Banks (Finance)
DBS Bank (Hong Kong) Limited has alerted the Hong Kong Monetary Authority (HKMA) to fraudulent websites and internet banking login screens. These websites and login screens are designed to trick customers into providing sensitive personal information, such as login passwords or one-time passwords. The bank emphasizes that it will never
Banks (Finance)
A 78-year-old woman from Wichita, Kansas, was sentenced to 48 months in prison for her role in a multi-million dollar bank and tax fraud scheme. Nancy Martin, former bookkeeper, business manager, and chief operating officer of Mid-Kansas Wound Specialists and Emergency Services P.A., pleaded guilty to one count of
Banks (Finance)
Roger B. Handberg, the United States Attorney for the Middle District of Florida, announced the unsealing of an indictment charging Omayra Ujaque with three counts of bank fraud and one count of aggravated identity theft. Ujaque, a licensed mortgage loan officer, allegedly created and executed a mortgage fraud scheme targeting
Banks (Finance)
San Francisco resident Rodrigo Santos, a licensed civil and structural engineer, has pleaded guilty to multiple counts of bank fraud, honest services fraud, and tax evasion. Santos, who co-founded and owned Santos and Urrutia Structural Engineers, Inc., used his position to defraud clients and embezzle over $1.6 million. He
Banks (Finance)
Todd Chrisley, the star of USA Network's reality show Chrisley Knows Best, has been sentenced to 12 years in federal prison for bank fraud and tax evasion. His wife, Julie Chrisley, was sentenced to 7 years. The couple had tried to appeal their conviction but were unsuccessful. The
Banks (Finance)
The Central Bureau of Investigation (CBI) has initiated a probe into a Rs 26.98 crore loan fraud by a private firm and its directors against Indian Overseas Bank (IOB). The private company, incorporated in June 2011, allegedly diverted the loan funds and manipulated its financial records. The CBI has
Banks (Finance)
The Central Bureau of Investigation (CBI) has registered a criminal offence against two private companies and their directors for allegedly causing a wrongful loss of ₹15.40 crore to the State Bank of India (SBI). The complaint was received in December 2020 from Dipesh Raj, Deputy GM, SBI, against the
Banks (Finance)
Brandon Brouillard, a 29-year-old Worcester man, was sentenced to 47 months in prison and five years of supervised release for using two victims' identities to open bank accounts and attempting to purchase an $83,000 Chevrolet Camaro. Brouillard pleaded guilty to two counts of bank fraud and one count
Banks (Finance)
The PPP and Bank Fraud Enforcement Harmonization Act of 2022 was enacted on August 5, 2022, establishing a 10-year statute of limitations for the prosecution of fraud by borrowers under the Small Business Administration's Paycheck Protection Program (PPP). Almost $800 billion in loans was distributed under the PPP
Banks (Finance)
San Francisco native Stephanie Simontacchi was sentenced to 29 months in prison for her role in embezzling credit union funds and evading taxes. As an accountant at Cavallo Point Lodge and Redwood Credit Union, Simontacchi had access to sensitive financial information and used her position to steal millions of dollars
Banks (Finance)
Stephanie Simontacchi, a 48-year-old accountant from Petaluma, California, was sentenced to 29 months in prison for her role in schemes to embezzle money from two former employers, Cavallo Point Lodge and Redwood Credit Union, and evade taxes. Simontacchi, who had access to her employers' accounting systems and signatory authority
Banks (Finance)
Prosecutors allege that the couple, known for their reality TV show "Chrisley Knows Best," submitted fake documents to banks when applying for loans, hid income to evade taxes, and threatened to evict a property owner in California after refusing to pay rent. The trial is set to start
