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House Deal Would Keep ExIm Bank Functioning Through 2026 – WSJ

A House agreement would give new life and political stability to an embattled agency that smooths export deals between U.S. manufacturers and overseas buyers. — Read on www.wsj.com/articles/house-deal-would-keep-exim-bank-functioning-through-2026-11560900814 Advertisements

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Statement of the Department of Justice Antitrust Division on the Closing of Its Investigation of the Louisiana Health Service & Indemnity Co.–Vantage Holdings Inc. Merger

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, June 18, 2019 Assistant Attorney General Makan Delrahim of the Antitrust Division of the U.S. Department of Justice issued the following statement today in connection with the closing of the Division’s investigation into the proposed acquisition of Vantage Holdings, Inc. (Vantage) by Louisiana Health […]

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Canon Inc., Toshiba Corporation Agree to Pay $5 Million for Violating Federal Antitrust Laws

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, June 10, 2019 Canon and Toshiba failed to observe the required waiting period in Canon’s $6.1 billion acquisition of Toshiba’s Toshiba Medical Systems Corporation Canon Inc. and Toshiba Corporation have agreed to settle federal charges that the companies violated the premerger notification and waiting […]

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

Department of Justice Opens Review of ASCAP and BMI Consent Decrees

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, June 5, 2019 As part of The Department of Justice’s ongoing review of legacy antitrust judgments, the Antitrust Division today announced that it has opened a review of its consent decrees with The American Society of Composers, Authors and Publishers (ASCAP) and Broadcast Music, […]

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HMDA Proposed Changes – Are You in the Know?

Over the past several years we have experienced significant changes to HMDA. There are recent proposed changes that may impact your compliance responsibilities. HMDA History HMDA was enacted in 1975, and in July 2011, rule-writing authority for Regulation C was transferred to the Consumer Financial Protection Bureau (CFPB). The HMDA requirements are intended to provide […]

Credit Card Fraud Massachusetts Our Daily News US Department of Justice (DOJ)

Romanian National Sentenced for Multi-State ATM Card Skimming Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, June 3, 2019 Scheme Caused over $868,000 in Losses from over 530 Individual Accounts in Three States A Romanian national was sentenced today in federal court in Springfield, Massachusetts, in connection with a multi-state ATM card skimming scheme.  Assistant Attorney General Brian A. Benczkowski […]

Banking & Securities Fraud Our Daily News

The American With the Toughest Job in Finance: Saving Deutsche Bank – WSJ

Matt Zames of Cerberus Capital has a colossal mess to help clean up at the German giant, which has posted a string of disappointing results, has been designated a “troubled institution” and faces pressure to merge with a rival. To the bank, Cerberus is at once a shareholder, paid adviser and customer. — Read on […]

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Cost of exec’s retirement flagged in Q1 $9.4m loss by CV Sciences

POSTED BY: HEMPTODAY™  MAY 9, 2019 U.S.-based CBD maker CV Sciences lost $9.4 million in the first quarter of 2019, the company said in a report issued May 8, 2019. The losses were “primarily related to additional stock-based compensation and payroll expense associated with the retirement of the company’s founder and former President and Chief Executive Officer,” Michael Mona, Jr., […]

Banking & Securities Fraud Internal Revenue Service (IRS) Investment Fraud Maryland Our Daily News Political Fraud Securities Fraud US Department of Labor (DOL)

Loan Broker Sentenced To Nine Years In Federal Prison For Bank Fraud Conspiracy To Fraudulently Obtain More Than $100 Million In Sba-Backed Business Loans

Department of JusticeU.S. Attorney’s Office District of Maryland FOR IMMEDIATE RELEASE Friday, May 24, 2019 A Fugitive Since 2011, Defendant was Extradited from South Korea in 2019 to Face the Federal Charges Baltimore, Maryland – U.S. District Judge Catherine C. Blake today sentenced Loren Young Park, age 52, formerly of Falls Church, Virginia, to nine years […]

Banking & Securities Fraud California Insurance Fraud Mortgage Fraud Our Daily News

Attorney General Becerra Announces Sentencings in $2 Million Mortgage Fraud Scheme in Southern California

Thursday, May 16, 2019 Contact: (916) 210-6000, agpressoffice@doj.ca.gov SAN DIEGO – California Attorney General Xavier Becerra today announced the sentencing of Andrew Valles for operating a $2 million mortgage fraud scheme throughout Southern California. Today, Mr. Valles was sentenced to 13 years in state prison. Restitution was ordered in the amount of $2,342,957. Co-defendant Arnold […]

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Attorney General Becerra Announces Arrests, Charges Against 10 Individuals in Southern California Vehicle Title Washing Scheme

Friday, May 17, 2019Contact: (916) 210-6000, agpressoffice@doj.ca.gov SACRAMENTO – California Attorney General Xavier Becerra today announced the arrest of ten individuals for allegedly using fraudulent information on credit applications to purchase vehicles from various car dealerships located in Los Angeles, Orange, Riverside, San Diego, and San Bernardino Counties. After purchasing vehicles using false or stolen identities, the […]

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Attorney General Becerra Obtains $1.5 Million in Judgments Against Telemarketers Who Scammed Vulnerable Investors

Tuesday, May 28, 2019 Contact: (916) 210-6000, agpressoffice@doj.ca.gov SACRAMENTO – California Attorney General Xavier Becerra announced today judgments totaling $1,498,574 in a lawsuit against telemarketers who scammed investors. The company, Consumer Rights Legal Services (CRLS), and four individuals, including CRLS’s president and owner, James Davitt, cheated more than 150 victims by offering bogus “investment recovery services” that they […]

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

Business Executive Pleads Guilty to Foreign Bribery Charges in Connection with Venezuela Bribery Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, May 29, 2019 A dual U.S.-Venezuelan citizen who controlled multiple U.S.-based companies pleaded guilty today for his role in the Petroleos de Venezuela S.A. (PDVSA) foreign bribery scheme.  The case involves bribes paid to PDVSA officials – Venezuela’s state-owned and state-controlled energy company – […]

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Former, current Dayton officials face federal fraud, bribery charges

By: Paul Rodzinka  Posted: Apr 30, 2019 09:53 AM EDT Updated: Apr 30, 2019 06:45 PM EDT 1.6K Related Coverage Dayton City Manager taking action amid federal investigation Investigators committed to rooting out ‘culture of corruption’ in Dayton Accused City of Dayton employee placed on unpaid leave amid fraud investigation Former City Commissioner, State Rep. appear in […]

Banking & Securities Fraud Illinois Our Daily News

Chicago bank CEO accused of bribing Manafort for administration job

Posted May 23 Updated May 23 Stephen Calk used the bank’s resources to curry favor with Trump’s campaign chairman, ignoring internal standards and lying to regulators, prosecutors say. BY RENAE MERLE THE WASHINGTON POST  Stephen M. Calk speaks about the Federal Savings Bank’s headquarters to Chicago in 2012. Mayor Rahm Emanuel is at left. Al Podgorski/Chicago Sun-Times via Associated Press […]

Banking & Securities Fraud Our Daily News

Top officials at New York Fed stepping down | Article [AMP] | Reuters

The Federal Reserve Bank of New York said two top executives would step down on June 1, leaving an interim figure in charge of the U.S. central bank’s market operations. — Read on mobile.reuters.com/article/amp/idUSKCN1SY1UY