Insurance & Financial Fraud

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,…

NEW YORK– New York state lawyers urged an appellate court Wednesday not to buy former President Donald Trump's claims that it's impossible to post a bond fully covering a $454 million civil fraud judgment while he appeals. The "defendants fail to propose a serious alternative to fully secure the judgment," Dennis Fan, a lawyer in the state attorney general's…

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…

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…