Theft and embezzlement is never justified. Stealing from the elderly is particularly disturbing. Thanks to a routine audit, one bank teller is behind bars for ripping off elderly customers. Police in New Iberia, Louisiana charged Brandy Rogers with bank fraud, forgery, identity theft and theft from an aged person. Cops say Rogers looked for older […]
Tax Preparer Fraud and IRS Whistleblower Rewards
Tax Preparer Fraud Is Rampant In February 2020, Myles Hannigan was sentenced to 52 months in prison. When he gets out, he must pay the IRS $3,270,566.89. His crime? Filing false tax returns on behalf of his customers. Hannigan ran a payroll business. Or should we say, “was.” When he isn’t allowed to handle other […]
Seattle Ponzi Schemer Darren Berg Convicted, Escapes!
[Post Updated… You won’t believe the wild ending!] Most people in Seattle know that Frederick Darren Berg is accused of masterminding the largest Ponzi scheme case in the history of Washington State. Berg is currently in jail awaiting trial on multiple felonies. Prosecutors have also charged Berg with bankruptcy fraud. Why is this significant? If […]
Operation Brass Tax – IRS Charges 26 Tax Preparers
It’s January and tax season is in full swing. The IRS says that because of recent law changes, it can’t start processing certain returns until well into February. That fact has further elevated the stress levels of CPA’s and preparers. With any luck, however, by mid April all can head to Cancun, soak up the […]
The Life and Times of Frederick Berg – Inside Seattle’s Largest Ponzi Scheme
[Post updated January 2020] Frederick Darren Berg fancies himself the king of Seattle tour busses. Prosecutors say he is the mastermind of a $130 million Ponzi scheme, one of the largest frauds ever in Washington state. A federal grand jury indicted Berg two months ago and charged him with 9 counts of wire fraud, 2 […]
30 Rock Accountant Arrested for Fraud
Celebrities and media moguls attract much attention from American society; often that attention is unwanted. Fraudsters and con artists know there is a great deal of money in the media world and that makes celebrities and Hollywood production companies big targets for fraud. Matthew Rudolf, a former accountant for the NBC TV series “30 Rock” […]
Busted! Utah Ponzi Promoters Gets Caught (Luc Nguyen, Raymond Morris)
[Post updated] The United States Securities and Exchange Commission has charged Raymond Morris with an offering fraud. Morris, a Draper, Utah, resident is charged with defrauding investors out of at least $60 million. His attorney, Luc Nguyen, was also charged. According to the federal complaint filed, Morris sold unregistered and non-exempt promissory notes to dozens […]
Charles Schwab Pays $119 Million to Settle Consumer Charges
When a prospective customer logs on to the Charles Schwab website, they are greeted with a friendly message that says, “We see investing from your perspective and make recommendations based on actually listening to you and understanding your needs.”Apparently that isn’t so. Schwab settled SEC charges accusing the company of misleading investors about the safety […]
Ex Wells Fargo Brokers Defrauded Customers of Millions
Two former brokers working for Wachovia Securities were charged with securities fraud by the Securities and Exchange Commission. The government says William Harrison and Eddie Sawyers defrauded dozens of Wachovia customers out of at least $8 million. Wachovia is now known as Wells Fargo Advisors. According to court records, Harrison and Sawyer told their clients […]
SEC Shuts Down Broker Who Defrauded Elderly Nuns
Not one week into the new year and the SEC has shut down another fraud scheme, this one targeting the Sisters of Charity, a congregation of mostly elderly nuns in the Bronx section of New York City. The SEC charged Paul Chironis with churning two accounts owned by the nuns. The accounts were to be […]
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