Tag: financial_fraud
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Newcastle Man Sentenced to Five Years for Laundering $100 Million in Fraud Proceeds
Geoffrey K. Auyeung of Newcastle, Washington, received a five-year prison sentence for laundering nearly $100 million in fraud proceeds. He used bank accounts and cryptocurrency to funnel funds from a fake oil and gas investment scheme to overseas fraudsters.
BusinessLaw EnforcementPolitics and GovernmentWorldLegalFinancial MarketsEconomyFederal Government Geoffrey K. AuyeungMoney LaunderingCryptocurrencyFinancial FraudSeattleInvestment ScamHomeland Security InvestigationsU.S. Department of Homeland Security
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Former Sacramento Man Convicted for Misusing Stolen School District Funds
Former Sacramento resident William A. Sassman was found guilty of misusing over $6.5 million mistakenly wired from the Tukwila School District. Despite being notified the funds were stolen, Sassman purchased and resold luxury watches, now facing significant prison time.
Law EnforcementPolitics and GovernmentLegalEducationFederal GovernmentEconomy William A. SassmanSacramentoTukwila School DistrictFinancial FraudMoney LaunderingLuxury WatchesFBI
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Illinois Investment Advisor Indicted on Federal Fraud Charges in Alleged Ponzi Scheme
John Myers, an Illinois investment advisor, faces federal wire fraud charges for allegedly operating a Ponzi scheme through Sterling Capital Investments, LLC, swindling clients with false investment claims. His arraignment is set for June 12.
BusinessLaw EnforcementPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentLegal John MyersPonzi schemeWire fraudChicagoInvestment advisorFederal chargesFinancial FraudFBI
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Georgia Man Pleads Guilty to Multi-Victim Wire Fraud Scheme
A Georgia man pleaded guilty to wire fraud, scamming four victims out of $356,500 through romance and other online schemes. Sentencing is set for October 2026.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalBankingSocial Issues Stephen OdibohWire FraudRochester, N.Y.Romance ScamFederal Bureau of InvestigationFinancial FraudOnline ScamsFBI
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FBI Philadelphia Highlights Elder Abuse Awareness Amid Billions in Losses
On World Elder Abuse Awareness Day, FBI Philadelphia warns of soaring financial losses from scams targeting older adults. The bureau urges vigilance against phishing, tech support, and investment fraud, emphasizing education and reporting to protect seniors' savings.
Politics and GovernmentLaw EnforcementBusinessScience & TechnologyFederal GovernmentLegalSocial IssuesEducationComputers and Internet Elder AbuseFinancial FraudFBI PhiladelphiaWorld Elder Abuse Awareness DayScamsInternet Crime Complaint Center (IC3)PennsylvaniaFBI
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Springfield Investment Professional Pleads Guilty to Embezzling Retirement Funds
Bob Hunter, 72, of Springfield, Missouri, pleaded guilty to wire fraud and money laundering. He embezzled over $373,000 from clients' retirement funds, using "lulling letters" to conceal his scheme.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomyGeneral Politics Bob HunterSpringfield MissouriWire FraudMoney LaunderingEmbezzlementRetirement FundsFinancial FraudFBI
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U.S. and Private Industry 'Disruption Week' Halts Millions of Scam Accounts, Freezes Millions in Crypto
The U.S. Scam Center Strike Force, in collaboration with private industry and international partners, successfully disrupted millions of cyber-enabled scam accounts, froze over $3.8 million in cryptocurrency, and made seven arrests in Thailand during 'Disruption Week'.
