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The embattled California agency that provides employment services and unemployment insurance has been designated as a "high-risk" agency in a new report from the state auditor's office. The Employment Development Department's mishandling of the state's unemployment insurance program and its failure to issue accurate eligibility rulings poses a "…

WASHINGTON— The Justice Department on Tuesday said the FBI led a multinational effort involving the authorities from France, Germany, the Netherlands, the United Kingdom, Romania and Latvia to take down criminal infrastructure, disabling malware known as Qakbot. "The action represents the largest U.S.- led financial and technical disruption of a botnet…

WASHINGTON— The Justice Department announced today the results of a coordinated, nationwide enforcement action to combat COVID-19 fraud, which included 718 enforcement actions– including federal criminal charges against 371 defendants– for offenses related to over $836 million in alleged COVID-19 fraud. "The Justice Department has now seized over $1.4…
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Titan Global Management will pay a $1 million fine to the SEC for marketing rule violations.

The Securities and Exchange Commission last week fined Titan Global Capital Management, a New York-based fintech advisor, for misleading marketing under a newly amended rule.

Hagadone faces a maximum of 20 years in prison, $250,000 fine and three years of supervised release on the wire fraud crime and a mandatory minimum of two years in prison, consecutive to any other punishment, a $250,000 fine and one year of supervised release on the aggravated identity theft crime. Hagadone was released pending further proceedings.

COEUR d'ALENE— A Kootenai County judge has dismissed most of the claims in a civil lawsuit against three North Idaho College trustees. The civil lawsuit— filed last December by Mike Gridley, former attorney for the city of Coeur d'Alene— accused trustees Greg McKenzie, Todd Banducci and Mike Waggoner of fraud and of violating Idaho's open meeting laws.

Tim Temple will be Louisiana's next insurance commissioner after Rich Weaver, a political unknown who was the only other candidate, dropped out of that race Wednesday. Temple will inherit a thorny set of issues, with the homeowners' insurance market in turmoil in south Louisiana after four hurricanes slammed Louisiana in 2020 and 2021. In the last two years, nine…

CHARLESTON, S.C.– A longtime friend and accomplice of Alex Murdaugh was sentenced to 46 months in prison Tuesday. The charges stem from Fleming's involvement in a scheme to defraud the estate of Murdaugh's former housekeeper, Gloria Satterfield, out of over $4,000,000 in a wrongful death settlement. Murdaugh's insurance companies settled the estate's claim…

SAN DIEGO– Denny Bhakta of San Diego was arraigned in federal court on Friday, August 11, on additional charges that he fraudulently obtained $4 million in Paycheck Protection Program loans through several entities he managed and controlled. According to a press release from the Office of the U.S. Attorney Southern District of California, Bhakta was first…

The Mississippi Supreme Court has denied former NFL quarterback Brett Favre's attempts to escape a civil lawsuit over the Mississippi welfare scandal. The judge in the case, Hinds County Circuit Court Judge Faye Peterson, denied the motion in April. Favre appealed the decision to the Mississippi Supreme Court in May.

ORLANDO, Fla.— A former associate of Joel Greenberg was sentenced on Wednesday to more than six years in federal prison after pleading guilty to helping the disgraced Seminole County tax collector and others fraudulently obtain hundreds of thousands of dollars in federal loans during the Covid pandemic. Nabil Dajani— who also was ordered to pay $734,500 in…