Is This Defi Coin Your Next "10-Bagger" Investment?

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Las Vegas man pleads guilty in lucrative telemarketing scam

LARRY NEUMEISTER
September 10, 2024

NEW YORK (AP) -- A Las Vegas man pleaded guilty Tuesday to a federal criminal charge alleging that he duped people into donating tens of millions of dollars to what they thought were charities, but were really political action committees or his own companies.

Richard Zeitlin, 54, entered the plea to conspiracy to commit wire fraud in Manhattan federal court, where sentencing was set for Dec. 10. A plea agreement he signed with prosecutors recommended a sentence of 10 to 13 years in prison.

He also agreed to forfeit $8.9 million, representing proceeds traceable to the crime, in addition to any fine, restitution or other penalty the judge might impose at sentencing. His lawyer declined comment.

Zeitlin carried out the fraud from 2017 through 2020 by using "call centers" that he has operated since at least 1994 to raise hundreds of millions of dollars for charities and political action committees, according to an indictment.

Since 2017, he used the call centers to defraud numerous donors by providing false and misleading information about how their money would be spent and the nature of the organizations that would receive their money, the indictment said.

Although donors were told they were helping veterans, law enforcement officers and breast cancer patients, up to 90 percent of the money raised went to Zeitlin's companies, according to court papers.

It said Zeitlin encouraged some prospective clients starting in 2017 to operate political action committees rather than charities because they could dodge regulations and requirements unique to charities.

Zeitlin directed staff to change their phone solicitation scripts to convince people they were donating to charities rather than a political cause because that approach attracted more money, the indictment said.

For instance, it said, a call center employee would tell someone that a donation "helps the handicapped and disabled veterans by working on getting them the medical needs" they could not get from the Veterans Administration.

Sometimes, the indictment said, Zeitlin cheated the political action committees of money too by diverting money to his companies rather than to the causes that were described by call center workers.

"Zeitlin's fraudulent actions not only undermined the trust of donors but also exploited their goodwill for personal gain," U.S. Attorney Damian Williams said in a release.

Continue Reading...

Popular

Trump Cabinet Confirmation Hearings Begin Tuesday: Pete Hegseth, Doug Collins Up First

President-elect Donald Trump's cabinet picks are set to begin the confirmation process with several appearing before Senate committees this week. Former Fox News host Pete Segeth and former Georgia congressman Doug Collins are up first on Tuesday.

Man Who Predicted Trump's Win: "Do This Before January 20th" - Ad

According to legendary investor Louis Navellier, who correctly predicted Trump's win... This Trump inauguration move could be the difference between accelerating your retirement in the first 100 days of his administration...OR losing a big chunk of your retirement.

2 bodies are found in the landing gear of JetBlue plane at Florida airport

FORT LAUDERDALE, Fla. (AP) — Two bodies were found in the landing gear compartment of a JetBlue aircraft at a South Florida airport, authorities said.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

Kohl's to close 27 stores by April as struggling retailer looks to improve profits, sales

NEW YORK (AP) — Kohl’s said Friday it was closing 27 underperforming stores in 15 states by April — a fraction of its 1,150 store base — as the struggling department store aims to boost profitability and improve sagging sales.

Q4 Market Roller Coaster Reveals Retirement Planning Pitfalls

The roller coaster markets of the last quarter of 2024 hold some important lessons for how advisors should approach retirement planning with their clients.

Our No. 1 Way to Profit From Crypto Boom (Under $1) - Ad

Many of the world's best and richest investors are piling their money into the same trade: Bitcoin. Including legendary hedge-fund manager Paul Tudor Jones, entrepreneur Elon Musk, and venture capitalist Tim Draper. But that pales in comparison to another huge investor (worth more than all the world's billionaires combined) we believe is about to start piling into Bitcoin next. Click here for the full story.

Canadian Official Claps Back At Trump's 51st State Comments, Offers To Buy These Two American States

Canadian officials say their country isn't for sale and suggest Donald Trump should sell them two states instead of trying to make its neighbor a state.

Tanker hit by Houthi rebels that threatened a Red Sea oil spill has been salvaged

DUBAI, United Arab Emirates (AP) — An oil tanker that burned for weeks in the Red Sea after being attacked by and threatening a massive oil spill has been salvaged, a security firm said Friday.

Why the Market Is Betting Big on This iGaming Stock - Ad

A 20% retention rate, insider confidence, and a recent launch in the $12B Latin American market are driving momentum. With market catalysts set to unfold, the time to act is now--Find out why investors are excited here.

Consumer Tech News (Jan 6-10): Microsoft Pauses Ambitious Data Center Project, Blackstone Makes $300 Million Investment In AI & More

Melania Trump to executive produce upcoming Amazon documentary, offering rare insight into her life and influence in Donald Trump's political world. Apple unable to sell iPhone 16 in Indonesia due to content requirements. Samsung gears up for CES 2025.

UK leader Starmer slams 'lies and misinformation' after attacks from Elon Musk

LONDON (AP) — British Prime Minister Keir Starmer on Monday condemned “lies and misinformation” that he said are undermining U.K. democracy, in response to a barrage of .

