Former California police chief charged in CalPERS double-dipping fraud case

A federal jury found Brian Ahakuelo, 61, former elected business manager and financial secretary of the Inter­ national Brotherhood of Electrical Workers, Local Union 1260, and his wife, Marilyn Ahakuelo, 59, guilty of one count of conspiracy, which carries a maximum sentence of five years, and 42 counts of wire fraud, which each carry a maximum sentence of 20…

Prosecutors in the New York tax fraud trial against the Trump Organization wrapped up their case on Monday, earlier than expected, after eight days that included testimony from two top executives. The prosecution rested its case early without calling one of their witnesses, allowing attorneys for former President Donald Trump's family business to begin…

North Texas Couple Charged With $684,000 Paycheck Protection Program Fraud. A North Texas couple has been charged with defrauding the Paycheck Protection Program out of more than $684,000, announed U.S. Attorney for the Northern District of Texas Chad E. Meacham. Muyej was also charged with eight counts of money laundering and one count of theft of government…

CHICAGO– Each year, thousands fall victim to boiler-room schemes which use high-pressure sales techniques to convince unsuspecting victims to invest in fictitious investments that appear to be real, according to IRS Criminal Investigation. The organization said criminals hide behind fake investment firms and a network of shell companies to prey on…

Russell Laffitte began Monday morning on the witness stand under withering cross-examination by prosecutors in his federal bank fraud trial. The former small-town banker admitted to prosecutor Emily Limehouse that he approved a series of moves initiated by disgraced attorney Alex Murdaugh to take money out of the accounts of Murdaugh’ s clients to pay off…

CHARLOTTE, N.C. Federal authorities say a Charlotte man set up a Ponzi-style fraud scheme, and victims included family members and friends. On Friday, U.S. Attorney Dena J. King announced an unsealed indictment against 52- year-old Wynn A.D. Charlebois of Charlotte. The Charlotte man's first court appearance was Friday morning after FBI agents picked him up.

A jury has found a Canton man not guilty in a federal criminal case involving an alleged $40 million financial fraud scheme, according to court documents. Prosecutors said that the notes were not backed by hard assets, and accused Torchia of pushing investments into Credit Nation, raising over $40 million, lying to investors, knowing the company did not have the…

Richard Paulus needs to be moved out of Ashland, renewing the assertion that the jury pool is tainted due to the length of the case. Additionally, prosecutors said in a motion filed Tuesday that having the trial in Covington— the original venue of the 2016 trial— would be more convenient for "the primary victims of his fraud— the insurance companies who paid for the…

Medicare fraud is a $60 billion a year cost to taxpayers, according to Senior Medicare Patrols, grant-funded projects of the federal U.S. Department of Health and Human Services. During enrollment time, you might discover that you can't enroll because someone else is using your Medicare number to get your benefits, said Angel Hanzik, outreach specialist for…

State labor officials' failure to replace New York's long-troubled unemployment insurance system contributed to at least $11 billon in payments lost to fraud amid the COVID-19 pandemic's first year. That is among the striking findings of a state audit that slammed state Labor Department officials for leaving New York vulnerable to an historic wave of…

Theranos founder Elizabeth Holmes, set to be sentenced Friday, should go to prison for 15 years and pay back investors she defrauded, federal prosecutors argued in a blistering sentencing memo. Holmes founded Theranos in 2003 at age 19, and propelled the company and herself into nationwide prominence through false claims that her machines could conduct a…

On Nov. 9, 2021, a federal grand jury returned one of the most sweeping indictments ever filed in a white-collar case in U.S. District Court in Erie. The grand jury charged that the Erie-based Hertel& Brown Physical& Aquatic Therapy, its founders and 18 of its employees conspired in a $22 million billing fraud scheme for 14 years, starting shortly after Hertel& Brown…

Testifying for the prosecution under immunity, Jeffrey McConney, a senior vice president, admitted to regularly helping executives cheat on their taxes while working down the hall from Donald Trump on Fifth Ave.. The primary beneficiaries, said the 67- year-old McConney, were the senior-most Trump Org executives outside of the Trump family: his boss, Chief…

Father Tom McDonough took out a $500,000 life insurance policy on Scott McDonough in 2003, and MetCon made monthly payments, the charges said. When Scott McDonough received a bill for the over $7,000 annual premium, he reportedly forged a name to transfer ownership of the policy to himself. Scott McDonough told an investigator with the Minnesota Commerce…

A probationary firefighter with the Denver Fire Department has been terminated after an arrest for investigation of insurance fraud. "Probationary Firefighter Chalchesa has been terminated as an employee with the Denver Fire Department effective immediately," the release said. The Colorado Attorney General's Office is part of an ongoing investigation.

A Waxahachie woman who allegedly defrauded pandemic-era financial programs out of more than $1.2 million has been federally charged, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham. According to the indictment, Ms. Bryant– the sole owner and operator of a number of limited liability companies, including Processing Services,…