THIS JUST IN ~ CURRENT NEWS STORIES

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ONGOING CRIME BREAKING NEWS!

Starting in January 2020, this thread is about the news as it breaks!

Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the largest Ponzi scheme in history, according to a Wednesday federal court filing.

Madoff, 81, has terminal kidney failure and a life expectancy of less than 18 months. When the court sentenced him, “it was clear that Madoff’s 150-year prison sentence was symbolic for three reasons: retribution, deterrence, and for the victims,” the court filing states. “This Court must now consider whether keeping Madoff incarcerated … is truly in furtherance of statutory sentencing goals and our society’s value and understanding of compassion.”

Madoff said in the request for compassionate release that he “does not dispute the severity of his crimes.”

krdo.com

Bernie Madoff says he's dying and wants out of prison - KRDO

Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the largest Ponzi scheme in history, according to a Wednesday federal court filing. Madoff, 81, has terminal kidney failure and a life expectancy of less...
krdo.com krdo.com

IMO- stay in jail
 
Last edited by a moderator:
Click to expand...

I guess it was fun while it lasted - piece of garbage​


Florida man got $1.9M in PPP money, used it to buy new Mercedes & pickup truck​

Keith William Nicoletta, 48, of Dade City, was arrested earlier this week, according to a news release from the U.S. Department of Justice. In a criminal complaint unsealed Friday, Nicoletta was charged with bank fraud and illegal monetary transactions. If convicted, Nicoletta faces up to 40 years in federal prison.

According to prosecutors Nicoletta applied for a small business loan through the Payroll Protection Program, which was earmarked for small businesses struggling because of the coronavirus pandemic. The PPP was part of the coronavirus relief package that became federal law as part of the Coronavirus Aid Relief and Economic Security Act in March.

Prosecutors allege that Nicoletta falsely claimed on his loan application that he owned a scrap metal business with 69 employees and had a monthly payroll that exceeded $760,000, according to the release. According to prosecutors, that amounted to $9 million annually, but Nicoletta had reported no wages to the state of Florida for any employees for 2019 or 2020.
Once Nicoletta received the money, prosecutors claim that he transferred the money between various accounts and withdrew more than $100,000 in cash. Prosecutors also allege that Nicoletta bought a 2020 Mercedes for $105,000 and a 2020 special edition Ford F-250 pickup for $66,000. He also allegedly wired approximately $537,000 to a property management company in South Florida.
None of the money was used for payroll, the release stated.
Once the emergency loan was secured, Nicoletta transferred the money between various accounts and withdrew more than $100,000 in cash, officials said. Nicoletta then purchased a 2020 Mercedes and a 2020 special edition Ford F-250 pickup. He also wired approximately $537,000 to a property management company in South Florida.
An attorney for Nicoletta did not respond to a message seeking comment.

www.wsbtv.com

Florida man got $1.9M in PPP money, used it to buy new Mercedes, prosecutors say

A Florida man who received more than $1.9 million in coronavirus relief funds is accused of laundering the money through a fake business and also buying a Mercedes and a pickup truck, prosecutors said Friday.
www.wsbtv.com www.wsbtv.com
 
noZme said:

I guess it was fun while it lasted - piece of garbage​


Florida man got $1.9M in PPP money, used it to buy new Mercedes & pickup truck​

Keith William Nicoletta, 48, of Dade City, was arrested earlier this week, according to a news release from the U.S. Department of Justice. In a criminal complaint unsealed Friday, Nicoletta was charged with bank fraud and illegal monetary transactions. If convicted, Nicoletta faces up to 40 years in federal prison.

According to prosecutors Nicoletta applied for a small business loan through the Payroll Protection Program, which was earmarked for small businesses struggling because of the coronavirus pandemic. The PPP was part of the coronavirus relief package that became federal law as part of the Coronavirus Aid Relief and Economic Security Act in March.

