Tag: fraud
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Two Men Sentenced to Prison for Identity Theft and Fraud Conspiracy
Christopher Alexander Jr. and Devin Latrell Coleman received federal prison sentences for an identity theft and fraud conspiracy. They used sophisticated fake IDs to secure loans and leases. This case highlights the Department of Justice's intensified efforts against fraud, supporting…
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentLegalBankingEconomy Christopher Alexander Jr.Devin Latrell ColemanIdentity TheftFraudSyracuseFBIDepartment of Justice
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OCC Highlights FinCEN Guidance on Fraud Information Sharing
The OCC highlights FinCEN's updated guidance on Section 314(b), clarifying how financial institutions can share information about suspected fraud, money laundering, and terrorist financing under a safe harbor, encouraging participation to combat illicit activities.
BusinessPolitics and GovernmentLaw EnforcementBankingFederal GovernmentLegalEconomy OCCFinCENSection 314(b)FraudInformation SharingFinancial InstitutionsUSA PATRIOT ActOffice of the Comptroller of the Currency (OCC)
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Former NBA Players, Agent Charged in Extensive Sports Bribery and Illegal Betting Scheme
Former NBA players Malik Beasley and Edward Davis, along with a current agent and others, face charges for allegedly fixing NBA game performances for illegal betting profits. The scheme involved bribing Beasley to manipulate his stats for fraudulent wagers.
Law EnforcementSportPolitics and GovernmentLegalFederal Government Malik BeasleyEdward DavisPaolo ZamoranoNBASports BriberyIllegal BettingFraudFBI
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CFTC Charges North Carolina Company and Operator with Fraud
The CFTC has filed a complaint in North Carolina against Trevor L. Vernon and Argent Capital Management LLC, alleging fraud as a commodity pool operator.
BusinessLaw EnforcementPolitics and GovernmentUSA CFTCFraudCommodity Pool OperatorTrevor L. VernonArgent Capital Management LLCNorth CarolinaLegal Action
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SEC Establishes New Retail Fraud Working Group
The SEC has formed a new Retail Fraud Working Group to bolster the Division of Enforcement's efforts. This group will focus on identifying and combating fraud specifically targeting everyday investors, enhancing protection in financial markets.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyFinancial MarketsLegal Securities and Exchange CommissionRetail Fraud Working GroupFraudInvestorsEnforcementFinancial CrimeGovernment
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Madison Man Sentenced to 30 Months for Medicare Kickback Conspiracy
A Madison man received 30 months in federal prison for a Medicare kickback scheme involving over $1.4 million in fraudulent claims for unnecessary diagnostic testing. He must also pay over $544,000 in restitution.
Law EnforcementHealthPolitics and GovernmentFederal GovernmentLegalMedical ScienceGeneral PoliticsWhite House Auzie Phillip Smith Jr.MedicareKickback ConspiracyFederal PrisonMadison, MississippiFraudFBI
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SSA Audit Uncovers $49.6 Million in Improper Payments Due to Sanction Processing Errors
An OIG audit found the Social Security Administration made errors in 75% of sampled administrative sanction cases, leading to an estimated $49.6 million in improper payments. Complex manual processes and system limitations were cited as causes, prompting calls for further…
Politics and GovernmentLaw EnforcementFederal GovernmentGeneral PoliticsEconomyLegal Social Security AdministrationOIGAuditAdministrative SanctionsImproper PaymentsFraudSystem Errors
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Gov. Reynolds Establishes Task Force to Combat Medicaid Fraud in Iowa
Governor Kim Reynolds established the Iowa Medicaid Fraud Elimination Task Force, chaired by Attorney General Brenna Bird, to combat fraud, waste, and abuse, ensuring funds support eligible Iowans and protect taxpayer dollars.
Politics and GovernmentHealthLaw EnforcementState GovernmentsGeneral PoliticsLegalSocial Issues IowaMedicaidFraudTask ForceGovernor Kim ReynoldsAttorney General Brenna BirdHealthcareIowa Governors Office
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Former Contractor Convicted for $1.1 Million MRE Theft from Ft. Bliss
A former U.S. Army civilian contractor in El Paso was convicted for stealing over $1.1 million in MREs from Ft. Bliss. Joseph Lavar Davis exploited his position in a scheme involving false paperwork and co-conspirators.
Politics and GovernmentLaw EnforcementLegalFederal GovernmentMilitaryEconomy Joseph Lavar DavisMREsEl PasoFt. BlissTheft of Government PropertyFraudFBI
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Texas Woman Sentenced to Prison for FEMA Disaster Fraud
A Texas woman received a 21-month federal prison sentence for defrauding FEMA of over $28,000 by filing false disaster claims related to the Los Angeles fires. Authorities are intensifying efforts to combat such fraud and protect taxpayer dollars.
