Banks (Finance)
A sophisticated nationwide bank fraud scheme involving stolen information, fake IDs, and business registration requirements has been brought to an end, with the leader being sentenced to six years in prison. Amber Towndrow, 36, was found guilty of conspiracy to commit bank fraud, aggravated identity theft, and money laundering, and
Banks (Finance)
Prosecutors have leveled six counts of money laundering against the Managing Director/Chief Executive and Executive Director of SunTrust Bank Ltd, Halima Buba and Mbagwu, respectively. The charges stem from $12 million in high-value cash transactions allegedly facilitated by the defendants without routing them through a financial institution. The case
Fraud
Barclays customers may have been put at risk by a scam website impersonating the bank, with the site claiming to process money transfers and savings on behalf of customers. The website, which was identified by City AM and linked to a Companies House registration, featured the Barclays logo and was
Fraud
A California man has pleaded guilty to his role in defrauding Medicare of nearly $16 million through sham hospice companies and laundering the fraudulent proceeds. Juan Carlos Esparza, 33, of Valley Village, schemed with others, including co-defendants Petros Fichidzhyan and Karpis Srapyan, to bill Medicare for hospice services that were
Fraud
A California man has pleaded guilty to defrauding Medicare of nearly $16 million through sham hospice companies and laundering the fraudulent proceeds. Juan Carlos Esparza, 33, of Valley Village, admitting to scheming with others to bill Medicare for hospice services that were not medically necessary and never provided. The defendants
Fraud
The Economic and Financial Crimes Commission (EFCC) Chairman, Mr. Ola Olukoyede, has raised alarm over the increasing use of cryptocurrencies to hide stolen public funds and launder money. Speaking at the Africa Anti-Corruption Day event in Kaduna, Olukoyede warned that virtual assets are being exploited by corrupt politicians to evade
Fraud
DENT HUNTER, 46, of New Orleans, was sentenced to five years of probation after pleading guilty to making false statements and money laundering related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The case involves HUNTER's attempt to obtain a $122,100 Paycheck Protection Program
Fraud
Telecom Satellites Limited (TStv) CEO Bright Echefu, along with three co-defendants, appeared before the Federal High Court in Abuja on an amended 12-count indictment involving alleged money laundering, tax evasion, and investment fraud. The Economic and Financial Crimes Commission (EFCC) accuses the quartet of defrauding a former Minister of Special
Fraud
Kendra Nicole Scarborough, a resident of Oxon Hill, Maryland, has been charged with tax refund fraud, theft of government funds, and money laundering by a federal grand jury in Baltimore. The indictment alleges that Scarborough assisted in the preparation and filing of false tax returns between December 2019 and March
Fraud
In a significant development, a 26-year-old man was arrested by the Military Police's Support Group (GAP) of the 4th Battalion in Varzea Grande, Brazil, for allegedly making financial transactions and money laundering for a faction. The arrest was made on July 7, following a tip-off from locals about
Cabinet officials
As Russia's ongoing war in Ukraine drains the country's military and economic resources, a rare public reckoning has unfolded within the upper echelons of the Defense Ministry. On July 4, the Moscow City Court sentenced former Deputy Defense Minister Timur Ivanov to 13 years in a
Cabinet officials
The Bulgarian government has made significant progress in combating money laundering and terrorist financing, with the country now meeting 32 recommendations set by the Financial Action Task Force (FATF) and committing to eight more. Minister of Justice Georgi Georgiev met with international officials in Strasbourg to discuss Bulgaria's
