Tag

Wire Fraud

All articles tagged with #wire fraud

crime-and-public-safety23 hours ago•11 min saved

Orlando crypto CEO’s $328M Ponzi scheme alleged to fund lavish life and real estate

The DOJ accuses Christopher Delgado, 34, founder/CEO of Orlando-based Goliath Ventures, of running a $328 million Ponzi scheme from 2023 to 2026 that misused investor funds—only about $1 million went into a crypto liquidity pool while the rest paid earlier investors, financing lavish events and four luxury homes in Windemere, Winter Park, Kissimmee, and Sanford; Delgado was arrested on wire fraud and money-laundering charges and had public ties to charities and local politics.

via Orlando Sentinel|

#crime-and-public-safety #cryptocurrency #money-laundering

crime25 days ago•3 min saved

Michigan judge among four indicted in ward-fund embezzlement scheme

A sitting Michigan judge, Andrea Bradley-Baskin of the 36th District Court, and three Detroit-area residents were indicted on conspiracy to commit wire fraud and related charges for allegedly siphoning hundreds of thousands from wards’ estates through Guardian and Associates and related entities. Alleged schemes included using about $70,000 to buy a stake in a bar, diverting roughly $203,000 from a ward’s settlement, and a two-year lease on a Ford Expedition for the judge, with money laundering counts and a false-statement charge also tied to Bradley-Baskin. FBI and U.S. Attorney officials described the case as fiduciary abuse of vulnerable individuals in probate matters.

via FOX 2 Detroit|

#crime #embezzlement #guardianship

crime1 month ago•1 min saved

Georgia financial adviser pleads guilty in $380 million Ponzi scheme

A Georgia financial adviser, founder of Drive Planning LLC, pleaded guilty to wire fraud for running a $380 million Ponzi scheme that victimized more than 2,000 people. Prosecutors say the fraud offered apparently real estate-backed short‑term loans with 10% returns every three months, encouraged investors to tap retirement accounts, and used funds to buy luxury assets including a $2 million yacht, a $2.1 million condo in Mexico and a motorcoach. A plea deal seeks more than 17 years in prison; investigators are attempting asset liquidation to recover losses, but full restitution is unlikely. The former chief operating officer also pleaded guilty.

via CBS News|

#crime #fraud #georgia

crime1 month ago•2 min saved

Ex-flight attendant posed as pilot and crew to rack up hundreds of free flights

A former Canadian flight attendant, Dallas Pokornik, used fake employee IDs to obtain free airline tickets reserved for pilots and crew on U.S. carriers, even seeking a cockpit jump seat, in a four-year scheme. Indicted on wire fraud, extradited from Panama to Hawaii, and facing up to 20 years in prison if convicted.

via CBS News|

#airlines #crime #fraud

crime1 month ago•1 min saved

Cross-Border Basketball Fixing: 20 Indicted

Federal prosecutors indicted 20 people—former college players, trainers and gamblers—alleging they rigged college basketball in the U.S. and pro hoops in China through bribery and wire-fraud schemes as part of a broad gambling operation; the case stems from a widening FBI investigation and follows other related arrests.

via NBC News|

#basketball-fixing #bribery-in-sports #crime

politics4 months ago•0 min saved

Trump Commutes Prison Sentence of Ex-GOP Rep. George Santos

President Donald Trump has commuted the sentence of former Congressman George Santos, who was serving time for identity theft and wire fraud, leading to his immediate release from prison.

via The Washington Post|

#donald-trump #george-santos #identity-theft

world6 months ago•1 min saved

Rapper Sean Kingston Faces Prison for Wire Fraud

Rapper Sean Kingston and his mother Janice Turner were found guilty of wire fraud for a scheme involving over $1 million, using Kingston's celebrity status to defraud luxury businesses, and are set for sentencing with Kingston facing prison and house arrest.