Prosecutors allege that Nicoletta falsely claimed on his loan application that he owned a scrap metal business with 69 employees and had a monthly payroll that exceeded $760,000, according to the release. According to prosecutors, that amounted to $9 million annually, but Nicoletta had reported no wages to the state of Florida for any employees for 2019 or 2020.
Once Nicoletta received the money, prosecutors claim that he transferred the money between various accounts and withdrew more than $100,000 in cash. Prosecutors also allege that Nicoletta bought a 2020 Mercedes for $105,000 and a 2020 special edition Ford F-250 pickup for $66,000. He also allegedly wired approximately $537,000 to a property management company in South Florida.
None of the money was used for payroll, the release stated.
Once the emergency loan was secured, Nicoletta transferred the money between various accounts and withdrew more than $100,000 in cash, officials said. Nicoletta then purchased a 2020 Mercedes and a 2020 special edition Ford F-250 pickup. He also wired approximately $537,000 to a property management company in South Florida.
An attorney for Nicoletta did not respond to a message seeking comment.

www.wsbtv.com

Florida man got $1.9M in PPP money, used it to buy new Mercedes, prosecutors say

A Florida man who received more than $1.9 million in coronavirus relief funds is accused of laundering the money through a fake business and also buying a Mercedes and a pickup truck, prosecutors said Friday.
www.wsbtv.com www.wsbtv.com
Click to expand...
The banks were also required to vet the payroll prior to lending the $$. I would love to see them also get in trouble for this. It's hard to vet something that didn't happen
 
Last edited:
noZme said:

I guess it was fun while it lasted - piece of garbage​


Florida man got $1.9M in PPP money, used it to buy new Mercedes & pickup truck​

Keith William Nicoletta, 48, of Dade City, was arrested earlier this week, according to a news release from the U.S. Department of Justice. In a criminal complaint unsealed Friday, Nicoletta was charged with bank fraud and illegal monetary transactions. If convicted, Nicoletta faces up to 40 years in federal prison.

According to prosecutors Nicoletta applied for a small business loan through the Payroll Protection Program, which was earmarked for small businesses struggling because of the coronavirus pandemic. The PPP was part of the coronavirus relief package that became federal law as part of the Coronavirus Aid Relief and Economic Security Act in March.

Prosecutors allege that Nicoletta falsely claimed on his loan application that he owned a scrap metal business with 69 employees and had a monthly payroll that exceeded $760,000, according to the release. According to prosecutors, that amounted to $9 million annually, but Nicoletta had reported no wages to the state of Florida for any employees for 2019 or 2020.
Once Nicoletta received the money, prosecutors claim that he transferred the money between various accounts and withdrew more than $100,000 in cash. Prosecutors also allege that Nicoletta bought a 2020 Mercedes for $105,000 and a 2020 special edition Ford F-250 pickup for $66,000. He also allegedly wired approximately $537,000 to a property management company in South Florida.
None of the money was used for payroll, the release stated.
Once the emergency loan was secured, Nicoletta transferred the money between various accounts and withdrew more than $100,000 in cash, officials said. Nicoletta then purchased a 2020 Mercedes and a 2020 special edition Ford F-250 pickup. He also wired approximately $537,000 to a property management company in South Florida.
An attorney for Nicoletta did not respond to a message seeking comment.

www.wsbtv.com

Florida man got $1.9M in PPP money, used it to buy new Mercedes, prosecutors say

A Florida man who received more than $1.9 million in coronavirus relief funds is accused of laundering the money through a fake business and also buying a Mercedes and a pickup truck, prosecutors said Friday.
www.wsbtv.com www.wsbtv.com
Click to expand...

There are major corporations that received money, but when caught they returned the money. There are also some companies that applied that were outed as big corporations.
 
GarAndMo39 said:

OHP Seeking More Info On Driver Accused Of Killing Four People On I-40​



Saturday, October 17th 2020, 10:10 pm

By: Jennifer Pierce
View attachment 7435
OKLAHOMA CITY -
The Oklahoma Highway Patrol is seeking the public's help in the investigation of a crash on Interstate 40 on Saturday that killed four people.

Investigators need information about a possibly impaired driver they have identified as Ashley Ricks, 33, who caused the crash.

Ricks survived the crash and was taken to OU Medical Center where she is in critical condition. Troopers are asking for people who know Ricks to contact OHP if they know what she was doing in the hours that led up to the crash.

The deadly crash shut down Interstate 40 near Country Club Road for several hours Saturday morning. First responders knew it was bad when they heard it was a head-on collision. <snip>
www.newson6.com

OHP Seeking More Info On Driver Accused Of Killing Four People On I-40

The Oklahoma Highway Patrol is seeking the public's help in the investigation of a crash on Interstate 40 on Saturday that killed four people.
www.newson6.com www.newson6.com
Click to expand...
Should be locked up for life.
 
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