Financial Fraud: Sergey Kapustin Charged With One Count of Wire Fraud and Conspiring to Commit Wire Fraud

Financial Fraud

Auto Dealer Arrested In $2 Million Fraud On Russian Citizens NEWARK, N.J. – A New Jersey auto dealer was charged today for allegedly defrauding more than 140 Russian citizens who were customers of his auto sales business, U.S. Attorney Paul J. Fishman announced. Sergey Kapustin, 47, of Warminster, Pennsylvania, was arrested today by special agents …

Read moreFinancial Fraud: Sergey Kapustin Charged With One Count of Wire Fraud and Conspiring to Commit Wire Fraud

Swiss Bank Tax: Final Resolutions Of Department of Justice And Swiss Bank Program

Tax Fraud

Justice Department Reaches Final Resolutions Under Swiss Bank Program Information Received Continues to Drive Civil and Criminal Enforcement Efforts The Department of Justice announced today that it has reached final resolutions with banks that have met the requirements of the Swiss Bank Program.  The Program provided a path for Swiss banks to resolve potential criminal …

Read moreSwiss Bank Tax: Final Resolutions Of Department of Justice And Swiss Bank Program

Financial And Tax Fraud: CHRISTOPHER A. JANSEN – President of Baytree Investors Inc. – Charges of Wire Fraud And Evading Income Taxes

Financial Fraud

Former President of St. Charles Company Sentenced to 70 Months in Federal Prison for Wire Fraud and Income Tax Evasion ROCKFORD — The former President of Baytree Investors Inc., a defunct St. Charles company, was sentenced Wednesday by U.S. District Judge Frederick J. Kapala. CHRISTOPHER A. JANSEN, 64, of St. Charles, was sentenced to 70 …

Read moreFinancial And Tax Fraud: CHRISTOPHER A. JANSEN – President of Baytree Investors Inc. – Charges of Wire Fraud And Evading Income Taxes

Financial Fraud: United Shore Financial Services LLC (USFS) Pay For Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending

Financial Fraud

United Shore Financial Services LLC Agrees To Pay $48 Million To Resolve Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending WASHINGTON – United Shore Financial Services LLC (USFS) has agreed to pay the United States $48 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage …

Read moreFinancial Fraud: United Shore Financial Services LLC (USFS) Pay For Alleged False Claims Act Liability Arising From Fha-Insured Mortgage Lending

Investment Fraud: DAVID BLAINE WELLIVER Sentenced For Defrauding Investors in The Dblaine Fund

Financial Fraud

Investment Advisor Sentenced to Five Years for Defrauding Investors of $1.725 Million The United States Attorney’s Office for the District of Minnesota announced the sentencing of DAVID BLAINE WELLIVER, 56, to five years in prison for defrauding investors in the Dblaine Fund of $1.725 million. WELLIVER pleaded guilty on July 13, 2016, to one count …

Read moreInvestment Fraud: DAVID BLAINE WELLIVER Sentenced For Defrauding Investors in The Dblaine Fund

Cyber Crime: IAT HONG, BO ZHENG, and CHIN HUNG Charged With Devising and Carrying Out a Scheme to Enrich Themselves by Obtaining And Trading on Material, Nonpublic Information

Cyber Crime

Manhattan U.S. Attorney Announces Arrest of Macau Resident and Unsealing of Charges Against Three Individuals for Insider Trading Based On Information Hacked from Prominent U.S. Law Firms Iat Hong Arrested On December 25 In Hong Kong On U.S. Insider Trading and Hacking Charges; In Addition to Successful Cyber Intrusions into Two Law Firms, Defendants Charged …

Read moreCyber Crime: IAT HONG, BO ZHENG, and CHIN HUNG Charged With Devising and Carrying Out a Scheme to Enrich Themselves by Obtaining And Trading on Material, Nonpublic Information

Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That Defrauded Investors

Financial Fraud,

Leader of $242 Million Investment Fraud Scheme Sentenced to 18 Years in Federal Prison Ponzi Scheme Involved Sale of Medical Debts Baltimore, Maryland – U.S. District Judge James K. Bredar sentenced Richard Shusterman, age 53, of Highland Beach, Florida, today to 18 years in prison, followed by three years of supervised release, for a wire …

Read moreFinancial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That Defrauded Investors

