Mortgage Fraud
Fraud News From World

Financial Fraud: Credit Suisse Made False and Irresponsible Representations About Residential Mortgage-Backed Securities

January 18, 2017 FraudsWatch 0

Credit Suisse Agrees to Pay $5.28 Billion in Connection with its Sale of Residential Mortgage-Backed Securities The Justice Department announced today a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 [Read More…]

Healthcare Fraud
Fraud News From World

Healthcare Fraud: Nicholas and Gregory Melehov Have Agreed To Pay to Resolve Allegations Concerning Inflated Medicare Claims for Ambulance Transports

January 17, 2017 FraudsWatch 0

Family-Owned Ambulance Company to Pay $12.7 Million to Resolve False Claims Allegations BOSTON – The U.S. Attorney’s Office announced that Medstar Ambulance, Inc., four of its subsidiaries, and its two owners, Nicholas and Gregory Melehov, have agreed to pay $12.7 million to resolve allegations concerning inflated Medicare claims [Read More…]

Healthcare Fraud
Fraud News From World

Healthcare Fraud: Baxter Healthcare Corporation (Baxter) Pay For Resolve Its Criminal And Civil Liability Arising

January 17, 2017 FraudsWatch 0

Baxter Healthcare Corporation To Pay More Than $18 Million To Resolve Criminal And Civil Liability Relating To Sterile Products Company Failed to Follow Good Manufacturing Practices in North Carolina Facility WASHINGTON – Healthcare company Baxter Healthcare Corporation (Baxter) has agreed to pay $18.158 million to resolve its criminal [Read More…]

Investment Fraud
Fraud News From World

Investment Fraud: Moody’s Investors Service Inc., Moody’s Analytics Inc. And Their Parent Agree To Pay For Worst Financial Crisis Since the Great Depression

January 14, 2017 FraudsWatch 0

Justice Department and State Partners Secure $864 Million Settlement With Moody’s Arising From Conduct In The Lead Up To The Financial Crisis Historic Settlement Involves Commitment by Moody’s to Improve Business Practices NEWARK, N.J. – The U.S. Department of Justice, 21 other states, and the District of Columbia [Read More…]

Healthcare Fraud
Fraud News From World

Healthcare Fraud: Family Care Visiting Nurse and Home Care Agency, LLC Charged and Pay $5.25 Million For Submit Fraudulent Claims

January 12, 2017 FraudsWatch 0

Connecticut Home Health Agency and its Owners Pay $5.25 Million to Settle False Claims Act Violations United States Attorney Deirdre M. Daly and Connecticut Attorney General George Jepsen today announced that Family Care Visiting Nurse and Home Care Agency, LLC (Family Care VNA), and David A. Krett and [Read More…]

Identity Theft
Fraud News From World

Identity Theft: Martin Aleksandrov Enev Sentenced For Possession Equipment With the Intent to Defraud, and Identity Theft

January 10, 2017 FraudsWatch 0

Bulgarian National Sentenced to Federal Prison for Possession of a Device to Make Fraudulent Credit and Debit Cards Defendant Believed to Be Part of an Ongoing International Identity Theft Ring Baltimore, Maryland – U.S. District Judge Richard D. Bennett sentenced Martin Aleksandrov Enev, age 27, a Bulgarian national [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: John Edward Taylor Charged With One Count of Wire Fraud, Bank Fraud and Aggravated Identity Theft

January 4, 2017 FraudsWatch 0

Alleged Confidence Man Charged With Luring Victims Through Matchmaking And Networking Sites To Commit Fraud And Identity Theft John Edward Taylor Allegedly Masqueraded as a Millionaire and Businessman to Romance Victims, Steal Their Identifying Information, and Use Their Bank Accounts and Credit to Fund His Daily Expenses. Preet [Read More…]

Financial Fraud
Fraud News From World

Financial And Tax Fraud: CHRISTOPHER A. JANSEN – President of Baytree Investors Inc. – Charges of Wire Fraud And Evading Income Taxes

December 29, 2016 FraudsWatch 0

Former President of St. Charles Company Sentenced to 70 Months in Federal Prison for Wire Fraud and Income Tax Evasion ROCKFORD — The former President of Baytree Investors Inc., a defunct St. Charles company, was sentenced Wednesday by U.S. District Judge Frederick J. Kapala. CHRISTOPHER A. JANSEN, 64, [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: United Shore Financial Services LLC (USFS) Pay For Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending

December 29, 2016 FraudsWatch 0

United Shore Financial Services LLC Agrees To Pay $48 Million To Resolve Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending WASHINGTON – United Shore Financial Services LLC (USFS) has agreed to pay the United States $48 million to resolve allegations that it violated the False Claims [Read More…]

Cyber Crime
Fraud News From World

Cyber Crime: IAT HONG, BO ZHENG, and CHIN HUNG Charged With Devising and Carrying Out a Scheme to Enrich Themselves by Obtaining And Trading on Material, Nonpublic Information

December 27, 2016 FraudsWatch 0

Manhattan U.S. Attorney Announces Arrest of Macau Resident and Unsealing of Charges Against Three Individuals for Insider Trading Based On Information Hacked from Prominent U.S. Law Firms Iat Hong Arrested On December 25 In Hong Kong On U.S. Insider Trading and Hacking Charges; In Addition to Successful Cyber [Read More…]

Financial Fraud,
Fraud News From World

Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That Defrauded Investors

December 23, 2016 FraudsWatch 0

Leader of $242 Million Investment Fraud Scheme Sentenced to 18 Years in Federal Prison Ponzi Scheme Involved Sale of Medical Debts Baltimore, Maryland – U.S. District Judge James K. Bredar sentenced Richard Shusterman, age 53, of Highland Beach, Florida, today to 18 years in prison, followed by three [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: Umair Hamid Charged with Wire Fraud, Aggravated Identity Theft, and Worldwide “Diploma Mill” Scheme

December 22, 2016 FraudsWatch 0

Manhattan U.S. Attorney Charges Executive Of Axact In $140 Million Diploma Mill Scam Preet Bharara, the United States Attorney for the Southern District of New York, Philip R. Bartlett, Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), and William F. Sweeney Jr., the [Read More…]