Failed Maxim Magazine Acquisition Spurs Fraud Charges

Law360, New York (February 13, 2014, 2:42 PM EST) -- A Staten Island man was arrested and charged with tricking lenders into providing more than $8 million in financing for his father’s failed bid to acquire Maxim magazine, New York federal prosecutors said Thursday.

Calvin Darden Jr., 39, was arrested Wednesday on charges he impersonated his father Calvin Darden Sr. and used phony account statements and emails to secure financing in connection with the Maxim deal, which ultimately fell through. No charges were filed against Darden Sr., a former UPS executive who currently serves on the...
To view the full article, register now.