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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.

Healthcare Fraud: CEO and President Of The Pharmaceutical Company Charges With Defraud Health Care Insurers

<h2>Pharmaceutical Executives Charged in Racketeering Scheme<&sol;h2>&NewLine;<p>BOSTON – Several pharmaceutical executives and managers&comma; formerly employed by Insys Therapeutics&comma; Inc&period;&comma; were arrested today on charges that they led a nationwide conspiracy to bribe medical practitioners to unnecessarily […] Read More
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Financial Fraud: Chad Ducey and Two Other Individuals Was Sentenced For Multi-Million-Dollar Fraud Schemes of Imperial Petroleum Inc.

<h2>CEO of publicly traded company along with two others sent to federal prison<&sol;h2>&NewLine;<p><em><strong>Defrauded biodiesel purchasers and shareholders<&sol;strong><&sol;em><&sol;p>&NewLine;<p>INDIANAPOLIS &&num;8211&semi; United States Attorney Josh Minkler and Assistant Attorney General John C&period; Cruden for the Department of Justice’s […] Read More
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Financial Fraud: NANDU THONDAVADI – CEO of Schaumburg-based Quadrant 4 System Corp.- Charged with One Count of Willfully Certifying False Financial Reports

<h2>CEO of Schaumburg Consulting Firm Arrested on Fraud Charges for Misrepresenting Company’s Financial Condition<&sol;h2>&NewLine;<p>CHICAGO — The chief executive of a publicly-traded consulting firm has been charged in federal court with fraudulently misrepresenting the company’s financial […] Read More
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Claims Act Scam: Bechtel National Inc., Bechtel Corp., URS Corp. and URS Energy, Have Agreed to Pay $125 Million to Resolve Allegations Under the False Claims Act

<h2>The United States Settles Lawsuit Against Energy Department Contractors for Knowingly Mischarging Costs on Contract at Nuclear Waste Treatment Plant<&sol;h2>&NewLine;<p>The Justice Department announced today that Bechtel National Inc&period;&comma; Bechtel Corp&period;&comma; URS Corp&period; &lpar;predecessor in interest […] Read More
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Financial Fraud: Owners Of PLCMGMT LLC dba Prometheus Pleaded Guilty to Defrauding Investors of Multi-Million Dollar Securities Fraud

<h2>Founder of Litigation Marketing Company Guilty of Multi-Million Dollar Securities Fraud<&sol;h2>&NewLine;<p><strong>Assistant U&period;S&period; Attorneys Aaron P&period; Arnzen &lpar;619&rpar; 546-8384 and <&sol;strong><&sol;p>&NewLine;<p>SAN DIEGO – David Aldrich pleaded guilty in federal court today to defrauding investors through litigation […] Read More
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Financial Fraud: Jason H. Wild And Lt. Col. Michael K. Strom Convicted Convicted For Wire Fraud Conspiracy and False Claims

<h2>Former Major and Lt&period; Col&period; Convicted of Four-Year Fraud Against the Marine Corps<&sol;h2>&NewLine;<p><strong>Assistant U&period;S&period; Attorneys Nicholas W&period; Pilchak &lpar;619&rpar; 546-9709 and C&period; Seth Askins &lpar;619&rpar; 546-6692<&sol;strong><br &sol;>&NewLine;SAN DIEGO – A former major in the U&period;S&period; […] Read More
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Financial Fraud: Patricia Webb of Lee’s Summit Pleaded Guilty to Three Counts of Wire Fraud and One Count of Aggravated Identity Theft

<h2 class&equals;”node-title”>Lee&&num;8217&semi;s Summit Woman Pleads Guilty to &dollar;1&period;5 Million Embezzlement Schemes&comma; Identity Theft<&sol;h2>&NewLine;<p>KANSAS CITY&comma; Mo&period; – Tammy Dickinson&comma; United States Attorney for the Western District of Missouri&comma; announced that a Lee’s Summit&comma; Mo&period;&comma; woman pleaded […] Read More
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Financial Fraud: Two Individuals Sentenced for Stealing Their Deceased Parent’s Government Benefits

<h2>Two Georgia Men Sentenced for Stealing Government Benefits<&sol;h2>&NewLine;<p>ATLANTA &&num;8211&semi; John W&period;  Jackson&comma; Jr&period;&comma; and Corry Sandlin&comma; have been sentenced in federal district court for stealing their deceased parent&&num;8217&semi;s government benefits&period;  Each defendant lied to the […] Read More
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Mortgage Scam: Ally Financial Inc. Agreed To Pay For 10 Subprime Residential Mortgage-Backed Securities (RMBS)

<h2>Ally Financial Agrees to Pay &dollar;52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities<&sol;h2>&NewLine;<p><span style&equals;”color&colon; &num;000000&semi;”><i>LOS ANGELES<&sol;i> – Ally Financial Inc&period; has agreed to pay the United States &dollar;52 million […] Read More
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