New York Paralegal Blog

WASHINGTON - A Las Vegas federal jury convicted Michael Haynes of one count of conspiracy to commit tax evasion through a scheme involving the fraudulent sale of One Voice Technologies Inc. stock, the Internal Revenue Service (IRS) and the Justice Department announced today. The jury, following a one-week trial before Chief U.S. District Judge Roger L. Hunt, deliberated for about two hours before finding Haynes guilty of conspiring to commit tax evasion totaling $684,242. Co-defendant David Jett pleaded guilty to the conspiracy charge in March 2008 and testified against Haynes during the trial. According to the indictment and evidence presented at trial, Haynes and Jett orchestrated the fraudulent sale of $7 million in One Voice stock. Haynes and Jett used at least ten stock certificates to generate the $7 million in gross proceeds; all of these stock certificates were in different nominee names. As part of the scheme, new stock certificates in the name of One Voice were issued to at l...

WASHINGTON – Two former managers of the Bank of China and their wives were convicted on Aug. 29, 2008, by a federal jury in Las Vegas on charges of racketeering, money laundering, international transportation of stolen property as well as passport and visa fraud, Acting Assistant Attorney General Matthew Friedrich of the Criminal Division and U.S. Attorney Gregory A. Brower of the District of Nevada announced today. Xu Chaofan (a/k/a Hui Yat Fai), Xu Guojun (a/k/a Hui Kit Shun), Kuang Wan Fang (a/k/a Wendy Kuang) and Yu Ying Yi were convicted after being charged in the 15-count superseding indictment on Jan. 31, 2006. Sentencing is scheduled for Nov. 24, 2008. Evidence presented during the trial established the elaborate scheme to defraud the Bank of China of at least $485 million, orchestrated by former managers Xu Chaofan, Xu Guojun and a third former bank manager, Yu Zhendong (a/k/a Yu Wing Chung) who pleaded guilty in connection with this investigation and cooperated with the Uni...