Bank Fraud

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

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 with a scheme to fraudulently obtain more than $7 million in Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loans (EIDL) and pre-pandemic Small Business Administration (SBA) loans, and to launder the proceeds of the illegal scheme. The Indictment alleges that, beginning in about January ... Read more

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

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 King, a/k/a “Germaine Howard,” 43, of Elizabeth, New Jersey, was convicted for his role in a scheme to defraud banks and other lenders using phony money orders to fraudulently discharge a $400,000 mortgage, to fraudulently obtain two Mercedes Benz (one 2007 and one 2010) cars, ... Read more

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

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 failing to file a tax return. Appearing before U.S. District Court Judge William E. Smith, Doyle admitted to the Court that as owner of Doyle Respiratory, LLC and Doyle Sleep Solutions, LLC, he engaged in $74 million dollars in worthless bank transactions executed in check-kiting ... Read more

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

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 was unsealed charging Joshua Philips, also known as “Erick Ayo Kalu,” “Anthony Abongile Baker” and “Johnson Foday Brown,” with conspiring to commit wire and bank fraud and conspiring to commit money laundering, in connection with several business email compromise and confidence fraud scams. Philips was arrested on March 7, 2018, in the Northern District of Georgia and was arraigned this afternoon before United States Magistrate ... 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

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 bank funds by a bank officer and bank fraud and Lavine and Charles L. Tobias, age 56, Potomac, Maryland for conspiracy to defraud the Internal Revenue Service and tax evasion. The indictment was announced by Acting United States Attorney for the District of Maryland Stephen M. Schenning; Special Agent in Charge Gordon B. Johnson of the Federal Bureau of Investigation, Baltimore Field Office; Special Agent ... Read more

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

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 has pleaded guilty in federal court to a scheme to use stolen mail and stolen identities to cash fraudulent checks at area banks. Chrystal Lynn Bernstein, 27, of Osage Beach, pleaded guilty before U.S. Magistrate Judge William A. Knox on Tuesday, May 9, 2017, to one count of bank fraud and one count of aggravated identity theft. Bernstein admitted that she engaged in a scheme ... Read more

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

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, charges Moiz Mumtaz Ali, 36, of McKinney, Texas, with offenses related to his role in fraudulently obtaining and cashing 3,423 U.S. Treasury checks totaling approximately $16 million, announced John Parker, U.S. Attorney for the Northern District of Texas. Specifically, Ali is charged with one count of conspiracy to commit bank fraud, twenty-six counts of bank fraud, one count of theft of public money and property, ... Read more

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

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 today to his role in a bank fraud conspiracy in which he operated a flop house where he paid drug addicts for stolen identity information that was used to create counterfeit checks. Tyler Sutton, 54, of Kansas City, pleaded guilty before U.S. Chief District Judge Greg Kays to participating in a conspiracy to commit bank fraud, possession of counterfeit securities, possession of stolen mail, and ... Read more

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

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 Jose Miguel Tapia, age 30, of Baltimore, to five years in prison, followed by five years of supervised release, for bank fraud and aggravated identity theft arising from several schemes in which Tapia fraudulently obtained over $130,000.  Chief Judge Blake also entered an order requiring Tapia to pay restitution in the full amount of the victims’ losses, which is $132,548.85. The sentence was announced by ... Read more

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

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 at public real estate foreclosure auctions in Georgia, the Department of Justice announced today. Jeffrey Wayne Brock, David Wallace “Chuck” Doughty, and Stanley Ralph Sullivan each admitted that they agreed to rig auctions of foreclosed homes in Cobb County from June 2007 until January 2012.  According to court documents filed in the U.S. District Court for the Northern District of Georgia, Brock, Doughty, Sullivan and ... Read more

