Four Iowa businessmen accused of fraudulently collecting millions in tax credits from the U.S. Treasury are now being sued in federal court for $70 million. The lawsuit, filed in U.S. District Court for the Southern District of Iowa, paints a startling picture of how four Iowans allegedly invested a total of $250 to establish an Iowa company that quickly…
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May 5— A Glastonbury man held civilly liable in 2011 along with former Manchester Mayor Peter P. DiRosa Jr. and others for defrauding a retiree in Maine of $1.4 million, was sentenced this week to four years in federal prison for a separate $6.2 million fraud, the Massachusetts U.S. attorney's office says. Thomas David Renison, 69, of the South Glastonbury section of…
Donelon issues $2 M in fines to McClenny Moseley& Associates for insurance fraud scheme. BATON ROUGE— Insurance Commissioner Jim Donelon issued fines totaling $2 million this week to Texas law firm McClenny Moseley& Associates, founding partners James McClenny and John Moseley, and Louisiana managing partner William Huye III for engaging in unfair trade…
Four Iowa businessmen accused of fraudulently collecting millions in tax credits from the U.S. Treasury are now being sued in federal court for $70 million. The lawsuit, filed in U.S. District Court for the Southern District of Iowa, paints a startling picture of how four Iowans allegedly invested a total of $250 to establish an Iowa company that quickly…
The Fed raises rates again, continues tug-of-war with inflation
The Fed’s tug-of-war against inflation continued this week as the central bank again raised interest rates to ward off rising prices while crossing its fingers that it won’t wreck the economy by pushing joblessness to new heights.
Damian Williams, the United States Attorney for the Southern District of New York, announced that STEVEN SHORT, the former head of Florida- based E.M. Systems& Services LLC and affiliated companies, was sentenced today to 78 months in prison for conspiracy to commit wire fraud and bank fraud in connection with his participation in a fraudulent scheme to obtain…
COLLETON COUNTY, S.C.- Disgraced former Hampton County attorney and convicted murderer Alex Murdaugh is responding to a May 2022 lawsuit filed by his former insurance company claiming Murdaugh defrauded the company out of millions when he got a payout for the death of his former housekeeper. Nautilus Insurance Company covered Murdaugh in 2018 when his…
May 2— A 57- year-old Hudson man who owns and operates a health club in Nashua was indicted in federal court Monday for attempting to fraudulently obtain over $1 million in CARES Act funding— the latest in a pipeline of cases in New Hampshire related to the illegal use of COVID rescue plan money. Matthew Dispensa, owner/operator of the Gateway Hills Health Club in…
COLUMBUS, Ohio– A disgraced Belmont County attorney who stole more than $800,000 from an elderly client with dementia will spend five years behind bars. Mark Alan Thomas, 63, of St. Clairsville, was sentenced in federal court on Tuesday after pleading guilty to mail fraud associated with his theft of $882,502 from an 86- year-old woman over the course of nearly…
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for April. The actions are…
The U.S. Attorney for the District of Massachusetts, Rachael S. Rollins, issued the following news release on April 28, 2023:. A Rhode Island man pleaded guilty yesterday in federal court in Boston in connection with a fraudulent scheme to obtain over $450,000 in COVID-19-related unemployment assistance. Alexander participated in a scheme that obtained over…
Silicon Valley Bank failed due to a perfect storm of incompetent management, insufficient supervision and weak regulations, the Federal Reserve said in a report Friday. "Following Silicon Valley Bank's failure, we must strengthen the Federal Reserve's supervision and regulation based on what we have learned," said Michael Barr, the Fed's vice chair for…
The chief of staff for the Cobb County Sheriff's Office was arrested Friday and charged with insurance fraud and making false statements. "The investigation is unrelated to his duties at the Cobb County Sheriff's Office," the statement said. "He previously worked jobs at the Georgia Board of Pardons and Paroles, the Governor's Office of Transition, Support and…
Two former leaders of We Build the Wall, where Kansas Attorney General Kris Kobach was the top lawyer, have been sentenced to prison for defrauding hundreds of thousands of donors to the non-profit effort to build strips of privately-funded wall along the southern border. Steve Bannon, a former adviser to former President Donald Trump who was involved with the…
–Christopher Burns, a former youth pastor at Perimeter Church in Georgia turned financial advisor, is now on the FBI' s Most Wanted list for allegedly defrauding dozens of investors of millions of dollars, which he splurged on a lavish lifestyle and an obsession with Disney World. "Burns is charged for allegedly stealing millions of dollars from clients in an…
JACKSON, Miss.– A Jackson lobbyist pled guilty on Wednesday to conspiracy to defraud investors in a timber deed investment scheme. U.S. Attorney Darren J. LaMarca said Ted Brent Alexander, 57, of Jackson pled guilty before U.S. This guilty plea resulted from an investigation by the Federal Bureau of Investigation.
The U.S. Attorney for the Northern District of Alabama, Prim F. Escalona, issued the following news release on April 26, 2023:. Another individual has been convicted in the latest in a series of cases involving multi-million-dollar health care fraud and kickback conspiracies, announced U.S. Attorney Prim F. Escalona, Federal Bureau of Investigation Special…
Apr. 26— She was working as a waitress in a Hamburg restaurant when she took gaming tickets and placed fraudulent bets on Quick Draw, Mega Millions and Powerball while placing bets for customers. The waitress, Danielle K. Bush, got caught after the restaurant owner conducted an internal audit of billing statements from the New York Lottery that uncovered "…
Theranos founder Elizabeth Holmes has made a Hail Mary bid that will delay her imprisonment for felony fraud. Holmes late Tuesday asked the U.S. Court of Appeals for the Ninth Circuit to overturn an order by the judge who oversaw her trial to surrender herself for incarceration tomorrow. But earlier this month, Judge Edward Davila ordered her to start serving…
Apr. 27— West Chester Twp.' s insurance company sued Ford Motor Company after the engine on a Ford Explorer police cruiser spontaneously combusted, and the mega vehicle manufacturer wants new "Lemon Law" claims dismissed. The township and its insurance company, the Ohio Township Association Risk Management Authority, filed suit in Butler County Common Pleas…
