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 […]
Top 9 Wire Transfer Scams (and How To Avoid Them)
Top 9 Wire Transfer Scams (and How To Avoid Them) Wire transfer scams can wipe out your house deposit or savings in no time. Get the lowdown on how these scams operate, what warning signs to look for, and tips to protect yourself. Getting Scammed While Wiring Money When Aaron Fisher transferred more than $900,000 […]
Siemens Energy guilty of wire fraud against GE and Mitsubishi
Siemens Energy guilty of wire fraud against GE and Mitsubishi. Siemens Energy, Inc. pleads guilty and agreed to pay $104M to resolve a federal criminal investigation into theft of confidential information from competitors – General Electric and Mitsubishi Heavy Industries. Siemens Energy has admitted to unlawfully acquiring information to gain a competitive advantage in its […]
What is Wire Fraud
What is wire fraud? Wire fraud is a type of financial fraud that involves the use of telecommunications or internet-based communication to carry out a scheme designed to defraud someone of money or property. This can encompass methods such as telephone calls, faxes, emails, text messages, and social media communications, among others. Wire fraud often […]
Eric Adams NY City mayor charged with bribery and wire fraud
Eric Adams NY City mayor charged with bribery and wire fraud. What we know about Eric Adams’ indictment: New York Mayor Eric Adams was served five charges: conspiracy to commit wire fraud, federal program bribery, and to receive campaign contributions by foreign nationals; wire fraud; solicitation of a contribution by a foreign national; solicitation of a […]