Former CEO of CytoDyn and Head of Contract Research Organization Face Decades in Prison for Securities Fraud, Wire Fraud, and Insider Trading In a resounding victory for investor protection, a federal jury in Maryland convicted two high-ranking biotechnology executives for their roles in a complex scheme to defraud investors in CytoDyn Inc. Nader Pourhassan, the […]
Mobile, AL – A 30-year-old man from Theodore, Alabama, Sean Donnell White, has been sentenced to 32 months in federal prison for orchestrating a complex web of fraud that preyed on both traditional mail systems and the digital world of cryptocurrency. White’s criminal activities, spanning from 2020 to 2022, involved two distinct yet interconnected schemes:
Imagine this: you wake up one morning, check your bank account, and your entire savings are gone. Vanished. It’s not a nightmare, it’s the devastating reality of ACH fraud, and it’s happening more than ever. In 2025, the digital age has brought incredible convenience, but it’s also a playground for cybercriminals targeting your hard-earned cash.
ACH Fraud Exploding in 2025: Is Your Bank Account Safe? Read More »
Newark, NJ – Teresina DeAlmeida, a 59-year-old former assistant dean at a graduate school in Essex County, New Jersey, has been sentenced to 36 months in prison for orchestrating an elaborate fraud scheme that spanned over a decade. DeAlmeida, along with her co-conspirators Rose Martins (her assistant) and Silvia Cardoso (her sister), siphoned over $1.3
Consulting giant implicated in widespread corruption, highlighting the need for greater transparency and accountability. Johannesburg, South Africa – McKinsey & Company Africa (Pty) Ltd finds itself at the center of a massive corruption scandal in South Africa, agreeing to pay over $122 million to resolve a U.S. Justice Department investigation. This case, deeply intertwined with
McKinsey Africa Pays $122 Million to Resolve Bribery Scheme in South Africa Read More »
Cory Zeidman Admits to Orchestrating Multi-Million Dollar Fraud Targeting Vulnerable Sports Bettors Central Islip, NY – A sophisticated sports betting scam reminiscent of the high-pressure tactics depicted in “The Wolf of Wall Street” has been brought to justice. Cory Zeidman, 63, of Boca Raton, Florida, pleaded guilty today to federal charges of conspiracy to commit
MIAMI – Johanna Michely Garcia, the former Chief Executive Officer of MJ Capital Funding, LLC, was sentenced to 240 months (20 years) in prison today for her role in a massive Ponzi scheme. Garcia, 41, from Broward County, Florida, pleaded guilty to conspiracy to commit mail and wire fraud. The scheme involved fraudulently soliciting approximately
MJ Capital Funding CEO Sentenced to 20 Years for $190 Million Ponzi Scheme Read More »
GAINESVILLE, Ga. – Michael Mayfield, a 55-year-old former environmental manager at the Mars Wrigley factory in Flowery Branch, Georgia, has been sentenced to three years in prison for defrauding his employer of over $1.2 million. Mayfield pleaded guilty to devising a complex scheme that involved diverting company checks, creating false invoices, and exploiting his position
Jacksonville, FL – A complex web of deceit involving telemarketers, rogue doctors, and unscrupulous pharmacy owners has unraveled in a Florida courtroom, resulting in federal prison sentences for four men who orchestrated a staggering $54.3 million Medicare fraud scheme. U.S. District Judge Timothy J. Corrigan delivered the sentences, which include prison time, hefty fines, and
Inside a Massive Medicare Fraud Operation in Florida Read More »
Savannah, GA – GAF Materials Corporation Manager Indicted for Elaborate Wire Fraud Scheme Savannah, GA – A former manager at GAF Materials Corporation in Savannah is facing serious federal charges for allegedly orchestrating a complex scheme to defraud the company of over $1.3 million. John Laakso, 56, of Sarasota, Florida, was indicted on four counts
GAF Manager Accused of $1.3 Million Wire Fraud Scheme Read More »
