Crypto CEO Linked to Jack Abramoff Convicted of Fraud
Crypto CEO Linked to Jack Abramoff Convicted of Fraud. Rowland Marcus Andrade Found Guilty of Wire Fraud and Money Laundering A California federal jury has convicted Rowland Marcus Andrade, the founder of a cryptocurrency called Anti-Money Laundering (AML) Bitcoin, on charges of wire fraud and money laundering. Andrade was accused of orchestrating a $5 million […]
Norman Gray, Biomedical CEO, Sentenced to 10 Years for Defrauding Investors of $13 Million
Norman Gray, Biomedical CEO, Sentenced to 10 Years for Defrauding Investors of $13 Million. In a shocking case of corporate fraud, Norman Gray, the founder and CEO of a biomedical company (the “Biomedical Company”, has been sentenced to 10 years in prison for defrauding investors out of more than $13 million. This sentence was handed […]
10 Notorious Fraudsters Who Scammed Their Way Into History
10 Notorious Fraudsters Who Scammed Their Way Into History. Throughout history, various swindlers have turned trust into personal fortune, only for their deceptive schemes to eventually crumble. As the world evolved, so did the methods of these tricksters, who adapted to technological advances and shifting economic landscapes. From classic scams to digital cons, notorious figures […]
Natalie Cochran Convicted of Murder After Ponzi Scheme
The Shocking Murder Conviction of Natalie Cochran: A Ponzi Scheme and Poisoning Case. In February 2019, Michael Cochran’s sudden death shocked his loved ones, but the truth about his passing would take years to uncover. Investigators linked his death to his wife, Natalie Cochran, who, along with Michael, ran a Ponzi scheme that defrauded investors […]
Jen Shah: Celebrity Convict #14
Jen Shah: Celebrity Convict #14 Crimes: Conspiracy to Commit Wire Fraud Sentence: 6 years and 6 months Who is Jen Shah? Jennifer Shah (née Lui; born October 4, 1973) is a former American television personality, best known for her controversial role on The Real Housewives of Salt Lake City. A prominent figure on the show, she […]
Two Individuals Charged with Fraudulently Acquiring COVID-19 Relief Funds.
Two Individuals Charged with Fraudulently Acquiring COVID-19 Relief Funds. Kimberly VanKline, 56, from Hyattsville, Maryland, and Rhonda Brown-Moore, 64, from Brooklyn, New York, have been indicted on charges of wire fraud and conspiracy for illegally obtaining funds under the COVID Relief Act., according to U.S. Attorney William Ihlenfeld. The indictment claims that the defendants worked […]
Joanna Smith-Griffin Charged with Defrauding Investors of $10 Million in AllHere Education Fraud
Joanna Smith-Griffin Charged with Defrauding Investors of $10 Million in AllHere Education Fraud. Joanna Smith-Griffin, 33, the founder and CEO of AllHere Education, Inc., was arrested in North Carolina on Tuesday, facing multiple charges of securities fraud, wire fraud, and identity theft. The indictment, made public on the same day, claims that Smith-Griffin misled investors […]
Archegos Founder Bill Hwang Sentenced to 18 Years in Jail for US Fraud
Archegos Founder Bill Hwang Sentenced to 18 Years in Jail US Fraud. Former billionaire investor Sung Kook “Bill” Hwang has received an 18-year prison sentence following the downfall of Archegos Capital Management, which resulted in over $10 billion in losses for Wall Street banks. On Wednesday, United States District Judge Alvin Hellerstein in Manhattan handed […]
Connecticut Investor Pleads Not Guilty to Embezzling $3.5 Million in Hedge Fund Scheme
Connecticut Investor Pleads Not Guilty to Embezzling $3.5 Million in Hedge Fund Scheme. A Connecticut investor, Justin Murphy, 49, has entered a plea of not guilty to charges of federal wire fraud and money laundering in connection with an alleged hedge fund embezzlement scheme. Murphy, from Stamford, Connecticut, is accused of misappropriating over $3.5 million […]
British-Nigerian Sentenced to 7 Years for $5M Business Email Scam
British-Nigerian Sentenced to 7 Years for $5M Business Email Scam. Oludayo Adeagbo, a British-Nigerian national also known as John Edwards and John Dayo, has been sentenced to seven years in prison for his role in orchestrating a multimillion-dollar business email compromise (BEC) scheme. The fraud, which resulted in losses exceeding $5 million, involved a complex […]
Doctor Sentenced to Over 10 Years for $54 Million Medicare Fraud Scheme
Doctor Sentenced to Over 10 Years for $54 Million Medicare Fraud Scheme. Dr. Daniel R. Canchola, a 54-year-old physician from Flower Mound, Texas, has been sentenced to 10 years and one month in prison for his role in a staggering $54 million Medicare fraud operation. The Texas court also ordered Canchola to pay over $34 […]
Ex-CFO Christopher Kamon ‘Tom Girardi’s Law Firm’ to plead guilty to wire fraud
Ex-CFO Christopher Kamon ‘Tom Girardi’s Law Firm’ to plead guilty to wire fraud. The former chief financial officer of Tom Girardi’s law firm has agreed to plead guilty to federal fraud charges, admitting that he and Girardi collaborated to defraud clients of millions in settlement funds. In a plea agreement submitted on Tuesday afternoon, Christopher […]