Undercover federal agents arrested two people in a Miami hotel over the summer after the couple tried to sell a stolen Matisse painting. The painting, originally from a Venezuelan museum, is estimated to be worth $3 million. Last week, the couple pleaded guilty in a Miami federal court, admitting to conspiracy charges.
Federal authorities say that a group of 14 defendants outwitted a sophisticated global bank to take more than $1 million. The case will probably involve conspiracy charges because the 14 people worked together to pull off the heist.
Prosecutors apparently reached a plea deal in a massive Ponzi scheme investigation. The deal requires the 62-year-old defendant to plead guilty to 18 criminal counts. According to guilty plea, the Ponzi scheme sold high-yield certificates of deposit to 1,200 investors.