Financial Fraud: Kim A. Earlycutt, Shannon A. King, And Marcia Farmer Sentence For Conspiring To Submit False Tax Returns

August 29, 2017 FraudsWatch

Three sentenced for five million dollar tax fraud ATLANTA – Kim A. Earlycutt, Shannon A. King, and Marcia Farmer, have been sentenced for conspiring to submit false tax returns totaling more than $5 million over […] Read More

Financial Fraud: Alice Soard And Wendell James Pay To Resolve Federal And State False Claims Act Allegations

August 29, 2017 FraudsWatch

Action for Defrauding a Program for Individuals with Developmental Disabilities Settles for Approximately $2 M SACRAMENTO, Calif. — Two Bay Area companies and the two individuals who head them will pay approximately $2 million to […] Read More

Financial Fraud: Amechi Colvis Amuegbunam Sentenced In Business Email Compromise (BEC) Scheme

August 28, 2017 FraudsWatch

Nigerian Man Sentenced for Role in “Business Email Compromise” Scheme That Caused $3.7 Million Loss to U.S. Companies DALLAS — A Nigerian citizen in the U.S. on a student visa was sentenced today before U.S. […] Read More

Financial Fraud: Robert Mark Seibert Accused of Running a Stock Investment Scheme That Allegedly Defrauded More Than 90 Victims

August 27, 2017 FraudsWatch

Palm Desert Man Arrested in Stock Scheme that Targeted Nearly 100 Elderly Victims across U.S. and Allegedly Caused over $1 Million in Losses SANTA ANA, California – A Palm Desert man who is accused of […] Read More

Financial Fraud: Deborah Joy Durand Convicted of False Statements to Obtain Federal Employees Compensation Benefits, Wire Fraud, False Claims Relating to Workers Compensation Benefits, and Theft of Government Property

August 27, 2017 FraudsWatch

Former Postal Employee Convicted for Fraudulently Obtaining Workers’ Compensation Benefits GREAT FALLS – The United States Attorney’s Office announced a federal court convicted Deborah Joy Durand of False Statements to Obtain Federal Employees’ Compensation Benefits, […] Read More

Financial Fraud: James Robert Liang, a Volkswagen Engineer, Was Sentenced For His Role In a Nearly 10-Year Conspiracy to Defraud U.S.

August 25, 2017 FraudsWatch

Volkswagen Engineer Sentenced for His Role in Conspiracy to Cheat U.S. Emissions Tests DETROIT, Michigan – James Robert Liang, a Volkswagen engineer, was sentenced today by U.S. District Judge Sean F. Cox of the Eastern […] Read More

Financial Fraud: MAHMOUD THIAM Was Sentenced For His Scheme to Launder $8.5 Million

August 25, 2017 FraudsWatch

Former Minister Of Mines For The Republic Of Guinea Sentenced To 7 Years In Prison For Receiving And Laundering $8.5 Million In Bribes From Chinese Companies Joon H. Kim, the Acting United States Attorney for […] Read More

Tax Fraud: Kenneth J. Coleman Charged in a Nine-Count Indictment Filed of Second-Hand Prescription Drugs

August 25, 2017 FraudsWatch

Texas Residents Indicted for Laundering and Structuring Proceeds from Sale of Second-Hand Prescription Drugs Income Allegedly Not Reported on Federal Tax Returns A federal grand jury sitting in Houston, Texas returned an indictment, which was […] Read More

Financial Fraud: The United States Filed Two Complaints That The Companies Have Participated in Schemes to Launder U.S. Dollars On Behalf of Sanctioned North Korean

August 22, 2017 FraudsWatch

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 […] Read More

Mortgage Fraud: LAURANCE H. FREED Convicted On Three Counts of Bank Fraud, One Count of Mail Fraud, And Four Counts of Making a False Statement To a Financial Institution

August 22, 2017 FraudsWatch

Real Estate Developer Sentenced to Three Years in Federal Prison for Defrauding Banks and the City of Chicago CHICAGO — A federal judge today sentenced a Chicago real estate developer to three years in prison […] Read More

Financial Fraud: Michael Baker Guilty of One Count of Conspiracy to Commit Wire Fraud And Securities Fraud

August 19, 2017 FraudsWatch

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, […] Read More

Public Corruption And Financial Fraud: Captain Jesus Vasquez Cantu Charged so Far as Part of The Massive Fraud And Bribery Investigation

August 19, 2017 FraudsWatch

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 […] Read More

Financial Fraud: Common Investment Frauds

August 11, 2017 FraudsWatch

Investment scams prey on your hope to earn interest or a return on investment on the amount of money that you invest. The Securities and Exchange Commission (SEC) offers overviews of many common investment frauds, and tips […] Read More

Financial Fraud: Alfonso Liburd Pleaded Guilty to Improperly Aiding And Abetting Navy Port Engineer

August 10, 2017 FraudsWatch

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 […] Read More

Financial Fraud: Paul David Ward Indicted For Investment Fraud Scheme

August 10, 2017 FraudsWatch

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 […] Read More

Financial Fraud: PHH Corp., PHH Mortgage Corp. and PHH Home Loans (PHH) Have Agreed to Pay To Resolve Alleged False Claims Act Liability Arising From Mortgage Lending

August 8, 2017 FraudsWatch

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 […] Read More

Financial Fraud: PETER G. JOHNSON, PETER B. JOHNSON, And THOMAS REICH Charged With Defrauding a Group of Lenders (the “Banks”)

August 8, 2017 FraudsWatch

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 […] Read More

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