Fraud

Cashier’s check scams are a type of fraud that has been around for decades. They typically involve scammers using fake cashier’s checks to trick individuals or businesses into sending them money or goods. The scam works by convincing the victim that the check is legitimate and that they can safely deposit it into their bank account. However, once the victim deposits the check, the scammer will quickly withdraw the funds, leaving the victim with a negative balance in their account. In this article, we will explore how cashier’s check scams work, how to identify them, and what to do if ... Read more

What is banking fraud? Common types of banking fraud How to protect yourself from banking fraud How banks can protect themselves from fraud The importance of fraud prevention in banking How to spot frauds in banks The importance of security measures to prevent fraud How to report and prevent banking fraud Courses on banking fraud prevention Conclusion Banking fraud is a serious issue that affects thousands of people around the world. It’s a type of financial fraud in which a person or a group of people manipulate or steal money from an individual or a financial institution. Banking fraud can ... Read more

Former Head of Nonprofit Sentenced to Prison for Defrauding Mental Health Clinic Out of Over $2 Million A former head of a Philadelphia nonprofit mental health clinic was sentenced to 82 months in prison for perpetrating a multiyear fraud scheme through which she stole over $2 million from the clinic that she headed, announced Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division and U.S. Attorney William M. McSwain for the Eastern District of Pennsylvania. On June 23, 2017, a jury found Renee Tartaglione, 62, of Philadelphia, Pennsylvania, guilty of 53 counts of conspiracy, fraud, theft ... Read more

USA Capers Announces Former New York State Senator John L. Sampson Sentenced To 5 Years U.S. Attorney Robert Capers, outside the Federal Court in Brooklyn, announced former New York State Senator John Sampson was sentenced to five years of incarceration following his conviction at trial of obstruction of justice in connection with his efforts to interfere with a federal criminal case against a close associate who had given Sampson an undisclosed $188,500 loan that Sampson never repaid. Sampson was also convicted of two counts of making false statements to agents of the Federal Bureau Investigation. Former New York State Senator ... Read more

Most of us probably think we could easily detect a scam if anyone ever tried to take advantage of us. And yet, the Stanford Center on Longevity reports that each year between $40 – 50 billion is taken via schemes, scams, and other fraudulent practices. Some of the most common scams we hear about are telemarketing scams in which we’re told we’ve won a prize or we’re asked to send money to help a family member or door-to-door scams in which the fraudster comes knocking and tries to sell us home security systems, lawn services, or other services. But there ... Read more

Where can you Report a Fraud? For report financial fraud, you can contact the FBI online at https://tips.fbi.gov. United States Attorney’s Office its where you are located or where the fraud was committed. Offices of the United States Attorneys have a list of the 93 United States Attorney’s Offices and links to their websites. Certain government agencies target particular types of financial fraud. Here are some common types of fraud and contact information for the agencies that routinely handle them. Bankruptcy Fraud: Department of Justice, U.S. Trustee Program Phone: http://www.justice.gov/ust/eo/ust_org/office_locator.htm E-mail: USTP.Bankruptcy.Fraud@usdoj.gov Commodities, Investment and Securities Fraud U.S. Securities and ... Read more

Former Winnebago County Purchasing Director Sally Claassen Pleads Guilty to Federal Charges of Stealing over $400,000 ROCKFORD — The former Winnebago County Purchasing Director pleaded guilty today before U.S. District Judge Frederick J. Kapala to two counts of theft from a program receiving federal funds.  SALLY A. CLAASSEN, 57, of Roscoe, Ill., was an employee of Winnebago County from March 3, 1997, until she resigned on Sept. 11, 2015.  Claassen’s job title prior to her resignation was Purchasing Director. According to the written plea agreement, as Purchasing Director for Winnebago County, Claassen was responsible for receiving and reviewing invoices submitted ... Read more

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 a former business partner to defraud investors of over $35 million dollars. Alleca marketed several funds that were supposed to invest in certain assets/investments, such as hedge funds managed by a professional money manager or mortgage debt.  Instead he used the money to pay redemptions to earlier investors, to acquire and operate several businesses, and to pay personal expenses. “Instead of fulfilling promises of investments, ... Read more

Tennessee Sheriff Indicted by Federal Grand Jury on Conspiracy, Fraud and Related Charges Chief Administrative Deputy and Sheriff’s Uncle also Indicted A county sheriff and two other men were indicted for their roles in the formation, marketing and operation of a private company and the concealment and misrepresentation of their involvement with the business, announced Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and Acting U.S. Attorney Jack Smith of the Middle District of Tennessee. Robert F. Arnold, 40, Sheriff of Rutherford County, Tennessee; Chief Deputy Joe L. Russell II, 49, also of Rutherford County; and ... Read more

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 announced. Lee Vaccaro, 44, of Las Vegas, Nevada, was arrested by special agents of the FBI and charged by complaint with one count of conspiracy to commit securities fraud and one count of securities fraud. He is scheduled to appear later today before U.S. Magistrate Judge Cathy L. Waldor in Newark federal court. According to documents filed in this case and statements made in court: ... Read more

