Information for Victims in Large Cases
United States v Vyacheslav Penchukov et.al.
Nine alleged members of a wide-ranging racketeering enterprise and conspiracy who infected thousands of business computers with malicious software known as "Zeus" have been charged in an indictment. The indictment alleges that the "Zeus" malware captured passwords, account numbers, and other information necessary to log into online banking accounts. The conspirators allegedly used the information captured by "Zeus" to steal millions of dollars from victims' bank accounts. All of the defendants are charged with conspiracy to participate in racketeering activity, conspiracy to commit computer fraud and identity theft, aggravated identity theft, and multiple counts of bank fraud.
United States v. Don Langford
According to court documents, Don Langford and others concealed the true value of TierOne’s loan and real estate portfolio and provided falsely inflated figures in its required reports to the U.S. Securities and Exchange Commission (SEC) and the Office of Thrift Supervision (OTS). Specifically, Don Langford admitted that he used outdated property appraisals and rejected new appraisals that would have required TierOne to mark down the value of its real estate holdings. In addition, Langford admitted that he and others delayed seeking new appraisals to conceal the depreciating value of its loan collateral, and restructured loan terms to disguise the borrowers’ inability to make timely interest and principal payments. As a result, Langford admitted that he and others were able to hide millions of dollars in losses from regulators and investors.
United States v. James A. Laphen
United States v. Gilbert Lundstrom
Gilbert G. Lundstrom was the CEO of TierOne Bank from 1999 to January 2010. According to allegations in the indictment, he and others concealed the true value of TierOne’s loan and real estate portfolio. They also provided falsely inflated figures in their reporting to the U.S. Securities and Exchange Commission (SEC) and the Office of Thrift Supervision (OTS). Specifically, Lundstrom and others allegedly used outdated property appraisals and rejected new appraisals that would have required TierOne to mark down the value of its real estate holdings. In addition, Lundstrom and others allegedly delayed seeking new appraisals to conceal the depreciating value of its loan collateral, and restructured loan terms to disguise the borrowers’ inability to make timely interest and principal payments. As a result, Lundstrom and others were allegedly able to hide millions of dollars in losses from regulators and investors.