Financial Fraud: Group Of Individuals Charging With Conspiracy to Commit Identity Theft, Aggravated Identity Theft, And Counterfeit Access Device

22 Individuals Charged With Conspiracy To Commit Id Theft SAN JUAN, P.R – On May 9, 2017, a federal grand jury in the District of Puerto Rico returned a 49-count superseding indictment charging 22 individuals with conspiracy to commit identity theft, aggravated identity theft, and counterfeit access device, announced United States Attorney for the District […]

Financial Fraud: Three Customer Of Perryville Investment Group Charged With False Loan Application

Bank Officers and Bank Customer Charged with Wire Fraud and Making a False Loan Application ROCKFORD — Two bank officers and a bank customer were charged Tuesday by a federal grand jury in Rockford with fraud and falsifying statements to the Small Business Administration, an agency of the United States. RYAN COLE, 45, of Garland, […]

Financial Fraud: ACME REFINING CO., Pleaded Guilty To Criminal Tax Violations

Chicago Scrap Iron Refining Company and Its President Plead Guilty to Criminal Tax Violations for Concealing $11.6 Million from IRS CHICAGO — A Chicago-based scrap iron refining business and its president admitted in federal court today that they concealed from the Internal Revenue Service more than $11.6 million in cash wages paid to employees. ACME […]

Making Subprime Mortgages Illegal

With all of the furor over the subprime mortgage debacle, a number of individuals and groups are taking a closer look at the loans that made the mess possible. Adjustable rate mortgages, interest only loans, and their variations are estimated at $3.5 trillion now, and they are partly to blame for the record foreclosure rates. […]

Cyber Crime: Jimmy Phan And Lee Tran Sentenced For Multi-State Scheme to Defraud T-Mobile

Two Men Sentenced in Multi-State Scheme to Fraudulently Obtain New Cell Phones BOSTON – Two men were sentenced yesterday in federal court in Boston in connection with a fraudulent scheme to obtain and re-sell more than $330,000 in new cell phones. Jimmy Phan, 30, of Boston, was sentenced yesterday by U.S. District Court Senior Judge Mark […]

Financial Fraud: Chrystal Lynn Bernstein Pleaded Guilty to One Count of Bank Fraud And Aggravated Identity Theft

Osage Beach Woman Pleads Guilty to Stolen Mail, Bank Fraud Scheme JEFFERSON CITY, Mo. – Tom Larson, Acting United States Attorney for the Western District of Missouri, announced today that an Osage Beach, Mo., woman has pleaded guilty in federal court to a scheme to use stolen mail and stolen identities to cash fraudulent checks […]

Financial Fraud: JOHN O’BRIEN Sentenced For Stealing From Clients of His Law Practice

Former Attorney Sentenced to 3 Years in Prison for Defrauding Clients of More Than $900K Deirdre M. Daly, United States Attorney for the District of Connecticut, today announced that JOHN O’BRIEN, 53, of North Kingstown, R.I., was sentenced yesterday by Chief U.S. District Judge Janet C. Hall in Bridgeport to 36 months of imprisonment, followed […]

Investment Fraud: Jill M. Evans Sentenced For Wire Fraud And Money Laundering

Littleton Woman Sentenced to Seven Years in Federal Prison for Oil and Investment Scheme DENVER – Jill M. Evans, age 51, of Littleton, Colorado, was recently sentenced by U.S. District Court Judge John L. Kane to serve 84 months (7 years) in federal prison for wire fraud and money laundering, the U.S. Attorney’s Office, FBI […]

Financial Fraud: Charles Whitlock, Jr., Arrested For “Synthetic Identity” Fraud Scheme

South Carolina Man Arrested On Federal Charges For “Synthetic Identity” Fraud Scheme CHARLOTTE, N.C. – A South Carolina man was arrested today on bank, wire, and mail fraud charges in connection with a “synthetic identity” fraud scheme that defrauded financial institutions of more than $340,000, announced Jill Westmoreland Rose, U.S. Attorney for the Western District […]

A Landlord’s Potential Problems (and How a Tenant Report Can Remedy Them)

Landlords and property owners have to contend with a number of issues, risks, and problems when renting out an apartment or a land, for instance. Of course, there are laws that supposedly protect owners from dubious entities who practice rental fraud. But unfortunately, these laws do not work much to their advantage, as the frauds […]

Financial Fraud: Jason J. Parmeley , formerly of O’Fallon, MO, Sentenced For Running Large Stolen Property Fraud Ring

O’Fallon Missouri Man Sentenced to Fourteen Years in Prison for Running Large Stolen Property Fraud Ring and Bank Fraud Donald S. Boyce, United States Attorney for the Southern District of Illinois, announced that yesterday, in federal court in Benton, Illinois, Jason J. Parmeley, 43, formerly of O’Fallon, MO, was sentenced to fourteen years in federal […]

Shrinkage – And Two Technology Predictions

A family friend who works at a major retailer reported one night over a drink that he had the strangest of days. He made goal (good for him) selling high-end merchandise to individuals he knew in his heart of hearts were thieves using a stolen credit card. Management was called. Security was called. But in […]

Financial Fraud: AQE Inc. Asbestos Abatement Company Sentenced for Defrauding Union Benefit Funds

New Hampshire Asbestos Abatement Company Sentenced for Defrauding Union Benefit Funds BOSTON – An asbestos removal company was sentenced today in federal court in Boston in connection with a scheme to pay union members at non-union rates and without benefits by setting-up and paying union members through a separate corporate entity. AQE Inc. of Windham, […]

Tax Fraud: David W. Schwarz Sentenced For Conspiracy, Bank Fraud and Tax Offenses

Former Cay Clubs Chief Financial Officer Sentenced to 40 Years in Prison for Conspiracy, Bank Fraud and Tax Offenses The former Chief Financial Officer of Cay Clubs Resorts and Marinas (Cay Clubs) was sentenced to 40 years in prison, after having been previously convicted by a federal jury of conspiracy, bank fraud, and tax offenses. […]

Financial Fraud: THOMAS E. HAIDER Sentenced To Implement And Maintain An Effective Anti-Money Laundering Program And File Timely SARS In Moneygram

Acting Manhattan U.S. Attorney Announces Settlement Of Bank Secrecy Act Suit Against Former Chief Compliance Officer At Moneygram For Failure To Implement And Maintain An Effective Anti-Money Laundering Program And File Timely SARS Thomas E. Haider Agrees to a Three-Year Bar from Performing a Compliance Function at a Money Transmitter and to Pay a Civil […]

Financial Fraud: MAHMOUD THIAM Convicted Of Money Laundering Charges Stemming From His Scheme

Former Minister Of Mines For The Republic Of Guinea Convicted Of Receiving And Laundering $8.5 Million In Bribes From Chinese Companies Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and Kenneth A. Blanco, the Acting Assistant Attorney General of the Department of Justice’s Criminal Division, announced that MAHMOUD […]

Financial Fraud: Owners Of Keystone Biofuels, Inc., Indicted To Have Participated in a Scheme To Fraudulently Claim RIN Credits

Owners Of Biofuel Company Indicted On Conspiracy And False Statement Charges WASHINGTON – A Pennsylvania biofuel producer and two of its officers were indicted on May 3, 2017, on conspiracy and false statements charges for participating in a scheme that generated over $10 million in U.S. Environmental Protection Agency (EPA) renewable fuels credits (RIN credits) […]