Credit Card Scam: Vinod Dadlani Charged with One Count of Conspiracy to Commit Bank Fraud

Financial Fraud

Jewelry Store Owner Sentenced To Two Years In Prison For Role In International, $200 Million Credit Card Fraud Scam TRENTON, N.J. – A New Jersey jewelry store owner who used his business to further one of the largest credit card fraud schemes ever charged by the Justice Department was sentenced today to 24 months in …

Read moreCredit Card Scam: Vinod Dadlani Charged with One Count of Conspiracy to Commit Bank Fraud

Financial Fraud: NANDU THONDAVADI – CEO of Schaumburg-based Quadrant 4 System Corp.- Charged with One Count of Willfully Certifying False Financial Reports

Financial Fraud

CEO of Schaumburg Consulting Firm Arrested on Fraud Charges for Misrepresenting Company’s Financial Condition CHICAGO — The chief executive of a publicly-traded consulting firm has been charged in federal court with fraudulently misrepresenting the company’s financial condition and lying to regulators. NANDU THONDAVADI, the CEO of Schaumburg-based Quadrant 4 System Corp., intentionally misrepresented the firm’s …

Read moreFinancial Fraud: NANDU THONDAVADI – CEO of Schaumburg-based Quadrant 4 System Corp.- Charged with One Count of Willfully Certifying False Financial Reports

Insurance Fraud: Cristopher Santiago Sanchez-Becerra Sentenced for Staging Car Accidents in a Scheme to Defraud Insurance Companies

Insurance Fraud; Auto Insurance Fraud; Financial Fraud;

Stockton Man Sentenced to 21 Months in Prison for Staging Car Accidents in a Scheme to Defraud Insurance Companies FRESNO, Calif. — Cristopher Santiago Sanchez-Becerra, 32, of Stockton, was sentenced today to 21 months in prison in connection with his role in a conspiracy to stage car accidents in order to defraud insurance companies, U.S. …

Read moreInsurance Fraud: Cristopher Santiago Sanchez-Becerra Sentenced for Staging Car Accidents in a Scheme to Defraud Insurance Companies

What Is Tax Avoidance and Tax Evasion ?

Tax

There is a clear-cut difference between tax avoidance and tax evasion. One is legally acceptable and the other is an offense. Unfortunately however many consultants even in this country do not understand the difference between tax avoidance and tax evasion. Most of the planning aspects that have been suggested by these consultants often fall into …

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Claims Act Scam: Bechtel National Inc., Bechtel Corp., URS Corp. and URS Energy, Have Agreed to Pay $125 Million to Resolve Allegations Under the False Claims Act

Financial Fraud;Claims Act Scam;

The United States Settles Lawsuit Against Energy Department Contractors for Knowingly Mischarging Costs on Contract at Nuclear Waste Treatment Plant The Justice Department announced today that Bechtel National Inc., Bechtel Corp., URS Corp. (predecessor in interest to AECOM Global II LLC) and URS Energy and Construction Inc. (now known as AECOM Energy and Construction Inc.) …

Read moreClaims Act Scam: Bechtel National Inc., Bechtel Corp., URS Corp. and URS Energy, Have Agreed to Pay $125 Million to Resolve Allegations Under the False Claims Act

Financial Fraud: Owners Of PLCMGMT LLC dba Prometheus Pleaded Guilty to Defrauding Investors of Multi-Million Dollar Securities Fraud

Financial Fraud

Founder of Litigation Marketing Company Guilty of Multi-Million Dollar Securities Fraud Assistant U.S. Attorneys Aaron P. Arnzen (619) 546-8384 and SAN DIEGO – David Aldrich pleaded guilty in federal court today to defrauding investors through litigation marketing company PLCMGMT LLC dba Prometheus.  Aldrich admitted that he conspired with James Catipay, who pleaded guilty on October …

Read moreFinancial Fraud: Owners Of PLCMGMT LLC dba Prometheus Pleaded Guilty to Defrauding Investors of Multi-Million Dollar Securities Fraud

