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The great diabetes fraud
2012-02-01 08:21:00 In their constant struggle to get control of what we eat, the food Fascists are always warning us that “obesity” will give us diabetes, which is a very nasty ailment indeed. But, as far as I can see, this is deliberate dishonesty. A well-known symptom of diabetes is insatiable eating (”polyphagia” ...
FEDEX SCAM
2012-01-26 18:29:00 We were recently informed about a scam involving FedEx that's been making rounds and alerting watchdogs. The scheme involves getting a hold of a person's checking information and swiping $500 to open up a new FedEx account. Then there's another jux (possible supplement) that involves receiving an anonymous check for a large sum that's addressed to and from unknown parties. The goal is to entice the receiver to cash it so that it bounces and their account info gets snagged. Watch out for both!
Arson: Intentional Wildfires, Negligence, Insurance Fraud and Murder for Hi
2012-01-12 17:26:00 This is a guest article by Mannie Barling. The Santa Ana winds are blowing. Red flag warnings are out. And Southern California, Arizona and New Mexico are bracing themselves for possible wildfires that endanger homes, structures and National Parks. At times it seems like fires are a natural disaster that rivals tornadoes and hurricanes. But, ...
$150 million dollar fraud……..for kickbacks to referring physi
2012-01-10 22:59:00 January 9, 2012 – The U.S. government has filed a $150 million complaint against a Michigan imaging company, charging it with allegedly violating federal Medicare rules requiring physician supervision of diagnostic tests, and with paying kickbacks to physicians for referrals. AuntMinnieMobile is sponsored in part byGE. The U.S. Attorney’s Office for the Eastern District of Michigan filed the complaint on January 6 against Universal Imaging of Ypsilanti, MI, and its current and former owners, Phillip J. Young and Mark Lauhoff. The complaint charges them with multiple violations of the federal False Claims Act, and alleges that they generated more than 90% of their business by paying kickbacks to physicians. Qui tam whistleblower The case originated in a complaint filed by radiologist Dr. Richard Chesbrough and his wife Kim Chesbrough, who formerly worked at Universal and who filed a qui tam whistleblower suit under the False Claims Act. In 2005, Chesbrough...
Oakland Mayor Jean Quan Recall Effort Scarred By Voter Fraud Claim - Two Gr
2012-01-06 07:41:00 Oakland Mayor Jean Quan undoubtedly fears the recall effort launched against her, but from what this blogger has learned, it’s currently marred by not two, but three (yes, 3) competing efforts, backbiting, and the appearance of voter fraud. How it all started was that long-time Oakland activist Gene Hazzard (who was instrumental in ‘drafting’ then-former (Read More...)
Firm Documents Increase In Holiday Cyber Fraud
2011-12-25 06:54:00 iovation is the leader in device reputation technology. They work to prevent all types of fraud and abuse on the Internet, including account takeovers, which occurs when your existing bank or credit card accounts are infiltrated and money is siphoned out. iovation also helps prevent new account fraud, which refers to financial identity theft in ...
How Much Fraud On Record-Breaking Cyber Monday?
2011-12-21 14:43:00 The Washington Post reports that this holiday season, Cyber Monday expanded into an entire week of record-breaking online shopping. From Sunday, November 27 through Saturday, December 3, consumers spent nearly $6 billion over the Internet, a 15% increase over the same week in 2010. During the first 32 days of the November-December holiday season, online ...
4 Tips to Prevent Auction Holiday Fraud
2011-12-20 09:18:00 Auction fraud refers to fraudulent transactions that take place through auction and classifieds websites. Either a product advertised may be misrepresented by the seller or the items sold are never delivered at all. This holiday season, as you seek out hard-to-find gifts and look for the best prices, keep in mind that not everyone out there ...
Kris Humphries Files for Annulment, Claims Fraud
2011-12-01 04:00:00 After only 72 days of marriage, Kim Kardashian filed for divorce from her hubby Kris Humphries. Now, the NBA star is seeking an annulment from the Kourtney & Kim Take New York star based on fraud. Kim Kardashian Pays To Keep Kris Humphries? Engagement Ring “There’s a clear conflict if one spouse is seeking a ...
