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” […]
“Godfather of Payday Lending” Stripped of $64 Million, Sentenced to 14 Years…
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 […]
Theranos’ CEO Elizabeth Holmes Charged by SEC with “Massive $700M Fraud”…
A little over two years after Theranos was exposed as a fraud by the WSJ, and not that much longer after its CEO Elizabeth Holmes was prancing around with Bill Clinton on the stage of the Clinton Global Initiative…the SEC finally woke up, and moments ago it announced that it has charged Elizabeth Holmes as […]
CEO Surrenders Control of Company…
Kobe Steel Admits Data Fraud Went on Nearly Five Decades…
Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance. Japan’s third-biggest steelmaker said its CEO will step down to take responsibility for the widespread data fraud scandal that […]