Sham Corporations

Man Guilty Of $167K Welfare Fraud Gets 21 Months In PrisonThe man who avoided federal investigators while living on a private yacht, and who claimed to be Scottish royalty, was sentenced to 21 months in prison and was ordered to pay full restitution. Colin Chisholm pleaded guilty to collecting more than $167,000 through welfare fraud.
Yacht Couple Accused Of Swindling Investors With Sham Corporations The couple that called themselves "Lord and Lady Chisholm" are in more trouble, as prosecutors say they were also swindling investors in sham corporations.