Sentences with phrase «suit alleges a scheme»

Irwin Winkler's suit alleges a scheme of «studio accounting on steroids» in demand for promised profits

Not exact matches

(RNS) Atlanta megachurch pastor Bishop Eddie Long is facing a suit from former parishioners who say he encouraged them to invest in a company that was operating an alleged Ponzi scheme.

The scheme took place almost from the day he arrived at the firm in 2006 through most of last year, the suit alleges.

NRP also is the company that filed a civil suit against the mayor, alleging Brown engaged in a pay - to - play scheme that ended up killing NRP's $ 12 million affordable housing project in the city.

Public School 24 Assistant Principal Manny Verdi slapped state Assemblyman Jeffrey Dinowitz with the $ 9 million suit Tuesday, claiming Dinowitz tried to push him out of his job and made false statements about him in retaliation for exposing an alleged scheme to block new students.

The suit also cites former chief former chief technology officer, Ulrich Kranz, as being part of the allege scheme.

According to a report by CNN Money, the U.S. Commodity Futures Trading Commission (CFTC) announced this week that it would file suit against a man and his New York - based company over an alleged Ponzi scheme involving bitcoin.

The CFTC, which is an independent agency charged with monitoring the derivatives markets in the U.S., has not as of yet filed any other suits alleging fraudulent schemes related to bitcoin or other cryptocurrencies.

The suit alleges that instead of performing any real business activity, Bitconnect merely «relied on new money from new users, who were in turn expected to get more new users to produce more new money,» aka a Ponzi scheme.

Emergent has filed suit under the federal Racketeering Influenced and Corrupt Organizations Act («RICO») on behalf of 164 former students of «Flip This House» star Armando Montelongo and his companies, alleging that the real estate mogul's educational offerings — which cost up to tens of thousands of dollars, and which are attended by thousands of students every year — do not live up to the central claim that the Montelongo «system works in any financial market, at any given time,» and are instead the heart of a fraudulent scheme to sell students worthless «education.»