Category Archives: Fraud

U.S. Gave $3.7 Billion in Relief to Likely Ineligible Businesses, Auditor Finds

A rushed emergency aid program for small businesses affected by the pandemic improperly sent nearly $3.7 billion to recipients prohibited from receiving federal funds, according to a government audit. The Small Business Administration’s Economic Injury Disaster Loan program distributed more … Continue reading

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Florida Man Gets 6 Month Sentence for COVID Relief Fraud

A Florida man who lied to get a low-interest COVID-19 relief loan has been sentenced to six months in federal prison. Willy Curry pleaded guilty in August to wire fraud in connection with his fraudulent application to the U.S. Small … Continue reading

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North Carolina tax preparer sent to prison for fraud conspiracy

Court documents and statements made in court show that from 2012 to 2017, Andrea Pasley and two others conspired to prepare fraudulent tax returns. They claimed false education credits or dependents or manipulated their clients’ income to qualify for larger … Continue reading

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L.A. Man Admits Fraudulently Obtaining $9 Million in COVID-19 Loans

A Los Angeles man has pleaded guilty to fraudulently obtaining $9 million in loans from COVID-relief programs, some of which he transferred to his stock trading accounts and used for gambling trips to Las Vegas, federal prosecutors said. Andrew Marnell … Continue reading

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Former NFL Players Plead Guilty to Healthcare Fraud

Clinton Portis was among three former National Football League players who have pleaded guilty for their roles in a nationwide scheme to defraud a healthcare program for retired NFL players, according to the U.S. Justice Department. Portis, a former running … Continue reading

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Mistrial Declared in California Embezzlement Case

Attorney Michael Avenatti, who represented Stormy Daniels in her lawsuit against then-President Donald Trump, is charged with embezzlement for stealing nearly $10 million of settlement money from his clients. He is accused of negotiating and collecting settlements on their behalf, … Continue reading

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University of Phoenix Cancels $141 Million in Debt for ‘Deceptive’ Ads

The for-profit school, University of Phoenix, agreed to a $191 million settlement after it lured students by advertising employer partnerships that did not exist, the Federal Trade Commission said. The school’s deceptions affected students who enrolled between October 2012 and … Continue reading

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Wells Fargo Ex-CEO Banned in Fake-Account Scandal

A regulator barred former Wells Fargo chief executive John Stumpf from the banking industry and fined him $17.5 million over the firm’s fake-accounts scandal, an extraordinary sanction for a top executive at a large bank, Wall Street Journal Reported. Mr. … Continue reading

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Former NFL Players Fraud Scheme Picked Off

The Justice Department charged 10 former NFL players with defrauding a health-care program for retired players of nearly $4 million. Among them a group the Justice Department filed charges against are Robert McCune, John Eubanks, Tamarick Vanover, Ceandris Brown, James … Continue reading

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Washington County businessman gets prison in tax, bankruptcy, unemployment schemes

A judge has sent Washington County business owner George Retos Jr., 71, to federal prison for a year and a day for conspiracy to defraud the IRS and filing a false bankruptcy declaration in connection with his companies, reported by … Continue reading

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