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…
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…
ASHEVILLE– A criminal indictment has been unsealed in federal court in Asheville, charging four individuals with allegedly executing a multi-million dollar bank fraud scheme, announced Dena J. King, U.S. Attorney for the Western District of North Carolina on June 20. The indictment charges Kotto Yaphet Paul, 48, of Waxhaw, N.C., Latoya Tamieka Ford, 48, of…
The National Council of Insurance Legislators is not happy with a proposed federal regulation to crack down on micro-captive insurance companies.
Jun. 26— Contra Costa prosecutors have charged five people from two Bay Area construction companies with fraud and conspiracy charges, District Attorney's Office officials said. Gilbert Guiotti, 60, and Christopher Vieira, 62, were charged with operating Centrox Construction, of San Bruno, as a shell company to route unlawful payments to unlicensed…
Nassau County District Attorney Anne T. Donnelly announced that a couple from Hicksville were arraigned for allegedly submitting fraudulent paperwork and obtaining more than $12, 000 in rental assistance funds to which they were not entitled that were administered as part of a COVID relief program through the Town of Oyster Bay. Michael Arbassio, 65, and…
HARRISBURG– The Pennsylvania Senate recently unanimously confirmed Michael Humphreys to serve as insurance commissioner of the Pennsylvania Insurance Department. When nominated by Shapiro in January, Humphreys was tasked with strengthening enforcement and compliance of mental health parity laws in Pennsylvania and making mental health parity a…
A fraud case against a Massachusetts advisor has many in the annuity industry concerned about federal regulatory overreach.
CORAL SPRINGS, FL– Federal prosecutors have charged a 43- year-old Coral Springs man for allegedly defrauding investors out of $100 million through a trucking company– and using money to renovate his home, make mortgage payments, pay for personal expenses, and trade stocks. According to a news release from U.S. Department of Justice on Friday, Sanjay Singh, 43, the…
Today, Chief Financial Officer Jimmy Patronis announced the arrest of Nancy Salomon in St. Lucie County for a False and Fraudulent Insurance Claim for her alleged involvement in a scheme to defraud her home insurance company out of more than $25,000 in insurance proceeds. FORT PIERCE, Fla.- Today, Chief Financial Officer Jimmy Patronis announced the arrest of…
LANSING, Mich.— Two individuals have been arraigned and a third remains at large in a criminal case stemming from a wide-ranging signature fraud scandal that knocked five Republican gubernatorial candidates out of Michigan's primary race last year. Shawn Wilmoth and Jamie Wilmoth-Goodin were arrested Wednesday night and arraigned in 37th District Court…
Steve Buyer, 64, of Noblesville, Indiana, is scheduled to be sentenced on July 11 for his March conviction by a jury on four securities fraud charges. He served in Congress from 1993 to 2011.. “As a former lawyer and member of Congress, he knew the law prohibited his conduct and he chose to break the law anyway to make even more money for himself,” they wrote.
