Financial Fraud

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

June 11, 2016 FraudsWatch 0

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, […] Read More

Richard Altomare Sentenced For His Participation In A Securities Fraud “Pump And Dump” Scheme

June 11, 2016 FraudsWatch 0

Former CEO Of Publicly Traded Company Sentenced In Securities Fraud Scheme Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and George L. Piro, Special Agent in Charge, Federal Bureau of Investigation […] Read More

Karen Galstian Was Sentenced For Two Fraud Schemes

June 11, 2016 FraudsWatch 0

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 […] Read More

Jae Ho Chung Sentenced For Multi-Million Dollar Bank ‘Bustout’ Scheme that used Counterfeit Checks

June 11, 2016 FraudsWatch 1

Leader of Multi-Million Dollar Bank ‘Bustout’ Scheme that used Counterfeit Checks Sentenced to over 5 Years in Federal Prison LOS ANGELES – A West Los Angeles man who masterminded a bank account ‘bustout’ scheme that […] Read More

Rosa E. Castrillón-Sánchez Was Sentenced To Defraud Individuals And Financial Institutions

June 11, 2016 FraudsWatch 0

Puerto Rico Resident Sentenced to More Than 13 Years in Prison for Bank Fraud Scheme On April 4, 2016, Rosa E. Castrillón-Sánchez, a resident of Puerto Rico, was sentenced to 159 months in prison, to […] Read More

Bois D’Arc Sentenced For Bank Fraud Related to $1.6 Million Home

June 11, 2016 FraudsWatch 0

Jury Convicts Bois D’Arc Man of Bank Fraud Related to $1.6 Million Home SPRINGFIELD, Mo. – Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Bois D’Arc, Mo., business owner […] Read More

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

June 11, 2016 FraudsWatch 0

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 […] Read More

Geoffrey W. Nehrenz Sentenced for Defrauding Investors out of $5.6 Million

June 8, 2016 FraudsWatch 0

Uniontown man sentenced to nearly five years in prison for defrauding investors out of $5.6 million A Uniontown man was sentenced to nearly five years in prison for operating a scheme in which 19 investors lost approximately […] Read More

Angelo Alleca Pleads Guilty to Orchestrating a Multi-Million Dollar Fraud Scheme

May 28, 2016 FraudsWatch 0

Former CEO of Summit Wealth Management Pleads Guilty to Orchestrating a Multi-Million Dollar Fraud Scheme ATLANTA – Angelo Alleca, the former CEO of Atlanta, Georgia, based Summit Wealth Management, has pleaded guilty to conspiring with […] Read More

Myrick Clift Beasley Was Sentenced For ID Theft Scheme

May 14, 2016 FraudsWatch 0

Corporate Hijacker Sentenced in $1.4 Million ID Theft Scheme ALEXANDRIA, Va. – Myrick Clift Beasley, 56, of Las Vegas, was sentenced today to 60 months in prison for mail fraud in connection with a scheme […] Read More

Orchestrator Of More Than 40 Pump And Dump Schemes And Secret Owner Of Offshore Brokerage Firm Pleads Guilty

Gregg R. Mulholland – Orchestrator Of More Than 40 Pump And Dump Schemes And Secret Owner Of Offshore Brokerage Firm

May 10, 2016 FraudsWatch 0

Orchestrator Of More Than 40 Pump And Dump Schemes And Secret Owner Of Offshore Brokerage Firm Pleads Guilty To$250 Million Money Laundering Scheme Defendant Used Offshore Shell Companies in Belize and the West Indies to […] Read More

Nevada Man Charged In $5 Million Investment Fraud Scheme

Lee Vaccaro Charged In $5 Million Investment Fraud Scheme

May 8, 2016 FraudsWatch 0

Nevada Man Charged In $5 Million Investment Fraud Scheme NEWARK, N.J. – A Nevada man was arrested today and charged with defrauding investors out of more than $5 million dollars, U.S. Attorney Paul J. Fishman […] Read More

Financial Fraud: Believe it Or Not You Have Been Had!

April 29, 2016 FraudsWatch 0

The effects of fraud can be felt throughout our economy. Tax fraud can lead to higher tax rates and \ or lower amounts of services citizens receive. Business fraud can lead to higher prices for […] Read More

Financial Fraud: Lottery Fraud – Scammers Target the Elderly

April 9, 2016 FraudsWatch 2

Scammers Target the Elderly The telephone call came from out of the blue. The man on the line told the 83-year-old retired schoolteacher she had won a substantial lottery prize. All that was required to […] Read More

Financial Fraud: Pharmaceutical Executive Sold Fake Stock in Medical Research Company

April 3, 2016 FraudsWatch 0

Pharmaceutical Executive Defrauds Investors Out of Millions by Selling Fake Stock in Medical Research Company Greg Ruehle liked to gamble—the only problem was that he did it with other people’s money. In the process, the […] Read More

Financial Fraud: Avoid and What Is ?

July 14, 2015 FraudsWatch 0

What Iѕ Financial Fraud? It’s surprising tо find thаt mоѕt people rеаllу don’t understand whаt fraud is. Sure, thеу hear аbоut it, uѕuаllу оn а grand scale, but thеу don’t understand whаt rеаllу hарреnѕ аnd […] Read More