Financial Fraud: Ho Shin Lee Was Indicted For Laundering From Appalachian State University

Ho Shin Lee Was Indicted For Laundering

Los Angeles Man Indicted For Money Laundering Of $1.9 Million Stolen From Appalachian State University CHARLOTTE, N.C. – Ho Shin Lee, 31, of Los Angeles, California, was indicted by a federal grand jury in Charlotte for laundering more than $1.9 million stolen from Appalachian State University, announced R. Andrew Murray, U.S. Attorney for the Western …

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Disaster Fraud: Shanyra Bennett Pleaded Guilty In One Count of Disaster Benefits Fraud

Shanyra Bennett Pleaded Guilty In One Count of Disaster Benefits Fraud

Camden, New Jersey, Woman Admits Defrauding FEMA after Natural Disasters CAMDEN, N.J. – A Camden woman today admitted defrauding the Federal Emergency Management Administration (FEMA) in 2014 after Hurricane Sandy struck New Jersey in 2012, U.S. Attorney Craig Carpenito announced. Shanyra Bennett 40, pleaded guilty before U.S. District Judge Jerome B. Simandle in Camden federal …

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Financial Fraud: Joshua Philips Indicted In Bank Fraud And Conspiring to Commit Money Laundering

Joshua Philips Indicted In Bank Fraud And Conspiring to Commit Money Laundering

Defendant Indicted in Brooklyn Federal Court for Transnational Cyber Scam Defendant Stole More Than $800,000 through Email Compromise Scheme, and Wired Illicit Proceeds to Conspirators Overseas Earlier today, in federal court in Brooklyn, an indictment was unsealed charging Joshua Philips, also known as “Erick Ayo Kalu,” “Anthony Abongile Baker” and “Johnson Foday Brown,” with conspiring …

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Financial Fraud: Glen Burke Was Sentenced In Two Predatory Schemes That Defrauded Thousands of Victims

Glen Burke Was Sentenced In Two Predatory Schemes That Defrauded Thousands of Victims

Defendant Sentenced in Multimillion Dollar Prize Promotion Scams Targeting Elderly Victims An individual who ran multimillion dollar prize promotion scams was sentenced on March 12, 2018, to serve 87 months in prison by a federal judge in Las Vegas, Nevada, the Department of Justice announced. Glen Burke, 58, of Las Vegas, was sentenced to 87 …

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Law Firms Need To Pay Attention on Emails Scam

Law Firms Need To Pay Attentions on E-mails Scam

Cyber criminals, based overseas and concentrated in Nigeria, send scam emails to law firms on a daily basis in an effort to fraudulently extract IOLTA funds and enrich themselves. Because of the increasing prevalence of these ventures, attorneys need to understand how such cons work and to protect themselves against fraud. The scam begins with …

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Financial Fraud: Louis F. Petrossi Was Convicted On Securities Fraud, Investment Adviser Fraud, And Wire Fraud

Petrossi Falsely Claimed to Investors That Money They Had Invested in Purported Investment Funds

New York Investment Adviser Convicted Of Defrauding Investors HARRISBURG – Louis F. Petrossi, age 77, the founder and president of the Wealth Research Institute, a purported investment research firm, was convicted yesterday by a federal jury in the Middle District of Pennsylvania, on three counts of securities fraud, investment adviser fraud, and wire fraud for …

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