Financial Fraud: Sergey Kapustin Charged With One Count of Wire Fraud and Conspiring to Commit Wire Fraud

December 29, 2016 FraudsWatch 0

Auto Dealer Arrested In $2 Million Fraud On Russian Citizens NEWARK, N.J. – A New Jersey auto dealer was charged today for allegedly defrauding more than 140 Russian citizens who were customers of his auto […] Read More

Swiss Bank Tax: Final Resolutions Of Department of Justice And Swiss Bank Program

December 29, 2016 FraudsWatch 0

Justice Department Reaches Final Resolutions Under Swiss Bank Program Information Received Continues to Drive Civil and Criminal Enforcement Efforts The Department of Justice announced today that it has reached final resolutions with banks that have […] Read More

Financial And Tax Fraud: CHRISTOPHER A. JANSEN – President of Baytree Investors Inc. – Charges of Wire Fraud And Evading Income Taxes

December 29, 2016 FraudsWatch 0

Former President of St. Charles Company Sentenced to 70 Months in Federal Prison for Wire Fraud and Income Tax Evasion ROCKFORD — The former President of Baytree Investors Inc., a defunct St. Charles company, was […] Read More

Financial Fraud: United Shore Financial Services LLC (USFS) Pay For Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending

December 29, 2016 FraudsWatch 0

United Shore Financial Services LLC Agrees To Pay $48 Million To Resolve Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending WASHINGTON – United Shore Financial Services LLC (USFS) has agreed to pay the […] Read More

Investment Fraud: DAVID BLAINE WELLIVER Sentenced For Defrauding Investors in The Dblaine Fund

December 28, 2016 FraudsWatch 1

Investment Advisor Sentenced to Five Years for Defrauding Investors of $1.725 Million The United States Attorney’s Office for the District of Minnesota announced the sentencing of DAVID BLAINE WELLIVER, 56, to five years in prison […] Read More

Cyber Crime: IAT HONG, BO ZHENG, and CHIN HUNG Charged With Devising and Carrying Out a Scheme to Enrich Themselves by Obtaining And Trading on Material, Nonpublic Information

December 27, 2016 FraudsWatch 0

Manhattan U.S. Attorney Announces Arrest of Macau Resident and Unsealing of Charges Against Three Individuals for Insider Trading Based On Information Hacked from Prominent U.S. Law Firms Iat Hong Arrested On December 25 In Hong […] Read More

Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That Defrauded Investors

December 23, 2016 FraudsWatch 0

Leader of $242 Million Investment Fraud Scheme Sentenced to 18 Years in Federal Prison Ponzi Scheme Involved Sale of Medical Debts Baltimore, Maryland – U.S. District Judge James K. Bredar sentenced Richard Shusterman, age 53, […] Read More

Tax Fraud: Anthony Cosica Sentenced For Multimillion-Dollar Cigarette Tax Fraud Scheme

December 23, 2016 FraudsWatch 0

Last Defendant in $48 Million Dollar Cigarette Tax Fraud Scheme Sentenced The case involved untaxed cigarettes sold in all 50 States and was the first prosecution in the nation under federal PACT Act The last […] Read More

Financial Fraud: Umair Hamid Charged with Wire Fraud, Aggravated Identity Theft, and Worldwide “Diploma Mill” Scheme

December 22, 2016 FraudsWatch 0

Manhattan U.S. Attorney Charges Executive Of Axact In $140 Million Diploma Mill Scam Preet Bharara, the United States Attorney for the Southern District of New York, Philip R. Bartlett, Inspector-in-Charge of the New York Office […] Read More

Investment Fraud: Naris Chamroonrat Charged Of Conspiracy to Commit Securities Fraud And One Count of Wire Fraud

December 21, 2016 FraudsWatch 0

Owner Of Day Trading Firm Charged In Worldwide Simulator Trading Account Scheme Scheme Targeted Hundreds of Investors in Over 30 Countries, Including the United States NEWARK, N.J. – A Thai man was arrested and charged […] Read More

Email Scam: FBC Home Loans Propose

December 21, 2016 FraudsWatch 0

This is an email scam received about “ FBC Home Loans Propose ” is a phishing scam and why not try to contact these people or log onto these sites and enter your data because you […] Read More

