crime watch

People doing bad, bad things...

Last week, Seng Tan and her husband, James Bunchan were convicted of conspiracy to commit mail fraud through a pyramid scheme that scammed $27 million from some 500 victims all over the country: Couple is found guilty in scheme. The couple persuaded hundreds of fellow Cambodian immigrants to invest their life savings in a local marketing firm, promising to make them rich. Instead, Tan and Bunchan spent more than $3 million of the investment money on Mississippi riverboat gambling trips and Las Vegas casinos, millions more on a Florida home and fancy cars, $23,000 on hairpieces, and $5,000 for tennis lessons. And now that they've lived it up, they'll be going to jail for a very long time.

More on the Ed Jew scandal in San Francisco: Chinese divided by scandal in S.F. Jew was charged with election fraud over questions of whether or not he actually lives in the district he was elected to represent.

In Denver, a 25-year-old liquor store clerk, Loc Truong, was sentenced to 18 months of probation and short-term house arrest for selling rum to a minor who died later that night in a car accident, along with his friend: Clerk given house arrest for selling minor liquor before deadly crash. The kid was using a fake ID to buy the booze. The victims' families apparently wanted the stiffest for Truong. I guess they really wanted someone to blame (never mind that your kid was the one who used the used the fake ID).

Three former executives of the Countrywide Financial Corporation, Alan Cao, Quan Zhu and Jun Shi, have agreed to plead guilty to charges they conducted insider trading in the mortgage lender's shares in the week leading up to a disappointing earnings report: 3 Ex-Officers at Bank Admit Insider Trading. The three admitted to betting that Countrywide shares would decline after they learned the company's results in the third quarter of 2004 would fall short of analysts' forecasts. Ah, white collar crime.

Busted! Twenty-nine people were charged as part of network of international plots to smuggle nearly $700 million in real and counterfeit goods from China through Kennedy International Airport and seaports in Newark, Houston, Staten Island and Long Beach: 29 Are Accused of Smuggling Fake Goods Into the U.S.. Looks like you'll have to get your fake Louis Vuitton bags elsewhere.

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