Day: March 14, 2020

West Hollywood Man Admits to Modern Art Fraud Scheme Using Fake Works for Sale, Collateral for Loans, and Write-Offs on Tax Returns

            Philip Righter, 43, a West Hollywood man, will plead guilty to federal criminal charges that he sold bogus art he claimed was created by artists such as Jean-Michel Basquiat, Keith Haring, Roy Lichtenstein and Andy Warhol. He also admitted using fake paintings as collateral for loans on which he later defaulted, and using fraudulent pieces for …

West Hollywood Man Admits to Modern Art Fraud Scheme Using Fake Works for Sale, Collateral for Loans, and Write-Offs on Tax Returns Read More »

Ex-CEO of Irvine Financial Services Firm Sentenced to over 10 Years in Prison for Stealing $3.5 Million from Mostly Elderly Investors

            A federal judge sentenced the former CEO of an Irvine-based financial services and insurance company, Mehmet Fatih Biyikoglu, a.k.a. “John B.,” 53, of Palm Desert, to 121 months in federal prison for defrauding elderly victims who thought their money was being invested in a certificate of deposit at a …

Ex-CEO of Irvine Financial Services Firm Sentenced to over 10 Years in Prison for Stealing $3.5 Million from Mostly Elderly Investors Read More »

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