—Days after former President Donald Trump posted a $175 million bond to block New York state from imminently collecting on a huge civil fraud judgment, state lawyers Thursday called for more information on the bond’ s bona fides. State Attorney General Letitia James' office filed papers giving Trump's lawyers or the bond underwriter 10 days to“ justify” the bond—…
Insurance & Financial Fraud
Two Miami- area brothers pleaded guilty Wednesday to securities fraud stemming from insider trading on millions of dollars’ worth of stock in a local company that merged with former President Donald Trump’ s media firm to create a publicly traded social media platform. Michael Shvartsman, 52, of Sunny Isles Beach and Gerald Shvartsman, 46, of Aventura, who were…
In Cumberland County, Pennsylvania, three individuals, Kwa'rai Samuel, Lori Fish, and Kevin Hartung, along with two fictitious auto body repair shops named LKR Auto Body and Hopper's Foreign Auto Body and Parts, are charged with defrauding insurance companies of over $300,000. The fraudulent operation involved obtaining 28 automobile insurance policies…
—Two managers of a Saudi oil exploration company went on trial in Switzerland on Tuesday for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the“ biggest kleptocracy case” ever. Malaysian investigators allege that over $4.5 billion was stolen from the…
–Former President Trump posted a $175 million bond in his New York civil fraud case Monday evening, staving off the possible seizure of his assets while appealing a state judge's ruling against him over deceitful business practices. The bond, from the Knight Specialty Insurance Company, automatically bars New York Attorney General Letitia James from…
The office of the U.S. Attorney for the Southern District of Indiana issued the following news release:. Christopher Turean, 43, of Fishers, has been sentenced to four years in federal prison after pleading guilty to wire fraud and filing a false tax return. On July 16, 2019, Turean created a company called " SCNT LLC" and opened a bank account that he alone controlled.
That's how long crypto wunderkind Sam Bankman-Fried was sentenced to prison on Thursday after being convicted of seven counts of fraud over the collapse of a crypto exchange that was once seen as a key players in the world of finance. The sentence was delivered by Judge Lewis Kaplan in a Manhattan courtroom, who cautioned that Bankman-Fried "will be in a…
JACKSON, Miss.– Mississippi Secretary of State Michael Watson and the Securities Division of his office issued a Summary Cease and Desist Order against BlackRock, Inc.. BlackRock provides exchange-traded funds, or pooled investments categorized as securities, and currently manages over $9 trillion in investments through 70 offices in 30 countries.
Ross Perot isn't successful like me. He regularly threw out numbers like $9 and $10 billion in net worth, and had attempted to sue folks like Timothy O'Brien, author of " Trump Nation: The Art of Being Donald," for suggesting otherwise. Now that he's facing a $454 million bond in his New York civil fraud case, Trump is looking to you- voters and taxpayers- to fork over your…
Thousands of customers duped by what the Federal Trade Commission calls a fraudulent, celebrity-promoted real estate training program will soon get a refund as part of one of the largest consumer protection settlements in Utah history. Response Marketing, which according to state records is registered in Lindon, Utah, was sued by the Federal Trade…
There are two important things to know about the long-delayed resolution of Attorney General Ken Paxton’ s securities fraud case. First, it’ s the right outcome, especially after so many years. The Republican AG and his political allies will try to persuade you that Paxton is cleared of wrongdoing and any remaining legal peril is the work of political enemies.
Federal prosecutors unsealed an insider trading indictment Tuesday against three current and former minor league baseball players, including a Valhalla High School graduate drafted by the Tampa Bay Rays, accusing them of illegally making about $189,000 off Jack in the Box's 2021 acquisition of Del Taco. The indictment and the SEC lawsuit allege that…
Feds allege that former NJ man funded high-flying life via investor fraud
A former New Jersey man used “a litany of fraud schemes” to steal millions of dollars from investors, the state U.S. Attorney’s Office said.
A New York appeals court on Monday temporarily stopped the clock on the looming enforcement of a multimillion-dollar judgment against former President Trump and his company over deceitful business practices. In a terse order, a five-judge state appeals court panel said it would pause the enforcement of the $464 million judgment against Trump, the Trump…
When the coronavirus threatened to turn the nation into a graveyard of failed businesses, Congress rushed through an emergency loan program: about $800 billion— roughly the size of the annual defense budget— was doled out in a matter of months to millions of companies. “It was a free for all,” said Michael Brown, an FBI supervisory special agent who heads a financial…
—Former President Donald Trump could find out Monday how New York state aims to collect over $457 million he owes in his civil business fraud case, even as he appeals the verdict that led to the gargantuan debt. James, a Democrat, told ABC News last month that if Trump doesn't have the money to pay, she would seek to seize his assets and was "prepared to make sure that the…
Mr. Trump made the wealth claim on Truth Social, days after his lawyers said the former president couldn't satisfy a $464 million bond while he appeals a business-fraud judgment against him. Mr. Trump raged at Judge Arthur Engoron as he faced a Monday deadline to satisfy the bond or face collection actions by New York Attorney General Letitia James.
COLUMBUS, Ohio— The former executive of a Columbus- based car insurance company faces prison time for embezzling more than $10 million from the company. Brinson Caleb Silver, 43, was sentenced to just over four years in federal prison on Thursday on wire fraud and contempt of court charges, the U.S. Attorney for the Southern District of Ohio's office announced.
Saruka S. Prima, 33, of Rocky Hill, was arrested by Inspectors from the Medicaid Fraud Control Unit in the Office of the Chief State's Attorney and chaiged with one count of larceny in the first degree by defrauding a public community, one count of health insurance fraud and two counts of identity theft in the first degree. According to the arrest warrant affidavit,…
