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August 2017 Fraud Cases In The News

August 2017 Fraud Cases In The News

If you are looking to stay up to date on recent cases involving alleged fraud or theft throughout the country, the FBI’s website, fbi.gov, is a great source of information.

Below are some August 2017 fraud cases referenced on the FBI’s website and throughout the internet.

 

RACKETEERING SCHEME

Read Article: International Surrogacy Clients Defrauded in Racketeering Scheme

August 7, 2017

Acharyya Rupak, was sentenced and ordered to serve 24 months in custody for crimes relating to his international surrogacy company, Planet Hospital. Rupak acknowledged that he caused total losses of at least $247,620, although the total losses will be determined at the restitution hearing.

 

BANK & WIRE FRAUD

Read Article: Shelby County Woman Pleads Guilty to Fraud for Raising Money on False Cancer Claim

August 8, 2017

Jennifer Flynn Cataldo, 37, of Sterrett, pleaded guilty in federal court to fraud charges for falsely claiming she had terminal cancer in order to get money from family and friends and to solicit donations through an online fund-raising site.

Cataldo entered her guilty pleas before U.S. District Court Judge Virginia Emerson Hopkins to one count of wire fraud and one count of bank fraud.

The maximum penalty for wire fraud is 20 years in prison and a $250,000 fine. The maximum penalty for bank fraud is 30 years in prison and a $1 million fine.

 

WIRE FRAUD

Read Article: Nassau County, New York, Man Admits Defrauding Multiple Residential Mortgage Holders

August 8, 2017

Jeffrey Halpern, 62, of Hewlett, New York, pleaded guilty in federal court this month to one count of wire fraud. The sole proprietor of a purported loan modification consulting company fraudulently billed clients more than $400,000 for services that were never performed. The wire fraud charge carries a maximum potential penalty of 20 years in prison and a $250,000 fine. As part of his plea agreement, Halpern must also pay restitution to the victims.

 

IDENTITY THEFT & WIRE FRAUD

Read Article: Jury Convicts Leader of Nationwide Identity Theft and IRS Tax Fraud Scheme

August 9, 2017

A federal jury in Medford, Oregon convicted Emmanuel Oluwatosin Kazeem, 34, of Bowie, Maryland and Nigeria of 19 counts of mail and wire fraud, aggravated identity theft and conspiracy to commit mail and wire fraud. Defendant used the identities of thousands of Oregon and Washington taxpayers to file false income tax returns. Kazeem is scheduled to be sentenced in the federal district court in Medford before U.S. District Court Judge Ann Aiken on November 8, 2017.

 

HEALTH CARE FRAUD

Read Article: Dallas Doctor Sentenced on Health Care Fraud Conviction

August 9, 2017

Jacques Roy, a 60-year-old doctor from Rockwall, Texas who was convicted in April 2016 of various health care fraud charges following a six-week-long trial, was sentenced this month to 420 months in federal prison and ordered to pay $268,147,699 in restitution.

Roy was convicted of one count of conspiracy to commit health care fraud, eight counts of health care fraud, two counts of making a false statement relating to healthcare matters and one count of obstruction of justice.

 

FINANCIAL FRAUD

Read Article: Accountant Sentenced for Stealing $3.5 Million from Employer

August 9, 2017

Gary Tiffany II, 33, of Boston, a former accountant for an investment advising company was sentenced in federal court in Boston in connection with a fraud scheme in which he stole more than $3.5 million from his employer. Tiffany was sentenced to 51 months in prison, three years of supervised release, and ordered to pay restitution of $3,450,304.

 

BANK FRAUD

Read Article: Dorchester Man Pleads Guilty to Role in $4 Million Bank Fraud Conspiracy

August 10, 2017

Charles Washington, 44, pleaded guilty today to one count of bank fraud conspiracy and four counts of bank fraud for his role in coordinating unauthorized withdrawals from federally insured banks. The charges of bank fraud and bank fraud conspiracy provide for a sentence of no greater than 30 years in prison, five years of supervised release, a fine of $1 million, and restitution.

 

EMBEZZLEMENT & FINANCIAL FRAUD

Read More: Des Moines Woman Sentenced to Prison & Ordered to Pay Restitution for Embezzling from Bankers Trust 

August 11, 2017

This month, Lacey M. Nicolino, 34, of Des Moines, Iowa, was sentenced to five months in federal prison for embezzlement by a bank employee. Nicolino will serve five years of supervised release following her imprisonment, including five months of home confinement, pay $100 to the Crime Victims’ Fund, and pay $69,996 in restitution to Bankers Trust.

 

IDENTITY THEFT

Read Article: Florida Resident Charged with Stealing Federal Student Aid Funds and Aggravated Identity Theft

August 11, 2017

Roman Williams, 36, of Pensacola, Florida, was charged in a two-count Bill of Information with theft of government funds and aggravated identity theft. According to court documents, Williams falsified federal student loan applications using stolen identities and then used the stolen student aid monies for his own personal use.

 

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Call Veriti Consulting to speak with a professional and trusted forensic accounting firm. Contact us at (855) 232-4410.

 

 

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