Money Laundering

Symbolic image of justice for Medicare fraud: a gavel beside a broken piggy bank with medical symbols, representing the NOVA DME healthcare fraud scheme and sentencing.

Alexandria Trio Sentenced in Sophisticated Multi-Million Dollar Medicare DME Fraud Ring Involving International Money Laundering and Illicit Patient Lead Generation

May 27, 2025 FraudsWatch 0

Justice Served in Virginia as Masterminds of $13.5M Medicare DME Fraud Scheme Face Prison Time In a significant step towards accountability for egregious healthcare fraud, three individuals from Vienna, Virginia, have been sentenced to prison […] Read More

Cracking modern building facade reveals chaotic financial data and falling dollar signs within, symbolizing the Mara Investment Group hedge fund fraud and collapse.

From Quantitative Whiz to Convicted Felon: Inside Justin Murphy’s $3.5 Million Mara Investment Hedge Fund Fraud

April 30, 2025 FraudsWatch 0

The Fall of a Greenwich Hedge Fund Operator The world of high finance, particularly the exclusive enclave of Greenwich, Connecticut hedge funds, often conjures images of sophisticated strategies and substantial returns. It was within this […] Read More

Elderly hands holding a deceptive inheritance scam letter with a shadowy figure lurking, symbolizing the risk of elder financial exploitation.

The Phantom Fortune: Unmasking Inheritance Scams and Protecting America’s Seniors from Financial Predators

April 29, 2025 FraudsWatch 0

A letter arrives, perhaps bearing an official-looking crest, promising millions. It speaks of a distant relative, previously unknown, who has passed away overseas leaving behind a substantial inheritance. For the recipient, it paints a picture […] Read More

Garantex crypto exchange seized domain notice displayed by law enforcement.

Garantex Crypto Exchange Takedown: $96 Billion Money Laundering Network Dismantled in US-Led International Operation

March 8, 2025 FraudsWatch 0

Global Crypto Crackdown: $96 Billion Exchange Garantex Neutralized in International Law Enforcement Action In a landmark coordinated effort, law enforcement agencies from the United States, Germany, and Finland have successfully dismantled the online infrastructure of […] Read More

Matthew C. Browndorf, a California lawyer, sentenced to prison for wire fraud and money laundering after stealing over $2.4 million from client IOLTA accounts.

California Lawyer Gets 5+ Years in Federal Prison for $2.4 Million Client Fund Theft: A Case of Wire Fraud, Money Laundering, and Luxury Spending

March 7, 2025 FraudsWatch 0

Matthew C. Browndorf, a 54-year-old California lawyer, has been sentenced to more than five years in federal prison for a brazen scheme that saw him siphon over $2.4 million from his clients’ trust accounts. The […] Read More

Petros Fichidzhyan Pleads Guilty in $17 Million Medicare Hospice Fraud Scheme: A Deep Dive into Identity Theft and Money Laundering

February 4, 2025 FraudsWatch 0

The United States healthcare system, despite its advancements, remains vulnerable to fraudulent activities, particularly within programs like Medicare. These schemes not only drain taxpayer dollars but also undermine the integrity of healthcare services, especially for […] Read More

Extradited Suspect Faces Charges in $60 Million International Bank Fraud and Money Laundering Ring: Erick Jason Victoria-Brito Arraigned in New York

January 29, 2025 FraudsWatch 0

NEW YORK, NY – In a significant victory for law enforcement against complex international financial crimes, Erick Jason Victoria-Brito, a 30-year-old resident of Hollywood, Florida, has been extradited from the Dominican Republic to the United […] Read More

Crypto Reckoning: KuCoin’s Guilty Plea Exposes Dark Side of Unregulated Exchanges

January 28, 2025 FraudsWatch 0

The cryptocurrency landscape was rocked to its core on Monday, January 27, 2025 as PEKEN GLOBAL LIMITED (“PEKEN”), the Seychelles-based entity operating the globally renowned cryptocurrency exchange KuCoin, pleaded guilty to a charge of operating […] Read More

Joshua and Nicole Pennington Allegedly Exploited COVID-19 Relief Programs

Joshua and Nicole Pennington Faces Justice: A Deep Dive into Multi-Million Dollar COVID-19 Relief Fraud

January 22, 2025 FraudsWatch 0

The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster […] Read More

Navigating the Evolving Landscape of Money Laundering Scams: Trends and Countermeasures in 2024

January 21, 2024 FraudsWatch 0

The global financial landscape is constantly evolving, offering both opportunities and challenges for businesses and individuals alike. While technological advancements have streamlined financial transactions and enhanced global connectivity, they have also created new avenues for […] Read More

Fraud News From World

Financial Fraud: John Gregory Alexander Herrin Convicted Of One Count Of Interstate Transportation Of Stolen Property And Eight Counts Of Money Laundering

January 17, 2020 FraudsWatch 0

Jury Convicts Ex-employee Of Transporting Stolen Property And Money Laundering After $390,000 Disappeared From Armored Truck HELENA – A jury on Thursday convicted a Helena man who worked for GardaWorld of multiple crimes after he […] Read More

Fraud News From World

Financial Fraud: Jonathan Chang Convicted Of Four Counts Of Wire Fraud And Three Counts Of Money Laundering

September 11, 2019 FraudsWatch 0

Cupertino Man Convicted Of Embezzling More Than $7.5 Million In Donated Funds Jonathan Chang misappropriated religious donations and church funds SAN JOSE – A federal jury convicted Jonathan Chang of four counts of wire fraud […] Read More

Financial Fraud: Kevin Kyes Sentenced For Wire Fraud And Money Laundering Convictions Arising From Ponzi Scheme

October 8, 2018 FraudsWatch 0

Convicted Fraudster Sentenced To Five Years In Prison For $7 Million Ponzi Scheme SAN FRANCISCO – Kevin Kyes was sentenced today to five years in prison for wire fraud and money laundering convictions arising from […] Read More

Money Laundering: Corey Earl Engelen Indictment to Money Laundering

October 19, 2016 FraudsWatch 0

Parker Man Pleads Guilty to Money Laundering in Connection with Stock Trading Scheme DENVER – Corey Earl Engelen, age 47, of Parker, Colorado pled guilty last week before U.S. District Court Judge Christine M. Arguello […] Read More

Financial Fraud: Scott Raymond Beard Sentenced For Theft of Public Funds and Money Laundering

September 10, 2016 FraudsWatch 0

Former Deschutes County Sheriff Captain Sentenced to Five Years in Prison for Theft of Public Funds and Money Laundering EUGENE, Ore. – On Thursday, September 8, 2016, Scott Raymond Beard, 46, a former Deschutes County […] Read More

Financial Fraud: Albert Shih-Der Chang Was Arrested For Mail Fraud and Money Laundering Charges

July 24, 2016 FraudsWatch 0

FBI Arrests Dallas Technology Company’s Former Lead Systems Engineer on Mail Fraud and Money Laundering Charges DALLAS — Albert Shih-Der Chang, a former Lead Systems Engineer for a Dallas technology company known as One Technologies, […] Read More

Michael Danilovich Sentenced For Racketeering, Health Care Fraud, Securities Fraud, Mail Fraud, Wire Fraud, And Money Laundering

July 20, 2016 FraudsWatch 0

Michael Danilovich Sentenced To 25 Years For Racketeering, Health Care Fraud, Securities Fraud, Mail Fraud, Wire Fraud, And Money Laundering Racketeering Conviction Included Largest No-Fault Insurance Fraud Scheme Ever Charged Preet Bharara, the United States […] Read More

Gezim Selgjekaj Sentenced for Credit Union Fraud

June 12, 2016 FraudsWatch 0

Avon Lake man sentenced to 25 years in prison for fraud that contributed to the collapse of credit union An Avon Lake man was sentenced to 25 years in prison for fraudulently obtaining more than […] Read More

Bruce Swisshelm Pleaded Guilty to Bank Fraud and Money Laundering

June 11, 2016 FraudsWatch 0

Springfield Area Business Owner, Son Plead Guilty to $5.5 Million Fraud Scheme SPRINGFIELD, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that the owner of several Springfield, Mo., area restaurants and […] 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