When you face an Internet Banking Fraud..in India
2011-11-07 14:23:00 Internet banking frauds are common place particularly in India. I often receive requests for guidance on this matter from victims from different parts of India not knowing what to do. I am therefore placing these brief instructions for public information. What is stated here is my considered opinion (not to be construed as legal advice) as an Ex-Banker ...
The Evolution Of Online Fraud Prevention
2011-10-04 16:00:00 Around 1994, when I operated a small mail order catalog business, it was very difficult to obtain ?merchant status,? or approval to accept Visa, MasterCard, Discover, and American Express cards. It was easier if you had a storefront, but payment processors made mail order businesses jump through more hoops. Their main concern was that companies could ...
Study Shows Banks Blocking More Fraud
2011-09-26 16:00:00 Network World reports, ?The Financial Services Information Sharing and Analysis Center (FS-ISAC) polled 77 financial institutions and asked how many account takeovers occurred in 2009 and during the first six months of 2010. The FS-ISAC consists of a group of banks that shares threat information and interacts with the federal government on critical infrastructure issues. ...
Grads sue law schools for fraud
2011-08-29 16:17:00 Two big law schools are being sued by former students for fraud, negligent misrepresentation and deceptive business practices. The dispute is about how the law schools advertised their students’ success rate after graduation. The lawsuits claim that the schools inflated the post-graduation employment statistics, including salaries of graduates, and basically tricked students into... Read more »
Illegal Alien Driver's License Fraud
2011-05-18 10:27:00 (Albuquerque, New Mexico) The state of New Mexico allows foreign nationals illegally in the United States to obtain driver's licenses and it's not surprising that the system is wide open to fraud. According to fraud investigator Alvan Romero, "This problem...
By: Diggers Realm
Senate Bill Introduced to Combat SBA Fraud
2011-03-21 16:28:00 By: Edward T. DeLisle Senator Olympia Snowe, R-Maine, introduced a bipartisan bill on Thursday that is designed to combat fraud and abuse in the world of small business contracting. As we have reported, the General Accounting Office (GAO) has issued a number of reports over the last several years detailing the existence of fraud in the HUBZone, Service-Disabled, Veteran-Owned Small Business (SDVOSB) and 8(a) programs. These reports have generated much discussion about the need to revamp the system and, in certain circumstances, talk has led to action. The implementation of the current SDVOSB verification system is but one example of the government’s response to the current state of affairs. S. 633, entitled the “Small Business Contracting Fraud Prevention Act of 2011” (Fraud Prevention Act), is designed to take the government’s ability to respond to fraud and abuse in small business contracting to a new level. As reported by Law360, the Fraud Preventio...
Democrat Election Fraud: Fake Tea Partiers Charged
2011-03-18 21:30:00 -By Warner Todd Huston Early in 2010 two former leaders of the Michigan Democrat Party came up with a brilliant idea, one that has just gotten them charged with election fraud. Back in May of 2010, it was discovered that a new party was circulating petitions to get itself official recognized by the state as an official political party. It was supposed to be called "The Tea Party." Local activist and blogger, the late Chet Zarko, tracked down who was behind the petition drive and found that this "Tea Party" was being pushed by a group well known to be a fixture in Michigan democrat Party activism. This called into question the legitimacy of this "Tea Party" party....
Fake @MayorEmanuel a F--ing Fraud?
2011-02-22 18:44:00 I knew that would get your f--ing attention. That and f--ing Hambone.
The Long Term Impact of Vaccine/Autism Fraud Study
2011-01-06 16:01:00 You may have seen today's report from CNN.com entitled "Doctor Defends Retracted Autism Study." The physician states that he received money not only from the British Medical Journal, but also the Sunday Times of London - where he has been employed since the early 1980s. This physician was stripped of his medical license in May. I, along with other people, are trying to get people to let go and move on from the false assertion that vaccines are linked to autism. But, what will be the long term impact of not only this fraudulent study, but its affect on the public? On a daily basis, the press hammers physicians for accepting as much as a pen from pharmaceutical companies. Oh yeah, accepting even a pen is against the law. Maybe that's why I haven't seen anymore pharma pens around. Hmm... This false study will not only help perpetuate the false perception that vaccines are linked to autism, but also will hamper announcements of any future medical studies, as the question of bias an...
