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Financial Fraud

Financial Fraud: Craig Cinelli And Joseph Cinelli Sr., Charged By Indictment With One Count of Conspiracy to Commit Wire Fraud And Five Counts of Wire Fraud

Owners Of Hudson County, New Jersey, Scrap Metal Company Charged With 17-Year Conspiracy To Defraud Customers Former Chief Financial Officer Has Pleaded Guilty to Related Charge NEWARK, N.J. – The owners of Cinelli Iron & Metal Co. (CIMCO) were arrested today and charged with operating a 17-year conspiracy that defrauded customers out of millions of […]

Financial Fraud: Anthony J. Klatch II Sentenced For Conspiracy, Securities Fraud, Wire Fraud, and Money Laundering

Tampa Investment Scheme Mastermind Sentenced To More Than Nine Years In Federal Prison Tampa, Florida – U.S. District Judge James D. Whittemore today sentenced Anthony J. Klatch II (36, previously of Tampa) to nine years and seven months in federal prison for wire fraud. The Court also ordered that he serve this sentence consecutive to […]

Financial Fraud: THOMAS HEAPHY, JR., Indicted And Pleaded Guilty to Conspiracy And Tax Offenses Stemming

Long Island Man Pleads Guilty to Conspiracy and Tax Offenses Stemming from Stock “Pump and Dump” Scheme Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that THOMAS HEAPHY, JR., 42, of East Moriches, N.Y., waived his right to be indicted and pleaded guilty today in New Haven federal court to conspiracy […]

Financial Fraud: Prospect Mortgage Company, LLC Agrees To Pay To Resolve False Claims Act Settled Civil Mortgage Fraud

Prospect Mortgage, LLC agrees to pay $4.157 Million to resolve False Claims Act allegations arising from the FHA Mortgage Lending Practices of two of its branches ATLANTA – John A. Horn, U.S. Attorney for the Northern District of Georgia, and Brian J. Stretch, U.S. Attorney for the Northern District of California, announced that the United […]

Financial Fraud: WILLIAM McFARLAND Charged With Wire Fraud, in Connection With a Scheme to Defraud Investors in Fyre Media LLC Company

Manhattan U.S. Attorney Announces Charges Against Individual For Defrauding Investors In Digital Media Company William McFarland Made False Representations to Investors in Fyre Media LLC and the Fyre Festival Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York […]

Financial Fraud: CHRISTOPHER YOUNG & JOSHUA CARLUCCI For Allegedly Conspiring to Obstruct SEC Probe into Sale of Company

Federal Grand Jury in Chicago Indicts Two Former Tech Executives For Allegedly Conspiring to Obstruct SEC Probe into Sale of Company CHICAGO — A federal grand jury in Chicago has indicted two former executives of a Florida technology company for allegedly conspiring to obstruct an investigation by the U.S. Securities and Exchange Commission. CHRISTOPHER YOUNG, […]

Financial Fraud: William M. Apostelos Sentenced For Defrauding Nearly 500 Victims In a $70 Million Ponzi Scheme

Local Businessman Sentenced to 180 Months in Prison for Orchestrating $70 Million Ponzi Scheme Defendant Ordered to Pay More Than $32 Million in Restitution DAYTON – William M. Apostelos, 55, formerly of Springboro, Ohio, was sentenced in U.S. District Court to 180 months in prison for defrauding nearly 500 victims in a $70 million Ponzi […]

Financial Fraud: Anthony J. Atkins Sentenced For Conspiracy to Commit Bank Fraud, Four Counts of False Statements To a Federally Insured Financial Institution

Former Bank President Sentenced to Five Years for Bank Fraud Scheme PENSACOLA, FLORIDA – Anthony J. Atkins, 51, of Eufaula, Alabama, was sentenced yesterday to 63 months in prison and ordered to pay more than $2.4 million in restitution for conspiracy to commit bank fraud, four counts of false statements to a federally insured financial […]