Insurance & Financial Fraud

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Customers say Old National Bank failed to protect from fraud

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A second Minnesota business owner in five weeks has sued Old National Bank, saying it should have but failed to halt an advanced con that cost him nearly $550,000. “We never got a call,” said Moline, president of Marshall, Minn.- based Midwest Ag Enterprises Inc..“ They left us wide open.”. The suit comes after a Minneapolis business sued the bank this summer over a fraud that…

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DES MOINES, Iowa— A Wisconsin man has been sentenced to prison for his part in a $14.25 million wire fraud and money laundering scheme in southern Iowa. The Iowa Insurance Division's Fraud Bureau also launched an investigation into unauthorized investment meetings conducted across Allamakee, Clayton, Madison, Mitchell, Wapello, and Winneshiek counties.

TAMPA, Fla.— A Brandon man has been indicted on a count of mail fraud as part of a mortgage fraud scheme, according to federal prosecutors. The U.S. Attorney's Office for the Middle District of Florida said Brandon Dutch Mendenhall, 46, of Brandon, Florida, operated RAD Diversified REIT and other investment funds that got people to invest in real estate.

Massachusetts Attorney General Andrea Joy Campbell on Friday sued­ UnitedHealth Group’ s insurance subsidiary, UnitedHealthcare, alleging the company intentionally made low-income older adults appear sicker than they were over the past decade to boost its bottom line. Pressure to increase revenue and profit in the Medicaid plan in the state led the…

Let me hit you with a scene from the movie adaptation of Michael Lewis's book on the subprime mortgage crisis, The Big Short. First some context: in the movie, hedge fund manager, Mark Baum has purchased credit default swaps from derivatives trader, Jared Vennett as a short against $1 billion in subprime mortgage-backed securities. Jared: Listen, I told you when we…

Danny W. Seibel, 55, of Lindsay, was indicted Dec. 3, 2025, on 18 crimes outlined in a 19- page indictment issued by a federal grand jury in Oklahoma City's Western District federal court. The First National Bank of Lindsay was closed Oct. 18, 2024; the Federal Deposit Insurance Corp. was named receiver; and the bank's insured deposits were transferred to First Bank&…

Account holders across California could be eligible for payouts after the international banking company reached a $425 million settlement in a class action lawsuit. “Capital One assured high returns with no catches, then pulled the rug out from under their customers and hoped nobody would notice,” New York Attorney General Letitia James said in a 2025…

Justin Sun, a Chinese national accused of fraud who invested $75 million in President Trump’ s crypto firm after his election victory, is now suing the shady venture, which he says is“ on the brink of collapse.”. Sun noted that he remains an“ ardent supporter of President Trump and his Administration’ s efforts to make America crypto friendly,” regardless of the lawsuit,…

Towson attorney Jacob Rappaport pleaded guilty to felony conspiracy charge of bank fraud. Rappaport reportedly conspired with investor Alexander Schultz to inflate real estate prices in Baltimore deals. A Towson attorney pleaded guilty Wednesday to a felony conspiracy charge after federal prosecutors accused him of fraudulently inflating prices in…

Defendant Joshua Flores, a truck driver, had illegally parked his tractor-trailer for the night in the shoulder area of an acceleration lane exiting a rest stop in Montgomery County. Plaintiffs raise negligence and respondeat superior claims against Joshua Flores and Move Freight Trucking LLC. Move Freight Trucking, LLC and Joshua Flores argue that Lopez’ s…