More Americans reported losing money to fraud and scams in 2018 when compared with the year prior. The Federal Trade Commission (FTC) said in a recent report that it received 3 million consumer complaints, including more than 1.4 million fraud reports – with people claiming to have lost money in about one-quarter of those reports. […]
Pharma Exec Convicted of $100M Fraud Scheme…
A pharmaceutical executive was found guilty of fraud Monday when Miami federal jurors found that he used $100 million worth of phony receivables as collateral to obtain loans that his company failed to repay, leading to the collapse of one of Puerto Rico’s biggest banks. Jack Kachkar, the former chairman and CEO of Inyx Inc., […]
Manafort Judge Delays Testimony After Special Counsel Complains…
The fiery judge presiding over the special counsel’s tax fraud case against former Trump campaign Chairman Paul Manafort suddenly delayed new testimony Friday, following a strong “push back” from Mueller’s team. “Judge T.S. Ellis III mysteriously delayed testimony Friday in the case of ex-Trump campaign chairman Paul Manafort, pushing off the day’s proceedings for hours […]
Judge Ellis, Flawed Witness Threaten Mueller’s Case…
“Godfather of Payday Lending” Stripped of $64 Million, Sentenced to 14 Years…
A former Main Line investment banker known as the “Godfather of payday lending” for preying on low-income borrowers was sentenced Friday to 14 years in federal prison and stripped of over $64 million in assets, reports philly.com. Lawyers for 77-year-old Charles M. Hallinan argued that the prison term might as well be a “death sentence” […]
Sara Netanyahu Charged with Fraud for Ordering $96k Worth of Meals From Gourmet Chefs …
Sara Netanyahu, the wife of Prime Minister Benjamin Netanyahu, was indicted on Thursday for alleged systematic fraud involving hundreds of thousands of shekels in connection with meal expenses incurred at the Prime Minister’s Residence. Sara Netanyahu was charged along with Ezra Saidoff, a former deputy director general of the Prime Minister’s Office. The two are […]
The IT Guy and Wasserman Schultz…
Allegations of fraud, theft, bigamy, and violence surround Imran Awan. It’s a story reminiscent of a spy novel. But the scandal surrounding Imran Awan has plenty of elements of the surreal and the farcical, too. Awan was a congressional IT staffer. Numerous members of his family joined him on the congressional payroll. Now he is […]
Federal Grand Jury Indicts West Virginia Supreme Court of Appeals Justice…
United States Attorney Mike Stuart announced today that West Virginia Supreme Court of Appeals Justice Allen H. Loughry II, 47, of Charleston, West Virginia, was charged by a federal grand jury in a 22-count Indictment that was unsealed today. Loughry is a Justice on the West Virginia Supreme Court of Appeals, who was elected in […]
Elder Financial Fraud Is Worse Than We Thought. Here’s What We Can Do About It…
Our parents’ financial rules of thumb were pretty simple and easy to follow: Neither a borrower nor a lender be, pay back your mortgage before retiring, and balance your bank checkbook every month to be sure you’re living within your budget. By contrast, today’s financial marketplace is far more complex, with its multitude of online […]
Bush-Clinton Katrina Fund Given Millions of Dollars That Have Gone Missing…
Fresh off their success helping international victims of the 2004 Indian Ocean tsunami, former presidents George H.W. Bush and Bill Clinton, bitter rivals from 1992, reunited Sept. 5, 2005, in Houston, Texas, to solicit funds and then give grants to organizations aiding Americans pummeled by Hurricane Katrina. On the surface level, it was appealing to […]