Tag

Loan Scam

All articles tagged with #loan scam

labor-and-growth10 days ago•4 min saved

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

crime1 year ago•1 min saved

Woman arrested for wheeling dead uncle into bank to apply for loan

A woman in Brazil was arrested after attempting to take out a loan in her dead uncle's name at a bank in Rio de Janeiro. The man had likely been dead for at least two hours, and the woman claimed he wanted to sign papers for a $3,250 loan. Bank employees became suspicious and called the police, who confirmed the man was dead. A video circulating on social media shows the woman talking to the reportedly dead man in a wheelchair. The woman is being charged with fraud and abuse of a corpse, and police are still investigating the cause of the man's death.

via USA TODAY|

#abuse-of-corpse #bizarre-incident #brazil

crime2 years ago•2 min saved

Online Scam Leads to Tragic Family Massacre in Thailand

Thai police have charged a man with premeditated murder after he allegedly killed his wife and two young sons before attempting suicide, following a loan scam that left the family in significant debt. At least 11 individuals are suspected to be involved in the scam, which targeted the man's wife and resulted in the loss of over 1.7 million baht ($48,000). Thailand has been grappling with a surge in cybercrime and scam cases, with the police receiving over 200,000 online scam reports in 2022 alone. Criminal gangs have forced hundreds of thousands of people in Southeast Asia into participating in unlawful online scams, according to a recent UN report. In response, Thailand enacted a new law allowing banks to freeze suspicious accounts for 72 hours without requiring victims to submit a police report.

via ABC News|

#crime #cybercrime #family-murder