By: Doctor Anonymous
The 12 Scams of Christmas: #12 - Secret Skimmer Fraud
2010-12-27 23:05:00 Continuing with Professor Fraud's Twelve Scams of Christmas, here is ... Scam #12: Secret Skimmer Fraud And suddenly it's January. You had a great Holiday season. But the piper must be paid ... and so the credit card bills start rolling in. But while looking over one of the bills you notice a slew of charges that you didn't make, mostly for on-line purchases. How could this be? Your wallet wasn't stolen or your pockets picked. Your credit card was never out of your sight. Or was it? Suddenly you remember that day when you were finishing up your Holiday shopping, and that one store clerk. Oh, he was very helpful, but said that his sales register wasn't working...
2 Local Illinois Officials Get Jail Time for Vote Fraud
2010-12-23 14:00:00 -By Warner Todd Huston Cahokia, Illinois -- Kyle Johnson and Trevon Tompkin, both former Cahokia Village Trustees, were sentenced to serve jail time for vote fraud perpetrated during the 2009 municipal elections. Cahokia Village is a southern suburb of East St. Louis, Illinois, situated in the state's south western corner across the Mississippi River from St. Louis, Missouri. Kyle Johnson was given five years probation and 14 days in the St. Clair County Jail as part of a plea deal with prosecutors. Trevon Tompkin was given five years probation and ten days in jail. Naturally none of the news reports mention the party affiliation of these fine examples of civic virtue. (H/T MarathonPundit)...
The 12 Scams of Christmas: #6 - Credit Card Refund Fraud
2010-12-16 23:30:00 Continuing with Professor Fraud's Twelve Scams of Christmas, here is ... Scam #6: Credit Card Refund Fraud It happens every Holiday Season. You buy too many gifts. Or you find a better gift for that special someone. So you're back at the store where you bought the item, asking the clerk to apply the return credit to the credit card on which you purchased the gift. The clerk goes away, processes the transaction, and returns with a long slip of paper which the clerk has conveniently folded up, and drops it into one of your shopping bags. Did you look at the slip? Carefully? You should ... because some unscrupulous clerks have been known to process these transactions...
The 12 Scams of Christmas: #4 - Phony Order Confirmation / Phishing Fraud
2010-12-14 23:35:00 Continuing with Professor Fraud's Twelve Scams of Christmas, here is ... Scam #4: Phony Order Confirmation / Phishing Fraud Just checking my emails. Oh look, an email from a retailer informing me that there's a problem with the Christmas presents I ordered. That's funny ... the email isn't addressed to me, but to "Dear Customer"... there are some misspellings ... and poor grammar. And you know, I don't even remember ordering from this store. It's undoubtedly an example of a growing phishing scam known as the "Phony Order Confirmation Fraud." What the fraudsters would like you to do is click on the link in the email, which will take you to a site where you'll be asked to supply them with...
Nominating Petition Fraud Is Nothing New In Chicago
2010-12-05 08:25:00 Nominating Petition Fraud Is Nothing New In Chicago Assertions made by Maricela Rodriguez and Alex Caplan, both notary public's, that their signatures and stamps had been forged on a number of Candidate Nominating Petitions is nothing new when it comes to Chicago's Machine Politics. Petition fraud used to be an art-form in some political wards...Still, great care was taken to legitimize the illegitimate petitions.
Election Fraud: What to look for ... Where to report it ... And other tips
2010-11-01 22:03:00 Tuesday is Election Day, and with it comes a lot of talk in the media about election fraud. And the reporting runs the gamut from MSNBC's Rachel Maddow and Eugene Robinson calling it "mythology" to Fox News establishing an email address (VoterFraud@FoxNews.com) for fielding reports of election fraud from its viewers. Why, there's even "an app for that" (although, as noted below, do not try using the app feature for sending in photos or videos from your polling place; you could get arrested). So first up: is election fraud just myth? Come on folks, you live in Chicago! Of course it's not a myth! It's part of our history, and I don't mean just the 1960 Presidential election. The last...
4725 South Michigan: Mortgage Fraud Alleged By The State
2010-10-28 23:00:00 Someone took note of my posts about the 4725 South Michigan condo association and suggested that I do some more searching.
