Saturday, August 20, 2022

Fraud

Former Texas Mayor Found Guilty Health Care Fraud Scheme

On Wednesday, a federal jury found three men associated with a Texas health care company guilty for their roles in a $150 million health care fraud scheme, one of which was a mayor in Texas at the time. After a...

Italian court convicts 13 bank executives from Deutsche Bank, Nomura in Monte Paschi derivative trial

Italy took a hard line against bankers involved in helping Banca Monte dei Paschi di Siena SpA falsify its accounts, sentencing 13 executives to jail and fining the firms involved as it seeks to draw a line under one of the...

Active Fort Carson soldier charged with money laundering, fraud and bait advertising

An active-duty Fort Carson soldier is facing a long list of charges after police say he used social media to take advantage of people. The Fountain Police Department announced the arrest of 22-year-old Christian Johnson on Wednesday. Investigators believe he...

Bank of England warns HSBC over lax fraud controls and staff conduct

HSBC (HSBA.L) has been told by the Bank of England to tighten up compliance controls for fraud, staff conduct and other non-financial risks, a source close to the bank said on Thursday. Prudential Regulation Authority regulators had highlighted the weaknesses...

New York tech firm charged with fraudulently selling made-in-China surveillance equipment to U.S. military

A New York company and seven of its current and former employees were charged Thursday in an alleged scheme to illegally import Chinese-made surveillance and security equipment, and then to sell it to U.S. government agencies, military branches and...

Former UAW VP charged with conspiracy to commit money laundering and wire fraud

Former United Auto Workers (UAW) vice president Joseph Ashton was charged on Wednesday with conspiracy to commit money laundering and wire fraud, the latest charges resulting from a sprawling federal corruption probe into the union. Ashton was a board member...

Fugitive India businessman Nirav Modi threatens suicide if extradited to India to face fraud trial

A UK court has yet again refused to grant bail to Nirav Modi even as the fugitive Indian businessman said that he was “beaten up three times” in the prison and threatened to “kill himself” if his extradition to...

Ex-Vegas payment processing firm owner pleads guilty to fraud totalling $11 million

A British man who lived in Las Vegas and Texas has pleaded guilty in U.S. court in Nevada to bilking hundreds of thousands of victims out of at least $11 million, prosecutors said Tuesday. Gareth David Long acknowledged that he...

Rutherford County mayor’s daughter indicted for fraud and money laundering

A grand jury has returned three indictments against Kelsey Ketron, the daughter of Rutherford County Mayor Bill Ketron. She now faces more than 70 counts, including fraud, perjury and money laundering. Murfreesboro police say Ketron was arrested at 7 p.m....

Nigeria: Ex-banker, wife arrested for laundering $1.49 million of BEC proceeds

The Economic and Financial Crimes Commission, Lagos office, has arrested a former banker, Rowly Isioro and his wife, Ovuomarhoni Naomi, for alleged involvement in Business Email Compromise (BEC) fraud and money laundering. Isioro, a former Assistant General Manager with a...

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India seizes $46 million from crypto exchange Vauld in money-laundering probe

India’s anti-money laundering agency has frozen assets worth $46.4 million from the local entity of Vauld for facilitating “crime-derived”...