Bruce Swisshelm Pleaded Guilty to Bank Fraud and Money Laundering

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 his son pleaded guilty in federal court today, in two separate but related cases, to their roles in a more than $5.5 million bank fraud scheme. Bruce Swisshelm, 68, of Battlefield, Mo., and his son, Bruce Swisshelm II, 43, of Springfield, pleaded guilty in separate appearances before U.S. Magistrate Judge David P. Rush. Swisshelm pleaded guilty to bank fraud and money laundering. Swisshelm II pleaded ... Read more

Pennsylvania Man Sentenced for Fraud and Tax Charges

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 included fraud and tax charges.  On November 5, 2015, a federal jury found Fattah, Jr., guilty of bank fraud; making false statements to banks to obtain loans; making false statements to banks and the Small Business Administration to settle loans for less than what was owed; filing false federal income tax returns for tax years 2005, 2006, and 2008; failing to pay federal income tax; ... Read more

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

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, restitution of $1,872,935 and a fine of $25,000, on his convictions of conspiracy to commit bank fraud and filing a false tax return, United States Attorney David J. Hickton announced today. United States District Court Judge Arthur J. Schwab imposed sentence upon Joseph Nocito, Jr. of Sewickley, Pennsylvania. According to information presented to the Court, Nocito knowingly and willfully conspired with other individuals to commit ... Read more

Karen Galstian Was Sentenced For Two Fraud Schemes

Man Sentenced to More Than Eight Years in Prison for two Fraud Schemes, Including one that Cost Verizon $17 Million Assistant U. S. Attorneys Joseph Green (619) 546-6955 and Jennifer Resnik  (213) 894-6595 SAN DIEGO – The owner of a Glendale-based ride-sharing business was sentenced in federal court today to more than eight years in prison in two separate fraud cases, including one involving the sale of more than 30,000 Apple iPhones fraudulently obtained from Verizon Wireless at substantially discounted prices. Karen “Kevin” Galstian, 38, of Chatsworth, California, was sentenced by U.S. District Judge Barry Ted Moskowitz to 100 months in the ... Read more

Examples of Financial Fraud: FBI and Department Of Justice Investigations 2016

These examples of financial fraud are exposed by the FBI and Department of Justice, those cases were executed in 2016 and are the most important. Leader of Multi-Million Dollar Bank ‘Bustout’ Scheme that used Counterfeit Checks Sentenced On May 19, 2016, in Los Angeles, California, Jae Ho Chung was sentenced to 63 months in prison and ordered to pay nearly $2.1 million in restitution to a variety of banks. Chung pleaded guilty in October 2015 to two counts of bank fraud. According to court documents, the overall scheme involved approximately $15 million in losses, but Chung was directly involved in ... Read more

JOSEPH HAL KINLAW, JR. Pleads Guilty To Bank Fraud

Bald Head Island Attorney And Real Estate Developer Pleads Guilty To Bank Fraud RALEIGH – The United States Attorney’s Office announced that today in federal court, JOSEPH HAL KINLAW, JR., 63, of Bald Head Island, North Carolina, pled guilty to Bank Fraud. Based upon the Criminal Information and evidence offered at the time of KINLAW’s guilty plea, KINLAW was a licensed North Carolina attorney who operated various alleged real estate investment and development entities on behalf of investors.  KINLAW used the entities to obtain real estate development loans from Branch Banking and Trust (BB&T), and First Citizens Bank.  BB&T and First ... Read more

Bank Account:Defended From Fraud and Scams

Learn hоw tо avoid bесоmіng а victim оf fraud bank account аnd learn hоw tо spot scams. Bank Account Fraud Bank Account Fraud and Scams Bank Account Fraud: Whісh Arе Pathways Typically, ѕоmеоnе уоu don’t knоw approaches уоu wіth а request thаt involves cashing а check оr depositing іt іntо your bank account аnd thеn asks уоu tо uѕе а portion оf thаt money fоr whаt appears tо bе а legitimate purpose. Scammers аrе counting оn уоu tо bеlіеvе thаt оnсе уоu deposit оr cash а check, іt hаѕ “cleared” аnd саnnоt bе returned unpaid. Whеn уоu deposit оr cash ... Read more