Tag: financial_crime
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Federal Jury Convicts Duo in $25 Million Wire Fraud and Money Laundering Scheme
A federal jury convicted Demani and Tanya Bosket for their roles in a $25 million wire fraud and money laundering scheme. The duo managed U.S.-based operations, diverting funds from various transactions, with over $2.5 million recovered.
Law EnforcementBusinessScience & TechnologyLegalEconomyComputers and InternetFederal Government Demani Jawara BosketTanya Lashawn BosketWire FraudMoney LaunderingBusiness Email CompromiseSouth CarolinaFinancial CrimeFBI
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Media Monitor: Check Fraud Skyrocketing, FBI and Postal Service Warn
The Washington Post reports a joint warning from the FBI and U.S. Postal Service about skyrocketing check fraud. Criminals are using household chemicals to alter checks, rewriting them to themselves.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentLegalEconomySocial Issues Check fraudFBIU.S. Postal ServiceCriminalsHousehold chemicalsFinancial crimeFraudThe Washington Post
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Four Arrested in Puerto Rico for Identity Theft, Fraud, and Forced Labor Scheme
Four individuals were arrested in Puerto Rico for a 21-count indictment involving identity theft, wire fraud, bank fraud, and forced labor. The scheme defrauded banks of over $114,000 and exploited vulnerable victims.
Law EnforcementBusinessPolitics and GovernmentBankingEmployment and LaborSocial IssuesLegalFederal Government Puerto RicoIdentity TheftWire FraudBank FraudForced LaborFBIFinancial Crime
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Florida Man Sentenced to 41 Months for Defrauding Virginia Doctor of Nearly $500,000
A Florida man received 41 months in federal prison for defrauding a Lynchburg doctor of nearly $500,000. Tommie Lee Nelson posed as a hard money lender, diverting funds intended for a commercial building purchase to casinos and personal use.
Law EnforcementBusinessLegalFederal GovernmentReal EstateEconomy Wire FraudTommie Lee NelsonLynchburg, VirginiaMiramar, FloridaFederal PrisonFBIFinancial Crime
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FBI Warns Americans of Rising Elder Fraud Ahead of Awareness Day
The FBI is urging vigilance against elder fraud, reporting $7.7 billion in losses in 2025, a 37% increase. Ahead of World Elder Abuse Awareness Day on June 15, the agency highlights common scams and offers protection tips, emphasizing daily awareness…
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentEconomyLegalSocial Issues Elder FraudFBIScamsFinancial CrimeWorld Elder Abuse Awareness DayInternet Crime Complaint Center (IC3)Consumer Protection
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Norfolk Woman Sentenced for Embezzling Over $123,000 to Cover Gambling Debts
A Norfolk woman received a year and six months in prison for wire fraud. Katherine Louise Henderson embezzled over $123,000 from her employer, a brake products manufacturer, to pay online gambling debts and support a shopping habit.
Law EnforcementBusinessLegalEmployment and LaborSocial Issues Katherine Louise HendersonNorfolkwire fraudembezzlementgambling debtsFBIFinancial Crime
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Final Defendant Sentenced in $3 Million Morris Bank Fraud Conspiracy
The final defendant in a $3 million bank fraud conspiracy, James Kevin Meyers, was sentenced for filing false currency transaction reports. This concludes an FBI investigation involving Morris Bank, two other defendants, and significant restitution orders.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentBankingGeneral Politics Bank FraudFinancial CrimeCurrency Transaction ReportsMorris BankJames Kevin MeyersRonnie AtkinsonGeorgiaFBI
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Ashland Woman Charged with Bank and Wire Fraud Against Former Employers
An Ashland woman, Kellianne MacKay, 48, faces federal bank and wire fraud charges for allegedly misusing employer credit cards and taking funds to buy a truck. She is set for arraignment on June 4, 2026.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEmployment and Labor Kellianne MacKayAshland, New HampshireBank FraudWire FraudFBICriminal ChargesFinancial Crime
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Aspiration Partners Co-Founder Sentenced to 14 Years for $248M Investor and Lender Fraud
Joseph Sanberg, co-founder of Aspiration Partners, received a 14-year prison sentence for a $248 million scheme. He defrauded investors and lenders through fake clients, sham payments, and falsified financial documents.
