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FraudsWatch

FraudsWatch is а site reporting on fraud and scammers on internet, in financial services and personal. Providing a daily news service publishes articles contributed by experts; is widely reported in thе latest compliance requirements, and offers very broad coverage of thе latest online theft cases, pending investigations and threats of fraud.

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

<h2 class&equals;”node-title”>Oilpro&period;Com Founder Pleads Guilty In Manhattan Federal Court To Hacking Into Competitor’s Computer System<&sol;h2>&NewLine;<p class&equals;”node-subtitle center”><strong>Defendant Stole Information From Over 700&comma;000 Customer Accounts Stored on a Competitor’s Database and Then Sought to Sell Oilpro&period;com […] Read More
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Financial Fraud: Phillip E. Southwood former owner of Southwood Industries, Inc., Sentenced for Multiple Bankruptcy-Related Crimes

<h2 class&equals;”wp-block-heading”>Small Business Owner Sentenced to Prison for Bankruptcy Fraud<&sol;h2>&NewLine;<p><strong>Assistant U&period;S&period; Attorneys Joseph J&period;M&period; Orabona &lpar;619&rpar;546-7951 or Michael Heyman &lpar;619&rpar; 546-9615<&sol;strong><br &sol;><strong><u>NEWS RELEASE SUMMARY<&sol;u> –<&sol;strong> December 19&comma; 2016<&sol;p>&NewLine;<p>SAN DIEGO – Phillip E&period; Southwood&comma; Jr&period;&comma; a […] Read More
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Investment Fraud: Seven Individuals Charged With Securities Fraud, Investment Adviser Fraud And Securities Fraud Conspiracy

<h2>Platinum Partners’ Founder And Chief Investment Officer Among Five Indicted In A &dollar;1 Billion Investment Fraud<&sol;h2>&NewLine;<p><strong>Two Additional Individuals Indicted In A &dollar;50 Million Bond Fraud Involving Black Elk Energy&comma; One Of Platinum’s Largest Portfolio Companies<&sol;strong><&sol;p>&NewLine;<p>BROOKLYN&comma; […] Read More
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List Of U.S. Attorney’s Office Collects in Civil and Criminal Actions for U.S. Taxpayers in Fiscal year 2016

<p><strong>U&period;S&period; Attorney&&num;8217&semi;s Office made a report on what they collected in 2016 following offenses and civil actions in Fiscal for U&period;S&period; Taxpayers with a more than a &dollar;15&period;3 billion&period;<&sol;strong><&sol;p>&NewLine;<h2 id&equals;”node-title” style&equals;”text-align&colon; center&semi;”><strong><a href&equals;”https&colon;&sol;&sol;www&period;justice&period;gov&sol;opa&sol;pr&sol;justice-department-collects-more-153-billion-civil-and-criminal-cases-fiscal-year-2016″>Justice Department Collects […] Read More
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Investment Fraud: Richard Wyatt Davis Charged With One Count of Wire Fraud and Three Counts of Tax Evasion

<h2 class&equals;”node-title”>Mecklenburg Co&period; Man Facing Federal Charges In Connection With &dollar;19 Million Investment Fraud Scheme<&sol;h2>&NewLine;<p class&equals;”node-subtitle center”><strong>Defendant Misused Victim-Investors’ Funds to Pay for Vacation Homes&comma; Vehicles&comma; a Chef and Other Personal Expenses<&sol;strong><&sol;p>&NewLine;<div class&equals;”field field–name-field-pr-subtitle field–type-text […] Read More
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Healthcare Fraud: Forest Laboratories LLC And Forest Pharmaceuticals Inc. Agreed to Pay For Violated the False Claims Act by Paying Kickbacks

<h2>Forest Laboratories and Forest Pharmaceuticals to Pay &dollar;38 million to Resolve Kickback Allegations Under the False Claims Act<&sol;h2>&NewLine;<p>Forest Laboratories LLC&comma; located in New York&comma; New York&comma; and its subsidiary&comma; Forest Pharmaceuticals Inc&period;&comma; have agreed to […] Read More
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Financial Fraud: JOHN ARNOLD SHELLEY Indicted For Conspiracy and Commit Bank Fraud at The Bank of Union (BOU)

