Pump & Dump

The landlord who was not a landlord bought a Yukon with the rent

Steven Hendren pleaded guilty in St. Louis federal court to wire fraud after pulling $284,840.44 out of a Missouri pandemic housing program by inventing tenants, leases, and rent rolls. The money was supposed to keep people in their homes. Some of it went to a 2020 GMC Yukon.

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Pump & Dump

The Porsche cost sixty thousand dollars. The ambulance company had been closed for two years.

Mehrdad Tabrizi pleaded guilty Monday to draining more than a million dollars from federal pandemic relief programs using a non-emergency ambulance company he had already shuttered. The Porsche was the tell.

Pump & Dump

The application said one hundred employees. The company had none.

Jarrell Curne told a bank his entertainment company had a hundred employees and a $1.5 million payroll. It had neither. The wire cleared in forty-eight hours, and the federal government just sentenced him for what came after.

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