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…
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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…
N.Y. regulators hit insurance companies for multiple policy versions
New York regulators put insurance companies on notice for selling multiple versions of the same policies, saying the practice is discriminatory.
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…
SEC acknowledges JAMS arbitration issue, but offers no fix
Attorneys and arbitration experts say the JAMS forced arbitration process harms investors and allows RIAs to avoid liability for misconduct.
SEC obtains judgement against Lindberg co-defendant in fraud case
A North Carolina judge approved a settlement with former insurance executive Christopher Herwig, who the Securities and Exchange Commission accused of teaming with financier Greg Lindberg to defraud investors.
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…
The U.S. Attorney for the Northern District of New York, Carla B. Freedman, issued the following news release on July 6, 2023:. The announcement was made by United States Attorney Carla B. Freedman; Matthew Scarpino, Special Agent in Charge of the Buffalo Field Office of Homeland Security Investigations; New York State Inspector General Lucy Lang; Jonathan Mellone,…
GREENSBORO, N.C.– A Raeford woman could face up to 10 years in prison after pleading guilty to defrauding a victim insurance company out of more than $4.5 million, federal prosecutors say. The U.S. Attorney for the Middle District of North Carolina accused Kris Williams-Falcon of submitting millions of dollars in claims to the victim insurance from April 2021 to…
Texas judge deals DOL another setback on rollover regulation
A second federal court dealt a blow last week to the Department of Labor’s ongoing bid to extend fiduciary status to more rollover transactions.
Four residents of Rockville and Taneytown have been indicted for allegedly filing more than $700,000 worth of fraudulent unemployment insurance claims during the coronavirus pandemic. Cindy Boadu, Kelvin Boadu and Kwame Boadu, all of Rockville, are each charged with theft scheme over $100,000, conspiracy to commit theft scheme over $100,000, 38 counts of…
The U.S. Attorney for the Northern District of New York, Carla B. Freedman, issued the following news release on July 5, 2023:. Thomas Brace, a/k/a "Justice," age 62, of Altoona, Pennsylvania, pled guilty today to conspiring to defraud the New York State Department of Labor by obtaining unemployment insurance benefits under the names of seven other people, including…
The six defendants involved in the scheme, including three Westchester residents and a Long Island man, were arrested and arraigned in late June for their role in a scheme that allegedly defrauded homeowners in Yonkers and New Rochelle, the Westchester County District Attorney's Office announced on Monday, July 3. According to officials, the scheme targeted…
The nonpartisan, Washington, D.C.- based Campaign Legal Center is asking the Federal Election Commission to investigate Toronto- based ECN Capital Corporation for violating federal campaign finance laws that prohibit contributions from foreign nationals and foreign corporations. Campaign reports filed with the Florida Secretary of State's office show…