Law EnforcementPolitics and GovernmentFederal GovernmentLegalEconomyGeneral Politics FEMAFraudPrison SentenceDisaster ReliefTexasLos Angeles FiresDepartment of Homeland SecurityU.S. Department of Homeland Security
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Middletown Man Pleads Guilty to Unlawful Money Transmitting in Medicare Fraud Scheme
Middletown resident Habroon Habib pleaded guilty to operating an unlawful money transmitting business, funneling $425,000 to Pakistan from a Medicare Advantage fraud scheme. He faces up to five years in prison for the unlicensed operation.
Law EnforcementPolitics and GovernmentHealthBusinessFederal GovernmentLegalEconomyBanking Habroon HabibMiddletownMedicare AdvantageFraudMoney TransmittingPakistanFBI
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Amazon to Pay $2.25 Million Settlement for FCRA Violations
Amazon will pay $2.25 million to settle FTC charges of knowingly violating the Fair Credit Reporting Act. The company allegedly denied identity theft victims access to fraudulent transaction records, prompting the civil penalty.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalEconomySocial Issues AmazonFederal Trade CommissionFair Credit Reporting ActIdentity TheftCivil PenaltiesFraudConsumer Protection
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South Florida Nursing School Owner Pleads Guilty in Diploma Fraud Scheme
A South Florida nursing school owner pleaded guilty to wire fraud and money laundering for selling nearly 3,000 fake nursing diplomas. This scheme allowed unqualified individuals to become nurses, undermining healthcare integrity.
Law EnforcementHealthBusinessLegalEducationFederal GovernmentSocial IssuesEmployment and Labor Carleen NoreusSouth FloridaNursing SchoolsFraudOperation NightingaleWire FraudHealthcareFBI
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Ann Arbor Commodities Trader Pleads Guilty to Multi-Million-Dollar Fraud
Ann Arbor commodities trader Brian Mitchell pleaded guilty to wire fraud, admitting to a multi-million-dollar scheme that defrauded investors of over $2.7 million. He violated a CFTC ban, falsely guaranteeing returns and misrepresenting fund security.
BusinessLaw EnforcementLegalFinancial MarketsEconomy Brian MitchellAnn ArborCommodities TradingFraudWire FraudFBICFTCFinancial CrimeLegal IssuesInvesting
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ICE Seeks Over $250,000 Fine Against Attorney for Alleged Asylum Fraud
Immigration attorney Vinod Doddamani faces a $255,232 fine from ICE for allegedly filing 64 fraudulent asylum claims for Indian nationals, using identical declarations that burden the U.S. immigration system.
Politics and GovernmentLaw EnforcementFederal GovernmentLegalSocial Issues Vinod DoddamaniImmigrationAsylum ClaimsFraudU.S. Immigration and Customs Enforcement (ICE)Homeland SecurityLegal ActionU.S. Department of Homeland Security
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Fugitive Ohio Pharmacist Pleads Guilty to IRS Fraud After 12 Years on the Run
After nearly 12 years as a fugitive, Ohio pharmacist Sbeih Sbeih pleaded guilty to IRS fraud. Arrested in Georgia, he conspired to hide business income from two pharmacies, while a co-defendant remains at large.
Law EnforcementPolitics and GovernmentBusinessFederal GovernmentLegalEconomyState Governments Sbeih SbeihIRSFraudFugitiveOhioPharmacyOsama SalouhaFBI
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Philippine National Sentenced for Identity Theft on Alaska Cruise
A Philippine national received over four years in prison for identity theft and impersonation on an Alaska cruise. Enrico Ronquillo used stolen identities to board a ship and commit financial fraud, leading to his conviction and ordered restitution.
Law EnforcementBusinessPolitics and GovernmentLegalFederal GovernmentSocial IssuesEconomy Enrico RonquilloIdentity TheftFalse ImpersonationAlaskaCruise ShipFraudSentencingFBI
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Guatemalan Nationals Indicted, Sentenced in Unaccompanied Minor Smuggling and Fraud Scheme
Three Guatemalan nationals face federal charges for an international scheme to smuggle unaccompanied alien children and defraud the government, while another was sentenced for smuggling, fraud, and sexually assaulting a child.
Law EnforcementPolitics and GovernmentFederal GovernmentLegalSocial IssuesLatin America GuatemalaUnaccompanied Alien ChildrenHuman SmugglingFraudSexual AssaultFBIJoint Task Force Alpha
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Mercer County Woman Pleads Guilty to $175K Veterans Health Care Fraud
Karen Shea Radford, 47, admitted to stealing over $175,000 from a federal veterans' health care program through a false billing scheme. She faces up to 10 years in prison and restitution.
Politics and GovernmentBusinessLaw EnforcementHealthFederal GovernmentLegalSocial IssuesEconomy Karen Shea RadfordMercer CountyVeterans AffairsCHAMPVAFraudHealthcare Therapy Services LLCTheft of Government MoneyFBI
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San Diego Man Charged with Funneling Funds to Hamas and Personal Use
San Diego resident Reda Mazen Rida Sabassi faces terrorism, fraud, and money laundering charges for allegedly diverting $600,000 from "humanitarian" campaigns to Hamas and personal use, exploiting the October 7, 2023, attacks.