BusinessLaw EnforcementEconomyLegalFinancial MarketsFederal Government Joseph SanbergAspiration PartnersWire FraudFinancial CrimeInvestor FraudLender FraudCaliforniaFBI
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Former PTA Treasurer Pleads Guilty to Embezzling Over $100,000
Holly Mikkelsen, former treasurer for Summit Pointe Elementary School PTA, pleaded guilty to nine counts of bank and wire fraud, admitting to stealing over $100,000. She faces up to 30 years in prison.
Law EnforcementBusinessPolitics and GovernmentEducationLegalFederal GovernmentBankingGeneral Politics Holly MikkelsenSummit Pointe Elementary School PTAEmbezzlementBank FraudWire FraudKansas CityFinancial CrimeFBI
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Citron Research Founder Andrew Left Convicted of Stock Market Manipulation
Andrew Left, founder of Citron Research, has been found guilty of securities fraud for manipulating stock prices through media campaigns and profiting by trading against his public recommendations, earning at least $21 million.
BusinessLaw EnforcementEconomyFinancial MarketsLegal Andrew LeftCitron ResearchSecurities FraudStock Market ManipulationFBILos AngelesFinancial Crime
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Springville Woman Sentenced to Federal Prison for $500,000 Embezzlement
A Springville woman received 41 months in federal prison for embezzling over $500,000 from a veteran-owned business. Debra Ann Vaughn, a former bookkeeper, used false entries and forged signatures in a "cold and calculated" scheme, causing severe financial hardship.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyEmployment and LaborFederal Government Debra Ann VaughnEmbezzlementBank FraudFederal PrisonSpringville IowaVeteran-owned businessFinancial CrimeFBI
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New Jersey Man Pleads Guilty to $250,000 Fraud and Identity Theft Scheme
Terrance Hart, 47, of Garfield, New Jersey, admitted to wire fraud and aggravated identity theft, causing over $250,000 in losses. He faces significant prison time, with sentencing set for October 2026.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEconomyComputers and Internet Terrance HartGarfield, New JerseyWire FraudAggravated Identity TheftFinancial CrimeLegal ProceedingsFBI
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Mont Belvieu Man Sentenced to 10 Years for $2.1 Million Ponzi Scheme
Carl Channing Spence, 41, received a 10-year federal prison sentence for a $2.1 million Ponzi scheme. He defrauded 19 victims, including friends, by promising high returns on 'meme stocks' but diverted funds for personal use.
BusinessLaw EnforcementEconomyLegalFinancial Markets Carl Channing SpencePonzi schemeWire fraudMont BelvieuInvestment fraudFederal prisonFinancial CrimeFBI
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Founder of Investment Firm Sentenced for $20 Million Bank Fraud
John Arthur Hanratty, founder of Ebury Street Capital, received a 12-month prison sentence for defrauding an FDIC-insured bank of nearly $20 million through inflated collateral and false claims, causing significant losses.
Law EnforcementBusinessLegalBankingFinancial MarketsFederal Government John Arthur HanrattyEbury Street CapitalBank FraudMoney LaunderingSentencingNew YorkFinancial CrimeFBI
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Amarillo Woman Pleads Guilty in COVID Relief Embezzlement Scheme
Selene Varela, a former City of Amarillo employee, pleaded guilty to embezzling $41,350 from federal COVID-19 relief funds meant for the homeless. She is the third defendant convicted in a scheme that diverted aid from vulnerable residents.