Law EnforcementPolitics and GovernmentWorldBusinessFederal GovernmentComputers and InternetFinancial MarketsAsiaSocial IssuesLegal Scam Center Strike ForceCybercrimeCryptocurrency FraudDisruption WeekSoutheast AsiaThailandFinancial FraudFBI
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New York Attorney Pleads Guilty to Embezzling Over $500K from Trust
New York attorney Edward W. Miller pleaded guilty to wire fraud, admitting to embezzling over $500,000 from a trust he managed. He made unauthorized transactions and false representations, now facing up to 20 years in prison.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEconomyBanking Edward W. Millerwire fraudembezzlementtrustNew YorkConnecticutFBIFinancial Fraud
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Rochester Man Sentenced for $168,000 Financial Institution Fraud
Michael Torres, 38, of Rochester, received a prison sentence for defrauding his employer, Financial Institution 1, of $168,000 through 19 unauthorized loans. He faces prison, home detention, and restitution.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentLegalEconomyBanking Michael TorresRochesterFinancial FraudSentencingFBIWestern District of New YorkBank Fraud
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Former D.C. Housing Employee Pleads Guilty in $15 Million Mortgage Fraud Scheme
Richard Cunningham, a former D.C. Housing Authority employee, admitted guilt in a $15 million mortgage fraud scheme. He falsified documents and invented a veterans housing program to secure loans, facing up to 30 years in prison.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentFinancial MarketsGeneral Politics Mortgage FraudFinancial FraudGovernmentWashington D.C.Richard CunninghamFBIVeterans Housing Program
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Florissant Man Accused of $250,000 Grocery Chain Wire Fraud
A Florissant man faces wire fraud charges for allegedly stealing over $250,000 from a grocery chain. Richard Lind, 39, is accused of creating false shipment records and invoices while working as a logistics site manager.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentFinancial MarketsEmployment and LaborLegal Richard LindFlorissantWire FraudFinancial FraudGrocery ChainFBI InvestigationSt. LouisFBI
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Aspiration Co-Founder Joseph Sanberg Sentenced to 14 Years for $248 Million Fraud
Joseph Neal Sanberg, co-founder of Aspiration Partners Inc., received a 14-year federal prison sentence for defrauding investors and lenders of over $248 million through a scheme involving fake clients and inflated assets.
BusinessLaw EnforcementPolitics and GovernmentEconomyBankingFinancial MarketsLegalFederal Government Joseph Neal SanbergAspiration Partners Inc.Financial FraudWire FraudFederal PrisonOrange CountyInvestor FraudFBI
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Federal Authorities Warn Public of Sophisticated Prosecutor Impersonation Scams
Federal authorities are warning citizens about scammers impersonating prosecutors and federal officials via phone, text, and email to demand money and personal information. They advise vigilance and reporting suspicious activity to ic3.gov.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and Internet Financial FraudGovernment ImpersonationScamFBIU.S. AttorneyDominick GeraceCincinnati
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Former Iowa Loan Officer Pleads Guilty to Bankruptcy Fraud, Identity Theft
Kylie Jo Bench, a former Burlington loan officer, admitted to bankruptcy fraud and aggravated identity theft. She orchestrated a vehicle lien stripping scheme, selling cars with outstanding loans and using fake documents, then lied in bankruptcy filings.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentEconomyGeneral Politics Kylie Jo BenchBurlingtonIowaDubuque credit unionbankruptcy fraudaggravated identity theftvehicle lien strippingFinancial FraudFBI
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Pittsburgh Financial Advisor Sentenced to Prison for Multi-Million Dollar Client Fraud
Pittsburgh financial advisor Thomas Pipich received a 27-month prison sentence and was ordered to pay $4.7 million in restitution for defrauding an investment client. He concealed losses from one fund by stealing from another client.
BusinessLaw EnforcementEconomyLegalFinancial MarketsFederal Government Thomas PipichPittsburghFinancial FraudInvestment FraudSentencingRestitutionFBI
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Romanian National Jailed for Elderly Bank Card Fraud Scheme
Rexona Caldararu, a Romanian national, received a 36-month federal prison sentence for defrauding 12 elderly victims. She stole over $73,500 by memorizing PINs and swapping bank cards, a scheme she had previously used internationally.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentSocial Issues Rexona CaldararuPortlandOregonFinancial FraudIdentity TheftBank FraudElderly VictimsFBI
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Sacramento Man Indicted in Half-Million Dollar Cannabis Investment Fraud
Keinyatey Deboros Chambers, 49, of Sacramento, faces 10 wire fraud counts for allegedly running a cannabis investment scheme. He is accused of defrauding victims of over $500,000 by falsely promising high returns and using the money for personal expenses.
