Latest News for: Bank fraud case


Government waves goodbye to billions lost to Covid fraud

The Daily Telegraph 03 Dec 2021
At the time officials acknowledged that fraud would take place but said their priority was to protect the economy ... Officials are prioritising cases against organised crime gangs given the scale of the estimated fraud, the NAO said ... The NAO said the Government is relying on lenders to investigate low-level cases of fraud ... Fraud, Coronavirus, Furlough.

Bart Reagor challenges forfeiture of more than $950,000

Lubbock Avalanche-Journal 03 Dec 2021
15 found Reagor guilty of making a false statement to a bank, but not guilty of two counts of wire fraud ... John Witworth told jurors he used a technique called the "float method" that assumes the most recently deposited money -- in this case the proceeds of the fraud -- in Reagor's bank account floats to the top.

Former Regional Director of the SEC's Chicago Office Joins Constantine Cannon's Whistleblower Practice

Olean Times Herald 02 Dec 2021
Levin brings a breadth of government experience handling complex fraud cases to a premier whistleblower practice with offices in New York, Washington, San Francisco and London ... Levin investigated, prosecuted and tried numerous complex white-collar cases, including health care fraud, securities fraud, bank fraud, money laundering and tax fraud.

Woman sentenced to prison for stealing nearly $1.8M from N.J. employer

NJ dot com 02 Dec 2021
... at New Jersey bank branches in the scheme that ran from January 2014 through March 2019, according to filings in the case. In October 2019, Martinez pleaded guilty in Newark federal court to bank fraud, the U.S.

4 things to cheer as Omicron makes its dramatic entrance: Morning Brief

Yahoo Daily News 02 Dec 2021
The Omicron variant of COVID-19 made its first domestic appearance on Wednesday, with one recorded case, a person who had traveled to South Africa and mildly symptomatic, being found in California ... Elizabeth Holmes' cross-examination in fraud case is 'pretty devastating,' expert says.

Former Watertown farmer sentenced to 10 years, $7.78M restitution in bank fraud case

Argus Leader 01 Dec 2021
Former Watertown farmer who admitted to bank fraud was sentenced to 10 years in prison, $7.78 million in restitution ....

CBI registers case against 8 bank fraud cases

TeluguStop 30 Nov 2021
Bhubaneswar . , Nov 30, 2010 - The Central Bureau of Investigations (CBI) has filed a case against eight people, including three private companies. Read More. ....

Trailblazing Kentucky prosecutor dies after head injury while unloading hay at her farm

Yahoo Daily News 27 Nov 2021
LOUISVILLE, Ky ... She was 69 ... As a federal prosecutor from 1978 to 1983, Grafton tried cases of immigration fraud, white-collar fraud, bank robbery and illegal drug conspiracies ... McMurry said she tried as many as 10 cases against legendary defense lawyer Frank Haddad and won them all ... Attorney Al Welsh, who worked with her on several cases, said ... The Rev.

Longtime Erie FBI agent targets relationship building in new role as supervisory senior agent

Erie Times-News 27 Nov 2021
An FBI agent who has spent his entire career working cases and building relationships in Erie is now at the helm of the agency's local office ... So I've worked counterterrorism investigations, bank robbery, white collar fraud, health care fraud ... "The victims are on their devices for longer periods of time, so those cases increased dramatically.".

‘I lost £9,000 to the world’s most convincing scam – but Monzo hasn't refunded me’

The Daily Telegraph 26 Nov 2021
I quickly contacted the bank on your behalf and was assured it was already on the case ... I hope Monzo’s actions in your case prove to be an example to other banks. I come across too many cases where banks stubbornly refuse to issue refunds, even when it is clear to me that their customers were innocent victims of fraud.

RBI curbs on Malkapur Urban Coop Bank; Covid has led to high NPAs

The Times of India 26 Nov 2021
RBI curbs on Malkapur Urban Coop Bank; Covid has led to high NPAs ... The RBI on Wednesday imposed restrictions on withdrawals beyond Rs10,000 from Malkapur Urban Cooperative Bank in Buldhana district ... Unlike other cases, which includes banks in Nagpur, where fraud led to action by the RBI, here it was due to NPAs.

Mumbai: Centre-state relations plunge to all-time low

The Times of India 26 Nov 2021
With a BJP worker emerging as a witness in the cruise ship drug-bust case, Malik has accused the party of colluding with the NCB to defame the state and the government ... The ED has questioned Sena minister Anil Parab in a money laundering case and former Sena MP Anandrao Adsul in a bank fraud case.

ED raids former Sena minister’s properties

The Times of India 26 Nov 2021
Somaiya’s statement was preceded by ED on November 11 carrying out raids at several premises of a builder and and industrialist in connection to the purchase of Ramnagar sugar factory, in a money laundering case connected with Maharashtra State Co-operative Bank (MSCB) fraud ... The outstanding loan of MSCB bank in 2007 was Rs 11.42 crore.

Nearly £20 billion to be lost from Covid loan schemes

Belfast Telegraph 25 Nov 2021
While it is too early to give a definitive view of the final level of defaults, this latest data suggests that the current levels of failure to repay are lower than some illustrative worst-case scenarios presented prior to repayments commencingBritish Business Bank. Some of the losses will be due to fraud and payments made in error.