Law EnforcementPolitics and GovernmentHealthGeneral PoliticsFederal GovernmentLegalSocial Issues Selene VarelaAmarilloEmbezzlementCOVID-19 ReliefFederal FundsCity of AmarilloFinancial CrimeFBI
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Los Angeles Man Sentenced to 70 Months for Multi-State Bank Fraud Ring
Armani Ryan Purandah received 70 months in prison for leading a multi-state identity theft and bank fraud scheme targeting individuals and banks across Arizona, Colorado, and California, ordered to pay over $1.1 million in restitution.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentFinancial MarketsSocial Issues Armani Ryan PurandahBank FraudIdentity TheftPrison SentenceArizonaFBIFinancial Crime
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Florida Woman Pleads Guilty in Multi-State Bank Fraud Scheme
A Florida woman pleaded guilty to bank fraud conspiracy in Rochester, N.Y., involving stolen and counterfeit checks totaling over $200,000. She faces up to five years in prison and agreed to pay restitution.
Law EnforcementBusinessLegalEconomyFederal GovernmentBanking Renee M. ThompsonBank fraudConspiracyRochester, N.Y.Federal Bureau of InvestigationInternal Revenue ServiceFinancial CrimeFBI
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Former East Bay Financial Advisor Pleads Guilty in $9.5 Million Ponzi Scheme
Former East Bay financial advisor Edwin Emmett Lickiss Jr. pleaded guilty to wire fraud and money laundering, admitting to a $9.5 million Ponzi scheme that defrauded over 93 investors from 1998 to 2024. Sentencing is set for August 2026.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomy Edwin Emmett Lickiss Jr.Ponzi schemeWire fraudMoney launderingOaklandFBIFinancial Crime
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Former FOP Manager Pleads Guilty to Wire Fraud in Kentucky
Kevin Ryan Straw, former Fraternal Order of Police manager in Kentucky, pleaded guilty to wire fraud, defrauding FOP lodges and individuals of over $187,000 through investment schemes and misappropriation. He faces up to 20 years in prison.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsState Governments Kevin Ryan StrawWire FraudFraternal Order of PoliceKentuckyLouisvilleFinancial CrimeFBI
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Former Oklahoma Bank CEO Pleads Guilty to Bank Fraud
Former First National Bank of Lindsay CEO Danny Seibel pleaded guilty to bank fraud, admitting to issuing bad loans and manipulating records. He faces up to 30 years in prison and a $1 million fine.
Law EnforcementBusinessPolitics and GovernmentBankingLegalFederal GovernmentEconomy Danny SeibelBank FraudFirst National Bank of LindsayOklahomaFDIC-OIGFBIFinancial Crime
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Florida Man Sentenced to Over 15 Years for $20 Million Ponzi Scheme
Dakota A. Smith received over 15 years in prison for a $20 million Ponzi scheme involving Peoples Equity Group. He defrauded investors by misrepresenting company ownership and presenting false financial documents, as announced by the U.S. Attorney's Office.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsEconomyFederal Government Dakota A. SmithPonzi schemeWire fraudPeoples Equity GroupMemphis, TNFBIFinancial crime
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Stockton Man Pleads Guilty in $2 Million Factoring Fraud Scheme
Stockton's Hector Perez pleaded guilty to wire fraud and aggravated identity theft for a multi-state scheme defrauding factoring companies of over $2 million using fake invoices. His sentencing is scheduled for August 24, 2026.
Law EnforcementBusinessPolitics and Government Hector PerezStocktonWire FraudAggravated Identity TheftFactoring CompaniesFinancial CrimeFraud SchemeFBI
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US Seizes $400 Million in Assets Linked to Helix Crypto Mixer
The United States has legally acquired over $400 million in cryptocurrencies, real estate, and monetary assets previously connected to the Helix cryptocurrency mixer.
Politics and GovernmentLaw EnforcementFederal GovernmentComputers and Internet FBIHelixCryptocurrencySeizureAssetsFinancial Crime
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Venezuelan Nationals Indicted in ATM 'Jackpotting' Conspiracy
Two Venezuelan nationals indicted for conspiracy to steal cash from ATMs in Merced and Tulare Counties and six other western states using malware in a scheme known as ATM jackpotting.
Politics and GovernmentLaw EnforcementLegalBusinessVenezuelaFederal GovernmentBankingFinancial MarketsLaw Enforcement ATM JackpottingIndictmentConspiracyFinancial CrimeMerced CountyTulare CountyCybercrimeFBI