And click here to stream Channel 9 Eyewitness News live. This material may not be published, broadcast, rewritten or redistributed without permission.Ĭlick here to download our free news, weather and smart TV apps. He was sentenced to eight months in prison and ordered to pay more than $29 million in restitution.Ĭopyright 2023 The Associated Press. Jan Douglas Atlas, 78, of Fort Lauderdale, Florida, a lawyer, pleaded guilty in 2019 to conspiracy to commit wire fraud and securities fraud. He was sentenced to two years in prison and ordered to pay more than $36 million in restitution. Steven Allen Schwartz, 78, of Delray Beach, Florida, a director and consultant at 1 Global, pleaded guilty in 2020 to conspiracy to commit wire fraud and securities fraud. Judge Altman also ordered Ledbetter to pay over 148 million to the victims of the scheme. He was sentenced to five years in prison and ordered to pay more than $148 million in restitution. Steven Allen Schwartz, the former chief operating officer of 1 Global pleaded guilty to conspiracy to commit wire fraud and securities fraud (case no. Read: Israel-Hamas War: How to help humanitarian efforts in Israel, GazaĪndrew Dale Ledbetter, 81, a lawyer from Fort Lauderdale, Florida, pleaded guilty in 2021 to conspiracy to commit wire fraud and securities fraud. He was sentenced to five years in prison and ordered to pay more than $57 million in restitution. Heide, 65, of Lake Worth, Florida, the former 1 Global chief financial officer, pleaded guilty in 2019 to one count of conspiracy to commit securities fraud. The SEC said the trust also owned other businesses, including Digi South, which “used to own Playgirl and other adult magazines.” Digi South used the same address as 1 Global and “received approximately $805,000 in investor funds from 1 Global for no consideration or legitimate services,” the SEC said.įour of Ruderman’s co-conspirators previously pleaded guilty for their roles in the 1 Global fraud, the Justice Department said.Īlan G. The SEC said 1 Global was formed in 2013 and owned by the Ruderman Family Trust. The Securities and Exchange Commission said in a 2018 complaint against Ruderman and 1 Global that the company collected money from investors, many of whom used retirement savings, from February 2014 to July 2018. Investors were falsely told the company had been audited by a public accounting firm, that investors’ money would be spent on the merchant cash advance loans, and that people could expect double-digit returns on investments. Steven Allen Schwartz, 75, of Delray Beach, Florida, pled guilty before U.S. Steven Allen Schwartz was sentenced to 2 years in prison and ordered to pay over 36 million in restitution to the victims of his capital investment scheme. He was sentenced to eight months in prison and ordered to pay more than $29 million in restitution.The Justice Department said Ruderman admitted he and others made false representations to investors and potential investors about the profitability of 1 Global. Steven Allen Schwartz, 78, of Delray Beach, Florida, a director and consultant at 1 Global, pleaded guilty in 2020 to conspiracy to commit wire fraud and securities fraud. He was sentenced to five years in prison and ordered to pay more than $148 million in restitution. He was sentenced to five years in prison and ordered to pay more than $57 million in restitution.Īndrew Dale Ledbetter, 81, a lawyer from Fort Lauderdale, Florida, pleaded guilty in 2021 to conspiracy to commit wire fraud and securities fraud. Hunt to the single count information, charging him with one count of conspiracy to commit wire fraud and securities fraud, in violation of Title 18, United States Code, Section 371 (Case No. Heide, 65, of Lake Worth, Florida, the former 1 Global chief financial officer, pleaded guilty in 2019 to one count of conspiracy to commit securities fraud. Steven Allen Schwartz, 75, of Delray Beach, Florida, pled guilty before U.S. The SEC said 1 Global was formed in 2013 and owned by the Ruderman Family Trust. Contact info for Steve Schwartz in MelbourneTitusvillePalm Bay, Florida: Phone number, address lookup, email address, and social networking profiles on Spokeo, your people search engine for contact info & public records.
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