Financial Fraud

Fraud News From World

Financial Fraud: Robin Ann Bertelli Sentenced For One Count of Bank Fraud And One Count Of Aggravated Identity Theft

December 20, 2018 FraudsWatch 0

Woman Sentenced to Seven Years in Federal Prison After Stealing from an Elderly Widow and Her Deceased Son, a Former Navy SEAL Stole Nearly $200,000, Including an Inheritance the Navy SEAL Received After He Reportedly […] Read More

Fraud News From World

Financial Fraud: Group Of 9 Individuals Charged In Romance Scams And Mystery Shopper Schemes

December 20, 2018 FraudsWatch 0

9 Defendants Charged in Chicago in International Investigation Targeting “Romance Scams” and “Mystery Shopper” Schemes CHICAGO — Seven Chicago-area residents are among nine individuals arrested in the United States and Nigeria as part of an […] Read More

Financial Fraud: IAV GmbH (IAV) Plead Guilty To One Criminal Felony Count And His Role In a Long-Running Scheme For Volkswagen AG (VW)

December 18, 2018 FraudsWatch 1

IAV GmbH to Pay $35 Million Criminal Fine in Guilty Plea for Its Role in Volkswagen AG Emissions Fraud IAV GmbH (IAV), a German company that engineers and designs automotive systems, has agreed to plead […] Read More

Fraud News From World

Financial Fraud: Thomas Michael White Convicted In Connection With a Scheme To Fraudulently Raise From Over a Dozen Elderly Victims

December 18, 2018 FraudsWatch 0

Broward County Resident Convicted by Trial Jury of Participating in a Two Million Dollar Securities Fraud Conspiracy Scheme that Targeted the Elderly On December 13, 2018, a Broward County resident was convicted by a federal […] Read More

Fraud News From World

Tax Fraud: Clifford Keith Gwinn Sentenced For Embezzling From The Teays Valley Volunteer Fire Department, As Well As a Related Tax Crime

December 18, 2018 FraudsWatch 0

Former West Virginia Cabinet Secretary Sentenced to Federal Prison for Embezzling Fire Department Funds HUNTINGTON, W.Va. – A Hurricane man and former West Virginia Cabinet Secretary was sentenced today to 37 months in federal prison […] Read More

Fraud News From World

Financial Fraud: JOHN ARNOLD SHELLEY Sentenced For Making a False Statement To The Federal Deposit Insurance Corporation

December 17, 2018 FraudsWatch 0

Former Bank President Sentenced to Prison and Ordered to Pay $137 Million OKLAHOMA CITY – JOHN ARNOLD SHELLEY, 68, of Oklahoma City, has been sentenced to four years in federal prison for making a false […] Read More

Fraud News From World

Financial Fraud: Mark E. Fisher And Joseph F. Capuozzo pled guilty In Dump Securities Fraud Scheme Involving The Shares Of Valentine Beauty, Inc.

December 13, 2018 FraudsWatch 0

Former South Florida Attorney and Stock Promoter Plead Guilty to Conspiracy to Commit Securities Fraud in Relation to Pump and Dump Stock Manipulation Scheme A former South Florida attorney and a stock promoter pled guilty […] Read More

Fraud News From World

Financial Fraud: Scott Charles Maddox And Janice Paige Carter-Smith Have Been Indicted In a Forty-Four Count Indictment For Conspiring To Operate a Racketeering Enterprise

December 12, 2018 FraudsWatch 0

Tallahassee City Commissioner and Political Consultant Charged in Racketeering Conspiracy TALLAHASSEE, FLORIDA – Tallahassee City Commissioner Scott Charles Maddox, 50, and Tallahassee political consultant Janice Paige Carter-Smith, 53, both of Tallahassee, have been indicted in […] Read More

Fraud News From World

Financial Fraud: Group Of Persons Pleads Guilty To Conspiracy To Commit Wire Fraud And Filing a False Tax Return

December 12, 2018 FraudsWatch 0

4TH Florida Man Pleads Guilty In Connection To Multi-Million Dollar Fraud Against Xerox Corporation ROCHESTER, N.Y. – U.S. Attorney James P. Kennedy, Jr. announced that Jason Haynes, of Florida, pleaded guilty before U.S. District Judge […] Read More

Financial Fraud: Alain Kaloyeros Sentenced To Prison For Fraud In Connection With The Rigging Of Bids

December 12, 2018 FraudsWatch 0

Former State University President, Alain Kaloyeros, And Three Corporate Executives Sentenced To Prison For Fraud In Connection With Buffalo Billion Bid-Rigging Geoffrey S. Berman, the United States Attorney for the Southern District of New York, […] Read More

