DOJ Charges 6 With $40M Class Action Fraud

Law360, New York (November 21, 2008, 12:00 AM EST) -- The U.S. Department of Justice is taking action against six people who allegedly organized an elaborate fraud scheme, including the formation of fake companies, to obtain more than $40 million in settlement funds from major class action lawsuits.

U.S. Attorney Laurie Magid announced separate indictments against Kevin Waltzer, Christian Penta, Deborah Rice, James Hall, Paul Negroni and Stephen Porto on Thursday in the U.S. District Court for the Eastern District of Pennsylvania, alleging that the group worked cohesively to submit false and fraudulent claims in three...
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