Fraud against dementia patients on the rise
2010-10-25 16:10:00 A growing number of dementia patients in Asia are being swindled of their money and assets by relatives and friends, and legal experts on Saturday urged people at risk to protect their wealth when they are still able to. Early diagnosis of the disease, which is expected to afflict more people in fast-ageing Asia in coming decades, is especially important and those who know they are at risk need to draw up wills, enduring powers of attorney while they are still mentally sound, the legal experts told a regional Alzheimer?s disease conference in Kuala Lumpur. Dementia is a fatal brain-wasting disease which affects memory, thinking, behavior and ability to handle daily activities. Patients in Asia are forecast to reach 64.6 million by 2050, more than half the global estimate of 115 million that same year.
Anatomy of Mortgage Fraud
2010-10-18 03:29:00 The deeper you look, the worse this is getting: By now, everyone should be faintly aware (ahem, sarcasm added) that we are in massive meltdown across the entire financial spectrum. Our banks are proven to be fraudulent to the very core. A stupendously large Ponzi scheme is now unraveling before our very eyes. Some people will tell ...
BLAM! Teresa Giudice and husband accused of fraud...
2010-09-05 22:09:00 Well, thanks to the Giudices for once again crapping all over my day off with their shenanigans. And thanks a lot all other reporting agencies for running with the story so I have to...Jerks.Anyway, once again I waive my big "I told you so" banner, because I knew the Giudices were going to get popped for this eventually. Turns out that big bad trustee dude is not at all happy with the Giudice's bankruptcy filing. You see they failed to declare that lil' thing called a $250k advance for Skinny Italian: Adventures in Frozen Pizza Dough, filed FAKE tax returns, and didn't declare a bunch of other stuff. I knew that book advance was in the 6 figures. Told ya....
Fraud at nonprofits rampant; Archdiocesan website can help
2010-08-29 00:01:00 Recently the Chicago Tribune and other media outlets reported on the case of Theresa Carlquist, a suburban woman charged with embezzling over $100,000 from a youth football league. While such headlines may appear infrequently, the incidents of fraud being perpetrated by insiders against nonprofits is not rare at all. The troubling fact is that nonprofit agencies are easy victims to fraud committed by persons working within such organizations. By contrast, large corporations have the manpower and resources to put an appropriate level of internal control in place to help detect and/or prevent occupational frauds such as skimming and embezzlement. And if that wasn't enough, the federal Sarbanes-Oxley Act mandates that companies whose securities are publicly traded certify that they...
An invitation to commit fraud
2010-08-12 00:33:00 Of all the goofy schemes that show up in my mail box, this may be the goofiest. Does anyone really fall for this stuff? Can the idiots in Nigeria top this? From: Mr. Beng MewDate: 12 Aug 2010 Good day and may the blessings of this day rest on you, hope you are in good health? Please do not take this unserious, i plead your pardon for my approach, ok. My name is Mr. Beng Mew. I trained and work as an external auditor for the Development Bank of Singapore (DBS). I had taken pains to find your contact through personal endeavors. A foreigner with thesame last name as yours, died here in Singapore, twelve years ago leaving behind an estate/capital (US$31.8M...
Automated Credit Card Stores and the Business of Trading in the Fraud Under
2010-08-11 02:00:00 Innovation and evolution are two words that are not hard to find in blog posts and news articles about fraud. It seems that almost every day security researchers uncover new features and improvements in fraudsters’ tools and infrastructure. Many of these innovations stem from the availability of new services in the underground.
Erin Andrews Inc. Proves She Is A Fraud.....
2010-06-17 21:00:00 Fraud - a person who is not what he or she pretends to be. (per Merriam-Webster.com)One thing that always has pissed me off is how some people are so soulless that they benefit of a personal tragedy or a hardship put on people. When something truly tragic or hurtful happens to a person, the idea that they should capitalize off it is simply sickening to me. The latest example of this truly disgusting way of making a living is none other than ESPN sideline reporter Erin Andrews who was secretly video taped naked in a hotel rooms in Nashville, Tennessee and Milwaukee, Wisconsin. I could not imagine what Erin Andrews was feeling when she found out about this video posted...
