A California film producer was accused of defrauding hedge fund investors out of $26 million and allegedly using some of the stolen money to fund his lavish lifestyle. The indictment was filed in Manhattan federal court. David Bergstein and co-defendant Keith Wellner were arrested in California and New York respectively, according to the FBI. Bergstein…

The former founder and chief executive officer of Comverse Technology Inc. pleaded guilty to one count of securities fraud in a Brooklyn federal court on August 24. Jacob Alexander ended his extradition fight in Namibia where he had been living in exile for the past decade. The government said he fled the United States in…

Three men were arrested on fraud charges brought by U.S. Attorney Preet Bharara in Manhattan over $12 million that investors were told would be used to produce major films. Gerald Seppala, Steven Brown and James David Williams face conspiracy, money laundering and wire fraud charges. If convicted, they could face decades in prison. Prosecutors claim…

Charges for crimes such as credit card fraud, identity theft, and other Internet crimes are becoming more common. Police say that the occurrence of such crimes has risen, and prosecutors have increased their focus on these charges. Manhattan district attorney Cyrus R. Vance Jr. said that identity theft and Internet crime make up one quarter…