Bank Fraud

Texas-based Murex Management pleads guilty to $1.2 billion fraud scheme involving First NBC Bank, featuring 3D security chains, financial fraud, bank fraud, ethanol fraud

Survey Note: Detailed Analysis of Murex Management’s Financial Fraud Case

July 13, 2025 FraudsWatch

Introduction and Background This survey note provides a comprehensive analysis of the recent guilty plea by Murex Management, Inc. (MMI), a Plano, Texas-based company, on June 10, 2025, for aiding and abetting financial fraud. The […] Read More

Fraud News From World

Chicago Businessman Convicted in $55 Million Fraud Scheme Targeting COVID-19 Relief Funds and Financial Institutions

July 2, 2025 FraudsWatch

Federal Jury Finds Rahul Shah Guilty of Bank Fraud, Money Laundering, and Aggravated Identity Theft in Landmark Case Chicago, IL – July 2, 2025 – A federal jury has convicted Rahul Shah, a 56-year-old Evanston, Illinois, […] Read More

Alex Murdaugh and Russell Laffitte in court.

Former Banker Russell Laffitte Pleads Guilty to Multiple Federal Fraud Charges in Murdaugh-Related Case

April 20, 2025 FraudsWatch

CHARLESTON, S.C. — — In a significant development in the sprawling financial saga connected to convicted murderer Alex Murdaugh, former Palmetto State Bank (PSB) Chief Executive Officer Russell Lucius Laffitte, 54, of Estill, South Carolina, […] Read More

Conceptual image of hands reaching for COVID-19 relief funds, symbolizing PPP and EIDL loan fraud.

COVID-19 Relief Fraud: The Case of Casie Hynes and the $2 Million+ Scheme – A Deep Dive into Pandemic Loan Abuse

March 2, 2025 FraudsWatch

The COVID-19 pandemic brought unprecedented economic challenges, prompting the US government to launch massive relief programs like the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. These initiatives, designed to keep […] Read More

Extradited Suspect Faces Charges in $60 Million International Bank Fraud and Money Laundering Ring: Erick Jason Victoria-Brito Arraigned in New York

January 29, 2025 FraudsWatch

NEW YORK, NY – In a significant victory for law enforcement against complex international financial crimes, Erick Jason Victoria-Brito, a 30-year-old resident of Hollywood, Florida, has been extradited from the Dominican Republic to the United […] Read More

Elder Financial Abuse: A Growing Threat to Seniors’ Savings and Security

December 23, 2024 FraudsWatch

Elder financial abuse is a devastating form of bank fraud targeting vulnerable seniors. Learn to recognize the signs, protect your loved ones, and fight back against this growing crime. The golden years should be a […] Read More

Counterfeit Check Prevention in 2025: A Guide to Safeguarding Your Finances

December 15, 2024 FraudsWatch

Counterfeit checks remain a persistent threat in the modern financial landscape. As technology advances, so do the methods employed by fraudsters to replicate legitimate checks with deceptive accuracy. In 2025, proactive measures are crucial to […] Read More

Fraud

Financial Fraud: Barrie Osborne Was Charged By Indictment With Conspiracy to Commit Wire And Bank Fraud And Loan Fraud Scheme

November 28, 2021 FraudsWatch

PHILADELPHIA – United States Attorney Jennifer Arbittier Williams and Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division announced that Barrie Osborne, 76, of Celebration, Florida, was charged by Indictment with […] Read More

Financial Fraud: Germaine Howard And Daniel D. Dxrams Convicted For His Role In a Scheme To Defraud Banks

June 21, 2019 FraudsWatch

Two New Jersey Men Found Guilty in Phony Debt Elimination Scheme NEWARK, N.J. – Two individuals were found guilty today for their respective roles in using phony monetary instruments to obtain luxury vehicles and other […] Read More

Fraud News From World

Financial Fraud: James E. Doyle Pleaded Guilty To Thirty-One Counts Of Bank Fraud