Gerald Moreno: absurd screencap fraud claims contra Priddy
2010-05-27 11:24:00 Gerald Moreno is a known and widely and independently proven abuser of facts and truth – claiming my copies of his web texts are ‘fraudulent’ when I have never altered any texts he actually posted. Moreno cannot prove otherwise, however much he writes! No meaningful part of his text or his images has been altered ...
Sean ?The Con? Hannity?s Freedom Alliance Concerts For Fallen Soldiers Foun
2010-03-20 02:07:00 Fox News’ “Con” Hannity’s Promotion Of Freedom Alliance Concerts Brought In Tens Of Millions But Less Than One-Fourth Of Every Cent Collected Went To Fallen Soldiers And Their Children Despite Hannity’s Pitch To Listeners 100% Of All Collected Funds Would Be Used For... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
The Connection between Age and Credit Card Fraud – and Can the EMV St
2010-03-19 01:00:00 In my last post, I discussed how fraudsters take advantage of the fact that some financial institutions still are not authenticating the CVV on credit cards. This is allowing fraudsters to...
The CVV Loophole of Credit Card Fraud is Closed for Business
2010-03-09 01:00:00 One of the things I like to do when interviewing job candidates is to ask them questions about the world of fraud. I don’t expect them to prove that they’re certified fraudsters when they come in, but it can flesh out many paradigms that the candidates may already have. For example...
WorldNetDaily Strikes Again ? BIRTHERS: Are You Ready To Participate In A M
2010-02-21 03:17:00 Group Plans To Announce Date And Time For Birther March In Coming Days… This column shall funtion as a public service announcement to those “birthers” who STILL insist President Barack Hussein Obama is an Indonesian citizen who does not qualify for his presidency under the... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
13 charged in Oregon mortgage fraud allegations
2009-12-11 21:53:00 A federal grand jury sitting in Eugene, Oregon, yesterday returned indictments against thirteen individuals on a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development (DSD), a company previously headquartered in Bend, Oregon. From 2004 through 2008, DSD built commercial buildings and residential housing throughout Central Oregon. According to the indictments, DSD principals and other defendants caused financial institutions to lose more than $19 million. In total, five separate indictments were returned. Arraignments of all defendants are scheduled for December 16, 2009, before the Honorable Magistrate Judge Thomas Coffin in Eugene. [Press Release]“These indictments represent a significant step in the government’s efforts to detect and prosecute mortgage fraud,” said Acting U.S. Attorney Kent S. Robinson. “The conduct alleged in these indictments is typical of what has caused so much havoc in the mortgage and financi...
Andrew Cuomo and the Incredible Industry-Wide Mortgage Fraud Investigation
2009-12-11 03:37:00 In early December, after days of deliberation, an Albany jury delivered corruption convictions to Joseph L. Bruno, New York State’s former Senate majority leader. On their way to finding Joe guilty of two federal felony charges the jury requested extensive read-backs and clarifications. Joe’s crony cozy deals were aired and re-aired. How often do New ...
Maryland Mortgage Fraud Task Force holds press conference - updates
2009-12-10 23:22:00 Maryland Mortgage Fraud Task Force members highlighted their progress and plans in a press conference today, [Press Release] including the filing of criminal, civil, and regulatory actions against more than 250 individuals and companies in 2009. U.S. Attorney Rod J. Rosenstein said, ?The Mortgage Fraud Task Force, established in 2009, aims to punish past offenders and deter future violations. Local, state and federal regulatory and investigative agencies are working together to identify mortgage fraud schemes and pursue the various enforcement tools available to our partner agencies. More than 50 individuals and businesses have been charged with criminal mortgage fraud offenses in federal and state courts this year, and many of them have been convicted and sent to prison. Partner agencies also have filed civil and administrative actions to shut down unlawful schemes. With the additional resources now devoted to mortgage fraud, we expect even more cases to be prosecuted in 2010. Our ...
