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Monthly Archives: May 2022
Checking in from Mohammad in Afghanistan
Some of our valued members of our law office team include the children that we are able to sponsor. We read about Maryam in another recent blog post, but we also have an update from Mohammad, another child our office … Continue reading
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CFPB Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments
The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts. Bank of America unlawfully froze customer accounts, charged garnishment fees, garnished funds, and sent payments … Continue reading
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Consumer Debt Soared by $52 Billion in March
Consumer debt levels for March 2022 rose by $52.4 billion, an annual increase of 14%, seasonally adjusted, according to Federal Reserve data. Revolving credit, which includes credit cards, grew 21.4%. Despite strong wage growth—average hourly earnings grew 5.5% in the … Continue reading
Posted in Debt, General
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U.S. Retail Gasoline Prices Hit New Record, as Refiners Struggle to Meet Demand
U.S. retail gasoline prices rose on Tuesday hitting another all-time high, surpassing the previous one set in March as global refiners grapple with a bottleneck that has caused prices to surge ahead of driving season. According to the American Automobile … Continue reading
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Former Paralegal for Chicago Law Firm Charged With Embezzling Bankruptcy Estate Funds
A former paralegal for a Chicago law firm has been indicted for allegedly embezzling more than $600,000 from bankruptcy estate accounts. Becky Sutton fraudulently embezzled the funds from 2009 to 2018 while working on bankruptcy matters at the firm, according … Continue reading
Posted in Bankruptcy, General
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MoneyGram Sued for Allegedly Delaying Transfers and Withholding Refunds
The international money transfer company MoneyGram harmed customers by delaying transfers and failing to properly investigate and fix transfer errors, according to a lawsuit filed by the Consumer Financial Protection Bureau (CFPB) and New York’s attorney general. The suit accuses … Continue reading
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JCPenney Owners Offer to Buy Kohl’s for $8.6 Billion
The owners of JCPenney have made an offer to acquire rival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion. Under the proposal, shopping-mall giant Simon Property and Canada-based Brookfield Asset Management — which … Continue reading
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Doctor Sentenced in $12 Million Medicare Fraud and Device Adulteration Scheme
Donald Woo Lee, a California doctor, was sentenced to 93 months in prison for defrauding Medicare, re-packaging single-use catheters for re-use on patients, and submitting false declarations in a bankruptcy proceeding. Court documents indicate that Lee recruited Medicare beneficiaries to … Continue reading
Posted in Fraud
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Tennis Champion Boris Becker Jailed for Two and a Half Years for Hiding Assets from Bankruptcy
Grand Slam champion Boris Becker has been jailed for two and a half years after hiding assets and debts worth more than £2.5 million after being declared bankrupt. The three-time Wimbledon winner deliberately transferred money to family and associates when … Continue reading
Posted in Bankruptcy, General
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Three Family Members Sentenced in USDA Crop Loan and Bankruptcy Fraud Schemes
Aimee and Donald Rosenbaum, along with their son, Marshal Rosenbaum were recently sentenced in federal court for their roles in crop loan and bankruptcy fraud schemes. Aimee was sentenced to 78 months of imprisonment and faces hefty fines, fees, and … Continue reading
Posted in Bankruptcy, Fraud, General
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