September 28, 2018 FraudsWatch

Former State Senator, RI Businessman Pleads Guilty to Bank Fraud, Tax Crimes PROVIDENCE, RI – Former Rhode Island State Senator and businessman James E. Doyle, III, 46, of Pawtucket, today pleaded guilty in U.S. District […] Read More

Financial Fraud: Joshua Philips Indicted In Bank Fraud And Conspiring to Commit Money Laundering

March 13, 2018 FraudsWatch

Defendant Indicted in Brooklyn Federal Court for Transnational Cyber Scam Defendant Stole More Than $800,000 through Email Compromise Scheme, and Wired Illicit Proceeds to Conspirators Overseas Earlier today, in federal court in Brooklyn, an indictment […] Read More

Financial Fraud: David H. Lavine And Charles L. Tobias Indicted on Charges of Theft of Bank Funds By a Bank Officer And Bank Fraud

September 28, 2017 FraudsWatch

Former Bank President Indicted For Stealing From His Own Bank Baltimore, Maryland – On September 26, 2017, a federal grand jury indicted David Harris Lavine, age 58, of Rockville, Maryland, on charges of theft of […] Read More

Financial Fraud: Chrystal Lynn Bernstein Pleaded Guilty to One Count of Bank Fraud And Aggravated Identity Theft

May 10, 2017 FraudsWatch

Osage Beach Woman Pleads Guilty to Stolen Mail, Bank Fraud Scheme JEFFERSON CITY, Mo. – Tom Larson, Acting United States Attorney for the Western District of Missouri, announced today that an Osage Beach, Mo., woman […] Read More

Financial Fraud: Moiz Mumtaz Ali Charged With Commit Bank Fraud, Theft of Public Money, And Aggravated Identity Theft

April 24, 2017 FraudsWatch

Federal Grand Jury Indicts McKinney Man Charged With Fraudulently Obtaining and Cashing $16 Million in U.S. Treasury Checks DALLAS – An indictment returned by a federal grand jury in Dallas last week, and unsealed today, […] Read More

Financial Fraud: Tyler Sutton Guilty In Bank Fraud Conspiracy And Stolen Identity

September 20, 2016 FraudsWatch

KC Man Pleads Guilty to Bank Fraud Conspiracy KANSAS CITY, Mo. – Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Kansas City, Mo., man pleaded guilty in federal court […] Read More

Financial Fraud: Jose Miguel Tapia Sentenced For Bank Fraud And Aggravated Identity Theft

September 20, 2016 FraudsWatch

Baltimore Fraudster Sentenced To Five Years In Federal Prison For Bank Fraud And Aggravated Identity Theft Committed Multiple Fraud Schemes Over a Four-Year Period Baltimore, Maryland – Chief U.S. District Judge Catherine C. Blake sentenced […] Read More

Real Estate Investors Pleaded Guilty for their Roles in Bid-Rigging and Fraud Conspiracies

July 3, 2016 FraudsWatch

Three Georgia Real Estate Investors Plead Guilty to Bid Rigging and Bank Fraud at Public Home Foreclosure Auctions Three Georgia real estate investors pleaded guilty today for their roles in bid-rigging and fraud conspiracies committed […] Read More

Bruce Swisshelm Pleaded Guilty to Bank Fraud and Money Laundering

June 11, 2016 FraudsWatch

Springfield Area Business Owner, Son Plead Guilty to $5.5 Million Fraud Scheme SPRINGFIELD, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that the owner of several Springfield, Mo., area restaurants and […] Read More

Pennsylvania Man Sentenced for Fraud and Tax Charges

June 11, 2016 FraudsWatch

Chaka Fattah, Jr., Sentenced To Five Years In Prison For Fraud And Tax Charges PHILADELPHIA – Chaka Fattah, Jr., 33, of Philadelphia, PA, was sentenced today to 60 months in prison for 22 counts that […] Read More

Joseph Nocito Sentenced For Commit Bank Fraud and Filing a False Tax Return

June 11, 2016 FraudsWatch

Allegheny County Businessman Sentenced to 16 Months in Prison for Fraud Scheme PITTSBURGH – An Allegheny County businessman was sentenced today in federal court to sixteen months imprisonment, followed by two years of supervised release, […] Read More