September 25, 2009 |
Richard H. Shepherd Sr., 88, founder of a surety bond agency in Fort Washington, died of complications from Alzheimer's disease Monday at the Hill at Whitemarsh, a continuing-care retirement community in Lafayette Hill. He lived in Chestnut Hill from 1956 through 2007. Born in Philadelphia, Mr. Shepherd graduated from Germantown High School in 1939. He attended the University of Miami for two years and earned his bachelor's degree there in 1945, with credit for course study while he was in the Army Air Corps.
June 18, 1996 |
Haverford businessman Rocco J. Molinari was charged yesterday with robbing Philadelphia construction companies of more than $1 million by selling them bogus surety bonds. The racketeering indictment by the U.S. Attorney's Office in Philadelphia followed a lengthy grand jury investigation prompted by victim complaints to the Pennsylvania Insurance Commission, said Assistant U.S. Attorney Abigail R. Simkus. Molinari was released on bond after being arraigned before U.S. Magistrate Judge Thomas J. Rueter on racketeering, fraud, money laundering and other charges.
April 23, 2012 |
The Philadelphia courts issued an order this month noting that more than 30 percent of the city's criminal defendants fail to appear in court. Furthermore, it noted that with 61,000 outstanding bench warrants, authorities can't even serve all the fugitives, let alone apprehend them. Hence the courts have decided to explore new approaches, mainly by opening the door wider to commercial bail, which has been largely banned from the city. In a sense, the long debate over whether bail agents should return to Philadelphia has been settled in the affirmative by this order.
September 18, 1997 |
Former Philadelphia businessman Rocco J. Molinari was sentenced yesterday to five years and 11 months in prison for swindling $1.6 million from clients who sought his financial services. U.S. District Judge Lowell A. Reed Jr. ordered Molinari to forfeit his house in Haverford Township and a 1988 Mercedes Benz and to repay his victims once he is released from prison. The sentence, the maximum allowable under federal sentencing guidelines, came despite testimony from Molinari's psychiatrist that his 60-year-old client had an abnormal fear of enclosed spaces and would die if incarcerated.
June 18, 1996 |
Short and stocky, weighing about 250 pounds, Rocco J. Molinari allegedly told prospective clients that he played college football on the same team as Joe Namath and that he went on to play for the Green Bay Packers. He also claimed to be a wealthy financier with many connections in the banking industry. They were all lies, federal authorities contended yesterday. Molinari, a longtime South Philadelphia businessman and reputed organized crime associate, was arrested on federal racketeering charges for allegedly swindling more than $1 million from 21 individuals and companies that sought his financial services.
May 9, 1997 |
A Philadelphia businessman whose mental incompetence a quarter century ago spared him from prosecution in an alleged federal housing swindle, pleaded guilty yesterday to 48 counts of a federal racketeering indictment. Rocco J. Molinari, 60, of Haverford Township, told a federal judge that although he was on psychiatric medication, he was competent to enter a guilty plea to charges of defrauding construction contractors of more than $1.6 million between 1989 and 1994. Molinari was indicted in June on charges of racketeering, fraud, money laundering and other crimes.
October 2, 1987 |
Alex Feinman, the con man who created million-dollar empires out of phony financial paper, wanted to make one thing perfectly clear in Camden County Superior Court yesterday. "I'm a smart enough criminal to know not to sign my own name," he told Superior Court Judge Mary Ellen Talbott. "If I was going to cheat or fraud, I wouldn't go for pennies, your honor. " And compared with his past, when the Blackwood, N.J., man sold $46 million in phony surety bonds to construction contractors in New Jersey, the $4,500 he stole by writing bad checks was, indeed, pennies.
June 7, 2000 |
A Marlton man was arraigned yesterday on a first-degree charge of manufacturing a controlled dangerous substance after police said they confiscated 55 marijuana plants from his basement and backyard. Edward Forgione, 34, an electrician who lives on Holly Road, remained in the Burlington County Detention Center after the hearing, his surety bail set at $10,000. His wife, Lisa, had reported him to police, saying she wanted to protect their children, but she wailed loudly in Burlington County Superior Court that she did not know the bail would be that high.
August 28, 2012 |
LESS THAN 2 months after impressing at July's rookie camp, Flyers top prospect Nick Cousins is in the headlines again. This time, it is for the wrong reasons. According to police in Sault Ste. Marie, Ontario, Cousins, 19, and Soo Greyhounds teammates Mark Petaccio and Andrew Fritsch were charged with sexual assault on Saturday against "a female known to them. " Cousins and Fritsch, a 2011 Coyotes draft pick, have been released and are due in court on Oct. 1, said police. Petaccio will appear in bail court on Monday.
September 14, 2012 |
Fast-growing, Minnesota-based OneBeacon Insurance Co. boasted to clients last week that a new team headed by Philadelphia-based executive Chad Anderson had started selling surety insurance to corporate clients for specialized business risks. OneBeacon didn't mention that a rival insurer - Anderson's former employer - is trying to shut that team down. Before July 30, Anderson headed the East Coast surety team at Ace Ltd. , a multinational insurance giant whose biggest operating base is in Center City (it is the successor to the old Insurance Co. of North America )