Robert Egan, the president of Mount Vernon Money Center (MVMC), and Bernard McGarry, the chief operating officer, were indicted in Manhattan federal court on charges of defrauding banks, other financial institutions, retailers, hospitals, and universities out of $50 million in funds that had been entrusted to MVMC.

Original post: 
President and COO of New York Money Center Indicted in $50 Million Fraud Scheme

Christopher Pearson, formerly a deputy chief operating officer for the Mashantucket-Pequot Tribal Nation, defrauded a number of investors out of $280,000 that he obtained from them based upon his representations that he would purchase land on the Island of Roatan, Honduras, on their behalf.

Here is the original post:
Connecticut Man Guilty of Defrauding Investors