6/6/11
sentencing hearing
The sentencing hearing for defendant(s), Ricky Young, has been set for July 27, 2011, 10:00 AM at Reno Courtroom 5, Bruce R. Thompson Federal Building & U.S. Courthouse, 400 S. Virginia St., Reno, NV 89501 before Judge Larry Hicks.
5/27/11
Sentencing Rick Young
Yesterday, there was a court hearing regarding the release of Mr. Young pending sentencing and appeal. The court denied the defendant's motion, he will stay in custody. The defendant asked for a continuance of his sentencing date, the Judge granted that motion. The new sentencing date for Mr. Young is July 27, 2011 at 10:00 a.m.
5/13/11
Charged!
Rick Young and William Willard were charged with Conspiracy to Commit Wire Fraud, Wire Fraud, Securities Fraud, and Money Transactions in Property Derived from Specified Unlawful Activity on December 3, 2008. On February 25, 2011, William Willard pled guilty to Conspiracy to Commit Wire Fraud and is scheduled to be sentenced on July 25, 2011 at 1:30 p.m. Rick Young was found guilty by a jury on March 30, 2011 of Conspiracy to Commit Wire Fraud, Wire Fraud, Monetary Transactions in Property Derived from Specified Unlawful Activity, and Securities Fraud, he is scheduled to be sentenced on June 30, 2011 at 10:00 a.m.
4/2/11
2 Montana men convicted in Nevada on fraud
Two Montana men have been convicted in Nevada on federal conspiracy and fraud charges for a scheme in which they promised big returns in the foreign currency exchange market to hundreds of investors.
A jury in U.S. District Court in Reno on Wednesday convicted Rick Young of Lewistown on seven counts, including conspiracy, wire fraud, securities fraud and engaging in money transactions in property derived from illegal activity, court records said. U.S. District Judge Larry R. Hicks ordered Young into custody and set sentencing for June 30.
The jury continued deliberations on forfeiture allegations.
The government is seeking the forfeiture of approximately $493,849 in a bank account for Global One Group LLC, which was owned by the defendants, Superior Automotive Repair & Towing and Superior Towing, both Lewistown companies managed by Maelee Enterprises, a company owned by Young, and nine properties in Lewistown and Bozeman.
In February, co-defendant William Willard of Bozeman pleaded guilty to one conspiracy count and is to be sentenced on June 6, court records said.
The conspiracy count carries a maximum sentence of 30 years in prison and a $1 million fine.
Young and Willard, along with their Nevada-based companies, Global One Group LLC; Maelee Enterprises Inc.; and Badie Inc., were indicted in December 2008.
The U.S. Attorney’s Office said the men persuaded more than 700 victims to invest hundreds of thousands of dollars into Global One with the expectation that they would earn high rates of return. Young and Willard made false representations to investors and charged investors a $500 annual membership fee for access to Global One’s website and to participate in conference calls and web-based seminars.
Young and Willard represented in the calls and seminars that Young had made 800 successful trades in a year on the foreign exchange market without one loss, that Global One investors could earn a substantial rate of return on their investments and that Global One had an automated software trading program that they said could automatically execute successful trades in the market.
The indictment said Young’s trading record was misleading and accounted only for profitable trades that had been closed and that Global One did not have the software it advertised. Young and Willard used the money from investors for their own personal use through bank transfers from Global One to the accounts of Maelee Enterprises and Badie, companies owned respectively by Young and Willard, the government said.
Young and Willard received about $900,000 from investors through their false claims from April 2006 until October 2007, the indictment said.
Contact Clair Johnson at cjohnson@billingsgazette.com or 657-1282.
Posted in Montana on Saturday, April 2, 2011 12:00 am
http://billingsgazette.com/news/state-and-regional/montana/article_82c17358-a274-59bf-ba7a-06983b2f345a.html
A jury in U.S. District Court in Reno on Wednesday convicted Rick Young of Lewistown on seven counts, including conspiracy, wire fraud, securities fraud and engaging in money transactions in property derived from illegal activity, court records said. U.S. District Judge Larry R. Hicks ordered Young into custody and set sentencing for June 30.
The jury continued deliberations on forfeiture allegations.
The government is seeking the forfeiture of approximately $493,849 in a bank account for Global One Group LLC, which was owned by the defendants, Superior Automotive Repair & Towing and Superior Towing, both Lewistown companies managed by Maelee Enterprises, a company owned by Young, and nine properties in Lewistown and Bozeman.
In February, co-defendant William Willard of Bozeman pleaded guilty to one conspiracy count and is to be sentenced on June 6, court records said.