Fraud News From World

Financial Fraud: Emil DiIorio Agreed To Settle Allegations Under The False Claims Act That They Submitted False Claims To Medicare

December 11, 2018 FraudsWatch 0

Coordinated Health and CEO Pay $12.5 Million to Resolve False Claims Act Liability for Fraudulent Billing PHILADELPHIA, PA – United States Attorney William M. McSwain announced today that Coordinated Health Holding Company, LLC (“Coordinated Health”) […] Read More

Fraud News From World

Financial Fraud: Four Persons Arrested Credit Card Bust-Out Scheme

December 10, 2018 FraudsWatch 0

Fourth Defendant Arrested in Credit Card ‘Bust-Out’ Scheme that Spent $2 Million on Luxury Watches, Liquor, Cars and Cemetery Plots LOS ANGELES – With the surrender this morning of the final defendant, federal authorities have […] Read More

Fraud News From World

Financial Fraud: Emily Moerdermo Fu Sentenced For Mail Fraud And Defrauded Clients

December 10, 2018 FraudsWatch 0

Realtor Sentenced For Stealing Millions From Clients ATLANTA – Emily Moerdermo Fu, a metro Atlanta realtor and businesswoman who defrauded clients out of over $22 million dollars over a two-year period, has been sentenced to […] Read More

Financial Fraud: Pavandeep Bakhshi Charged For Allegedly Participating In A Widespread Scheme To Defraud Investors

December 10, 2018 FraudsWatch 0

Former Director Of Healthcare Services Company Charged In Alleged $300 Million Investment Fraud Scheme The Defendant And His Conspirators Allegedly Inflated Company’s Value and Revenue to Defraud Investors NEWARK, N.J. – A former member of […] Read More

Fraud News From World

Financial Fraud: TRACY MONTI Sentenced For Operating a Multi-Million Dollar Fraud Scheme That Duped Investors

December 7, 2018 FraudsWatch 0

Chicago Woman Sentenced to Nearly 4 Years for Multi-Million Dollar Fraud Involving Bogus Event Ticket Business CHICAGO — A Chicago woman has been sentenced to nearly four years in federal prison for operating a multi-million […] Read More

Fraud News From World

Foreign Corruption: Patrick Ho Guilty Of Participating In a Multi-Year, Multimillion-Dollar Scheme To Bribe Top Officials Of Chad And Uganda

December 6, 2018 FraudsWatch 0

Patrick Ho, Former Head Of Organization Backed By Chinese Energy Conglomerate, Convicted Of International Bribery, Money Laundering Offenses Ho Schemed to Bribe the President of Chad, President and Foreign Minister of Uganda Geoffrey S. Berman, […] Read More

Fraud News From World

Financial Fraud: Medical Device Maker ev3 Inc. Has Agreed To Plead Guilty To Charges Related To Its Neurovascular Medical Device

December 5, 2018 FraudsWatch 0

Medical Device Maker ev3 to Plead Guilty and Pay $17.9 Million for Distributing Adulterated Device; Covidien Paid $13 Million to Resolve Civil Liability for Second Device WASHINGTON – Minnesota-based medical device manufacturer ev3 Inc. has […] Read More

Fraud News From World

Financial Fraud: Lauren Montillo Pleaded Guilty To Conspiracy To Commit Wire Fraud And To Tax Evasion

December 5, 2018 FraudsWatch 0

Owings Mills Woman Pleads Guilty to Obtaining Over $4.3 Million in an Advance Fee Fraud Scheme and to Evading Taxes on that Income Baltimore, Maryland – Late on November 29, 2018—a few days before she […] Read More

Fraud News From World

Insurance Fraud: DR. PAUL MADISON Convicted On Fraud Charges For Billing Insurance Companies

December 4, 2018 FraudsWatch 0

Federal Jury Convicts Chicago Doctor on Fraud Charges for Billing Insurance Companies for Nonexistent Treatment CHICAGO — A federal jury has convicted a Chicago doctor on fraud charges for billing insurance companies for purported chiropractic […] Read More

Fraud News From World

Financial Fraud: Mushegh Melkonyan Sentenced For Participated In a Multistep Conspiracy Involving At Least Six Other Individuals

December 1, 2018 FraudsWatch 0

Sixth Defendant Sentenced in Credit Card and ID Theft Fraud Conspiracy ALEXANDRIA, Va. – A Las Vegas man was sentenced today to four and a half years in prison for his involvement in a scheme […] Read More