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

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, Texas, for his role in orchestrating a fraud scheme that resulted in shareholder losses of over $750 million. Acting Assistant […]

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

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 SAN DIEGO – U.S. Navy Captain Jesus Vasquez Cantu admitted in federal court today that he accepted bribes in the […]

Financial Fraud: Common Investment Frauds

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 to avoid being a victim. If you are the victim of an investment fraud, you can file a complaint with the […]

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

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 defense contractor NEVWEST, Inc. (“NevWest”), pleaded guilty today to improperly aiding and abetting Navy Port Engineer, John Nasshan (charged elsewhere), […]

Financial Fraud: Paul David Ward Indicted For Investment Fraud Scheme

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 operation at the Lebanon, Mo., airport has been indicted by a federal grand jury for a $707,000 investment fraud scheme. […]

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

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 United States $74,453,802 to resolve allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans […]

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

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 to Transmar Commodity Group Ltd. Joon H. Kim, the Acting United States Attorney for the Southern District of New York, […]

Car Insurance Premiums Fraud

Did you commit fraud when you bought car insurance? Americans might agree that auto insurance companies aren’t perfect in regards to deciding how much policyholders should pay in premiums. Most of all of us think our rates should be lower. Yet a study by insurance industry data collector Verisk Stats indicates that – at least […]

Financial Fraud: Benjamin Bland Sentenced For Conspiracy to Commit Wire Fraud, Wire Fraud, And Social Security Fraud

Richmond Business Owner Sentenced To Five And A Half Years In Prison For Fraud In Credit Repair Scheme Baltimore, Maryland – Senior U.S. District Judge J. Frederick Motz sentenced Benjamin Bland, age 41, of Richmond, Virginia, to five and a half years in prison, followed by three years of supervised release for conspiracy to commit […]

Financial Fraud: Mark Ross Weinberg Sentenced For Participating in a Scheme Involving Bogus Gold Contracts

Longtime Con Man Sentenced to 8 Years in Federal Prison for Role in $3 Million Gold Investment Scheme that Bilked 7 Investors LOS ANGELES – A Beverly Hills man who has a long history of swindling investors and admitted most recently to participating in a scheme involving bogus gold contracts – and giving fake gold […]

Student Loan Scam Faced by The Federal Agency

Federal government investigators have halted an alleged student loans debt pain relief scam that bilked more than $11 million from consumers nationwide. Strategic Student Solutions and several related companies inaccurately promised to minimize or eliminate student loans debt and also offered the borrowers no credit repair services, as a swap for upfront fees and monthly […]

Cyber Crime: DANIEL ADEKUNLE OJO Charged With Fraud And Identity Theft Offenses Stemming From a Scheme to Obtain The Personal Identifying Information

Nigerian National Charged in Phishing Scheme that Victimized Glastonbury School Employees Deirdre M. Daly, United States Attorney for the District of Connecticut, Patricia M. Ferrick, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, and Joel P. Garland, Special Agent in Charge of IRS Criminal Investigation in New England, […]

Healthcare Fraud: Tshombe Anderson Pleaded Guilty to One Count of Conspiracy to Commit Health Care Fraud

Dallas Attorney Admits to Role in $26 Million Fraud Conspiracy DALLAS — Tshombe Anderson, 54, of Grand Prairie, Texas, appeared today before Chief U.S. District Judge Barbara M.G. Lynn and pleaded guilty to a scheme he ran along with four of his family members from July 2011 to September 2015 to fraudulently obtain more than […]

Cyber Crime: Maxim Senakh Sentenced to Conspiracy to Commit Wire Fraud And to Violate The Computer Fraud And Abuse Act

Russian Citizen Sentenced to 46 Months in Prison for Involvement in Global Botnet Conspiracy A Russian citizen was sentenced today for his participation in a criminal enterprise that installed and exploited malicious computer software (“malware”) on tens of thousands of computer servers throughout the world to generate millions of dollars in fraudulent payments. Acting Assistant […]

Financial Fraud: William Nelson Charged With One Count of Theft of Funds And Nine Counts of Mail Fraud

Former Procurement Director Of Staten Island District Attorney’s Office Charged With Embezzling Government Funds Defendant Fraudulently Purchased Hundreds of Personal Items in Scheme to Defraud the Richmond County District Attorney’s Office of Over $440,000 A ten-count indictment was unsealed today in the United States District Court for the Eastern District of New York charging William […]

Financial Fraud: Craig Cinelli And Joseph Cinelli Sr., Charged By Indictment With One Count of Conspiracy to Commit Wire Fraud And Five Counts of Wire Fraud

Owners Of Hudson County, New Jersey, Scrap Metal Company Charged With 17-Year Conspiracy To Defraud Customers Former Chief Financial Officer Has Pleaded Guilty to Related Charge NEWARK, N.J. – The owners of Cinelli Iron & Metal Co. (CIMCO) were arrested today and charged with operating a 17-year conspiracy that defrauded customers out of millions of […]

Financial Fraud: Jared Mitchell Sentenced In Securities Fraud For His Role in The Fraudulent Market Manipulation of ForceField Energy Inc.

Forcefield Energy Investor Relations Professional Sentenced To 36 Months In Prison For Role In A $131 Million Market Manipulation Scheme Jared Mitchell, an investor relations professional, was sentenced earlier today to 36 months’ imprisonment, to be followed by three years of supervised release, after having pleaded guilty to securities fraud for his role in the […]

False Claims Act: Atlanta Medical Clinic, And Dr. Timothy Dembowski Have aAreed to Pay For Violated Medicare Rules And The False Claims Act

Atlanta Pain Clinic and its owner agree to pay $250,000 to resolve allegations that they violated the False Claims Act ATLANTA – Atlanta Medical Clinic (“AMC”), which is an Atlanta-based pain management clinic, and Dr. Timothy Dembowski (AMC’s owner), have agreed to pay the United States $250,000 to resolve allegations that they violated Medicare rules […]