The conspiracy count carries a maximum sentence of 30 years in prison and a $1 million fine.
Young and Willard, along with their Nevada-based companies, Global One Group LLC; Maelee Enterprises Inc.; and Badie Inc., were indicted in December 2008.
The U.S. Attorney’s Office said the men persuaded more than 700 victims to invest hundreds of thousands of dollars into Global One with the expectation that they would earn high rates of return. Young and Willard made false representations to investors and charged investors a $500 annual membership fee for access to Global One’s website and to participate in conference calls and web-based seminars.
Young and Willard represented in the calls and seminars that Young had made 800 successful trades in a year on the foreign exchange market without one loss, that Global One investors could earn a substantial rate of return on their investments and that Global One had an automated software trading program that they said could automatically execute successful trades in the market.
The indictment said Young’s trading record was misleading and accounted only for profitable trades that had been closed and that Global One did not have the software it advertised. Young and Willard used the money from investors for their own personal use through bank transfers from Global One to the accounts of Maelee Enterprises and Badie, companies owned respectively by Young and Willard, the government said.
Young and Willard received about $900,000 from investors through their false claims from April 2006 until October 2007, the indictment said.
Contact Clair Johnson at cjohnson@billingsgazette.com or 657-1282.
Posted in Montana on Saturday, April 2, 2011 12:00 am
http://billingsgazette.com/news/state-and-regional/montana/article_82c17358-a274-59bf-ba7a-06983b2f345a.html
3/1/11
Guilty!
On February 25, 2011, defendant William Willard pled guilty to the charges listed below. Any remaining counts will be disposed of at the time of sentencing. As a result of the guilty plea, there will be no trial involving this defendant.
Number of Charges Description of Charges Disposition
----------------- ---------------------- -----------
1 Securities Violations Guilty
1 Attempt and conspiracy fraud Guilty
5 Fraud by wire, radio, or television Guilty
20 Laundering of monetary instruments Dismissed without Prejudice
6 Monetary transactions with property from unlawful act Guilty
5 Civil forfeiture Dismissed without Prejudice
The sentencing hearing for defendant(s), William Willard, has been set for June 6, 2011, 10:00 AM at Reno Courtroom 5, Bruce R. Thompson Federal Building & U.S. Courthouse, 400 S. Virginia St., Reno, NV 89501 before Judge Larry Hicks.
Number of Charges Description of Charges Disposition
----------------- ---------------------- -----------
1 Securities Violations Guilty
1 Attempt and conspiracy fraud Guilty
5 Fraud by wire, radio, or television Guilty
20 Laundering of monetary instruments Dismissed without Prejudice
6 Monetary transactions with property from unlawful act Guilty
5 Civil forfeiture Dismissed without Prejudice
The sentencing hearing for defendant(s), William Willard, has been set for June 6, 2011, 10:00 AM at Reno Courtroom 5, Bruce R. Thompson Federal Building & U.S. Courthouse, 400 S. Virginia St., Reno, NV 89501 before Judge Larry Hicks.
3/30/10
First Appearance Hearing
RE: United States v. Defendant(s)
Case Number 2007R00885 and Court Docket Number 08-CR-00120
Richard Young and William Willard
The United States Department of Justice believes it is important to keep victims of federal crime informed of court proceedings. This notice provides information about the above-referenced criminal case.
The First Appearance Hearing for Richard Young and William Willard on April 5, 2010, will be in the Reno Federal Courthouse. Please disregard the previous e-mail that said it would be in Las Vegas.
Case Number 2007R00885 and Court Docket Number 08-CR-00120
Richard Young and William Willard
The United States Department of Justice believes it is important to keep victims of federal crime informed of court proceedings. This notice provides information about the above-referenced criminal case.
The First Appearance Hearing for Richard Young and William Willard on April 5, 2010, will be in the Reno Federal Courthouse. Please disregard the previous e-mail that said it would be in Las Vegas.
4/24/09
Global One Group - Pretrial
A pretrial motion(s) hearing has been scheduled for May 12, 2009, 01:30 PMat Reno Courtroom 5, Bruce R. Thompson Federal Building & U.S. Courthouse, 400 S. Virginia St., Reno, NV 89501 for defendant(s) Ricky Young, William Willard, Global One Group LLC, Maelee Enterprises Inc, Badie Inc before Judge Larry Hicks. The purpose of this hearing is to clarify any outstanding issues prior to trial. This hearing is to argue the defendant's motion for suppression of evidence and for the return of property (contents of three bank accounts).
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