Politics and GovernmentLaw EnforcementConflictBusinessFederal GovernmentLegalMiddle EastFinancial Markets Reda Mazen Rida SabassiHamasSan DiegoTerrorismFraudMoney LaunderingFBI
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CFTC Resolves Enforcement Action Against Celsius Founder Alexander Mashinsky
The CFTC has resolved its enforcement action against Celsius Network founder Alexander Mashinsky. A consent order imposes permanent bans on trading and registration, and enjoins him from future anti-fraud violations.
BusinessPolitics and GovernmentLaw EnforcementFederal GovernmentLegalFinancial Markets Alexander MashinskyCelsius Network LLCCFTCEnforcementConsent OrderTrading BanFraud
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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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Former Virgin Islands OMB Director Sentenced to 84 Months for COVID-19 Relief Fund Corruption
Jenifer O’Neal, former Virgin Islands OMB Director, received an 84-month prison sentence for misusing federal COVID-19 relief funds, including inflating invoices and accepting bribes for her coffee shop.
Politics and GovernmentLaw EnforcementFederal GovernmentState GovernmentsLegalEconomy Jenifer O'NealVirgin IslandsPublic CorruptionCOVID-19 Relief FundsSentencingFraudMoney LaunderingFBI
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FBI Detroit Urges Michigan Residents to “Take a Beat” Against Scams
FBI Detroit launches "Take a Beat" campaign, urging Michigan residents to pause before responding to unsolicited communications. Special Agent in Charge Jennifer Runyan advises caution against scams requesting money or personal information, emphasizing verification and reporting to IC3.
Law EnforcementBusinessPolitics and GovernmentFederal GovernmentEconomyLegalEducationComputers and InternetSocial Issues MichiganFBI DetroitScamsFraudInternet Crime Complaint CenterJennifer RunyanPublic SafetyFBI
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USPS Audit Uncovers Major Shortfalls in Counterfeit Stamp Mitigation
An audit reveals the U.S. Postal Service's limited efforts against counterfeit stamps, leading to $349 million in revenue loss and $1.7 billion at risk. Detection capabilities are insufficient, and online threats are addressed slowly.
BusinessLaw EnforcementPolitics and GovernmentEconomyFederal GovernmentLegal U.S. Postal ServiceU.S. Postal Inspection ServiceCounterfeit StampsAudit ReportRevenue LossMail SecurityFraud
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FTC Reports $3.5 Billion Lost to Imposter Scams in 2025
New FTC data reveals consumers lost $3.5 billion to imposter scams in 2025, nearly tripling losses since 2020. Imposter scams were the most reported fraud, highlighting a significant and growing financial threat.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalSocial IssuesEconomy FTCImposter ScamsFraudConsumer ProtectionFinancial Loss2025Scams
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SEC Warns Public of Government Imposter Scams on Elder Abuse Awareness Day
On World Elder Abuse Awareness Day, the SEC warns against government imposter scams. Fraudsters impersonate SEC officials via social media and text messages, luring victims with fake stock tips, advance fee fraud, and threats. Verify communications by calling the SEC…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentFinancial MarketsLegalSocial IssuesEducation World Elder Abuse Awareness DayGovernment Imposter ScamsSECFraudAdvance Fee FraudInvestor ProtectionScams
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FinCEN Issues New Guidance to Boost Fraud Information Sharing Among Financial Institutions
FinCEN has issued new guidance clarifying how financial institutions can share information on suspected fraud under the USA PATRIOT Act's section 314(b). This aims to enhance collaboration and help eliminate fraudulent activities.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalBankingEconomy Financial Crimes Enforcement NetworkFinCENFinancial InstitutionsFraudInformation SharingUSA PATRIOT ActSection 314(b)
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FinCEN Boosts Fraud Fight with New Information Sharing Guidance
FinCEN has updated guidance for financial institutions to share fraud information under the USA PATRIOT Act's 314(b) program. This aims to combat billions in annual fraud losses, empowering institutions to quickly identify and stop illicit financial activity.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalWhite HouseFinancial Markets FinCENFraudFinancial InstitutionsInformation SharingUSA PATRIOT ActUS TreasuryScott Bessent
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Treasury Secretary Bessent Urges Community Banks to Bolster Financial Security Against Illicit Activity
Treasury Secretary Scott Bessent called on community banks to be the first line of defense against financial crime, highlighting new guidance and an Executive Order to combat fraud and illicit activity, particularly in areas like Houston.
BusinessPolitics and GovernmentLaw EnforcementEconomyFederal GovernmentEmployment and LaborWhite House US TreasuryCommunity BanksFinancial SecurityFraudExecutive OrderFinCENTexas