Search Details

Word: dominelli (lookup in dictionary) (lookup stats)
Dates: all
Sort By: most recent first (reverse)


Usage:

...schemes, a ringleader facilitates the entire enterprise; in a pyramid scheme, rungs of collaborators recruit new investors.) In the boom years of the 1980s and '90s, as traders developed increasingly sophisticated investment vehicles, the cons cropped up with increasing regularity. In 1985, a San Diego currency trader named David Dominelli was revealed to have fleeced more than 1,000 investors to the tune of $80 million. During the 1990s, a Florida church called Greater Ministries International bilked nearly 20,000 people out of $500 million in a pyramid scheme hatched by leader Gerald Payne, who claimed God would double...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...telltale check was written by onetime Currency Trader J. David Dominelli, who is serving a 20-year federal term for fraud and income tax evasion. Dominelli's business partner and ex-girlfriend, Nancy Hoover, gave Hedgecock the money used on his house. Dominelli and Hoover are slated to be tried later, along with Political Consultant Tom Shepard, through whose firm hidden money passed to the Hedgecock campaign. Hedgecock's attorney, Oscar Goodman, said he will seek a new trial or, failing that, appeal the jury verdict. Hedgecock also faces legal action by California's Fair Political Practices Commission, which...

Author: /time Magazine | Title: Painful Verdict | 10/21/1985 | See Source »

Hedgecock, the indictment charged, illegally received $357,150 for his 1983 campaign from Currency Trader J. David Dominelli and his business partner-girlfriend, Nancy Hoover. The money was allegedly funneled into the campaign through a political consulting firm set up by Hedgecock's friend Tom Shepard. The four defendants face prison terms of up to eight years and $5,000 fines if they are convicted. With the election only five weeks away, a steadfast Hedgecock said to a crowd of,voters, "I'm on the job every day, seeking the best for my city...

Author: /time Magazine | Title: San Diego: Indicting a Mayor | 10/1/1984 | See Source »

| 1 |