BusinessLaw EnforcementPolitics and GovernmentLegalFinancial MarketsFederal GovernmentState GovernmentsEconomy Keinyatey Deboros ChambersSacramentoWire FraudCannabis Investment SchemeFBIBureau of Gambling ControlFinancial Fraud
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FBI Phoenix and U.S. Attorney Warn Public as Arizona Ranks Sixth in National Cybercrime Losses
The U.S. Attorney’s Office and FBI Phoenix warn about rising email scams, urging vigilance on National Senior Fraud Awareness Day. Arizona ranks 6th in cybercrime losses, totaling $631 million, with BEC scams causing significant financial damage.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentEconomyLegalSocial Issues Financial FraudCybercrimeBusiness Email CompromiseFBI PhoenixU.S. Attorney's Office District of ArizonaNational Senior Fraud Awareness DayArizonaFBI
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Oro Valley Man Charged with $10.9 Million Wire Fraud and Money Laundering Scheme
Brandon Aaron Kreutz, 40, of Oro Valley, faces charges of wire fraud and money laundering for allegedly defrauding investors of $10.9 million in a firearms device scheme, using funds for personal luxury items.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentFinancial Markets Brandon Aaron KreutzOro ValleyWire FraudMoney LaunderingFBIFinancial FraudArizona
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Illinois Man Sentenced to 15½ Years for Elder Gold Bar Fraud Conspiracy
An Illinois man received a 15½-year prison sentence for his role as a courier in an elder fraud conspiracy involving over $6 million in gold bars and cash, targeting victims aged 61 to 80.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentLegalEconomySocial Issues Elder FraudSyed M. MakkiGold BarsFinancial FraudKansas CityIllinoisFederal Bureau of InvestigationFBI
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Nigerian Man Sentenced to Nearly 10 Years for $700,000 Money Laundering Scheme
Charles Nnamdi Emesim received a 115-month sentence for laundering over $700,000 from 23 victims, many elderly, through various internet scams. He impersonated a "customs agent" in one romance fraud.
Law EnforcementBusinessPolitics and GovernmentLegalSocial IssuesFederal GovernmentEconomy Charles Nnamdi EmesimMoney LaunderingRomance ScamsFinancial FraudElder JusticeKentuckyFBI
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Morristown Man Pleads Guilty to Multi-Million Dollar Small Business Debt Relief Fraud
Morristown's Mark Csantaveri, 53, pled guilty to wire fraud, admitting to a scheme that swindled small businesses out of $3.7 million through fake debt relief services, diverting funds for personal use, including gambling. Sentencing is set for September 29, 2026.
Law EnforcementBusinessLegalEconomyFederal Government Mark CsantaveriWire FraudDebt Relief SchemeSmall BusinessesMorristown, New JerseyFinancial FraudGamblingFBI
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San Antonio Woman Sentenced to 51 Months for Embezzling Over $759,000
Daniella Vasquez received 51 months in federal prison for wire fraud. She embezzled over $759,000 from two employers, spending funds on luxury items and flaunting them on social media, demonstrating a significant abuse of trust.
Law EnforcementBusinessPolitics and GovernmentLegalEconomyFederal GovernmentEmployment and Labor Daniella VasquezSan AntonioWire FraudEmbezzlementFBIShavano Park Police DepartmentFinancial Fraud
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Pine Bluff Woman Sentenced to Three Years for $400,000 Bank Theft
A Pine Bluff woman received a three-year federal prison sentence for stealing over $400,000 from bank customers. Laura Parrish, 59, abused her position, embezzling funds for personal use and opening fraudulent credit cards.
Law EnforcementBusinessPolitics and GovernmentLegalBankingFederal GovernmentEmployment and LaborSocial Issues Laura ParrishPine BluffBank TheftFederal PrisonEmbezzlementFinancial FraudArkansasFBI
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Romanian National Sentenced to 10 Years for EBT Skimming Scheme
Catalin-Marius Graur, a Romanian citizen, has been sentenced to 10 years in prison for skimming tens of thousands of EBT cards in California and New York, targeting low-income households.
Politics and GovernmentBusinessLawRomaniaFederal GovernmentSocial IssuesBankingLaw Enforcement Catalin-Marius GraurEBT cardsskimmingCaliforniaNew Yorkfinancial fraudRomanian National PoliceFBI
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Jamaican National Extradited to U.S. for Lottery and Romance Scheme
Sherwayne Benjamin Bellinfantie extradited from Jamaica to the U.S. to face charges for romance and sweepstakes scheme that defrauded an elderly Arizona resident of over $400,000.
Politics and GovernmentLegalSocial IssuesWorldLaw EnforcementFederal GovernmentCybercrimeFinancial Fraud Jamaicaextraditionromance scamlottery scamwire fraudmoney launderingFBI
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Colombian National Pleads Guilty to $66M Ponzi Scheme
Efrain Betancourt Jr. pleaded guilty to running a $66 million Ponzi scheme through Sky Group USA, misusing funds for personal luxuries. He faces up to 20 years in prison, with sentencing set for August 14.
Politics and GovernmentBusinessLegalColombiaFederal GovernmentFinancial MarketsLaw Enforcement Efrain Betancourt Jr.Sky Group USA LLCPonzi schemeSouthern District of FloridaFinancial FraudFBI MiamiFlorida Office of Financial RegulationFBI