Exposed: 3 Cent Crypto to Explode January 20th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on January 20th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Shortage leaves Dunkin' stores in Nebraska without any doughnuts

OMAHA, Neb. (AP) — Dunkin' dropped the “Donuts” from its brand name years ago. Now — at least across much of Nebraska — it doesn’t have doughnuts on the shelves either.

270x More Lucrative Than NVIDIA? - Ad

If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20.

European Investment Bank to boost funds for Bangladesh as it weathers political turmoil

DHAKA, Bangladesh (AP) — A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over as the country endures a spell of political turmoil.

Venezuelan President Nicolás Maduro is sworn in despite credible evidence of election loss

CARACAS, Venezuela (AP) — extended his over Venezuela until 2031 when he was sworn in Friday, despite credible evidence that his opponent won the latest election and following protests against his plan to serve a third six-year term.

Bill Gates Is Betting Big on This New Technology - Ad

Bill Gates is betting the house on a new tech bound to make investors millions. He says the potential uses for it are "almost limitless." And he believes it is so revolutionary that soon we'll see one in every home. This is tech's next megatrend.

Walgreens Boots Alliance, Aurora Innovation And Delta Air Lines Are Among Top Large Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?

Top performers in last week's stock market: Walgreens, Constellation Energy, FTAI Aviation, TD SYNNEX, Aurora Innovation, Royalty Pharma, Micron, Delta Air Lines, Intra-Cellular Therapies, United Airlines.

Tenable Holdings CEO Amit Yoran Dies at 54

Amit Yoran, the CEO and chairman of Tenable Holdings, died on Friday at age 54.

The $124B Smart Glass Disruptor - Ad

This Nasdaq-listed company is redefining the $124 billion smart glass market. From aircraft cabin shading systems to dimmable rooftops in vehicles to energy-efficient building glass, their technology supports global leaders like Boeing, Ferrari, and National Geographic. Their $38.3 million order backlog and several new multi-million dollar deals across four major sectors positions them as a market disruptor you can't ignore.

Puerto Rico natural resources chief shelves investigation targeting governor's in-laws

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s new natural resources secretary has shelved an investigation into allegations of illegal construction in a protected area on the island’s southwest coast, sparking an outcry.

Massive $903 Million Bitcoin Transfer Stirs Crypto Market: What's Happening?

In a shock development in the crypto market, $903 million in Bitcoin (CRYPTO: BTC) was moved in several transactions within the last 24 hours, sparking widespread speculation about the

The Most Disruptive Technology in Human History - Ad

A brand new technology is lining up to be more disruptive than the internet or even today's most advanced artificial intelligence. Those who prepare now could see massive stock gains. Those who don't could find themselves on the wrong side of history.

Job Growth, Fed Jitters, And Rising Mortgage Rates: This Week In Economics

The week has been a rollercoaster ride for the U.S. economy. From a slowdown in private sector job growth to rising inflation concerns at the Federal Reserve, the economic landscape has been anything but predictable.

Oil Stocks Rally On Anticipation Of Stricter Russian Sanctions: Here's How ETFs Are Reacting

Oil stocks and prices are rising due to strict U.S. sanctions on Russian oil. Watch these ETFs tracking oil futures and energy stocks.

Declassified: "Amazon Coin" Revealed - Ad

Starting January 20th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2025.

Jim Cramer Works 'Sunday Brainstorm' On Buying Palantir And Tesla Stock, Calls Them 'Protective Intellectual Blankets'

Jim Cramer indicated potential interest in Tesla Inc. and Palantir Technologies Inc. on Sunday, citing their "protective intellectual blankets" as key attractors for his investing club portfolio.

Why Is Accolade Stock Trading Over 100% On Tuesday?

Transcarent to acquire Accolade Inc. for $7.03 per share, combining AI-driven care solutions with personalized healthcare expertise. Deal closes Q2 2025.

How to Ride America's $1 Trillion Robot Revolution - Ad

Like computers before them, robots are evolving at lightning speed, transforming the world, and creating a wave of new millionaires. As Bill Gates says, the uses for robots will be "almost limitless." That's why he's pouring millions into this new technology. Now you can join him in tapping this unstoppable trend for 5, 10, even 15 times your money -- maybe a whole lot more...

Bitcoin's Supercycle, Crypto's Capitol Breakthrough, And More: This Week In Crypto

The past week was a rollercoaster for the cryptocurrency world. From predictions of a Bitcoin (CRYPTO: BTC) supercycle to a groundbreaking Senate subcommittee on digital assets, the crypto landscape is buzzing with activity.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Stocks Sink As Bond Yields Soar, Nvidia Eyes Worst Day In 4 Months, Bitcoin Tumbles To $97,000: What's Driving Markets Tuesday?

Tuesday began as a calm day on Wall Street, but markets swiftly turned negative after the Institute for Supply Management released data highlighting an unexpected surge in price pressures within the service sector for Decemb

The IPO Turning Heads - Ad

A groundbreaking IPO has hit the NYSE-A, targeting a $60B market. This company's mission to produce up to 2.4 million tons of potash annually could supply 20% of Brazil's current potash needs. It's a rare chance to explore this IPO opportunity while it's still fresh.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service