Page 77 - Fraud Section News Today

Press release content from PR Newswire. The AP news staff was not involved in its creation. Cybercrime And National Security Prosecutor Shoba Pillay Joins Jenner & Block In Chicago April 13, 2021 GMT CHICAGO, April 13, 2021 /PRNewswire/ -- Jenner & Block announced today that Shoba Pillay, a former Assistant US Attorney in the Northern District of Illinois, has joined the firm in its Chicago office. Ms. Pillay has more than 10 years of investigations, trial, and appellate experience in fraud, cy...

  WASHINGTON – A Wisconsin man pleaded guilty today for his role in fraudulently obtaining over $600,000 in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to court documents, Stephen Smith, 42, of Milwaukee, admitted that he fraudulently sought, on behalf of three different companies, over $600,000 in PPP loans through applications to an insured financial institutio...

Colorado Physician Charged for Misappropriating Thousands from Three Different COVID Relief Programs Published: 09 April 2021 09 April 2021 Denver, Colorado - An indictment was unsealed Wednesday in Denver charging a Colorado man with stealing nearly $300,000 in government funds from three different COVID relief programs and with making false statements in connection with bankruptcy proceedings. According to court documents, Francis F. Joseph, 56, of Highlands Ranch, allegedly transferred ...

To embed, copy and paste the code into your website or blog: In todays episode of The Compliance Podcast, Tom is joined by regulatory expert and technology practitioner Brandon Daniels, President of Exiger - Global Markets. Tune in to the episode as Tom and Brandon share an interesting discussion about trending compliance risks and business ventures. Major takeaways discussed in the See more + In todays episode of The Compliance Podcast, Tom is joined by regulatory expert and technology pra...

Details Written by IVN Los Angeles, California - A California man pleaded guilty Monday to perpetrating a scheme to fraudulently obtain approximately $1.8 million in COVID-19 relief guaranteed by the Small Business Administration (SBA) through the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). According to court documents, Hassan Kanyike, 29, of Santa Clarita, admitted that he submitted six fraudulent PPP loan applications and two f...

Details Written by DOJ Spokane, Washington - A Washington man pleaded guilty Wednesday to defrauding Tyson Foods Inc. (Tyson) and another company (Company 1) out of more than $244 million by charging them under various agreements for the purported costs of purchasing and feeding hundreds of thousands of cattle that did not actually exist. According to court documents, Cody Allen Easterday, 49, of Mesa, used his company, Easterday Ranches Inc., to enter into a series of agr...

Heredia’s Market Manipulation Scheme Between June 2012 and August 2016, Heredia was employed as a fuel oil trader engaged in and overseeing trading of a variety of fuel oil products. Among the trades engaged in or overseen by Heredia were numerous trades with state-owned enterprises, including those for delivery to and from the Los Angeles market. During the relevant period, more than approximately 100 such trades were priced in reference to a benchmark price assessment determined by Platts c...

To embed, copy and paste the code into your website or blog: After the Department of Justice charged more than 100 people last year with fraudulently seeking over $360 million in CARES Act emergency loans and other payments, the federal government has taken additional steps this year to combat fraud in federal COVID relief programs. These new efforts include expanding investigations and charging more criminal cases, initiating civil enforcement and forfeiture actions to recoup money to the Trea...

A Washington man pleaded guilty today to wire fraud and money laundering in connection with his scheme to obtain over $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds. Mukund Mohan of Clyde Hill, was charged in July 2020. According to the plea agreement and other records filed in the case, Mohan submitted at least eight fraudulent PPP loan applications on behalf of six different companies to federally insured financial institutions. In support of the fraudulen...

By Neil Hodge2021-03-16T18:18:00+00:00 Enforcement agencies expect closer cooperation and coordination through 2021 as their efforts to clamp down on global bribery and corruption committed by multinational companies continue. Speaking at the Society of Corporate Compliance and Ethics’ European conference Monday, Lisa Osofsky, director of the U.K.’s Serious Fraud Office (SFO), and Daniel Kahn, acting chief of the Fraud Section at the U.S. Department of Justice (DOJ), said closer working tie...