors by selling fake Certificates of Deposit, federal prosecutors said today.The CDs were issued by three different entities -- Millennium Bank, United Trust of Switzerland and Sterling Bank and T ... More >>
Did you ever get a strange feeling that you might be getting ripped off when buying your last flat-screen TV, monitor, or laptop? Well, that's probably because you did.Attorney General Kamala Harris announced today that her office, along with seven other attorneys general, got a $571-million settlem ... More >>
I lost thousands, and all I got was this crummy t-shirt.A former San Francisco attorney with a tony resume recently pleaded guilty to two counts of fraud in federal court for operating a Ponzi scheme that targeted his own friends and family.Robert Tunnell, Jr., a septuagenarian alumnus ... More >>
Yesterday, the San Francisco Chronicle broke the news that the Dungeness crab strike was over and the boats were heading out to set their traps. As SFoodie had reported before Thanksgiving, the Bay Area's Dungeness crab season began on November 15, but local fishing boats were striking in order t ... More >>
The Winklevii twins won't take no for an answer Last week, a judge told Cameron and Tyler Winklevoss, the notorious twins who accused Facebook founder Mark Zuckerberg of ripping off their plans for a social networking site similar to Facebook, to get over it -- it was time for this saga to come t ... More >>
There's one born every minute...An investment offer advertised in the San Francisco Chronicle by the bank Advanta promised 11 percent annual interest at a time when savings accounts typically offered less than 2 percent. As we noted in an article and blog post shortly thereafter, the offer was to ... More >>
For more than a century, the California Supreme Court has interpreted antitrust law as protecting consumers from high prices, not protecting the profits of entrenched market leaders who fear competition. The Supreme Court's refusal yesterday to follow Justice Joyce Kennard's wishes and hear ... More >>
Don't worry Kamala. Tyra still loves you. While attorney general candidate Kamala Harris spent the past three weeks denouncing her opponent Steve Cooley for accepting tainted campaign donations, it turns out her campaign kitty contained $1,250 from ex-Democratic moneyman Norman Hsu -- now serving ... More >>
Don't mess with the IRS...The news that an on-duty IRS special agent shot an alleged mugger at around midnight this morning in Hunters Point was something of a head-scratcher. Sure, armed IRS special agents investigate money-laundering, fraud cases, and ponzi schemes. But how many ponzi schemes a ... More >>
Eh.We'd like to award the Wall Street Journal's Bay Area section with an even slightly less enthusiastic response than we gave the New York Times. And here it is: "Eh." We have our reasons. At first, the the addition of Bay Area sections to the nation's most prominent national ... More >>
Despite Obama's promises of change, corporate crooks are still going unpunished for their roles in the financial collapse.
Courtesy of Harmann Studios and the Green Bay Packers. Used with permission. Craig Newsome celebrates the Green Bay Packers' victory in Super Bowl XXXI following the 1996-97 NFL seasonFormer Green Bay Packers and San Francisco 49ers defensive back Craig Newsome has joined the ranks of U.S. athlet ... More >>
Banking experts qualify the service being hawked in this San Francisco Chronicle ad as a potential Ponzi schemeReaders skimming the ads on page D-2 of the Sunday, July 12 San Francisco Chronicle might have been surprised to see an extraordinary investment opportunity in a quarter-page advertisement ... More >>
Although Bernie Madoff's $50 billion Ponzi scheme engulfed its share of wealthy East Coasters, a comprehensive list of victims made public today as part of a U.S. Bankruptcy Court filing revealed 43 Madoff accounts attached to San Francisco addresses. Some belonged to investment firm ... More >>
We respond to the latest ruling in the Guardian's lawsuit against us.
Half of U.S. Attorney Kevin Ryan's lawyers have quit. But as he remains bunkered against criticism, who's minding the shop?
How U.S. financial firms -- including Bank of America -- allegedly abetted a multibillion-dollar fraud, and how U.S. regulators are letting them get away with it
The unsettling link between a group of firms that sell financial planning services to elderly Californians and one of the most notorious con men in U.S. history
Previous "creative financing" debacles should haunt city officials who've approved a risky $1 billion lease of Muni streetcars
Hearst executives' behavior in the Examiner sale was nothing less than cowardly
Cleaning Out the Swamp
Earlier this year, the District Attorney's Office was flirting with farce. Then Terence Hallinan called in David Millstein.