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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
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
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
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
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
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 time of peace, relaxation, and enjoyment. Sadly, for a growing number of senior citizens, it’s becoming a period of vulnerability
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
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
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
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