Financial Fraud: Jason H. Wild And Lt. Col. Michael K. Strom Convicted Convicted For Wire Fraud Conspiracy and False Claims

Financial Fraud

Former Major and Lt. Col. Convicted of Four-Year Fraud Against the Marine Corps Assistant U.S. Attorneys Nicholas W. Pilchak (619) 546-9709 and C. Seth Askins (619) 546-6692 SAN DIEGO – A former major in the U.S. Marine Corps Reserves was convicted by a federal jury yesterday for participating in a four-year conspiracy to defraud the …

Read moreFinancial Fraud: Jason H. Wild And Lt. Col. Michael K. Strom Convicted Convicted For Wire Fraud Conspiracy and False Claims

Financial Fraud: Patricia Webb of Lee’s Summit Pleaded Guilty to Three Counts of Wire Fraud and One Count of Aggravated Identity Theft

Financial Fraud

Lee’s Summit Woman Pleads Guilty to $1.5 Million Embezzlement Schemes, Identity Theft KANSAS CITY, Mo. – Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Lee’s Summit, Mo., woman pleaded guilty in federal court today to a series of embezzlement schemes totaling more than $1.5 million. Patricia Webb, 44, of …

Read moreFinancial Fraud: Patricia Webb of Lee’s Summit Pleaded Guilty to Three Counts of Wire Fraud and One Count of Aggravated Identity Theft

Financial Fraud: Two Individuals Sentenced for Stealing Their Deceased Parent’s Government Benefits

Financial Fraud

Two Georgia Men Sentenced for Stealing Government Benefits ATLANTA – John W.  Jackson, Jr., and Corry Sandlin, have been sentenced in federal district court for stealing their deceased parent’s government benefits.  Each defendant lied to the government about their parent’s deaths, and continued to receive benefits destined for the deceased. “Both defendants got away with …

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Financial Fraud: Ambulai R. Sheku Pleaded Guilty Theft, Computer Fraud Charges

Financial Fraud, Theft

Former DLT Worker Pleads Guilty to Theft, Computer Fraud Charges PROVIDENCE, R.I. – Ambulai R. Sheku, 37, of Providence, a former Senior Employment Interviewer with the Rhode Island Department of Labor and Training (DLT), pleaded guilty in federal court in Providence today to conspiring to commit mail fraud, theft of government funds and accessing a …

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Mortgage Scam: Ally Financial Inc. Agreed To Pay For 10 Subprime Residential Mortgage-Backed Securities (RMBS)

Financial Fraud; Mortgage Fraud; Insurance Scam;

Ally Financial Agrees to Pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities LOS ANGELES – Ally Financial Inc. has agreed to pay the United States $52 million to settle allegations that its subsidiaries acted improperly in relation to 10 subprime residential mortgage-backed securities (RMBS) in 2006 and 2007. …

Read moreMortgage Scam: Ally Financial Inc. Agreed To Pay For 10 Subprime Residential Mortgage-Backed Securities (RMBS)

Loan Fraud: Jeffrey Spanier – Owner of Amerifund Capital Finance, LLC – Convicted For Elaborate Stock-Loan Fraud Scheme

Loan Fraud, Financial Fraud

Owner of Stock Lending Firm Convicted by Jury in $100 Million Stock-Loan Fraud Scheme For Further Information, Contact: Assistant U.S. Attorney Joseph J.M. Orabona (619)546-7951or Assistant U.S. Attorney Michael G. Wheat (619) 546-8437 SAN DIEGO – Jeffrey Spanier, a 51-year-old former owner of Amerifund Capital Finance, LLC located in Boca Raton, Florida, was convicted by …

Read moreLoan Fraud: Jeffrey Spanier – Owner of Amerifund Capital Finance, LLC – Convicted For Elaborate Stock-Loan Fraud Scheme

Financial Fraud: John Vartanian Sentenced In Connection With a Fraudulent Debt Relief Firm

Financial Fraud

Salesman Sentenced in Scheme to Defraud Consumers Through Debt Relief Firms A Newport Beach, California, man was sentenced today in connection with a fraudulent debt relief firm, the Justice Department and U.S. Postal Inspection Service announced.  The defendant worked at Nelson Gamble and Associates and Jackson Hunter Morris and Knight, companies that offered to settle …

