By James Finn
The Advocate, Baton Rouge, La.
FOREST HILLS, La. — A small town police chief admitted Tuesday to pocketing thousands of dollars in kickbacks to churn out bogus police reports, marking the fourth and final lawman to plead guilty in an immigration fraud case that has roiled central Louisiana since it became public last year.
Former Forest Hills Police Chief Glynn Dixon, one of four cops charged last summer under what federal prosecutors called a yearslong scheme to profit from bogus visa applications, entered a “guilty” plea Tuesday on a single count of conspiracy to commit visa fraud, court records show.
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An attorney listed in court records as representing Dixon, Kevin Stockstill, did not immediately respond to an email and phone message.
The former chief initially denied the charges for which he was arrested…
Investment fraud targets the human desire for financial growth by promising high returns with “low to no risk.”
- Ponzi Schemes: Named after Charles Ponzi, these schemes pay “returns” to earlier investors using the capital brought in by newer investors. There is no actual underlying business; the system collapses when new recruitment slows down.
- Pyramid Schemes: Similar to Ponzi schemes, but participants are usually required to sell a product or service. The primary “profit” comes from the recruitment fees of new members rather than actual product sales.
- Pump and Dump: Fraudsters spread false, positive rumors about a cheap stock (the “pump”) to drive up the price. Once the price peaks, they sell their shares (the “dump”), leaving other investors with worthless stock.