Financial Fraud

Financial Fraud: TIMOTHY W. BURKE Sentenced For Defrauding Distressed Homeowners, And Tax Evasion

April 29, 2017 FraudsWatch 0

Man Who Defrauded Dozens of Distressed Connecticut Homeowners Sentenced to 9 Years in Federal Prison Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that TIMOTHY W. BURKE, also known as “Bill […] Read More

Mortgage Fraud: Oscar Cantalicio Ortiz Guilty to Conspiring to Commit Bank, Mail And Wire Fraud

April 27, 2017 FraudsWatch 0

Fugitive Sought in Mortgage Fraud Scheme HOUSTON – A 53-year-old Houston-area contractor, set for sentencing in a $16 million loan fraud scheme, has now been charged with failing to appear, announced Acting U.S. Attorney Abe Martinez. […] Read More

Financial Fraud: Ignacio Beato Charged In a One Count Criminal Information And Wire Fraud

April 27, 2017 FraudsWatch 0

Hazleton Realtor Charged With Conspiracy SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Ignacio Beato, age 46, of Hazleton, Pennsylvania, was charged in a one count criminal […] Read More

Financial Fraud And Environment: Volkswagen AG Sentenced To Conspiracy to Defraud The United States, Engage in Wire Fraud, And Violate the Clean Air Act

April 22, 2017 FraudsWatch 0

Volkswagen AG Sentenced in Connection with Conspiracy to Cheat U.S. Emissions Tests Volkswagen AG (VW) was sentenced in federal court in Detroit today after pleading guilty on March 10, 2017, to three felony counts of: […] Read More

Financial Fraud: Roman Valeryevich Seleznev Convicted to Steal Credit Card Numbers And Sell Them on Dark Market Websites

April 22, 2017 FraudsWatch 0

Russian Cyber-Criminal Sentenced to 27 Years in Prison for Hacking and Credit Card Fraud Scheme Stole and Sold Millions of Credit Card Numbers – Defrauding Victims of More Than $169 Million WASHINGTON – A 32-year-old […] Read More

Financial Fraud: A&D General Contracting, Inc. (“A&D”) and Action Telecom, Inc. (“Action”) Indicted For Veteran Set-Aside Fraud Scheme

April 22, 2017 FraudsWatch 0

Government Contractors Indicted in $11 Million Veteran Set-Aside Fraud Scheme Assistant U.S. Attorneys Rebecca S. Kanter (619-546-7304) and Aaron P. Arnzen (619-546-8384) SAN DIEGO, CA – Owners of local construction and telecommunications companies were arraigned […] Read More

Financial Fraud: TRAVELL THOMAS Sentenced For Orchestrating a Scheme Through False Threats And Representations

April 21, 2017 FraudsWatch 0

Owner And CEO Of Debt Collection Company Sentenced To 100 Months In Prison For Orchestrating $31 Million Debt Collection Scheme Thousands of Consumers Victimized in Largest Debt Collection Scheme Ever Charged Joon H. Kim, the […] Read More

Financial Fraud: Winfred Moses Pleaded Guilty Conspiracy to Make and Present False, Fictitious, And Fraudulent Claims to The IRS

April 12, 2017 FraudsWatch 0

NEWARK, N.J. – An East Orange, New Jersey, man was sentenced today to 26 months in prison for his role in a conspiracy to file false federal income tax returns on behalf of inmates at […] Read More

Financial Fraud: Fifth Defendant Charged For Cyberattacks, Aggravated Identity Theft and Debit-Credit Card Fraud

April 12, 2017 FraudsWatch 0

LOS ANGELES – The fifth and final defendant charged with using credit and debit cards obtained from a series of cyberattacks on U.S. companies that resulted in an estimated $5 million in losses – and […] Read More

Financial Fraud: Virginia Department of Social Services (VDSS) Pay For Violated the False Claims Act

April 10, 2017 FraudsWatch 0

The Virginia Department of Social Services (VDSS) has agreed to pay the United States $7,150,436 to resolve allegations that it violated the False Claims Act in its administration of the Supplemental Nutrition Assistance Program (SNAP), […] Read More

Financial Fraud: Jorge Maldonado Sentenced for Conspiracy, Wire Fraud, Theft of Government Property, And Aggravated Identity Theft

