Financial Fraud

Two Members of Billion-Dollar Venezuelan Money Laundering Scheme Arrested Two alleged participants in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company PDVSA using Miami, Florida real estate and sophisticated false-investment […] Read More

Eight Defendants Indicted for Stock Fraud-Related Offenses Assistant U. S. Attorneys Aaron P. Arnzen (619) 546-8384 and Andrew J. Galvin (619) 546-9721 SAN DIEGO – Eight people, including a San Diego lawyer, were indicted by […] Read More

Former Cabinet Secretary Pleads Guilty to Embezzling Fire Department Funds He stole over $178,790 between 2013 and 2016 from Teays Valley Fire Department In Separate Embezzlement Scheme Wife Embezzles over $75,000 from the Same Fire […] Read More

Owners Of Miami Export Business Sentenced For $100 Million Unlicensed Money Transmitting And International Money Laundering Scheme Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that LUIS DIAZ […] Read More

  Two former executives of Roadrunner Transportation Systems Inc., a publicly traded transportation and trucking company formerly headquartered in Cudahy, Wisconsin, were charged in an indictment unsealed today for their alleged participation in a complex […] Read More

Former Bureau of Prisons Correctional Officer Sentenced to 5 Years in Prison for Participating in Prison-Based Fraud Scheme Ordered to Pay Over $8 Million in Restitution Former Bureau of Prisons (BOP) correctional officer Michael Mazar, […] Read More

Owner Of Payday Lending Enterprise Sentenced To 10 Years In Prison For Orchestrating $220 Million Fraudulent Lending Scheme Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that RICHARD […] Read More

Former Merced County Store Manager Sentenced for Conspiracy to Defraud Government Benefits Program FRESNO, Calif. — Suzy Vang Lo, 41, formerly of Merced, was sentenced today by U.S. District Judge Lawrence J. O’Neill to 21 […] Read More

Western Slope Sovereign Citizen Sentenced to Federal Prison for Bank Fraud and Related Crimes DENVER – Rocky Hutson, age 59, of Grand Junction, Colorado, and a self-proclaimed sovereign citizen, was sentenced to serve 70 months […] Read More

Dominican National Pleads Guilty to International E-Mail Impersonation and Fraud Scam BOSTON – A Dominican national pleaded guilty yesterday in federal court in Boston in connection with a scam in which he and co-conspirators defrauded […] Read More

Hedge Fund Founder, Portfolio Manager, And Trader Charged In Manhattan Federal Court With Mismarking Securities By Hundreds Of Millions Of Dollars Former Hedge Fund Chief Risk Officer and Trader, and Former Salesman at a Broker-Dealer, […] Read More

Former Autonomy CFO Convicted Of Wire Fraud Defendant Defrauded Hewlett-Packard Company of $11.7 Billion During HP’s 2011 Acquisition of Autonomy SAN FRANCISCO – Sushovan Hussain, the former Chief Financial Officer of Autonomy Corporation plc, was […] Read More

School Employee Pleads Guilty to Role in Bribery Scheme Involving VA Program for Disabled Military Veterans WASHINGTON – The financial manager of Atius Technology Institute (“Atius”), a privately owned, non-accredited school specializing in information technology […] Read More

Phoenix Men Sentenced to Prison for Defrauding the Small Business Administration PHOENIX – Yesterday, U.S. District Judge David G. Campbell sentenced Harold Halman, II, 58, and Alexander Schaap, 62, to 36 and 30 months in […] Read More