All articles tagged with #fraud scheme
Originally Published 1 month ago — by The Guardian
Donald Trump granted clemency to David Gentile, a private equity executive convicted of a $1.6 billion fraud scheme, shortly after he began serving a seven-year prison sentence; Gentile was released in November, amid ongoing legal and regulatory scrutiny of his activities.
Originally Published 4 months ago — by BBC
Rapper Sean Kingston was sentenced to three and a half years in federal prison for a million-dollar fraud scheme involving theft of luxury goods, using fake wire receipts to deceive victims, with his mother also convicted and sentenced to five years.
Originally Published 5 months ago — by ABC News
Rapper Sean Kingston was sentenced to 3.5 years in prison for orchestrating a $1 million fraud scheme involving fake wire receipts and luxury item scams, leveraging his fame to deceive sellers, with his mother also convicted and sentenced to five years.
Originally Published 5 months ago — by The Washington Post
An Arizona woman was sentenced to over eight years in prison for orchestrating a scheme that helped North Korean workers secure remote jobs at U.S. companies using false identities, generating over $17 million mostly for North Korea.
Originally Published 6 months ago — by The Hill
The Justice Department has dropped charges against Utah doctor Michael Kirk Moore Jr., who was accused of discarding COVID vaccines and distributing fake vaccination cards, amid political support from GOP figures and scrutiny over government actions.
Originally Published 6 months ago — by Fortune
The U.S. Justice Department announced indictments against North Korean operatives and accomplices for a large-scale fraud scheme involving identity theft, fake companies, and cyber theft to fund North Korea's weapons programs, impacting over 100 companies including Fortune 500 firms, with schemes involving remote jobs, stolen virtual currencies, and laundering through crypto mixers.
Originally Published 7 months ago — by The New York Times
Tom Girardi, a former high-profile lawyer known for winning a record settlement for Erin Brockovich, was sentenced to over seven years in prison for embezzling tens of millions of dollars from his clients through a Ponzi scheme, and was ordered to pay more than $2.3 million in fines and restitution.
Originally Published 1 year ago — by Yahoo! Voices
A 23-year-old student in Taiwan, persuaded by a friend to amputate his legs for a $1.3 million insurance scam, ended up receiving only $7,200 and now faces arrest for fraud. The friend convinced him to soak his feet in dry ice to induce frostbite, but medical staff became suspicious of the injuries. Both individuals have been arrested and charged with fraud and aiding serious injury, highlighting the increasing rates of insurance fraud post-pandemic.
Originally Published 1 year ago — by The Washington Post
The U.S. is investigating an alleged Medicare fraud scheme estimated at $2 billion, involving fraudulent insurance claims for urinary catheters submitted by seven companies to the taxpayer-funded health insurance program for older Americans. The scheme, uncovered by health-care groups, saw a surge in bills submitted to Medicare for catheters that patients never ordered or received. Federal officials are investigating the companies involved, which have collectively billed Medicare about $2 billion for catheters in 2022 and 2023. The alleged fraud has raised concerns among healthcare providers and patients, with calls for swift action to combat fraudulent billing practices.
Originally Published 1 year ago — by New York Daily News
NYC developer Nir Meir, of HFZ Capital Group, is facing charges for allegedly orchestrating an $86 million fraud scheme involving luxury real estate projects near the High Line. Four alleged accomplices, including executives from a construction company, were arraigned on charges of grand larceny, conspiracy, and criminal possession of stolen property. The schemes involved diverting funds intended for projects, forging documents, and unpaid city property taxes. Meir's arrest marks a stunning downfall for the once-prominent developer, and additional defendants are expected to surrender to authorities.
Originally Published 1 year ago — by The New York Times
Nir Meir, a former executive at HFZ Capital Group, a prominent New York City development firm, was arrested in Miami and is expected to be charged in connection with a multimillion-dollar fraud scheme. The charges were brought by the Manhattan district attorney’s office, and several other individuals and businesses, including those associated with the construction firm Omnibuild, are also expected to be charged. HFZ Capital Group collapsed amid investor lawsuits and foreclosures, and the case involves suspected criminal conduct related to the company's operations.
Originally Published 1 year ago — by CNBC
The Department of Justice has announced criminal charges against two individuals and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency fraud scheme known as HyperFund, with the Securities and Exchange Commission also filing related civil charges against two of the individuals involved. The defendants falsely claimed that investors in HyperFund would receive substantial returns from cryptocurrency mining operations that did not exist, with the DOJ calling the level of alleged fraud staggering. Charged in the criminal case were Sam Lee, an Australian citizen living in Dubai, as well as two HyperFund promoters, Rodney Burton and Brenda Chung.
Originally Published 2 years ago — by NBC News
A U.S. Postal Service worker, Nakedra Shannon, and two others have been charged in a scheme where $24 million worth of checks were stolen from the mail and sold online through a Telegram channel. Shannon, who worked at a processing center in Charlotte, stole the checks from April to July of this year. The co-conspirators, Donnell Gardner and Desiray Carter, were also charged. Carter ran the Telegram channel where the checks were advertised, and Gardner facilitated the transactions. Undercover officers posed as buyers, leading to the arrests. The trio made "hundreds of thousands of dollars" from the illegal enterprise. They are facing charges of conspiracy, theft, and possession of stolen mail.
Originally Published 2 years ago — by KFSN-TV
The founders and co-CEOs of Bitwise, Irma Olguin Jr. and Jake Soberal, have been federally charged for a $100 million fraud scheme. They are accused of fabricating financial information, lying to investors and board members, and using fraudulent means to obtain investments and loans. The charges allege that the fraud began months earlier than previously known. Bitwise Industries collapsed in May, leaving 900 employees furloughed. Olguin Jr. and Soberal have surrendered themselves and are scheduled to appear in federal court.
Originally Published 2 years ago — by Department of Justice
Founders and executives of digital-asset company SafeMoon LLC, Braden John Karony, Kyle Nagy, and Thomas Smith, have been charged with conspiracy to commit securities fraud, wire fraud, and money laundering for defrauding investors in their decentralized finance digital asset called "SafeMoon." The defendants allegedly misled investors about the accessibility of locked liquidity and their personal holdings and trading of SafeMoon. As SafeMoon's market capitalization reached over $8 billion, the defendants diverted and misappropriated millions of dollars' worth of locked SafeMoon liquidity for personal gain. Karony and Smith have been arrested, while Nagy remains at large.