Insurance & Financial Fraud

LUBBOCK, Texas— In late March, a federal bankruptcy judge in Texas dismissed fraud claims against several banks and lenders accused of enabling a large cattle‑ industry Ponzi scheme with ties to Kentucky. Brian McClain is alleged to have orchestrated a Ponzi and check‑ kiting scheme involving fictitious cattle inventories through three interconnected…

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&…

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for April. The actions are…

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…

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for March. The actions are…

The office of the U.S. Attorney for the Southern District of New York posted the following news release:. United States Attorney for the Southern District of New York, Jay Clayton, announced today the unsealing of an Indictment charging RONALD SMITH, formerly a registered broker at a brokerage firm in New York City, with securities fraud, wire fraud, falsification…

TLDR Goliath Ventures filed for Chapter 11 bankruptcy in the Southern District of Florida Founder Christopher Delgado was arrested February 24 on wire fraud and money laundering charges Authorities allege the firm ran a $328 million Ponzi scheme affecting over 2,000 investors Funds were allegedly used to pay earlier investors and fund luxury travel and […] The post Crypto Firm…

Defendants also include Highmark and UPMC, who pay Express Scripts to manage their drug plans. When Express Scripts separated from Martella’ s Pharmacy last year, those insurers deferred comment to Express Scripts. The class action filed on behalf of Johnstown- area residents is one of many lawsuits against Cigna’ s Express Scripts subsidiary.

JPMorgan Chase JPM has been sued by victims of an alleged $328- million cryptocurrency Ponzi scheme in a case that raises fresh questions about whether large banks are doing enough to detect and prevent financial crime. The proposed class action, filed in federal court in California, accuses JPMorgan of enabling fraud linked to crypto investment firm…

Mar. 3— BRIDGEPORT— A former Connecticut broker and investment advisor has been indicted for defrauding three financial services companies of more than $3.3 million, federal prosecutors said. Andrew M. Komarow, 36, of Avon, has been charged with 10 counts of wire fraud and one count of securities fraud in connection with the alleged scheme, according to David…

Haselkorn& Thibaut wins $1.28 M FINRA award against Fidelity over structured note losses, intensifying its investigation into Vora Wealth Management strategies. PALM BEACH, FL, UNITED STATES, March 3, 2026/ EINPresswire.com/– Haselkorn& Thibaut, a national investment fraud law firm, has announced a FINRA arbitration award totaling over $1.28 million in…

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for February. The actions are…

The Securities and Exchange Commission announced today the entry of a final consent judgment as to Fernando Passos in the SEC's civil enforcement action that charged Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media…

JAMIE DIMON, COME ON DOWN! Trump announced the litigation 10 days ago on Truth Social, insisting that he would never consider a loser like Dimon, the CEO of JP Morgan Chase, to lead the Fed or Treasury. And yesterday he actually filed the thing in local court in Miami-Dade.