Date: 04-08-2022

Case Style: United States of America v. Michael Feinberg and Betsy Feinberg

Case Number: 4:18-cr-01786-JAS-DTF

Judge:

Court: United States District Court for the District of Arizona (Pima County)

Plaintiff's Attorney: United States Attorney’s Office

Defendant's Attorney: Lance Wood for Michael

Saul Huerta

Description: Tucson, Arizona criminal defense lawyer represented defendant charged with fraud.

Michael Feinberg, age 73, and Betsy Feinberg, age 80, both from Tucson, operated Catharon Software Corporation as husband and wife. The Feinbergs claimed to have produced revolutionary software called VDelta that would generate enormous returns for investors and philanthropists. For almost 15 years, the couple enticed investors with false promises about the software’s completion, release date, and capabilities. Their victims included friends and associates recruited through various community organizations in Sedona, Arizona, where the Feinbergs resided at the time. In addition to paying themselves salaries, the Feinbergs used investor money for a wide variety of personal expenses, including their home mortgage. The scheme defraud investors out of approximately $5 million. The charges included one count of conspiracy to commit securities fraud, one count of conspiracy to commit wire fraud, and five counts of securities fraud.

The Federal Bureau of Investigation conducted the investigation in this case, with assistance from the Arizona Corporation Commission. The Financial Crimes and Public Corruption Section of the U.S. Attorney’s Office, District of Arizona, Tucson, is handling the prosecution.

18:1349 Conspiracy to Commit Wire Fraud; 18:981 and 982 Forfeiture Allegation
(1)
18:371 Conspiracy to Commit Securities Fraud
(4)
Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5 (Securities Fraud)
(5)
Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5 (Securities Fraud)
(8)
Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5 (Securities Fraud)
(10)
Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5 (Securities Fraud)
(13)
Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5 (Securities Fraud)
(15)

Outcome: Defendants were found guilty by a jury.

Plaintiff's Experts:

Defendant's Experts:

Comments: