Regulation News

He obtained $1.5 million in federal COVID relief funds. BOSTON- The owner of a Massachusetts food truck business has been sentenced to two years in prison for fraudulently obtaining about $1.5 million in federal COVID-19 pandemic relief loans- money that he used to invest in the stock market. Loc Vo owned Smart Gourmet LLC, a food truck business in Massachusetts,…

COLUMBUS, Ohio— A former treasurer for a group representing Columbus City Schools union members pled guilty to bank fraud on Wednesday, according to Kenneth Parker, United States Attorney for the Southern District of Ohio. Court documents stated that 72- year-old Phelton Woods of Reynoldsburg wrote unauthorized checks from the Columbus School Employees…

A California Institution for Women inmate serving a life sentence for murdering her mother became the 14th person convicted in a scheme to fraudulently obtain more than $1.5 million in California unemployment insurance benefits between June 2020 and April 2021. The benefits were mostly relief payments earmarked for California residents who were…

Ratha Yin was sentenced to 55 months in prison for his part in a conspiracy to commit mail and wire fraud in a scheme to defraud the State of California by filing unemployment claims in the names of other people, announced United States Attorney Ismail J. Ramsey and Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp, and Department of Labor…

The U.S. Attorney for the Southern District of Ohio, Kenneth L. Parker, issued the following news release July 18, 2023:. A Tipp City man was sentenced in U.S. District Court today to 18 months in prison for defrauding a local non-profit organization. According to court documents, Draines controlled and operated Freedom for Living Property Management, LLC in Tipp…

The U.S. Attorney for the Northern District of California, Ismail J. Ramsey, issued the following news release on July 17, 2023:. A federal jury today convicted Harlan Kelly, the former General Manager of the San Francisco Public Utilities Commission of charges that he accepted bribes and gifts from a local businessman in a scheme to provide confidential…

A 69- year-old man has been sentenced to 78 months in prison for his role in a fraud scheme that led to a federally recognized American Indian tribe in Michigan losing more than $1 million, authorities announced Monday. Between December 2015 and December 2016, he served as CEO of an entity focused on developing economic opportunities to benefit the Grand…

The highly publicized lawsuit brought by Mallory Beach’ s family in her 2019 boat crash death against a Lowcountry convenience store operator and former lawyer Alex Murdaugh was settled Sunday for $15 million, lawyers connected with the case said. Lawsuits brought by four other passengers on the boat, allegedly piloted by an intoxicated Paul Murdaugh, were…

The U.S. Attorney’ s Office in Portland has won another case involving fraud of pandemic loans, with a Beaverton man convicted of defrauding banks and the federal government. The U.S. District Court in Portland last week sentenced 62- year-old Theodore Johnson to serve 15 months in federal prison for one count of bank fraud. Court documents filed by U.S. Attorney…

Temple noted that Louisiana homeowners face difficult market conditions with insurance premiums in large part because of recent hurricanes and tornadoes, which have affected nearly all areas of the state. He said he was pleased with the Louisiana Legislature's recent approval of funding to fortify homes, including roof and water intrusion mitigation…

SAN DIEGO– Constantin Sandu of Romania pleaded guilty in federal court on Tuesday, July 11, admitting that he masterminded a scheme to steal more than $5 million in California unemployment insurance benefits intended to help workers impacted by the pandemic. plus 213 unnamed Romanian co-conspirators across California and in Romania to fraudulently obtain…

Andrew Marnell, a resident of West Los Angeles, has been sentenced to 79 months in federal prison for orchestrating a scheme to fraudulently obtain approximately $9 million in COVID-19 business loans. Marnell, 43, used a portion of the funds for gambling trips to Las Vegas and transferred some to his stock trading accounts. Between March and July 2020, Marnell…

Charges against 14 people in a $53 million Payroll Protection Program fraud scheme are the latest in a slew of cases federal prosecutors in Texas are pursuing against business owners who took advantage of the federal government's pandemic relief program. The Paycheck Protection Program was an $800 billion emergency loan program created in March 2020– the…

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for June. The actions are…