Fraud News From World

A “Fraud News From World” directory is a collection of news articles about fraud and scams from around the world. These directories can be a valuable resource for staying informed about the latest scams and how to protect yourself from them. The directory typically includes information about the scam, such as the type of scam, the target audience, the location of the scam, and the date of the scam. It may also include information about how to protect yourself from the scam, such as how to identify a phishing email or how to report a scam to the authorities.

vulnerability of elderly individuals

Elderly Authors Bilked Out of $44 Million in “Blockbuster Book Deal” Scam

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San Diego, CA – In a shocking case of fraud, a federal grand jury has indicted three individuals for allegedly swindling over 800 elderly authors out of more than $44 million. The scam, orchestrated through a company called PageTurner, Press and Media LLC, preyed on the aspirations of writers by falsely promising lucrative publishing deals […]

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Bollinger Shipyard LLC

Bollinger Shipyard Pays $1 Million to Settle False Claims Act Allegations: A Deep Dive

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Lockport, Louisiana-based Bollinger Shipyard LLC has agreed to a $1,025,000 settlement to resolve allegations of violating the False Claims Act by knowingly employing and billing the U.S. Coast Guard for labor from unauthorized workers. This case highlights the critical importance of compliance with federal contracting regulations, particularly those concerning employment eligibility verification. Let’s delve deeper

Bollinger Shipyard Pays $1 Million to Settle False Claims Act Allegations: A Deep Dive Read More »

Attorney Accused

The Unraveling Trust: David Smerling Accused of Embezzling Millions from Clients in Massachusetts

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BOSTON – A case that strikes at the very heart of professional trust and fiduciary responsibility has rocked the legal and business communities in Massachusetts. David Smerling, a 74-year-old attorney from Lexington, Massachusetts, who also served as a bookkeeper for three local companies, has been arrested and charged with wire fraud, accused of embezzling a

The Unraveling Trust: David Smerling Accused of Embezzling Millions from Clients in Massachusetts Read More »

PharmaLogic Holdings Corporation

PharmaLogic Holdings Corporation Settles False Claims Act Allegations for $350,000, Avoiding Higher NRC Fees

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Baltimore, MD – The recent $350,000 settlement between PharmaLogic Holdings Corporation and the U.S. government over falsely claimed small entity status to the Nuclear Regulatory Commission (NRC) is more than just another False Claims Act case. It’s a window into the intricate, often overlooked, world of regulations governing small businesses in the highly specialized radiopharmaceutical

PharmaLogic Holdings Corporation Settles False Claims Act Allegations for $350,000, Avoiding Higher NRC Fees Read More »

Tax Fraud Scheme Indicted

Two Men Indicted in $3 Million Tax Fraud Scheme Exploiting COVID-Era and Fuel Tax Credits

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ST. PAUL, Minn. – A federal grand jury has indicted two men, Henry Remington Herod, 42, of Minneapolis, and Matthew McDowell, 44, of Port Allen, Louisiana, on charges of orchestrating a complex tax fraud scheme that sought to bilk the U.S. government out of over $3 million. U.S. Attorney Andrew M. Luger announced the 10-count

Two Men Indicted in $3 Million Tax Fraud Scheme Exploiting COVID-Era and Fuel Tax Credits Read More »

Former CEO of CytoDyn Convicted

Nader Pourhassan And Kazem Kazempour Founds Guilty in Elaborate Scheme to Defraud Investors During HIV and COVID-19 Crises

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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

Nader Pourhassan And Kazem Kazempour Founds Guilty in Elaborate Scheme to Defraud Investors During HIV and COVID-19 Crises Read More »

Crypto Scammer

Sean Donnell White Exploits Postal Service and Cryptocurrency Markets in Elaborate Fraud Schemes

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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:

Sean Donnell White Exploits Postal Service and Cryptocurrency Markets in Elaborate Fraud Schemes Read More »

NJ Dean Sentenced in $1.3 Million Fraud Case

Teresina DeAlmeida Sentenced to Prison for $1.3 Million Fraud Scheme at NJ Graduate School

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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

Teresina DeAlmeida Sentenced to Prison for $1.3 Million Fraud Scheme at NJ Graduate School Read More »

McKinsey Africa Pays

McKinsey Africa Pays $122 Million to Resolve Bribery Scheme in South Africa

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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 »

Fraud Targeting Vulnerable Sports Bettors

“Wolf of Wall Street” Tactics Used in Nationwide Sports Betting Scam: Florida Man Pleads Guilty

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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

“Wolf of Wall Street” Tactics Used in Nationwide Sports Betting Scam: Florida Man Pleads Guilty Read More »

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