Tax Fraud: Kevin Brown, Formerly of Capitol Heights, Sentenced For Identity Theft and Tax Fraud Scheme

December 20, 2016 FraudsWatch 0

Maryland Man Sentenced to 135 Months in Prison For Scheme That Used Stolen Identifying Information To Fraudulently Seek More Than $20 Million in Tax Refunds Stole Identities of Nursing Home Patients and Others WASHINGTON – […] Read More

Cyber Crime: DAVID W. KENT, Owner Of Oilpro.com, Guilty In Hacking Into a Competitor’s Network and Stealing Client Data

December 20, 2016 FraudsWatch 0

Oilpro.Com Founder Pleads Guilty In Manhattan Federal Court To Hacking Into Competitor’s Computer System Defendant Stole Information From Over 700,000 Customer Accounts Stored on a Competitor’s Database and Then Sought to Sell Oilpro.com to the […] Read More

Financial Fraud: Phillip E. Southwood former owner of Southwood Industries, Inc., Sentenced for Multiple Bankruptcy-Related Crimes

December 20, 2016 FraudsWatch 0

Small Business Owner Sentenced to Prison for Bankruptcy Fraud Assistant U.S. Attorneys Joseph J.M. Orabona (619)546-7951 or Michael Heyman (619) 546-9615NEWS RELEASE SUMMARY – December 19, 2016 SAN DIEGO – Phillip E. Southwood, Jr., a […] Read More

Investment Fraud: Seven Individuals Charged With Securities Fraud, Investment Adviser Fraud And Securities Fraud Conspiracy

December 19, 2016 FraudsWatch 0

Platinum Partners’ Founder And Chief Investment Officer Among Five Indicted In A $1 Billion Investment Fraud Two Additional Individuals Indicted In A $50 Million Bond Fraud Involving Black Elk Energy, One Of Platinum’s Largest Portfolio […] Read More

List Of U.S. Attorney’s Office Collects in Civil and Criminal Actions for U.S. Taxpayers in Fiscal year 2016

December 17, 2016 FraudsWatch 0

U.S. Attorney’s Office made a report on what they collected in 2016 following offenses and civil actions in Fiscal for U.S. Taxpayers with a more than a $15.3 billion. Justice Department Collects More Than $15.3 […] Read More

Financial Fraud: Bogdan Nicolescu, Tiberiu Danet And Radu Miclaus Indicted in Cyber Fraud, Identity Theft And Wire Fraud

December 16, 2016 FraudsWatch 0

Three Romanian nationals indicted in cyber fraud case in which they infected 60,000 computers, sent out 11 million malicious emails and stole at least $4 million A 21-count indictment was unsealed in which three Romanian […] Read More

Investment Fraud: Richard Wyatt Davis Charged With One Count of Wire Fraud and Three Counts of Tax Evasion

December 16, 2016 FraudsWatch 0

Mecklenburg Co. Man Facing Federal Charges In Connection With $19 Million Investment Fraud Scheme Defendant Misused Victim-Investors’ Funds to Pay for Vacation Homes, Vehicles, a Chef and Other Personal Expenses CHARLOTTE, N.C. – A Mecklenburg […] Read More

Financial Fraud: Two Brokers Charged For Scheme to Use Simultaneous Loan Applications to Fraudulently Obtain Home Equity Lines of Credit

December 15, 2016 FraudsWatch 0

Real Estate Brokers And Client Charged With Defrauding Banks In ‘Shotgun’ Loan Scheme NEWARK, N.J. – Two real estate brokers and a client were arrested today and charged in connection with a scheme to use […] Read More

Healthcare Fraud: Forest Laboratories LLC And Forest Pharmaceuticals Inc. Agreed to Pay For Violated the False Claims Act by Paying Kickbacks

December 15, 2016 FraudsWatch 0

Forest Laboratories and Forest Pharmaceuticals to Pay $38 million to Resolve Kickback Allegations Under the False Claims Act Forest Laboratories LLC, located in New York, New York, and its subsidiary, Forest Pharmaceuticals Inc., have agreed […] Read More