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May 2017 Fraud Cases In The News: Healthcare, Wire-Transfer & More

May 2017 Fraud Cases In The News: Healthcare, Wire-Transfer & More

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

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

Healthcare Fraud

Read Article: Louisville Physician Sentenced To 48 Months In Prison For Unlawful Distribution Of Controlled Substances And Health Care Fraud

June 5, 2017

United States Attorney John E. Kuhn, Jr., today announced the 48-month sentence of a Louisville Physician, in the United States District Court, by a Chief Judge for unlawful distribution of controlled substances and healthcare fraud.


Credit Card Skimming

Read Article: FBI: Restaurant Patrons Targeted in California Fraud Scheme

May 24, 2017

Authorities say a dozen people have been arrested as part of a federal investigation into a large-scale credit card skimming operation that targeted Southern California restaurant patrons.

FBI spokeswoman Laura Eimiller says early-morning raids at properties in Los Angeles and San Bernardino counties targeted a pair of street gangs.


Wire-Transfer Fraud

Read Article: FBI Warns of Surge in Wire-Transfer Fraud Via Spoofed Emails

May 5, 2017

Attempts at cyber wire fraud globally, via emails purporting to be from trusted business associates, surged in the last seven months of 2016, the U.S. Federal Bureau of Investigation said in a warning to businesses.

Fraudsters sought to steal $5.3 billion through schemes known as business email compromise from October 2013 through December, the FBI said in a report released by its Internet Crime Complaint Center.


Virtual Ticket to Prison

Read Article: Investigation of Fraud Scheme Unravels Man’s Illegal Bitcoin Exchange

May 3, 2017

The beginning of the end of an Ohio man’s venture into the murky world of cryptocurrencies can be traced back to the moment investigators linked the 29-year-old to a ticket fraud scheme nearly 2,000 miles away in California.

Daniel Mercede, of Chagrin Falls, was charged last November for using stolen credit card information to buy tickets to concerts and other events from a California-based ticket seller. He would then turn around and sell them through another ticket broker—often for less than he paid—netting himself a tidy illicit profit.


Financial Fraud

Read Article: Stock-Loan Scheme Costs Investors $100 Million

April 21, 2017

An elaborate and long-running financial fraud carried out by a Florida man and co-conspirators cost business executives and shareholders of publicly traded corporations more than $100 million—losses that in some cases forced companies to close their doors.

Jeffrey Spanier, who was recently sentenced to eight years in prison for his role in the scheme, fleeced some very savvy businessmen, including CEOs.


Fraud comes in many shapes and sizes. Not all fraud amounts to millions or billions of dollars, but it could greatly impact your personal or business finances.  If you feel like you are the victim of fraud, you may want to look into Fraud Investigation Services by a CFE.


Call Veriti Consulting now to speak with a professional and trusted forensic accounting firm. Reach out and contact us today at (855) 232-4410.

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