Insurance & Financial Fraud

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SAN JOSE– The ex-president and CEO of a Santa Clara-based metal finishing company who improperly used corporate funds to buy jewelry from Tiffany& Co. and lease a Ferrari has been sentenced to 2½ years in federal prison, according to authorities. Harry Corl III, 71, of Pittsburg, was also ordered Tuesday to pay $253,625 in restitution to 30 former employees and…

Former President Donald Trump said the millions he needs to put up for a bond in his New York civil fraud case is going to force him to sell his assets at“ fire sale prices.”. The post comes after the former president’ s lawyers said Monday it’ s nearly impossible to get a bond for the $464 million he owes in the New York judgment against him for business fraud claims.

From his medical practice in North Carolina, Dr. For his services over several years, Randall was paid more than $300,000- not by his patients, but by L5 Medical Holdings, a company that needed his prescribing privileges to operate what prosecutors say was a drug and health care fraud enterprise. Randall, 73, is one of about a half-dozen heath care professionals and…

-Michael Cohen warned Monday that former President Trump could try to elicit money from foreign nations to pay for his mounting bills after his former boss's lawyers said it was "impossible" for them to secure the full bond due in his New York fraud case. Cohen made the remarks during a Monday interview with MSNBC's "Deadline: White House." Earlier Monday, Trump's…

Former President Trump's lawyers indicated in a court filing Monday that he is unable to secure the full $464 million bond due in his New York fraud case, an endeavor one insurance broker called "a practical impossibility." "The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching…

SANTA CLARA COUNTY– A former auto insurance agent has been charged with submitting fraudulent documents to obtain lower rates for his clients, as well as rack up thousands of dollars in commissions for himself, according to South Bay prosecutors. Truong allegedly submitted“ good student” forms from Mission College in Santa Clara to his employer, Farmers…

Now, Jonathan Moynahan Larmore, who owned a major section of Belleville Crossing shopping center at Illinois 15 and Frank Scott Parkway before it was placed under court-ordered receivership, faces criminal charges of tender offer and securities fraud. An indictment unsealed Friday in the U.S. Court for the Southern District of New York alleges Larmore used a "…

Mar. 14— GRAND FORKS— A Buxton, North Dakota, man was sentenced to one year of supervised probation for concealing a material fact in a matter within the jurisdiction of the U.S. government, the last of his four cases related to crop insurance claims. Darren Wade Tronson, 59, was involved in three civil cases and one criminal case relating to his potato farming…

Bruno Francis Ragusa, 53, was freed on a $10,000 unsecured bond after an appearance Tuesday in U.S. District Court in Providence, the U.S. Attorney's office in Rhode Island said Wednesday. It is alleged that Ragusa, through his North Attleboro- based company Atlantic Coast Senior Solutions, Inc., fraudulently obtained nearly $137,000 in sales commissions from…

A Connecticut business owner has been charged with submitting over $400,000 in fraudulent claims to Medicaid, officials said. Saruka S. Prima, 33, of Rocky Hill, was arrested Wednesday by inspectors from the Medicaid Fraud Control Unit in the Office of the Chief State "s Attorney and charged with one count of first-degree larceny by defrauding a public…

A Hopkinton couple was arrested Wednesday morning in connection with separate schemes to defraud workers compensation insurance carriers, the Small Business Administration, and their mortgage lender, the U.S. Attorney for Massachusetts’ office announced. Ronaldo Solano, 51, and Adriana Solano, 40, were indicted by a Boston federal grand jury on charges of…

“Bling Bishop” Lamor Whitehead was convicted at his Manhattan trial Monday of stealing the life savings of a parishioner’ s mother and perpetrating other schemes— falsely claiming along the way that Mayor Adams had given him“ the key to the city” to carry out his fraud. “We are appealing the verdict,” Whitehead’ s lawyer, Dawn Florio, said in brief remarks.

NEWRAK, NJ- U.S. Attorney Philip R. Sellinger announced that Vincent Dispoto Jr., a 66- year-old man from Belmar, has been arrested and charged with a serious wire fraud offense. Dispoto, who was taken into custody today, is accused of orchestrating a sophisticated investment fraud that lasted for decades, cheating at least 30 individuals out of more than $5 million.

Mar. 12— Five Star Bank in a federal lawsuit accused a Rochester- area restaurateur of engaging in a "check-kiting" scheme that defrauded the bank of $18.9 million. The Wyoming County- based bank, which serves upstate markets including Buffalo and Rochester, disclosed in a regulatory filing Monday that it had been defrauded by a business customer and was seeking to…

Donald Trump "s Hail Mary pass seeking more time to secure $83.3 million owed to E. Jean Carroll failed Thursday, giving the former president less than four days to come up with the colossal judgment— weeks out from a deadline to find half a billion dollars more in his historic fraud case. In a one-page decision, Manhattan Federal Court Judge Lewis Kaplan rejected…

Charles Epps II, 56, of Buffalo, pleaded guilty Wednesday before State Supreme Court Justice Paul B. Wojtaszek to one count of third-degree insurance fraud and third-degree grand larceny. Epps, who was injured in July 2020 while working as a corrections officer for the New York State Department of Corrections and Community Supervision, fraudulently…

NEW YORK- FTX founder Sam Bankman-Fried's spectacular rise and fall in the cryptocurrency industry- a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president- hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10…