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

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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 case, detailed in a press release from the U.S. Attorney’s Office, Eastern District of Louisiana, involves a scheme that defrauded

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Federal Fraud Conviction Press Release Image: Courtroom scene with judge, jury, and law enforcement examining financial fraud evidence, including dollar signs and forged documents, symbolizing justice in a high-profile PPP loan fraud case.

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

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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, businessman, for orchestrating a multi-faceted fraud scheme that netted over $55 million from commercial lenders and COVID-19 relief programs, the

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

Alex Murdaugh and Russell Laffitte in court.

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

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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, pleaded guilty today in federal court to orchestrating a years-long scheme with Murdaugh to defraud vulnerable clients and misuse bank

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

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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 businesses afloat and protect jobs, were unfortunately also targeted by fraudsters. The case of Casie Hynes, a 39-year-old woman from

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

Erick Jason Victoria-Brito Extradited

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

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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 States to face charges related to a sprawling bank fraud and money laundering operation that has caused over $60 million

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

Check Prevention

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

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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 protect individuals and businesses from falling victim to this sophisticated form of financial crime. This article will explore key prevention

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

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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 with conspiracy to commit wire and bank fraud, wire fraud, bank fraud, and conspiracy to commit money laundering in connection

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

FraudsWatch.com - Fraud and Scam

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

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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 high value items; one of the defendants was additionally convicted of bankruptcy fraud, U.S. Attorney Craig Carpenito announced. Germaine Howard

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

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

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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 Court in Providence to thirty-one counts of bank fraud and one count each of filing a false tax return and

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