Monday, January 18, 2021

U.S

Connecticut man accused of defrauding investors in beverage company

A Connecticut man has been charged with defrauding investors in an alcoholic beverage company and diverting hundreds of thousands of dollars for his personal use, federal authorities announced. Brian Hughes, 56, of Madison, is charged with seven counts of wire...

New York appeals court upholds bribery convictions of NCAA insiders

The prosecution case against three NCAA insiders who bribed families of college basketball players was a slam dunk, a federal appeals court in New York City announced Friday. In a 2-1 decision. the 2nd Circuit Court of Appeals upheld the...

Rhode Island government contractor jailed for paying bribes to secure U.S Army contracts

A former government contractor was sentenced today for his role in a bribery and kickback scheme where he paid bribes to secure U.S. Army contracts. David P. Burns, Acting Assistant Attorney General of the Justice Department’s Criminal Division; Kenji M....

Mississippi pharmacy mogul gets 18 years in prison for health care fraud

A Mississippi businessman was sentenced today for his role in a multimillion-dollar scheme to defraud TRICARE, the health care benefit program serving U.S. military, veterans, and their respective family members, as well as private health care benefit programs. Wade Ashley...

Capital One fined $390 million for breaching U.S. anti-money laundering law

Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on...

Fort Walton Beach ex-finance director charged for fraud, money laundering

A former finance director for the city of Fort Walton Beach has pleaded no contest to fraud charges involving personal use of public funds, according to a news release from the State Attorney's Office. Brandy Ferris, pleaded no contest Jan. 11...

Founder of RG Coins cryptocurrency exchange gets 10 years in prison money laundering

The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years. Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds...

Former Cleveland State University employee accused of giving contracts to relatives in exchange for bribes

A current and former Cleveland State University employee are among five people indicted in what prosecutors say was a scheme that steered more than $250,000 in contracts to one of the employee’s relatives. Marlene Gombach approved grant-funded contracts to pay...

Broward Health former executive faces $600,000 in kickbacks allegation

A purchasing executive at Broward Health steered plum contracts to his accomplices in exchange for $600,000 in kickbacks, vacations to Cancun and the Bahamas, and even a pair of World Cup tickets, prosecutors say. Now Brian Bravo, 46, faces up...

U.S. sanctions Ukraine officials over interference in 2020 election

The Trump administration on Monday slapped sanctions on seven Kremlin-linked individuals and four entities for attempting to interfere in the 2020 U.S. presidential election. The U.S. Treasury Department described the targeted sanctions as the “inner circle” of Ukrainian lawmaker Andrii...

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