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Tax Fraud: Earl Worthy Sentenced for His Role in a Fraudulent Tax Refund Scheme

Tax Fraud

Alaska Inmate Sentenced for Identity Theft and Filing False Income Tax Returns Anchorage, Alaska – U.S. Attorney Karen L. Loeffler announced today that Earl Worthy, 41, was sentenced to 70 months in prison for his role in a fraudulent tax refund scheme.  The court also ordered Worthy to pay $159,628 in restitution to the IRS.  …

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Financial Fraud: For Individuals Convicted For Conspiracies to Commit Wire Fraud and Money Laundering

Wire Fraud And Money Laundering

Four Conspirators Convicted for Defrauding Victims of Millions of Dollars Members of the Conspiracy Formed Online Romantic Relationships to Entice Victims To Provide Money Greenbelt, Maryland – A federal jury convicted the following defendants late on November 18, 2016, for conspiracies to commit wire fraud and money laundering arising from a scheme to defraud vulnerable …

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Tax Fraud: Ahmad Sheikhzadeh Pled Guilty to Filing a False Income Tax Return

Tax Fraud

Consultant To Iranian Mission To The United Nations Pleads Guilty To Filing False Income Tax Return And Conspiring To Violate Sanctions Laws BROOKLYN, NY –  Earlier today in federal court in Brooklyn, Ahmad Sheikhzadeh, a United States citizen and resident of New York City, pled guilty to filing a false income tax return that substantially …

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Financial Fraud: Sandra Stevenson Marks Sentenced on Charges That She Committed Mail Fraud and Laundered Money

Financial Fraud

The former owner of a fortune-teller business Sentenced on Mail Fraud, Money Laundering In A Separate Hearing, Donnie Marks Pleads Guilty to Same Charges, Both Agree Repay Victims at Least $1.2 Million to CHARLOTTESVILLE, VIRGINIA – The former owner of a fortune-teller business located on Seminole Trail in Charlottesville was sentenced today in Federal court …

Read moreFinancial Fraud: Sandra Stevenson Marks Sentenced on Charges That She Committed Mail Fraud and Laundered Money

Which Are Insurance Adjusters Spot Fraudulent Claims?

Insurance Claims Fraud

Be vigilant in identifying insurance fraud by becoming familiar with the most common forms of fraud. This include Car “Stolen , Accident and Damage”, Health Insurance Billing Fraud, Unnecessary Medical Procedures, Staged Home Fires, Storm Fraud, Abandoned House Fire, Faked Death, Renter’s Insurance. Stolen Car There аrе twо ways thаt criminals perpetrate thе stolen car …

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Intellectual Property Fraud: Jayme Gordon Convicted four Fraud Scheme Designed To Obtain a Multi-Million-Dollar Settlement From DreamWorks

Randolph Man Convicted by Jury of Defrauding DreamWorks by Falsely Claiming he Created Kung Fu Panda BOSTON – A Randolph man was convicted late today of wire fraud and perjury charges in connection with a scheme to defraud DreamWorks Animation SKG, Inc., by falsely claiming that the company stole from him the characters and story …

Read moreIntellectual Property Fraud: Jayme Gordon Convicted four Fraud Scheme Designed To Obtain a Multi-Million-Dollar Settlement From DreamWorks

Financial Fraud: Stanley Jonathan Fortenberry Pleaded Guilty To Fraud Two Investment Companies

Financial Fraud

Texas Man Pleads Guilty to Running Fraudulent Investment Companies and Obstructing Securities and Exchange Commission Investigation A San Angelo, Texas, man pleaded guilty today to fraud and obstruction of justice charges in connection with two investment companies he ran that defrauded investors out of approximately $900,000 over a four-year period. Assistant Attorney General Leslie R. …

Read moreFinancial Fraud: Stanley Jonathan Fortenberry Pleaded Guilty To Fraud Two Investment Companies