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WASHINGTON- Chair Jerome Powell indicated that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. Debt limit talks in standstill as GOP, White House face' real differences'. WASHINGTON- Debt limit talks came to an abrupt…

The Social Security Administration and its Office of the Inspector General continued to raise public awareness about Social Security imposter scams during the fourth annual "Slam the Scam" Day in March. Social Security scams— where fraudsters pressure victims into making cash or gift card payments to fix alleged Social Security number problems or to avoid…

LAS VEGAS— The Summerlin resident who proved infomercial pillow salesman Mike Lindell wrong about election fraud filed a lawsuit Friday after Lindell failed to pay him the $5 million award that a panel of arbitrators had ordered. Computer forensics expert Robert Zeidman completed Lindell's "Prove Mike Wrong Challenge" in August 2021, in which Lindell…

The report alleges that the Bank of England, Banque de France, European Central Bank, Banca d'Italia, Banco de Espana and the Federal Reserve Bank of New York interfered with the London and Euro Interbank Offered Rates, or Libor and Euriobor, benchmarks on a grand scale as the financial crisis deepened in the fall of 2008.. Agencies including the FBI and Britain's…

U.S. Attorney Darren LaMarca said Aubrey Martinez was sentenced to two years of probation for theft of unemployment insurance benefits related to the COVID-19 pandemic. According to court documents, Martinez assisted Evans in applying for benefits with the Mississippi Department of Employment Security. The U.S. Department of Labor, Office of Inspector…

COLLETON COUNTY, S.C.- Former Hampton County attorney and convicted murderer Alex Murdaugh is asking for his confession in an insurance fraud and wrongful death case involving his late housekeeper to be void. On February 2, 2018, the Murdaugh's longtime housekeeper Gloria Satterfield died at the family property known as Moselle. According to court documents,…

SARASOTA, Fla.— A 66- year-old Sarasota insurance agent who funded a life of luxury with money collected from "victim-investors" was found guilty on nine counts of wire fraud following a six-week trial. Authorities say 66- year-old Phillip Wasserman, a former Sarasota lawyer and licensed insurance agent, convinced several elderly "victim-investors" to put…

RALEIGH, N.C.- A Raleigh woman has plead guilty to using her real estate business to fraudulently obtain federal COVID relief funds. U.S. Attorney for the Eastern District of North Carolina Michael Easley said 32- year-old Shakeerah Kaneisha Yvette Vinson pleaded guilty today to conspiracy to commit wire fraud for fraudulently obtaining a Paycheck…

WASHINGTON— New York Congressman George Santos is facing federal charges, including money laundering and fraud, after turning himself in and entering a not guilty plea in court. Additionally, Republican Texas Congressman Tony Gonzalez wants the House to vote to expel Santos. The U.S. House makes its own rules for how the chamber operates and there are no set…

It came to the floor the day after Santos was indicted in New York on 13 federal charges accusing him of deceiving donors, lying on his financial disclosure forms and fraudulently receiving unemployment benefits. The New York Republican signed on to be a co-sponsor of the bill— titled the Protecting Taxpayers and Victims of Unemployment Fraud Act— in March.

Michael Capps is seeking to avoid prison time after he was convicted of 12 felonies for defrauding federal pandemic relief programs of nearly $500,000 when he was a member of the Kansas House of Representatives. His sentencing hearing is scheduled for Thursday afternoon at the U.S. Courthouse in downtown Wichita. "Without question, his conduct substantially…

Douglas Hawkins, of Richmond, was sentenced to 10 years in prison for defrauding clients of $2 million by concealing information about real estate properties he was encouraging them to invest in. Hawkins’ law license was suspended by the Kentucky Bar Association shortly after his conviction, according to the Bar’ s website. He also owned his own company, Rite…

Gbenga Akinbode, 33, of Newark, New Jersey, is scheduled to appear today before U.S. Magistrate Judge Jessica S. Allen in Newark federal court and was released on $300,000 bail. U.S. Attorney Sellinger credited special agents of the U.S. Department of Labor, Office of Inspector General, under the direction of Special Agent in Charge Jonathan Mellone, Northeast…