California Federal Bureau of Investigation (FBI) Health Care Fraud Health Insurance Fraud Internal Revenue Service (IRS) Mail Fraud Medicare (CMS) Our Daily News US Department of Health and Human Services (HHS) US Department of Justice (DOJ) Wire Fraud

Nigerian Man Sentenced to Prison for Role in $8.3 Million Medicare Fraud Scheme and Related Money Laundering

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, August 19, 2019 A Nigerian man was sentenced to 46 months in prison today for his role in a durable medical equipment (DME) scheme in which more than $8 million was fraudulently billed to Medicare for DME that was not medically necessary. Assistant Attorney […]

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Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud

General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, April 12, 2019 The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC […]

Banking & Securities Fraud Business Fraud Corporate Fraud International Government Fraud Our Daily News Political Fraud US Department of Justice (DOJ)

Former CEO of Israeli Company Found Guilty of Orchestrating $145 Million Binary Options Fraud Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, August 8, 2019 The former CEO of the Israel-based company Yukom Communications, a purported sales and marketing company, was found guilty yesterday for orchestrating a scheme to defraud investors in the United States and worldwide by fraudulently marketing approximately $145 million in financial instruments […]

Banking & Securities Fraud Business Fraud Florida Our Daily News US Department of Justice (DOJ)

Two Colombian Businessmen Charged With Money Laundering in Connection With Venezuela Bribery Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 25, 2019 Two Colombian businessmen were charged in an indictment returned today for their alleged roles in laundering the proceeds of violations of the Foreign Corrupt Practices Act (FCPA) in connection with a scheme to pay bribes to take advantage of Venezuela’s government-controlled […]

Banking & Securities Fraud Foreclosure Fraud Minnesota Mortgage Fraud Our Daily News US Department of Justice (DOJ)

Minnesota Couple Pleads Guilty for Long-Running Fraud Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 25, 2019 Minnesota Couple Pleads Guilty for Long-Running Fraud Scheme Real Estate Company Pleads Guilty to Fraud Conspiracy Detloff Marketing and Asset Management Inc. (Detloff Marketing), a real estate company based in Hopkins, Minnesota; its owner, Jeffery J. Detloff; and its accountant, Lori […]

Investment Fraud New York Our Daily News Securities Fraud US Department of Justice (DOJ)

Former Precious Metals Trader Pleads Guilty to Attempted Commodities Price Manipulation

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 25, 2019 A former precious metals trader at the New York offices of a U.S. bank and a Canadian bank pleaded guilty today to attempted price manipulation of precious metals futures contracts, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s […]

Business Fraud Corporate Fraud Our Daily News Securities Fraud US Department of Justice (DOJ)

Quad/Graphics and LSC Communications Abandon Merger After Antitrust Division’s Suit to Block

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, July 23, 2019 Decision to Terminate Deal Preserves Competition in Magazine, Catalog, and Book Printing Markets The Department of Justice announced today that Quad/Graphics Inc. and LSC Communications Inc. have abandoned their planned merger.  The Department filed suit on June 20, 2019, to block […]

Banking & Securities Fraud Mortgage Fraud US Department of Justice (DOJ)

NATIONAL MORTGAGE SETTLEMENT

“The U.S. Trustees Program . . . was one of the first federal agencies to investigate mortgage servicer abuse of homeowners in financial distress. . . . They have worked tirelessly to seek justice for homeowners who were treated unfairly and taxpayers who footed the bill.  And the information and evidence that these teams compiled […]

Business Fraud Connecticut Consumer Fraud Federal Bureau of Investigation (FBI) Our Daily News Securities Fraud US Department of Justice (DOJ)

President of Insulation Contracting Firm Pleads Guilty to Antitrust and Fraud Charges

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, July 17, 2019 Paul M. Camara Jr., president and co-owner of an insulation contractor, pleaded guilty today in Bridgeport, Connecticut, for his role in schemes to rig bids in violation of the antitrust laws and engage in criminal fraud on insulation contracts, marking the […]

Investment Fraud Our Daily News Rhode Island US Department of Justice (DOJ) Wire Fraud

Property Preservationist Pleads Guilty in $10 Million Dollar Fraud Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, July 12, 2019 Former East Greenwich, Rhode Island, businesswoman Monique N. Brady, 44, whose company, MNB, specialized in preserving the condition of foreclosed homes for resale, yesterday admitted to utilizing her business and business contacts, often times family members, friends, and business associates, to […]

Banking & Securities Fraud Our Daily News Securities Fraud US Department of Justice (DOJ)

Antitrust Division Announces New Policy to Incentivize Corporate Compliance

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, July 11, 2019 During remarks today, Assistant Attorney General Makan Delrahim announced the Antitrust Division’s new policy for incentivizing antitrust compliance. For the first time, the Division will consider compliance at the charging stage in criminal antitrust investigations, a change which is reflected in […]

Banking & Securities Fraud Our Daily News Securities Fraud Utah

Heir Location Services Company and Co-Owner Plead Guilty To Antitrust Charge for Long-Running Agreement Not to Compete

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, July 10, 2019 Pleas Follow Court’s Ruling That the Per Se Rule Applies to Alleged Customer Allocation Conspiracy Kemp & Associates Inc., a Salt Lake City-based heir location services provider, and its co-owner, Daniel J. Mannix, pleaded guilty to allocating customers with another heir […]

Banking & Securities Fraud Consumer Financial Protection Bureau (CFPB) Louisiana Office of Inspector General (OIG) Our Daily News US Department of Justice (DOJ)

Bank General Counsel Pleads Guilty To Conspiracy to Defraud First NBC Bank

Department of JusticeU.S. Attorney’s Office Eastern District of Louisiana FOR IMMEDIATE RELEASE Tuesday, July 2, 2019 NEW ORLEANS – The United States Attorney’s Office announced that GREGORY ST. ANGELO (“ST. ANGELO”), age 54, a resident of St. Tammany Parish, pled guilty Friday, June 28, 2019 to conspiring to defraud First NBC Bank, the New Orleans-based bank that failed […]

Banking & Securities Fraud Florida Our Daily News Puerto Rico US Department of Justice (DOJ)

South Florida Resident Sentenced to 30 Years for $100 Million International Fraud Scheme that Led to the Collapse of One of Puerto Rico’s Largest Banks

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, July 3, 2019 A Key Biscayne, Florida, resident and the former CEO and Chairman of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release yesterday for his role his role in a $100 million […]