Tax Fraud: Anthony Cosica Sentenced For Multimillion-Dollar Cigarette Tax Fraud Scheme

Tax Fraud

Last Defendant in $48 Million Dollar Cigarette Tax Fraud Scheme Sentenced The case involved untaxed cigarettes sold in all 50 States and was the first prosecution in the nation under federal PACT Act The last defendant in a domestic and international, multimillion-dollar cigarette tax fraud scheme has been sentenced, the Department of Justice announced today. …

Read moreTax Fraud: Anthony Cosica Sentenced For Multimillion-Dollar Cigarette Tax Fraud Scheme

Financial Fraud: Umair Hamid Charged with Wire Fraud, Aggravated Identity Theft, and Worldwide “Diploma Mill” Scheme

Financial Fraud

Manhattan U.S. Attorney Charges Executive Of Axact In $140 Million Diploma Mill Scam Preet Bharara, the United States Attorney for the Southern District of New York, Philip R. Bartlett, Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field …

Read moreFinancial Fraud: Umair Hamid Charged with Wire Fraud, Aggravated Identity Theft, and Worldwide “Diploma Mill” Scheme

Investment Fraud: Naris Chamroonrat Charged Of Conspiracy to Commit Securities Fraud And One Count of Wire Fraud

Investment Fraud

Owner Of Day Trading Firm Charged In Worldwide Simulator Trading Account Scheme Scheme Targeted Hundreds of Investors in Over 30 Countries, Including the United States NEWARK, N.J. – A Thai man was arrested and charged with allegedly orchestrating a scheme to defraud hundreds of investors worldwide of at least $1.4 million through his operations of …

Read moreInvestment Fraud: Naris Chamroonrat Charged Of Conspiracy to Commit Securities Fraud And One Count of Wire Fraud

Tax Fraud: Kevin Brown, Formerly of Capitol Heights, Sentenced For Identity Theft and Tax Fraud Scheme

Tax Fraud

 Maryland Man Sentenced to 135 Months in Prison For Scheme That Used Stolen Identifying Information To Fraudulently Seek More Than $20 Million in Tax Refunds Stole Identities of Nursing Home Patients and Others WASHINGTON – A Maryland man was sentenced today to 135 months in prison on federal charges stemming from his role as a …

Read moreTax Fraud: Kevin Brown, Formerly of Capitol Heights, Sentenced For Identity Theft and Tax Fraud Scheme

Cyber Crime: DAVID W. KENT, Owner Of Oilpro.com, Guilty In Hacking Into a Competitor’s Network and Stealing Client Data

Cyber Crime

Oilpro.Com Founder Pleads Guilty In Manhattan Federal Court To Hacking Into Competitor’s Computer System Defendant Stole Information From Over 700,000 Customer Accounts Stored on a Competitor’s Database and Then Sought to Sell Oilpro.com to the Company He Had Hacked Preet Bharara, the United States Attorney for the Southern District of New York, and William F. …

Read moreCyber Crime: DAVID W. KENT, Owner Of Oilpro.com, Guilty In Hacking Into a Competitor’s Network and Stealing Client Data

Financial Fraud: Phillip E. Southwood former owner of Southwood Industries, Inc., Sentenced for Multiple Bankruptcy-Related Crimes

Financial Fraud, Bankruptcy-Related Crimes

Small Business Owner Sentenced to Prison for Bankruptcy Fraud Assistant U.S. Attorneys Joseph J.M. Orabona (619)546-7951 or Michael Heyman (619) 546-9615 NEWS RELEASE SUMMARY – December 19, 2016 SAN DIEGO – Phillip E. Southwood, Jr., a 50-year-old former owner of Southwood Industries, Inc., a holding company for Jefferson Liquor in Poway, was sentenced in federal …

Read moreFinancial Fraud: Phillip E. Southwood former owner of Southwood Industries, Inc., Sentenced for Multiple Bankruptcy-Related Crimes

Investment Fraud: Seven Individuals Charged With Securities Fraud, Investment Adviser Fraud And Securities Fraud Conspiracy

Financial Fraud, Investment Fraud

Platinum Partners’ Founder And Chief Investment Officer Among Five Indicted In A $1 Billion Investment Fraud Two Additional Individuals Indicted In A $50 Million Bond Fraud Involving Black Elk Energy, One Of Platinum’s Largest Portfolio Companies BROOKLYN, N.Y. – An eight-count indictment was unsealed this morning in federal court in Brooklyn, New York, charging seven …

