Saturday, May 21, 2022

Fraud

Nigeria’s Accountant General suspended over N80bn fraud

Ahmed Idris, Nigeria’s Accountant General of the Federation, who was on Monday arrested by the Economic and Financial Crimes Commission (EFCC) over an alleged N80bn fraud has been suspended indefinitely by the Minister of Finance, Budget and National Planning,...

Former commissioner of drainage district and wife convicted of fraud

The former commissioner of an East King County drainage district and his wife were convicted Thursday in federal court on charges that they stole tax dollars intended for flood control. A jury found Allan and Joann Thomas guilty of conspiracy,...

Former Georgia insurance commissioner indicted on federal health care fraud, money laundering charges

A federal grand jury in Atlanta returned an indictment Friday against former State Insurance and Fire Commissioner John Oxendine, accusing him of a scheme to defraud major healthcare providers. The two count indictment accuses Oxendine of conspiracy to commit health care fraud...

US lands top spot as world’s biggest enabler of financial secrecy in new index

The United States is the world’s largest enabler of financial secrecy, surpassing notorious tax havens like Switzerland, the Cayman Islands and Bermuda, according to an analysis by the Tax Justice Network released today. For the first time, the U.S. tops...

Grand jury charges Hampton banker Russell Laffitte in Murdaugh fraud conspiracy case

Former Hampton, South Carolina bank executive Russell Laffitte this week became the third associate of Alex Murdaugh hit with felony charges over his apparent involvement in Murdaugh's years-long string of alleged thefts, money laundering and fraud schemes. Laffitte, former CEO...

Mining Capital Coin CEO indicted in $62 million crypto fraud scheme

An indictment was unsealed yesterday charging the CEO of Mining Capital Coin (MCC), a purported cryptocurrency mining and investment platform, for allegedly orchestrating a $62 million global investment fraud scheme. “Cryptocurrency-based fraud undermines financial markets worldwide as bad actors defraud...

Former Liberian Rebel General Charged With Immigration Fraud

U.S. Attorney Jennifer Arbittier Williams announced that Laye Sekou Camara, aka K-1 and Dragon Master, 43, of Mays Landing, New Jersey, was arrested and charged by Criminal Complaint and subsequent indictment on the charge of use of an immigration...

Former film producer Jason Van Eman found guilty in $60 million fraud scheme

Film producer Jason Van Eman convinced numerous victims that their multi-millions of dollars in donations would finance movies, Broadway shows and music festivals. But in reality, their money was going into his bank accounts and the bank accounts of...

Pro football investor pleads guilty in cryptocurrency scheme

A businessman who was one of the early investors in a failed professional football league called the Alliance of American Football pleaded guilty Monday to charges accusing him in a $600 million cryptocurrency scheme. Reginald Fowler was charged with bank...

France issues international arrest warrant for disgraced auto tycoon Ghosn

French prosecutors have issued an international arrest warrant for disgraced auto tycoon Carlos Ghosn, who fled Japan in 2019 for Lebanon in a gripping escape. The prosecutor's office in the Paris suburb of Nanterre said Friday that it issued the...

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Nigeria’s Accountant General suspended over N80bn fraud

Ahmed Idris, Nigeria’s Accountant General of the Federation, who was on Monday arrested by the Economic and Financial Crimes...