Two loan officers indicted in Maryland mortgage fraud allegations
2009-12-10 23:15:00 After an investigation conducted by the U.S. Department of Housing and Urban Development - Office of Inspector General, the Federal Bureau of Investigation and the Maryland Department of Labor, Licensing and Regulation - Division of Financial Regulation, a federal indictment was returned on December 8, 2009 against two loan officers employed at a mortgage brokerage in Annapolis, Maryland. [Press Release] From April 2006 to February 2009, James William Fox II, age 39, of Crofton, Maryland, and James Hooper Dan age 45, of Annapolis, Maryland are alleged to have identified potential victims who were unable to make the mortgage loan payments on their homes. Instead of “rescuing”the victims from foreclosure as promised, the defendants allegedly obtained new mortgage loans in their own names or in the names of “straw purchasers” at even higher monthly mortgage payments than the victims had originally been paying, stripped the properties of equity, falsified informa...
Maryland DLLR suspends mortgage broker licences, alleges fraud
2009-12-10 22:21:00 In the following press release The Maryland Department of Labor, Licensing and Regulation’s Office of the Commissioner of Financial Regulation, as part of its ongoing crackdown against mortgage fraud, today issued cease-and-desist orders in three additional cases in which entities and individuals are accused of illegal activities that victimized Maryland homeowners. “Today’s actions are part of an ongoing enforcement effort to protect consumers from operators of foreclosure rescue scams and other forms of mortgage fraud,” said Alexander M. Sanchez, Secretary of Labor, Licensing and Regulation. The Office of the Commissioner of Financial Regulation has taken these actions: Summarily suspended the Maryland Mortgage Lender License and Mortgage Loan Originator licenses of ATT Mortgage Co,. Shawpin Jong a/k/a/ Steve Chung, and other affiliated companies and individuals. They are accused of engaging in, or conspiring to engage in, mortgage fraud (in violation of t...
Two indicted in Twin Cities flipping fraud allegations involving 35 homes
2009-12-09 22:27:00 In the following press release B. Todd Jones, United States Attorney for the District of Minnesota announced that a federal indictment was unsealed today against a Minnesota pair for allegedly orchestrating a mortgage fraud scheme in which they stole more than $2.5 million from lenders nationally by obtaining fraudulent loans for the purchase of 35 homes in the Twin Cities. The indictment charges Zack Zafer Dyab, 45, of Golden Valley, and Julia Alexander Rozhansky, 45, of Minnetonka, with one count of conspiracy to commit wire fraud, six counts of mortgage fraud through use of interstate wires, and one count of engaging in a monetary transaction involving criminally derived property.The indictment alleges the defendants conspired to induce through fraudulent means numerous mortgage lenders throughout the U.S. to loan substantial sums of money to unindicted co-conspirators, who were relatives of Rozhansky. From 2003 through 2006, Dyab and Rozhansky allegedly recruited these co-conspi...
5 charged in PA based foreclosure rescue fraud scheme allegations
2009-12-09 03:00:00 In the following press release it was announced that a 15-count Indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans. The announcment was made by United States Attorney Michael L. Levy, Special Agent-in-Charge of the FBI Janice K. Fedarcyk, and Pennsylvania Secretary of Banking Steven Kaplan. Charged are Edward G. McCusker and John Alford Bariana, owners of Axxium Mortgage, Inc [website likely to go offline] McCusker’s wife, Jacqueline, and Jeffrey A. Bennett and Stephen G. Doherty, owners of the Doylestown law firm Bennett & Doherty, P.C [website likely to go offline]According to the indictment, the defendants targeted financially distressed homeowners facing foreclosure, falsely promised them help in saving their homes, engaged in real estate transactions with straw purchasers, and obtained dozens of fraudulent mortgages. The defendants took whatever equity the homeowner...
MN man pleads guilty in a 172 property mortgage fraud scheme
2009-12-09 02:13:00 In the following press release B. Todd Jones, United States Attorney for the District of Minnesota announced that a 27-year-old Webster man pleaded guilty today in federal court to bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 2008. Appearing before United States District Court Judge Richard Kyle in St. Paul, Dustin LaFavre pleaded guilty to one count of conspiracy to commit mail and wire fraud in connection with this crime. LaFavre was charged on November 5, 2009.In his plea agreement, LaFavre admitted he conspired with a licensed real estate broker, identified as “Individual 1,” to defraud the mortgage lenders. Specifically, he and individual 1 solicited real estate buyers by telling them they would receive significant cash from the proceeds of the mortgage loans. With the assistance of Individual 1, LaFavre then negotiated the value of single pieces of property as well as property groupings, known as bulk purchas...
