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Man wanted in Las Vegas securities fraud scams arrested in Europe

Friday, Feb. 11, 2000 | 11:54 a.m.

THE ASSOCIATED PRESS

ZURICH, Switzerland -- Peter Berney, indicted in Las Vegas and New York last year in unrelated alleged securities fraud schemes, was arrested in Zurich, prosecutors said.

Berney, 53, allegedly took in more than $10 million in the schemes.

Berney was indicted in August in Las Vegas on charges of conspiring to launder the proceeds of fraudulent trading through the securities of four public companies between 1993 and 1999: Mosaic Multisoft Corp., National Health and Safety Inc., Terra West Venture Inc. and Health and Wealth Inc. His wife Rebecca was also indicted on the money laundering charge.

Berney was then indicted in October in New York with five others on charges of conspiracy to commit securities fraud and wire fraud in a scheme to manipulate the shares of TLC Temporary & Staffing Services.

Rebecca Berney pleaded innocent to the conspiracy charge and is set for trial in Las Vegas on May 15.

Her attorney, Richard Wright, said she's been separated from her husband for more than a year.

"Our position is she didn't know it was dirty money," Wright said.

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