<h2>Former Bank President Indicted in Connection with &dollar;100&comma;000&comma;000 Bank Failure<&sol;h2>&NewLine;<p><em>Oklahoma City&comma; Oklahoma<&sol;em> – Yesterday&comma; a federal grand jury returned a 23-count indictment against <strong>JOHN ARNOLD SHELLEY<&sol;strong>&comma; 66&comma; of Oklahoma City&comma; Oklahoma&comma; in connection with the failure […] Read More
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Investment Fraud: Six Individuals Charged With Fraudulent High-Yield Investment Program – Cities Upliftment Program (CUP)

<h2 class&equals;”wp-block-heading”>Manhattan U&period;S&period; Attorney Announces Charges Against Six Individuals In International High-Yield Investment Fraud Scheme<&sol;h2>&NewLine;<p><strong>Scheme Participants Impersonated Federal Reserve Officials to Swindle Over &dollar;50 Million from Investors in the United States and Foreign Countries<&sol;strong><&sol;p>&NewLine;<p>Preet Bharara&comma; […] Read More
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Financial Fraud: ROBERT KUSS Indicted In One Count of Mail Fraud Stemming From His Role in a Scheme to Defraud the U.S. Postal Service

<h2>Managing Partner of Bulk Mail Firm Admits Defrauding U&period;S&period; Postal Service of Nearly &dollar;750K<&sol;h2>&NewLine;<p>Deirdre M&period; Daly&comma; United States Attorney for the District of Connecticut&comma; and Shelly Binkowski&comma; Inspector in Charge for the Boston Division of […] Read More
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Financial Fraud: Torneos y Competencias S.A. (Torneos) Charged With Wire Fraud Conspiracy And Participation in a Scheme to Corrupt International Soccer

<h2>Argentine Sports Marketing Company Admits To Role In International Soccer Bribery Conspiracy And Agrees To &dollar;112 Million In Forfeiture And Criminal Penalties<&sol;h2>&NewLine;<p><strong>Torneos y Competencias S&period;A&period; Enters Into Four-Year Deferred Prosecution Agreement&semi; Agrees to Enhanced Internal […] Read More
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Financial Fraud: Troy Stratos Sentenced for Multiple Counts of Mail Fraud, Wire Fraud, And Money Laundering

<h2>Stratos Sentenced to over 21 Years in Prison<&sol;h2>&NewLine;<p><strong>He Defrauded Victims of Over &dollar;30M Through Multiple Schemes and Obstructed Justice<&sol;strong><&sol;p>&NewLine;<p>SACRAMENTO&comma; Calif&period; — Troy David Stratos&comma; 50&comma; formerly of Los Angeles&comma; was sentenced today by United States […] Read More
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Investment Fraud: Joseph Taub and Elazar Shmalo Charged With Orchestrating a Massive, Long-Running Market Manipulation Scheme

<h2>Two Securities Traders Charged In Scheme That Netted &dollar;26 Million In Illicit Profits<&sol;h2>&NewLine;<p><strong>Manipulated &dollar;10 Billion Worth of Securities in Tens of Thousands of Transactions<&sol;strong><&sol;p>&NewLine;<p>NEWARK&comma; N&period;J&period; – Two New Jersey-based securities traders were arrested today and […] Read More
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Financial Fraud: Samuel Mebiame Pleaded Guilty to Conspiring to Make Corrupt Payments to Government Officials in Africa

<h2>Gabonese National Pleads Guilty To Foreign Bribery Scheme<&sol;h2>&NewLine;<p><strong>The Son of a Former Prime Minister of Gabon Bribed High-Ranking Government Officials in Multiple African Countries to Obtain Uranium Concessions and Other Mining Rights<&sol;strong><&sol;p>&NewLine;<p>Samuel Mebiame&comma; a Gabonese […] Read More
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