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…
Insurance & Financial Fraud
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…
Insurance fraud epidemic continues; drives up operational, consumer costs
Insurance fraud, considered a $310 billion a year criminal business, shows no signs of slowing, according to the U.S. Federal Trade Commission
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…
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for February. The actions are…
Some estimates suggest that 20 cents of every premium dollar go to cover the cost of insurance fraud. For a family of four, that comes out to about $3,800 a year, or slightly less than $1,000 per person. What could you do with an extra $3,800 a year?
Army counselor accused of defrauding Gold Star families faces an April trial
An Army Reserve major who served as a financial counselor with the Army’s Casualty Assistance office and who has been accused of defrauding two dozen Gold Star families will go to trial in April.
‘Annuity King’ Wasserman seeks new trial as sentencing date draws near
Phillip Roy Wasserman is scheduled to be sentenced Friday in his $6.3 million fraud case and Judge Charlene Edwards Honeywell appears determined to avoid any further delays.
