August 2017

United States Files Complaints to Forfeit More Than $11 Million From Companies That Allegedly Laundered Funds To Benefit Sanctioned North Korean Entities WASHINGTON – The United States filed two complaints today seeking imposition of a civil money laundering penalty and to civilly forfeit more than $11 million from companies that allegedly acted as financial facilitators […]

Former CEO of Arthrocare Corporation Convicted for Orchestrating $750 Million Securities Fraud Scheme A federal jury today convicted the former chief executive officer of ArthroCare Corporation, a publicly traded medical device company based in Austin, Texas, for his role in orchestrating a fraud scheme that resulted in shareholder losses of over $750 million. Acting Assistant […]

Former Assistant Chief of Staff of the U.S. Navy’s Seventh Fleet Charged in Massive Navy Corruption Scandal; Pleads Guilty to Bribery Conspiracy Assistant U.S. Attorneys Mark W. Pletcher (619) 546-9714 and Patrick Hovakimian (619) 546-9718 SAN DIEGO – U.S. Navy Captain Jesus Vasquez Cantu admitted in federal court today that he accepted bribes in the […]

Navy Contractor Admits Accepting Funds from Port Engineer Administering Contracts Involving his Company Assistant U.S. Attorney Phillip L.B. Halpern (619) 546-6964 SAN DIEGO – Alfonso Liburd, the President and Chief Executive Officer of San Diego-based defense contractor NEVWEST, Inc. (“NevWest”), pleaded guilty today to improperly aiding and abetting Navy Port Engineer, John Nasshan (charged elsewhere), […]

Former Lebanon Airport Operator Indicted for $707,000 Fraud Scheme JEFFERSON CITY, Mo. – Tom Larson, Acting United States Attorney for the Western District of Missouri, announced today that the former owner of a fixed base operation at the Lebanon, Mo., airport has been indicted by a federal grand jury for a $707,000 investment fraud scheme. […]

PHH Agrees To Pay $74 Million To Resolve Alleged False Claims Act Liability Arising From Mortgage Lending NEWARK, N.J. – PHH Corp., PHH Mortgage Corp. and PHH Home Loans (PHH) have agreed to pay the United States $74,453,802 to resolve allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans […]

Former Cocoa Company Executives Arrested For Defrauding Lenders Of $400 Million Peter G. Johnson, Peter B. Johnson, and Thomas Reich submitted false financial reports to banks to secure and maintain a $400 million credit line to Transmar Commodity Group Ltd. Joon H. Kim, the Acting United States Attorney for the Southern District of New York, […]