Tag: financial_fraud
-
Atlanta Man Sentenced to 14 Years for Elderly Fraud Scheme
Joshua Aaron Holmes, 44, of Atlanta, received a 14-year prison sentence for defrauding elderly victims of nearly $1 million by posing as federal agents and collecting fake fees.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentSocial IssuesEconomy Joshua Aaron HolmesMail fraudWire fraudElderly victimsFinancial FraudFBIKnoxville
-
Former Toledo Church Employee Sentenced for Embezzling Over $410,000
A former Toledo church employee, Shenia Watson, received a 40-month prison sentence for embezzling over $410,000 from Perfecting Church. She used fraudulent reports and a pastor's credit card to conceal her four-year scheme.
Law EnforcementPolitics and GovernmentBusinessLegalFederal GovernmentEconomySocial Issues Shenia WatsonToledo, OhioPerfecting ChurchEmbezzlementWire FraudFBIFinancial Fraud
-
Los Angeles Director Sentenced for $11 Million Production Fraud
Los Angeles director Carl Erik Rinsch received a 30-month prison sentence for an $11 million production fraud. He diverted funds meant for his "White Horse" TV show to personal stock and crypto bets, and luxury items.
Law EnforcementBusinessMediaPolitics and GovernmentLegalFinancial MarketsFederal GovernmentFilm and TV Carl Erik RinschFinancial FraudWhite HorseLos AngelesNew YorkSentencingCybercrimeFBI
-
U.S. Attorney Recovers $19.5 Million from China-Based Stock Manipulation Schemes
Federal authorities have recovered over $19.5 million from two China-based pump-and-dump schemes involving Nasdaq-listed companies CTRL Group and Dreamland, protecting U.S. investors from market manipulation.
BusinessLaw EnforcementPolitics and GovernmentEconomyFinancial MarketsLegalFederal GovernmentAsia FBIJay ClaytonTerence G. ReillyPump-and-dumpStock manipulationNasdaqFinancial fraud
-
Lehigh Valley Man Sentenced to Over Six Years for Pandemic Fraud and Car Dealership Scheme
Justin Heimbach of Bath, PA, received a 76-month prison sentence for defrauding the PUA program with false claims and swindling Lehigh Valley car dealerships using bad checks. He must also pay $598,257 in restitution.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentEconomyLegalEmployment and Labor Justin HeimbachPandemic Unemployment AssistancePUAMail FraudWire FraudLehigh ValleyFinancial FraudFBI
-
Robeson County Man Pleads Guilty to $170,000 COVID Loan Fraud
Phillip Collins, 47, of Robeson County, pleaded guilty to wire fraud, admitting to stealing over $170,000 from federal COVID-19 relief programs through false loan applications. He faces significant prison time and fines.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyEmployment and LaborLegal Phillip CollinsRobeson CountyCOVID-19 FraudWire FraudGuilty PleaFinancial FraudFBI
-
EagleBank to Pay Over $9.7 Million for Bank Secrecy Act Violations
EagleBank will pay over $9.7 million to resolve a Bank Secrecy Act investigation. The bank admitted to failing its anti-money laundering program and allowing a decade-long check kiting scheme, overriding compliance efforts.
BusinessLaw EnforcementPolitics and GovernmentBankingLegalFederal GovernmentEconomy EagleBankBank Secrecy ActCheck KitingFinancial FraudFBIJustice DepartmentAnti-Money Laundering
-
Hickory Gold Store Owner Charged in Stolen Property Conspiracy
A Hickory gold store owner and another individual face federal charges for allegedly conspiring to sell over $580,000 in stolen retail goods online, purchased from 'boosters' between 2020 and 2024.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEconomyTransportation Marty Christopher McDanielKenny PriceThe Gold KingStolen PropertyConspiracyHickoryNorth CarolinaFinancial FraudFBI
-
Former College Basketball Player Charged in $2.2 Million Wire Fraud Scheme
A former college basketball player faces wire fraud charges for allegedly defrauding victims of $2.2 million. Kerr Kriisa used false identities and claims of family danger or illness to solicit funds.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentEconomy Kerr KriisaWire FraudFinancial FraudWest VirginiaCollege BasketballFBIU.S. Attorney
-
New Jersey Man Sentenced for Unlicensed Money Transmitting Business Linked to Online Scams
A New Jersey man received a prison sentence for operating an unlicensed money transmitting business. He moved funds from online scams to accounts in China and Turkey, admitting to lying to a bank about the deposits.
Law EnforcementBusinessWorldLegalBankingAsiaEuropeEconomy Shadrach AnapalumUnlicensed Money TransmittingOnline ScamsFinancial FraudPrison SentenceBostonNewarkFBI
-
Louisiana U.S. Attorney Warns Public of Surging Government Imposter Scams
U.S. Attorney Kurt L. Wall warns against government imposter scams, which cost victims $917 million in 2025. The Middle District of Louisiana urges vigilance, advising the public never to transfer money or pay with gift cards to "protect" funds from…
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalSocial IssuesEconomy Government Imposter ScamsElder AbuseMiddle District of LouisianaKurt L. WallFTCFinancial FraudConsumer ProtectionFBI
-
Algerian Man Extradited to U.S. on Bank Fraud Conspiracy Charges
Algerian national Abdellah Belmili, known as "SPOX," has been extradited to the U.S. to face bank fraud conspiracy charges. He allegedly ran black market websites selling stolen financial data, defrauding 5,600 victims and major banks of $900,000.
Law EnforcementBusinessScience & TechnologyWorldLegalComputers and InternetFinancial MarketsFederal GovernmentEurope Abdellah BelmiliBank FraudCybercrimeExtraditionOnline MarketplaceFBIBuffaloFinancial Fraud
-
Chinese Citizen Charged in Gold Coin Money Laundering and Wire Fraud Conspiracy
A Chinese citizen faces charges for money laundering and wire fraud conspiracy in Buffalo, NY, involving a scam that tricked a victim into buying and handing over gold coins and bullion.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalEconomyFinancial Markets Didi ZouMoney LaunderingWire FraudGold CoinsBuffaloFBIFinancial Fraud
-
Media Monitor: Washington Post details woman's fight against credit card fraud
The Washington Post is reporting on a woman's extensive battle to remove 1,700 fraudulent credit card charges, offering lessons for consumers facing similar financial fraud.
BusinessLaw EnforcementBankingLegalEconomySocial Issues Credit Card FraudFraudulent ChargesConsumer ProtectionFinancial FraudWashington PostPersonal FinanceCredit CardsThe Washington Post
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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