Iranian National Pleads Guilty in Robbinhood Ransomware Scheme Causing Tens of Millions in Losses and Crippling U.S. Public Services

Justice in cybercrime: Gavel on shattered keyboard with broken digital chains, symbolizing conviction in Robbinhood ransomware case.

Iranian National Pleads Guilty in Robbinhood Ransomware Scheme Causing Tens of Millions in Losses and Crippling U.S. Public Services

May 27, 2025 FraudsWatch 0

WASHINGTON – An Iranian national, Sina Gholinejad, 37, pleaded guilty today in federal court to his role in a sophisticated international ransomware and extortion conspiracy that utilized the notorious Robbinhood ransomware variant. The scheme inflicted […] Read More

Symbolic image of justice for Medicare fraud: a gavel beside a broken piggy bank with medical symbols, representing the NOVA DME healthcare fraud scheme and sentencing.

Alexandria Trio Sentenced in Sophisticated Multi-Million Dollar Medicare DME Fraud Ring Involving International Money Laundering and Illicit Patient Lead Generation

May 27, 2025 FraudsWatch 0

Justice Served in Virginia as Masterminds of $13.5M Medicare DME Fraud Scheme Face Prison Time In a significant step towards accountability for egregious healthcare fraud, three individuals from Vienna, Virginia, have been sentenced to prison […] Read More

Gavel on financial documents with foreign currency, symbolizing former defense contractor Douglas Edelman's guilty plea to multi-million dollar tax evasion scheme involving $7B DoD contracts.

Concealed Fortunes: The Douglas Edelman Tax Evasion Scheme and its Implications for Defense Contracting and International Tax Enforcement

May 22, 2025 FraudsWatch 0

I. Executive Summary The case of Douglas Edelman, a former U.S. defense contractor, represents a significant instance of large-scale tax evasion intertwined with the complexities of international business and government procurement. Edelman recently pleaded guilty […] Read More

Illustrative image of uncut diamonds with background elements symbolizing wire fraud and legal documents, representing the Edward Carlos St. Mary III diamond fraud case.

Edward Carlos St. Mary III Indicted in Alleged Multi-Million Dollar Wire Fraud Scheme Targeting International Diamond Market

May 21, 2025 FraudsWatch 0

NEW YORK, NY – October 26, 2023 – A significant federal indictment was unsealed today by the U.S. Attorney’s Office for the Southern District of New York, charging prominent international businessman Edward Carlos St. Mary […] Read More

Image depicting the extradition of Liridon Masurica and the disruption of BlackDB.cc.

The Extradition of Liridon Masurica and the Disruption of the BlackDB.cc Criminal Marketplace: A Case Study in International Cybercrime Enforcement

May 13, 2025 FraudsWatch 0

I. Executive Summary This report details the extradition of Liridon Masurica, allegedly known as “@blackdb,” from Kosovo to the United States to face federal charges related to his purported role as the lead administrator of […] Read More

Illustration depicting fraudulent Paycheck Protection Program applications with shadowy figures stealing money, symbolizing the widespread PPP loan fraud and misuse of CARES Act funds intended for small business relief.

Connecticut Accountant Admits to $2.3M PPP Fraud: Inside the Schemes That Exploited COVID Relief

May 13, 2025 FraudsWatch 0

BRIDGEPORT, CT – The guilty plea of Yasir G. Hamed, a 60-year-old accountant from Woodbridge, Connecticut, on May 9, 2025, for defrauding the Paycheck Protection Program (PPP) of over $2.3 million, casts a stark light […] Read More

GPB Capital executives in handcuffs after $1.6 billion fraud sentencing.

GPB Capital Executives Jailed: Unraveling a $1.6 Billion Web of Lies and Investor Deception

May 10, 2025 FraudsWatch 0

Brooklyn, NY – The architects of a sprawling $1.6 billion fraud that victimized over 10,000 investors faced their day of reckoning as David Gentile, the founder and former Chief Executive Officer (CEO) of GPB Capital, […] Read More

Shattered digital heart symbolizing emotional and financial devastation from online romance scam.

Kingsley Ibhadore Jailed: Unmasking the Deceptive Triangle of Romance Scams, Money Mules, and Financial Structuring

May 8, 2025 FraudsWatch 0

Introduction: The Human Cost of a Calculated Deception – The Kingsley Ibhadore Case The fight against sophisticated financial fraud claimed a small victory on May 5, 2025, when Kingsley Sebastian Ibhadore, a 40-year-old Nigerian citizen […] Read More

Illustration showing an unstable pyramid of cash, symbolizing the William Lamar Rhew III Ponzi scheme collapse.

The Case of William Lamar Rhew III: A Legal Analysis of a Multimillion-Dollar Ponzi Scheme and Financial Fraud

May 7, 2025 FraudsWatch 0

Executive Summary This report provides a comprehensive analysis of the criminal enterprise orchestrated by William Lamar Rhew, III, culminating in his guilty plea on May 6, 2025, to charges of wire fraud, money laundering, securities […] Read More

Discarded bank statements and mail visible in an unsecured trash bin, illustrating the risk of identity theft through dumpster diving.

Dumpster Diving for Documents: The Low-Tech Threat Fueling High-Stakes Identity Theft

May 6, 2025 FraudsWatch 0

Unearthing a Persistent Threat In an era dominated by sophisticated cyberattacks and complex digital fraud schemes, it might seem counterintuitive that one of the most enduring methods for stealing personal information involves rummaging through refuse. […] Read More

Credit Suisse’s Repeated Failures: An Analysis of the 2025 DOJ Settlement for Offshore Tax Evasion Conspiracy

May 6, 2025 FraudsWatch 0

Introduction: Credit Suisse Settles Again – A Legacy of Tax Evasion and Broken Promises On May 5, 2025, a significant chapter unfolded in the long and often contentious history of U.S. efforts to combat offshore […] Read More

Image depicting federal court proceedings related to the $9.1 million VA Post-9/11 GI Bill education benefits fraud scheme in Honolulu involving Brian Matsudo, Marshall Scott, and Raheem Wells.

$9.1M GI Bill Fraud: Honolulu School Owner Pleads Guilty in Scheme Exploiting Veteran Education Benefits; Two Others Face Charges

May 3, 2025 FraudsWatch 0

HONOLULU, HI – The owner of a Honolulu massage therapy school has pleaded guilty to federal charges, admitting his role in a complex scheme that defrauded the U.S. Department of Veterans Affairs (VA) of over […] Read More

Abstract image representing the conviction of a Louisiana nurse practitioner for telehealth and DME Medicare fraud.

Analysis of the Shanone Chatman-Ashley Healthcare Fraud Conviction: Exploitation of Telehealth and Durable Medical Equipment Schemes

May 2, 2025 FraudsWatch 0

Executive Summary Shanone Chatman-Ashley, a 45-year-old licensed Nurse Practitioner (NP) from Opelousas, Louisiana, was recently convicted by a federal jury for orchestrating a significant healthcare fraud scheme targeting the Medicare program. Operating between 2017 and […] Read More