via NBC News|

#celebrity-fraud #luxury-business-scam #prison-sentence

politics6 months ago•2 min saved

Marjorie Taylor Greene Urges Trump to Pardon or Commute George Santos's Sentence

Rep. Marjorie Taylor Greene is urging the Trump administration to pardon former Rep. George Santos, who is serving a prison sentence for wire fraud and identity theft, citing his support for Trump and his remorse, amidst ongoing discussions about clemency for MAGA loyalists.

via Axios|

#congress #george-santos #marjorie-taylor-greene

world7 months ago•2 min saved

George Santos Begins 7-Year Federal Prison Term Amid Scandal

Disgraced ex-congressman George Santos has begun a seven-year prison term after pleading guilty to charges including wire fraud and identity theft, stemming from a series of lies and financial crimes that led to his expulsion from Congress.

via BBC|

#congress #george-santos #identity-theft

crime8 months ago•1 min saved

South Florida man convicted for posing as flight attendant to fly free over 120 times

Tiron Alexander, a man who falsely posed as a flight attendant to obtain 34 free flights and access secure airport areas, was convicted of wire fraud and illegal entry, with potential sentences of up to 30 years in prison.

via CNN|

#airport-security #crime #flight-attendant

world8 months ago•3 min saved

Florida man impersonates airline staff to fly free over 120 times

A 35-year-old airline employee was convicted of wire fraud for posing as a flight attendant to illegally book over 120 free flights across multiple airlines, using fake credentials and badge numbers, and now faces up to 30 years in prison.

via One Mile at a Time|

#airline-employee #airline-scheme #flight-fraud

entertainment8 months ago•3 min saved

Tom Girardi Sentenced to 7 Years for Fraud and Embezzlement

Tom Girardi, Erika Jayne's ex-husband, was sentenced to over 7 years in prison for embezzling millions from clients, including victims of the Lion Air crash, and was ordered to pay restitution. Girardi was convicted of wire fraud, using his celebrity status to deceive clients, and his sentencing follows his guilty verdict in 2024. Erika Jayne, who filed for divorce in 2020, expressed shock over the scandal.

via New York Post|

#entertainment #erika-jayne #legal-scandal

crime1 year ago•4 min saved

Biden Commutes Sentence of Swartz Creek Ponzi Scheme Operator

President Joe Biden has commuted the sentence of Gregory McKnight, a Swartz Creek man who pleaded guilty to wire fraud for operating a $72 million Ponzi scheme through his company, Legisi Holdings. McKnight, who was sentenced to over 15 years in prison in 2013, promised high returns to over 3,000 investors but used funds from new investors to pay earlier ones. His sentence was originally set to end in December 2025. The commutation does not alter his conviction or imply innocence.

via MLive.com|

#crime #gregory-mcknight #joe-biden

crime1 year ago•2 min saved

Denver Man Indicted for $1M Investment Fraud Targeting Pro Athletes

Ian Gregory Bell, a Denver man, has been charged with multiple counts of wire fraud, mail fraud, and money laundering for allegedly defrauding over two dozen investors, including professional athletes, out of $1.3 million. Federal authorities claim Bell misrepresented his trading success and used investor funds for personal expenses. The SEC has also filed a civil suit against him for securities fraud, alleging he provided fake investment performance screenshots and lost all the investor money he traded. Bell has pleaded not guilty and was released on a $20,000 bond.

via The Denver Post|

#crime #denver #investment-fraud

sports1 year ago•3 min saved

New Arrests and Charges in Jontay Porter NBA Gambling Scandal

Two more men, Timothy McCormack and Mahmud Mollah, have been charged in a sports betting scandal involving former NBA player Jontay Porter, who was banned for life by the NBA. The scandal involves bets placed based on insider tips from Porter about his plans to exit games early. The scheme allegedly netted significant winnings, but suspicions led to blocked payouts and further investigation. Federal prosecutors have not confirmed if Porter is under investigation, but details in court documents align with his actions and banishment.

via NBC News|

#federal-charges #gambling-scandal #jontay-porter