With businesses spreading wide across the globe, several people are encouraged to start their business online and earn their living. However, the main question that runs in everyone’s head is how to make payments online when one is sitting far away from the company he is tied up to. People also worry about how to receive payments for the work they do. Due to this fear, people usually fret in making online payments as they are afraid of revealing their financial details online. The lack of knowledge adds to the problem more when one needs to make or receive online ... Read more

Junedale Couple Pleads Guilty To Four Armed Bank Robberies And The Armed Robbery Of A Store SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that David Weaver, age 41, and Crystal Serfass, age 31, both of Junedale, Carbon County, Pennsylvania, pleaded guilty to the armed robberies of four banks and a store. Weaver and Serfass pleaded guilty before Senior United States District Court Judge James M. Munley in Federal Court yesterday in Scranton.  During the guilty plea hearing, each admitted to all charges contained in a five-count Criminal Information which alleges that they ... Read more

ALEXANDRIA, Va. – Wayne Shelby Simmons, 62, of Annapolis, Maryland, a former Fox News commentator who has falsely claimed he spent 27 years working for the Central Intelligence Agency (CIA), pleaded guilty today to major fraud against the government, wire fraud, and a firearms offense. “Wayne Simmons is a convicted felon with no military or intelligence experience,” said Dana J. Boente, U.S. Attorney for the Eastern District of Virginia. “Simmons admitted he attempted to con his way into a position where he would have been called on to give real intelligence advice in a war zone.  His fraud cost the ... Read more

Nonprofits are frequently the victims of embezzlement and employee fraud because they tend to have looser financial controls than for-profit businesses. The management and board members are also likely to be much more trusting of employees. This type of fraud is frequently not even reported or prosecuted due to the financial costs of an investigation and the concern over donors finding out that their funds were not appropriately overseen. Some recent examples of nonprofit embezzlement include: Embezzlement in Your Nonprofit Organization A former bookkeeper and office manager at the House of Ruth was sentenced to a year in prison. She ... Read more

Technological advancements have always been a boon and a bane for human kind. There are always some people who misuse and exploit technology and create serious problems for the rest of the population. One such invention is the computer that has become an integral part of each person’s life in the recent years. There is a growing dependence on the computers not only by the common man but also by almost all commercial and professional agencies. It is widely used by the security and intelligence forces as well as research centers. The widespread use of this device has also led ... Read more

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 claim the windfall was to pay taxes and other fees. Before it was over, the victim—a Virginia resident who had meticulously saved for her retirement—was out more than $500,000 in a scam that has become all too familiar among the elderly. The criminals behind these lottery frauds and other telemarketing scams prey on senior citizens for a variety of reasons, according to Special Agent John ... Read more

This is an email received about “ BUSINESS PROPOSAl MRS. ELLAIN ELLIOT – UN Foreign Affairs  ” is a phishing scam and why not try to contact these people or log onto these sites and enter your data because you risk being stolen. from: MRS. ELLAIN ELLIOT UN Foreign Affairs <4777hhgf5h@gmail.com> to: a…1@gmail.com bcc: a…1@gmail.com date: Sat, Apr 9, 2016 at 2:00 AM subject: Dear A…lus Cr…l/UN/RBSPA/09888. mailed-by: gmail.com signed-by: gmail.com Letter: PAYMENT DEPARTMENT ORDER FROM FMF CODE 303. Reg Order No:UN/RBSPA/09888. Date :08/04/2016ATTN:Anghelus Cristinel ,I acknowledged the receipt of your information in response to the payment notification made to you ... Read more

OLAF The European Commission has pledged 14.5 million euros to support Member States in fighting fraud, corruption and other illegal activities. Under the Hercule III Anti-fraud Programme, the Commission will finance projects such as training customs officers to better recognize illegal trade or investing in x-ray scanners to help stamp out smuggling. “Member States must be properly equipped to address fraud against the EU budget,” said Giovanni Kessler, Director-General of the European Anti-Fraud Office (OLAF). “That is why we are financing tangible projects, which can ensure fraudsters are caught and taxpayers’ money is protected,” he added. As set out in ... Read more

Your identity and personal information are valuable to criminals.How to Prevent Identity Theft If they get hold of details such as your full name, address, date of birth, phone number as well as credit card details or bank account numbers, they may be able to steal your identity. Celebrities such as Beyonce, Jay-Z and Britney Spears have had their private details stolen and posted online. If it can happen to them, could it happen to you? Identity theft is one of the most alarming, yet under-discussed problems affecting people in the United States. The Bureau of Justice Statistics claimed in 2012 ... Read more

Former Austin Resident Sentenced tо Federal Prison іn Connection wіth аn Estimated $1.4 Million Ponzi Scheme In Austin today, Rose Marie O’Reilly, 63, оf La Grange, TX, wаѕ sentenced tо 48 months іn federal prison fоr hеr role іn аn estimated $1.4 Million Ponzi scheme announced United States Attorney Richard L. Durbin, Jr., Federal Bureau оf Investigation Special Agent іn Charge Christopher Combs, San Antonio Division, Internal Revenue Service-Criminal Investigation Special Agent іn Charge William Cotter, аnd Texas State Securities Board Commissioner John Morgan. In addition tо thе prison term, United States District Judge Sam Sparks ordered thаt O’Reilly pay ... Read more