tldrdaily.news logo
Tag

Bank Fraud

All articles tagged with #bank fraud

labor-and-growth6 days ago

Financial Adviser Ordered to Pay $37 Million Restitution for Bank Swindling

Jesse Hill, a financial adviser involved in a $45 million bank fraud scheme with Aaron Marshbanks, has been ordered to pay over $37 million in restitution, though full repayment is unlikely due to limited assets and income. The scam, possibly Nebraska's largest bank fraud case, involved falsified collateral documents to secure fraudulent loans used for personal luxury and covering investment losses. Hill is serving a five-year prison sentence, and assets including property and a plane are expected to be sold to satisfy the debt.

via Nebraska Examiner|
#aaron-marshbanks#bank-fraud#jesse-hill
crime17 days ago

Fake Heiress Turned Fugitive: Ex-Employees Reveal Long-Running Scam

Mary Carole McDonnell, once a successful TV producer and alleged aviation heiress, is now a fugitive wanted by the FBI for bank fraud and identity theft, accused of defrauding banks of nearly $30 million by falsely claiming connections to the McDonnell Douglas family and forging documents, while former employees of her company Bellum Entertainment recount unpaid wages and a company shutdown amid her alleged long con.

via NBC News|
#bank-fraud#crime#fbi
politics3 months ago

NY Attorney General Letitia James Indicted on Bank Fraud Charges

The Justice Department has indicted New York Attorney General Letitia James on charges of bank fraud and making false statements, allegedly related to a mortgage application, amid political pressure from President Trump, who has criticized her investigations into him. James denies the charges, calling them politically motivated, and plans to contest them in court.

via NPR|
#bank-fraud#indictment#letitia-james
law-and-politics3 months ago

New York AG Letitia James Indicted Amidst Legal and Political Tensions

New York Attorney General Letitia James was indicted in Virginia on charges of bank fraud and false statements related to a mortgage, amid ongoing political tensions involving Donald Trump, who publicly called for her prosecution. James denies the charges, calling them politically motivated, and plans to fight them while continuing her work against Trump and his organization.

via CNBC|
#bank-fraud#indictment#law-and-politics
politics3 months ago

Grand Jury Considers Indictment of NY Attorney General Letitia James

Letitia James has been indicted by a federal grand jury for bank fraud, in a move seen as part of Donald Trump's efforts to target political rivals through the Department of Justice. The case was presented by US attorney Lindsey Halligan, who was recently appointed amid Trump's frustrations with investigation progress. This follows recent charges against former FBI director James Comey.

via The Guardian|
#bank-fraud#department-of-justice#indictment
world-news1 year ago

Vietnamese Tycoon Faces Execution After $12 Billion Fraud Appeal Fails

Vietnamese tycoon Truong My Lan has lost her appeal against a death sentence for orchestrating a $44 billion bank fraud, the largest in history. Convicted of embezzling $12 billion, she can avoid execution by repaying $9 billion, 75% of the embezzled amount. Despite her assets exceeding this value, selling them has been challenging due to legal constraints. Her case is part of Vietnam's "Blazing Furnaces" anti-corruption campaign, and she is one of the few women sentenced to death for white-collar crime in the country.

via BBC.com|
#bank-fraud#corruption#death-penalty
sports1 year ago

Shohei Ohtani's Ex-Interpreter Pleads Guilty to Fraud and Theft

Ippei Mizuhara, former interpreter for Shohei Ohtani, pleaded guilty to bank and tax fraud charges, admitting to wiring nearly $17 million from Ohtani's account to pay off gambling debts. Mizuhara faces a maximum prison sentence of 33 years and potential deportation. Ohtani expressed relief at the closure of the investigation, and the Dodgers are ready to move forward.

via ESPN|
#bank-fraud#ippei-mizuhara#mlb
sports1 year ago

Ex-Ohtani Interpreter Ippei Mizuhara Pleads Guilty in Sports Betting Case

Ippei Mizuhara, former interpreter for baseball star Shohei Ohtani, pleaded guilty to bank and tax fraud, admitting to stealing nearly $17 million from Ohtani to cover sports betting debts. Mizuhara faces up to 33 years in federal prison and must pay restitution. Ohtani was not involved in the gambling activities and has cooperated with investigators.

via The Associated Press|
#bank-fraud#ippei-mizuhara#mlb
sportscrime1 year ago

"Ohtani's Ex-Interpreter to Plead Guilty in Multi-Million Dollar Theft"

Ippei Mizuhara, former interpreter for MLB star Shohei Ohtani, is set to plead guilty to stealing nearly $17 million from Ohtani to cover gambling debts. Mizuhara faces up to 33 years in prison for bank fraud and filing a false tax return. The scandal has strained the once-close relationship between Ohtani and Mizuhara and highlighted issues surrounding sports gambling.

via CNN|
#bank-fraud#gambling#ippei-mizuhara
crime1 year ago

Epoch Times CFO Charged in $67M Money Laundering Scheme

Weidong "Bill" Guan, CFO of The Epoch Times, has been charged with participating in a $67 million money laundering scheme involving cryptocurrency, fraudulently obtained unemployment benefits, and stolen personal identification information. Guan, who pleaded not guilty, faces up to 20 years for money laundering and 30 years for each bank fraud charge. The Epoch Times has suspended Guan and pledged to cooperate with the investigation.

via USA TODAY|
#bank-fraud#crime#cryptocurrency