Investment Fraud; Financial Fraud
Fraud News From World

Investment Fraud: Howard Leventhal Sentenced For Million Fraud Scheme

December 6, 2016 FraudsWatch 0

Canadian Deputy Health Minister Impersonator Sentenced To 60 Months’ Imprisonment In $26 Million Fraud Scheme BROOKLYN, NY – Earlier today, Howard Leventhal, the President, Chief Executive Officer and Chief Technology Officer of mHealth Technologies Corp., formerly named Neovision USA, Inc. (Neovision), was sentenced by United States District Judge [Read More…]

Investment Fraud; Financial Fraud
Fraud News From World

Investment Fraud: JONATHAN LY Guilty to Insider Trading

December 5, 2016 FraudsWatch 0

Former Expedia IT Support Worker Pleads Guilty to Insider Trading Used Computer Network Credentials to Access Company Emails to Trade on Non-Public Information A computer support technician formerly employed at Expedia offices in San Francisco pleaded guilty today in U.S. District Court in Seattle to securities fraud, announced [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: Chad Ducey and Two Other Individuals Was Sentenced For Multi-Million-Dollar Fraud Schemes of Imperial Petroleum Inc.

December 5, 2016 FraudsWatch 0

CEO of publicly traded company along with two others sent to federal prison Defrauded biodiesel purchasers and shareholders INDIANAPOLIS – United States Attorney Josh Minkler and Assistant Attorney General John C. Cruden for the Department of Justice’s Environment and Natural Resources Division announced today the sentencing of two [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: NANDU THONDAVADI – CEO of Schaumburg-based Quadrant 4 System Corp.- Charged with One Count of Willfully Certifying False Financial Reports

November 30, 2016 FraudsWatch 0

CEO of Schaumburg Consulting Firm Arrested on Fraud Charges for Misrepresenting Company’s Financial Condition CHICAGO — The chief executive of a publicly-traded consulting firm has been charged in federal court with fraudulently misrepresenting the company’s financial condition and lying to regulators. NANDU THONDAVADI, the CEO of Schaumburg-based Quadrant [Read More…]

Financial Fraud;Claims Act Scam;
Fraud News From World

Claims Act Scam: Bechtel National Inc., Bechtel Corp., URS Corp. and URS Energy, Have Agreed to Pay $125 Million to Resolve Allegations Under the False Claims Act

November 24, 2016 FraudsWatch 0

The United States Settles Lawsuit Against Energy Department Contractors for Knowingly Mischarging Costs on Contract at Nuclear Waste Treatment Plant The Justice Department announced today that Bechtel National Inc., Bechtel Corp., URS Corp. (predecessor in interest to AECOM Global II LLC) and URS Energy and Construction Inc. (now [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: Owners Of PLCMGMT LLC dba Prometheus Pleaded Guilty to Defrauding Investors of Multi-Million Dollar Securities Fraud

November 23, 2016 FraudsWatch 0

Founder of Litigation Marketing Company Guilty of Multi-Million Dollar Securities Fraud Assistant U.S. Attorneys Aaron P. Arnzen (619) 546-8384 and SAN DIEGO – David Aldrich pleaded guilty in federal court today to defrauding investors through litigation marketing company PLCMGMT LLC dba Prometheus.  Aldrich admitted that he conspired with [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: Patricia Webb of Lee’s Summit Pleaded Guilty to Three Counts of Wire Fraud and One Count of Aggravated Identity Theft

November 22, 2016 FraudsWatch 0

Lee’s Summit Woman Pleads Guilty to $1.5 Million Embezzlement Schemes, Identity Theft KANSAS CITY, Mo. – Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Lee’s Summit, Mo., woman pleaded guilty in federal court today to a series of embezzlement schemes totaling more [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: Two Individuals Sentenced for Stealing Their Deceased Parent’s Government Benefits

November 22, 2016 FraudsWatch 0

Two Georgia Men Sentenced for Stealing Government Benefits ATLANTA – John W.  Jackson, Jr., and Corry Sandlin, have been sentenced in federal district court for stealing their deceased parent’s government benefits.  Each defendant lied to the government about their parent’s deaths, and continued to receive benefits destined for [Read More…]

Financial Fraud; Mortgage Fraud; Insurance Scam;
Fraud News From World

Mortgage Scam: Ally Financial Inc. Agreed To Pay For 10 Subprime Residential Mortgage-Backed Securities (RMBS)

November 22, 2016 FraudsWatch 0

Ally Financial Agrees to Pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities LOS ANGELES – Ally Financial Inc. has agreed to pay the United States $52 million to settle allegations that its subsidiaries acted improperly in relation to 10 subprime residential [Read More…]

Loan Fraud, Financial Fraud
Fraud News From World

Loan Fraud: Jeffrey Spanier – Owner of Amerifund Capital Finance, LLC – Convicted For Elaborate Stock-Loan Fraud Scheme

November 22, 2016 FraudsWatch 0

Owner of Stock Lending Firm Convicted by Jury in $100 Million Stock-Loan Fraud Scheme For Further Information, Contact: Assistant U.S. Attorney Joseph J.M. Orabona (619)546-7951or Assistant U.S. Attorney Michael G. Wheat (619) 546-8437 SAN DIEGO – Jeffrey Spanier, a 51-year-old former owner of Amerifund Capital Finance, LLC located [Read More…]

Wire Fraud And Money Laundering
Fraud News From World

Financial Fraud: For Individuals Convicted For Conspiracies to Commit Wire Fraud and Money Laundering

November 21, 2016 FraudsWatch 0

Four Conspirators Convicted for Defrauding Victims of Millions of Dollars Members of the Conspiracy Formed Online Romantic Relationships to Entice Victims To Provide Money Greenbelt, Maryland – A federal jury convicted the following defendants late on November 18, 2016, for conspiracies to commit wire fraud and money laundering [Read More…]

Financial Fraud
Fraud News From World

Financial Fraud: MAURICE SESSUM, JIMMY STOKES And TACOBY THOMAS Sentenced For Million Fraudulent Debt Collection Scheme

November 19, 2016 FraudsWatch 0

Chief Financial Officer And Manager Plead Guilty And Another Manager Sentenced In $31 Million Fraudulent Debt Collection Scheme All 14 Defendants Have Now Pled Guilty in Largest Debt Collection Scheme Ever Prosecuted Preet Bharara, the United States Attorney for the Southern District of New York, announced that MAURICE [Read More…]

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