Fraud News From World Archives -

Financial Fraud: Sergey Kapustin Charged With One Count of Wire Fraud and Conspiring to Commit Wire Fraud

Auto Dealer Arrested In $2 Million Fraud On Russian Citizens NEWARK, N.J. – A New Jersey auto dealer was charged today for allegedly defrauding more than 140 Russian citizens who were customers... Read more »

Swiss Bank Tax: Final Resolutions Of Department of Justice And Swiss Bank Program

Justice Department Reaches Final Resolutions Under Swiss Bank Program Information Received Continues to Drive Civil and Criminal Enforcement Efforts The Department of Justice announced today that it has reached final resolutions with... Read more »

Financial And Tax Fraud: CHRISTOPHER A. JANSEN – President of Baytree Investors Inc. – Charges of Wire Fraud And Evading Income Taxes

Former President of St. Charles Company Sentenced to 70 Months in Federal Prison for Wire Fraud and Income Tax Evasion ROCKFORD — The former President of Baytree Investors Inc., a defunct St.... Read more »

Financial Fraud: United Shore Financial Services LLC (USFS) Pay For Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending

United Shore Financial Services LLC Agrees To Pay $48 Million To Resolve Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending WASHINGTON – United Shore Financial Services LLC (USFS) has agreed... Read more »

Investment Fraud: DAVID BLAINE WELLIVER Sentenced For Defrauding Investors in The Dblaine Fund

Investment Advisor Sentenced to Five Years for Defrauding Investors of $1.725 Million The United States Attorney’s Office for the District of Minnesota announced the sentencing of DAVID BLAINE WELLIVER, 56, to five... Read more »

Cyber Crime: IAT HONG, BO ZHENG, and CHIN HUNG Charged With Devising and Carrying Out a Scheme to Enrich Themselves by Obtaining And Trading on Material, Nonpublic Information

Manhattan U.S. Attorney Announces Arrest of Macau Resident and Unsealing of Charges Against Three Individuals for Insider Trading Based On Information Hacked from Prominent U.S. Law Firms Iat Hong Arrested On December... Read more »

Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That Defrauded Investors

Leader of $242 Million Investment Fraud Scheme Sentenced to 18 Years in Federal Prison Ponzi Scheme Involved Sale of Medical Debts Baltimore, Maryland – U.S. District Judge James K. Bredar sentenced Richard... Read more »

Tax Fraud: Anthony Cosica Sentenced For Multimillion-Dollar Cigarette Tax Fraud Scheme

Last Defendant in $48 Million Dollar Cigarette Tax Fraud Scheme Sentenced The case involved untaxed cigarettes sold in all 50 States and was the first prosecution in the nation under federal PACT... Read more »

Financial Fraud: Umair Hamid Charged with Wire Fraud, Aggravated Identity Theft, and Worldwide “Diploma Mill” Scheme

Manhattan U.S. Attorney Charges Executive Of Axact In $140 Million Diploma Mill Scam Preet Bharara, the United States Attorney for the Southern District of New York, Philip R. Bartlett, Inspector-in-Charge of the... Read more »

Investment Fraud: Naris Chamroonrat Charged Of Conspiracy to Commit Securities Fraud And One Count of Wire Fraud

Owner Of Day Trading Firm Charged In Worldwide Simulator Trading Account Scheme Scheme Targeted Hundreds of Investors in Over 30 Countries, Including the United States NEWARK, N.J. – A Thai man was... Read more »

Tax Fraud: Kevin Brown, Formerly of Capitol Heights, Sentenced For Identity Theft and Tax Fraud Scheme

 Maryland Man Sentenced to 135 Months in Prison For Scheme That Used Stolen Identifying Information To Fraudulently Seek More Than $20 Million in Tax Refunds Stole Identities of Nursing Home Patients and... Read more »

Cyber Crime: DAVID W. KENT, Owner Of, Guilty In Hacking Into a Competitor’s Network and Stealing Client Data

Oilpro.Com Founder Pleads Guilty In Manhattan Federal Court To Hacking Into Competitor’s Computer System Defendant Stole Information From Over 700,000 Customer Accounts Stored on a Competitor’s Database and Then Sought to Sell... Read more »

Financial Fraud: Phillip E. Southwood former owner of Southwood Industries, Inc., Sentenced for Multiple Bankruptcy-Related Crimes

Small Business Owner Sentenced to Prison for Bankruptcy Fraud Assistant U.S. Attorneys Joseph J.M. Orabona (619)546-7951 or Michael Heyman (619) 546-9615 NEWS RELEASE SUMMARY – December 19, 2016 SAN DIEGO – Phillip... Read more »
Financial Fraud, Investment Fraud

Investment Fraud: Seven Individuals Charged With Securities Fraud, Investment Adviser Fraud And Securities Fraud Conspiracy

Platinum Partners’ Founder And Chief Investment Officer Among Five Indicted In A $1 Billion Investment Fraud Two Additional Individuals Indicted In A $50 Million Bond Fraud Involving Black Elk Energy, One Of... Read more »
Financial And Tax Fraud Collects

List Of U.S. Attorney’s Office Collects in Civil and Criminal Actions for U.S. Taxpayers in Fiscal year 2016

U.S. Attorney’s Office made a report on what they collected in 2016 following offenses and civil actions in Fiscal for U.S. Taxpayers with a more than a $15.3 billion. Justice Department Collects... Read more »
Financial Fraud

Financial Fraud: Bogdan Nicolescu, Tiberiu Danet And Radu Miclaus Indicted in Cyber Fraud, Identity Theft And Wire Fraud

Three Romanian nationals indicted in cyber fraud case in which they infected 60,000 computers, sent out 11 million malicious emails and stole at least $4 million A 21-count indictment was unsealed in... Read more »
Investment Fraud

Investment Fraud: Richard Wyatt Davis Charged With One Count of Wire Fraud and Three Counts of Tax Evasion

Mecklenburg Co. Man Facing Federal Charges In Connection With $19 Million Investment Fraud Scheme Defendant Misused Victim-Investors’ Funds to Pay for Vacation Homes, Vehicles, a Chef and Other Personal Expenses CHARLOTTE, N.C.... Read more »
Financial Fraud, Loan Fraud

Financial Fraud: Two Brokers Charged For Scheme to Use Simultaneous Loan Applications to Fraudulently Obtain Home Equity Lines of Credit

Real Estate Brokers And Client Charged With Defrauding Banks In ‘Shotgun’ Loan Scheme NEWARK, N.J. – Two real estate brokers and a client were arrested today and charged in connection with a... Read more »
Healthcare Fraud

Healthcare Fraud: Forest Laboratories LLC And Forest Pharmaceuticals Inc. Agreed to Pay For Violated the False Claims Act by Paying Kickbacks

Forest Laboratories and Forest Pharmaceuticals to Pay $38 million to Resolve Kickback Allegations Under the False Claims Act Forest Laboratories LLC, located in New York, New York, and its subsidiary, Forest Pharmaceuticals... Read more »
Financial Fraud

Financial Fraud: James VanBlaricum Indicted For Ponzi Oil and Gas Fraud Scheme

Federal Grand Jury Indicts Colleyville Businessman on Mail Fraud Stemming from Ponzi Oil and Gas Fraud Scheme Defendant Operated Signal Oil and Gas Company FORT WORTH, Texas — A Colleyville, Texas, businessman,... Read more »