April 7, 2017 FraudsWatch 0

Tax Preparer Sentenced to 84 Months in Prison in $1.2 Million Tax Refund Fraud Scheme DOJ and IRS Remind Taxpayers to File Timely and Accurate Tax Returns by Tuesday, April 18, 2017 TALLAHASSEE, FLORIDA – […] Read More

Financial Fraud: Group Of Twelve Charged For Role in Fraudulently Obtaining Millions of Dollars in Virtually Untraceable Diamonds

April 6, 2017 FraudsWatch 0

Ten Arrested For Defrauding Victims Out Of More Than $9 Million In Diamonds Schemers targeted victims in New York, Las Vegas, and Mumbai, India Joon H. Kim, the Acting United States Attorney for the Southern […] Read More

Financial Fraud: Edward Ambrosino Charged With Wire Fraud, Tax Evasion, Making And Subscribing to False Corporate Tax Returns

March 31, 2017 FraudsWatch 0

Town Of Hempstead Councilman Edward Ambrosino Indicted For Wire Fraud And Tax Evasion An eight-count indictment was unsealed today in United States District Court for the Eastern District of New York charging Edward Ambrosino with […] Read More

Financial Fraud: Artica-Romero, Joaquin Mejia-Murillo And Milton Noel Romero Charged With Wire Fraud

March 31, 2017 FraudsWatch 0

Three Indicted For Scheme To Facilitate Evasion Of Workers’ Compensation Laws And Employment Of Undocumented Aliens In Construction Industry Jacksonville, Florida – Acting United States Attorney W. Stephen Muldrow announces the unsealing of an <a […] Read More

Financial Fraud: Henry Okpalefe Convicted of Conspiracy to Commit Mail Fraud, Wire Fraud And Money Laundering

March 30, 2017 FraudsWatch 0

Canadian Man Convicted Of Multi-Million Dollar Fraud Targeting U.S. Lawyers HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Henry Okpalefe, age 49, of Toronto, Ontario, Canada, was […] Read More

Financial Fraud: Nita Rae Nirschl Charged In 37 Counts of Money Laundering From Credit Union

March 29, 2017 FraudsWatch 0

Indictment: Credit Union Was Liquidated After Employee Stole More than $5 Million WICHITA, KAN. – A Parsons woman was indicted Tuesday on federal charges of embezzling more than $5 million from a credit union that […] Read More

Financial Fraud: Joshua Knaup – Former Fedex Driver – Sentenced For Stealing Over Half a Million Dollars

March 28, 2017 FraudsWatch 0

Former Fedex Driver Who Set up Fake Hedge Fund Sentenced to 33 Months Assistant U.S. Attorney Andrew J. Galvin (619) 546-9721 NEWS RELEASE SUMMARY – March 27, 2017 SAN DIEGO – Joshua Knaup, the founder […] Read More

Financial Fraud: Dean Volkes And Donna Fallon Convicted on Charges of Mail Fraud, Wire Fraud, Theft of Government Property And Money Laundering Conspiracy

March 24, 2017 FraudsWatch 0

CEO, CFO, and Company Convicted of a $180 Million Scheme to Defraud, Launder Money, and Obstruct Justice PHILADELPHIA – Dean Volkes, 53, and Donna Fallon, 52, of Long Island, NY, and Devos Ltd., doing business […] Read More

Financial Fraud: CHRISTOPHER CERVINO and SHEIK F. KHAN Found Guilty in a Securities Fraud Scheme Involving a Publicly Traded Over-The-Counter Company

March 24, 2017 FraudsWatch 0

Investment Adviser And Broker Found Guilty In Manhattan Federal Court Of Securities Fraud, Wire Fraud, Conspiracy And Aggravated Identity Theft Charges Joon H. Kim, the Acting United States Attorney for the Southern District of New […] Read More

Financial Fraud: EDWARD S. ADAMS Charged With Orchestrating an Elaborate Fraud Scheme to Embezzle Millions of Dollars of Investors

March 23, 2017 FraudsWatch 0

University Law Professor Charged In Multi-Million Dollar Corporate Fraud Scheme Acting United States Attorney Gregory G. Brooker today announced a federal indictment charging EDWARD S. ADAMS, an attorney, and university law professor, with orchestrating an […] Read More