Read moreInvestment Fraud: Seven Individuals Charged With Securities Fraud, Investment Adviser Fraud And Securities Fraud Conspiracy

List Of U.S. Attorney’s Office Collects in Civil and Criminal Actions for U.S. Taxpayers in Fiscal year 2016

Financial And Tax Fraud Collects

U.S. Attorney’s Office made a report on what they collected in 2016 following offenses and civil actions in Fiscal for U.S. Taxpayers with a more than a $15.3 billion. Justice Department Collects More Than $15.3 Billion in Civil and Criminal Cases in Fiscal Year 2016 U.S. Attorney’s Office for the Eastern District of Michigan Collects …

Read moreList Of U.S. Attorney’s Office Collects in Civil and Criminal Actions for U.S. Taxpayers in Fiscal year 2016

Financial Fraud: Bogdan Nicolescu, Tiberiu Danet And Radu Miclaus Indicted in Cyber Fraud, Identity Theft And Wire Fraud

Financial Fraud

Three Romanian nationals indicted in cyber fraud case in which they infected 60,000 computers, sent out 11 million malicious emails and stole at least $4 million A 21-count indictment was unsealed in which three Romanian nationals were charged for operating a cyber fraud conspiracy in which they infected 60,000 computers, sent out 11 million malicious …

Read moreFinancial Fraud: Bogdan Nicolescu, Tiberiu Danet And Radu Miclaus Indicted in Cyber Fraud, Identity Theft And Wire Fraud

Investment Fraud: Richard Wyatt Davis Charged With One Count of Wire Fraud and Three Counts of Tax Evasion

Investment Fraud

Mecklenburg Co. Man Facing Federal Charges In Connection With $19 Million Investment Fraud Scheme Defendant Misused Victim-Investors’ Funds to Pay for Vacation Homes, Vehicles, a Chef and Other Personal Expenses CHARLOTTE, N.C. – A Mecklenburg Co. man is facing federal charges in connection with an investment scheme that defrauded 100 victims of $19 million, announced …

Read moreInvestment Fraud: Richard Wyatt Davis Charged With One Count of Wire Fraud and Three Counts of Tax Evasion

Financial Fraud: Two Brokers Charged For Scheme to Use Simultaneous Loan Applications to Fraudulently Obtain Home Equity Lines of Credit

Financial Fraud, Loan Fraud

Real Estate Brokers And Client Charged With Defrauding Banks In ‘Shotgun’ Loan Scheme NEWARK, N.J. – Two real estate brokers and a client were arrested today and charged in connection with a scheme to use bogus information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit, a practice known …

Read moreFinancial Fraud: Two Brokers Charged For Scheme to Use Simultaneous Loan Applications to Fraudulently Obtain Home Equity Lines of Credit

Healthcare Fraud: Forest Laboratories LLC And Forest Pharmaceuticals Inc. Agreed to Pay For Violated the False Claims Act by Paying Kickbacks

Healthcare Fraud

Forest Laboratories and Forest Pharmaceuticals to Pay $38 million to Resolve Kickback Allegations Under the False Claims Act Forest Laboratories LLC, located in New York, New York, and its subsidiary, Forest Pharmaceuticals Inc., have agreed to pay $38 million to resolve allegations that they violated the False Claims Act by paying kickbacks to induce physicians …

Read moreHealthcare Fraud: Forest Laboratories LLC And Forest Pharmaceuticals Inc. Agreed to Pay For Violated the False Claims Act by Paying Kickbacks

Financial Fraud: James VanBlaricum Indicted For Ponzi Oil and Gas Fraud Scheme

Financial Fraud

Federal Grand Jury Indicts Colleyville Businessman on Mail Fraud Stemming from Ponzi Oil and Gas Fraud Scheme Defendant Operated Signal Oil and Gas Company FORT WORTH, Texas — A Colleyville, Texas, businessman, James VanBlaricum, who operated an oil and gas exploration company, was indicted today by a federal grand jury in Fort Worth, Texas, on …

Read moreFinancial Fraud: James VanBlaricum Indicted For Ponzi Oil and Gas Fraud Scheme