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The U.S. Attorney for the Southern District of New York, Damian Williams, issued the following news release on Sept. 19, 2023:. Damian Williams, the United States Attorney for the Southern District of New York, announced that STEPHEN BUYER, a former Indiana Congressman, was sentenced today to 22 months in prison by U.S. U.S. Attorney Damian Williams said: "Stephen Buyer…

But this week the federal government more than doubled its estimate in stolen payments to as much as $135 billion. The finding is a rebuke to the Biden Administration, which had previously put the fraud total as low as $45 billion based on surveys of state programs. Fraud claimed 11 percent to 15 percent of the nearly $900 billion that Washington paid out over…

The walls seem to be closing in on freshman U.S. Rep. George Santos as federal prosecutors asked Judge Joanna Seybert to postpone the Sept. 7 status conference to continue discussions on "possible paths forward" in his fraud case. Prosecutors accused him of fraudulently obtaining unemployment benefits, using campaign contributions to pay down personal debts…

The U.S. Attorney for the Northern District of Texas, Leigha Simonton, issued the following news release on Sept. 14, 2023:. An Irving man pleaded guilty today to submitting fraudulent insurance claims for COVID-19 testing, resulting in a more than $7 million loss to insurers, announced U.S. Attorney for the Northern District of Texas Leigha Simonton.
Image shows a courthouse in the background, fronted by a message from the DOL
The DOL is still defending Trump-era investment advice rules in court.

The DOL filed a brief reiterating its defense of investment advice rules published during the Trump administration. Those rules were sued in Florida and Texas upon taking effect in February 2022.

Fraudsters stole up to $135 billion in unemployment benefits during the coronavirus pandemic, the Government Accountability Office reported Tuesday, delivering the most thorough government examination of the problem to date. In addition to fraud, states say they have identified another $50.5 billion in overpayments in the Unemployment Insurance…

A controller at a Louisville firm used her access to company debit and credit cards to steal more than $260,000, according to a federal news release. A grand jury in Louisville indicted Amy D. Hall, 37, on seven charges of wire fraud. Hall, the accounting controller of a design and construction company, stole more than $260,000 from her employer between December…

Donald Trump and his advisers are mapping out an economic agenda with harsher trade policies and deeper tax cuts if he returns to the White House, stirring anxiety within the U.S. business community of potential retaliatory measures. Jacking up tariffs could spur inflation, hurt U.S. manufacturing and prompt other countries to increase their tariffs as well,…

The U.S. Attorney for the District of New Jersey, Philip R. Sellinger, issued the following news release on Aug. 30, 2023:. An Indian national admitted today that he conspired with others to devise a scheme to defraud various telephone providers and insurance companies out of millions of dollars by using stolen or fake identities to submit fraudulent claims for…
Image shows the Department of Labor logo and building with question marks beside them.
Which direction will the Department of Labor take with its impending fiduciary rule?

The Department of Labor stayed silent Wednesday on a new fiduciary rule rewrite it promised to unveil by the end of August.

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…