Page 81 - Fraud Section News Today

Thursday, February 11, 2021 All companies—big and small—are collecting a tsunami of data. The US Department of Justice (DOJ) has now challenged corporate America to harness and analyze that data to improve corporate compliance programs by going beyond the risk profile of what  has happened to better understanding the risk profile of what  is happening. But where to begin? Artificial intelligence, which is already used to assist in the review and production of documents and othe...

Florida man pleads guilty to using COVID loan to buy a Lamborghini Santos Chaparro/ASSOCIATED PRESS Wooden gavel and stand (ca. 1920s) used by the Associated Press Board of Directors at their meetings throughout the 20th century. (AP Photo/Corporate Archives/Santos Chaparro) By: WTXL Staff and last updated 2021-02-12 16:09:25-05 The Department of Justice announced Wednesday that a Florida man has pleaded guilty to fraudulently obtaining nearly $4 million in PPP loans and using ...

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Florida man pleads guilty to using COVID loan for Lamborghini Photo: MGN Online Posted at 8:00 PM, Feb 10, 2021 and last updated 2021-02-12 13:09:13-05 (WTXL) — The Department of Justice announced Wednesday that a Florida man has pleaded guilty to fraudulently obtaining nearly $4 million in PPP loans and using it to buy himself a $318,000 Lamborghini sports car. Authorities seized the Lamborghini and $3.4 million from the bank accounts of 29-year-old David T. Hines of Miami at the time o...

Businesswoman Pleads Guilty to Criminal Health Care and Tax Fraud Charges Details Written by Justice Department Washington, DC - A Florida businesswoman has agreed to resolve criminal charges and civil claims arising out of false claims to the United States for braces and other durable medical equipment (DME), the Justice Department announced Thursday.  Kelly Wolfe, of Indian Rocks Beach, Florida, has pleaded guilty to conspiracy to commit health care fraud and filin...

CEO Sentenced for $150 Million Health Care Fraud and Money Laundering Scheme Posted on The CEO of a Texas-based group of hospice and home health entities was sentenced today to 15 years in prison for falsely telling thousands of patients with long-term incurable diseases they had less than six months to live in order to enroll the patients in hospice programs for which they were otherwise unqualified, thereby increasing revenue to the company.   Henry McInnis, 50, of Harlingen, Texas was con...

U.S.-Based Promoter Of Foreign Cryptocurrency Companies Charged In Over $11 Million Securities Fraud Scheme Date 01/02/2021 A California man was charged in a complaint unsealed today for his alleged participation in a coordinated cryptocurrency and securities fraud scheme that used purported digital currency platforms and foreign-based financial accounts.  John DeMarr, 55, of Santa Ana, was charged in a complaint filed in the Eastern District of New York with one count of conspiracy to co...

Details Written by Justice Department Las Vegas, Nevada - A Nevada man was charged in an indictment Wednesday for his alleged participation in a scheme to defraud multiple financial institutions by filing bank loan applications that fraudulently sought more than $1.9 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Nicholas L. McQuaid, Acting Assistant Attorney G...

US Department Of Justice: Former Natural Gas Trader Pleads Guilty For Role In Commodities Insider Trading Scheme Date 01/02/2021 A former natural gas trader pleaded guilty today to conspiracy to commit commodities fraud and wire fraud for his role in an insider trading scheme. John Ed James, 51, of Katy, Texas, pleaded guilty to one count of conspiracy to commit commodities fraud and wire fraud before U.S. District Judge Vanessa Gilmore of the Southern District of Texas. Sentencing has bee...

Six Charged in Connection with a $3 Million Paycheck Protection Program Fraud Scheme Details Written by DOJ Atlanta, Georgia - Six individuals were charged in an indictment with fraudulently obtaining approximately $1.5 million in Paycheck Protection Program (PPP) loans on behalf of five businesses based in Georgia and South Carolina. Acting Assistant Attorney General Nicholas L. McQuaid of the Justice Department’s Criminal Division; Acting U.S. Attorney Bobby L. C...