Bethesda man pleads guilty in multi-million dollar mortgage fraud scheme
2009-12-08 23:51:00 Michael Milan, 49, of Bethesda, Md., pleaded guilty yesterday to conspiracy to commit mail and wire fraud for his role in carrying out a multi-million dollar mortgage fraud scheme. Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and Joseph Persichini Jr., Assistant Director in Charge of the FBI Washington Field Office, made the announcement after the plea was accepted by United States District Judge T.S. Ellis, III. Milan faces a maximum penalty of 20 years in prison when he is sentenced on Feb. 12, 2010. As part of his guilty plea, Milan has agreed to pay restitution of $3,141,409 and to forfeit $1,061,890.31 in proceeds he obtained. In a statement of facts filed with his plea agreement, Milan admitted that he was a consultant to various mortgage brokerage companies and conspired with others to defraud mortgage lenders into lending funds for the purchase and refinance of residential properties. Milan caused his associates to prepare false mortgage app...
7 charged in Kansas City property flip fraud allegations
2009-12-08 23:29:00 In the following press release Matt J. Whitworth, United States Attorney for the Western District of Missouri, announced today that seven Kansas City, Mo., residents have been indicted by a federal grand jury for their roles in a mortgage fraud scheme that involved the purchase of a $605,000 house in Parkville, Mo. Lloyd Claerhout, 26, Scott J. Schirmer, 32, William R. Wonder III, 31, David E. Twitty, 27, Cameron D. Bennett, 34, Jennifer R. Hernandez, 37, and Katherine S. Sartain, 53, all of Kansas City-North, were charged in a two-count indictment returned by a federal grand jury in Kansas City. The federal indictment alleges that each of the defendants participated in a conspiracy to commit bank fraud from July to October 2007. In addition to the conspiracy, each defendant is charged with one count of bank fraud. According to the indictment, the defendants planned to purchase the property for $605,000 then immediately re-sell it at a profit. Schirmer allegedly located a residentia...
Fraud, Abuse and the Service-Disabled Veteran-Owned Small Business Program
2009-12-04 20:38:00 By: Edward T. DeLisle In recent testimony provided to the House of Representative’s Committee on Small Business, a disturbing fact was revealed: millions of dollars earmarked for Service-Disabled Veteran-Owned Businesses (“SDVOSBs”) have been paid to companies that do not qualify for the program. Compounding the problem is the fact that insufficient fraud-prevention programs exist to effectively combat such abuses. This was the conclusion reached by United States Government Accountability Office (the “GAO”) following a case study that included an investigation of ten (10) companies claiming SDVOSB eligibility. In 2008 alone, $6.5 billion in federal contracts were awarded to companies that self-certified themselves as SDVOSBs. While this figure only represents 1.5% of all government contracts paid in that fiscal year, it is still a very large number. If the federal government ever attains its mandated goal of 3%, many more billions will become available ...
A decade of online banking - and online fraud
2009-09-23 17:59:00 By Jeremy Scott-Joynt Ten years ago, people in the UK could be forgiven for thinking that their relationships with their bank were predominantly about one thing. Nationwide bank login page Nationwide was the first UK institution to venture onto the web Queuing. Whether at the branch, at the cash machine, or listening to canned music ...
SPNG - forgery -fraud
2009-09-22 15:12:00 former attorney for SpongeTech, a New York company known for making soap-filled sponges it sells through infomercials, *_says the company forged dozens of legal documents tied to its issuance of stock. _* SpongeTech, which boasts that sales skyrocketed 900 percent this year, received international attention earlier this month when tennis star Serena Williams screamed at a US Open tennis championship line judge in front of one of its ads. But on Friday the company's stock was tagged with the financial equivalent of a scarlet letter: The letter "e" was appended to its ticker for failing to file financial results with the SEC. The company says it had to restate its last two years of financial results because of a problem with its auditor, and as a result is late with its annual filing. The accusations of forgery and "identity theft" come from Norfolk, Conn. attorney Joel Pensley, who said in a letter to the Securities and Exchange Commission that he was "dumbfounded" to learn that... |
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