Tag: financial_crime
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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