Tuesday, October 27, 2020

Ebay seller indicted on $1.5 million fraud through U.S. Postal Service


A Kendall area man with a history of violence, working-with-your-hands crime has been accused of a $1.5 million white collar scheme in a federal court indictment.

Edwin Garcia-Albarracin’s alleged victim: The U.S. Postal Service.

That’s why the 32-count indictment of Garcia-Albarracin, 45, includes 10 counts of mail fraud along with 10 counts of wire fraud and 12 counts of money laundering. The man also known as “Edwin Garcia” has a detention hearing on Tuesday.

As described in the indictment, Garcia-Albarracin didn’t reinvent the wheel for this scam. He just kept rolling with it until it rolled up major dollars.

- Advertisement -

Through Rambos Market, he sold goods online in places like eBay and Listia. He’d send the products to various buyers throughout the country using USPS, buying postal insurance for each.

He, then, the indictment said, “submitted false and fraudulent claims through the USPS Customer Inquiry and Claims Response System, certifying that contents of certain packages that he had mailed were damaged when….Garcia-Albarracin then and there well knew the contents were not damaged.”

The indictment says Garcia-Albarracin supported his claims by sending photographs of damaged products. Problem was, prosecutors claim, the pictures weren’t of the products Garcia-Albarracin actually sent.

Each electronic filing of a fraudulent claim counted as wire fraud. As for the money laundering, prosecutors allege he moved the ill-gotten gains around to hide them or hide from whence they came.

- Advertisement -

One of those money movements listed was an Aug. 28, 2019 $20,000 check written on Garcia-Albarracin’s Citibank account “for the purchase of a home located at 9425 SW 171st Pl., Miami, Florida.”

That’s why the government’s going after that house in forfeiture. Miami-Dade online property records say Garcia-Albarracin bought that 2015-built, five-bedroom, four-bathroom Kendall Commons Townhomes area home last year for $380,000.

If what the government alleges is true, it would represent a shift for Garcia-Albarracin’s criminal activities. This scam involved economically throwing the bull. His previous crimes involved violently throwing hands.

According to Miami-Dade County online court records, aside from a 2016 petit theft rap that cost him $358 in fine and court costs, the owner of Rambos Market tended toward more physical crime.

2006: withheld adjudication with a fine and court costs of $278 after a charge of assault on an elderly person.

2003: a charge of battery on a sports official led to a year’s probation.

2001: Garcia-Albarracin completed a pre-trial diversion program after assault and battery and witness tampering/harassment charges.


Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Brother of ex-Pakistan PM Nawaz Sharif jailed for money laundering

Pakistan Muslim League-Nawaz (PML-N) chief and Opposition Leader in the National Assembly Shehbaz Sharif was sent to jail on Tuesday in a money laundering...

Mozambique seeks prosecution of ex-Credit Suisse bankers implicated in debt scandal

Mozambique's Attorney General's Office said on Wednesday it will seek the extradition of three former Credit Suisse CSGN.S bankers implicated in a $2 billion debt scandal...

Fundraiser Elliott Broidy pleads guilty in foreign agent case linked to 1MDB

Major Republican Party and Trump fundraiser Elliott Broidy pleaded guilty Tuesday to acting as an unregistered foreign agent, admitting to accepting millions...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks