Theft
Aviance Shepard, 34, pleaded guilty in federal court to taking part in a bank fraud scheme, involving a stolen check worth $881,324. The check was obtained from the United Parcel Service mail stream in March 2023. Shepard opened a business account and deposited the stolen check, obtaining $320,000
Banks (Finance)
Three of the masterminds behind a nationwide bank fraud and money laundering conspiracy, which attempted to deposit over $15 million in stolen checks at various financial institutions, have been sentenced to a combined total of 421 months in federal prison. Thaddeus Jerome Lee, Latroy L. Currie, and Johnnie Lee Thomas
Banks (Finance)
Environ, a renowned provider of secure identity solutions, has joined forces with leading Nigerian banks, FinTechs, and Telcos to create the Fraud Prevention Readiness Consortium (FPRC). This innovative project aims to combat financial fraud and identity theft by testing and validating Environ's finger vein authentication subscription platform. The
Theft
Angelica Dominguez, 41, and her wife Billy Jo Gussler, 44, were sentenced to prison for a bank fraud scheme that spanned over two years and a burglary of a Tesuque Pueblo gas station. The scheme caused over $40,000 in losses, while the burglary resulted in nearly $2,500 in
Banks (Finance)
A comprehensive investigation by the Enforcement Directorate (ED) into a bank fraud case has uncovered a massive scam involving alleged gold loans worth Rs 2.6 crore sanctioned by UCO Bank. The accused, Gundu Kelvekar and Hemant Raikar, are accused of taking loans from multiple public sector banks and even
Theft
Angelica Dominguez and Billy Jo Gussler, two women from Chimayo, New Mexico, were sentenced to prison for their roles in a bank fraud scheme that spanned over two years and a burglary of a Tesuque Pueblo gas station. The scheme, which caused more than $40,000 in actual loss, involved
Theft
Aviance Shepard, 34, of Kansas City, Missouri, pleaded guilty to taking part in a bank fraud scheme, admitting to depositing a stolen and altered check worth $881,324 into a newly opened business account. She then obtained cashier's checks for $320,000 and withdrew $20,000 in cash
Theft
A former U.S. Postal Service letter carrier was sentenced to 66 months in federal prison and had his U.S. citizenship revoked for his role in a mail theft and bank fraud scheme that netted him $1.6 million. Hachikosela Muchimba, 45, was found guilty by a federal jury
Banks (Finance)
In a breakthrough investigation, the Paldi police in Ahmedabad city cracked a cybercrime ring that involved the fraudulent withdrawal of Rs 24,988 from a man's bank accounts through Google Pay. The investigation led to the arrest of six individuals and the seizure of Rs 3.16 crore
Banks (Finance)
Banks in Hong Kong have been reported to have issued warnings about fraudulent websites, internet banking login screens, phishing emails, and other scams. The Hong Kong Monetary Authority (HKMA) has issued a scam alert warning the public about such activities. The affected banks are The Bank of East Asia, Limited,
Banks (Finance)
The Enforcement Directorate (ED) recently conducted searches at two premises belonging to Shakti Ranjan Dash, the Managing Director of Anmol Mines Pvt Ltd (AMPL), in Bhubaneshwar, resulting in the seizure of several luxury cars, cash, and incriminating records. The probe is linked to a bank fraud of Rs 1,400
Banks (Finance)
The Enforcement Directorate (ED) carried out extensive raids at the residence and offices of Odisha-based mining baron Shakti Ranjan Dash in connection with a money laundering probe linked to the Rs 1,396-crore Indian Technomac Company Limited (ITCOL) bank loan fraud case. The searches targeted Dash's Bhubaneswar residence
