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All Posts Tagged Tag: ‘Fraud’

Sara Ylen Fakes Cervical Cancer, Sentenced to One Year for Fraud

On Wednesday, a 38-year-old Michigan woman was sentenced to one year in prison for money fraud against a healthcare insurance company and generous local supporters. Sara Ylen of Lexington, Mich., accepted thousands of dollars in donations for years by publicizing false claims of cervical cancer. According to NY Daily News, her story first reached local media coverage in 2003 when …

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Vector Settles Inflated Navy Contract Claims For $6.5 Million

The U.S. Department of Justice today announced yet another settlement for a military contractor caught inflating or falsifying U.S. military contract claims. Vector Planning and Services Inc. (VPSI), an IT and consulting firm based in Virginia today agreed to pay $6.5 million to settle violations of the False Claims Act. The company was accused of submitting inflated claims for contracts …

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Bernard Madoff Suffered Heart Attack

For the skeptical, Bernard Madoff indeed has a heart. According to CNBC, the 75-year-old was returned to prison last month after having been hospitalized at Duke University Medical Center for a heart attack. That’s not the end of the billionaire con artist’s health woes. Madoff is reportedly also at the fourth stage of kidney disease. He is not taking dialysis. …

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California Octomom – Guilty Of Welfare Fraud?

The story of Nadya Suleman, appropriately named “Octomom” because she gave birth to octuplets in 2009, conceived through in-vitro fertilization, made headline news when the birth occurred. She is the mother to 14 children that include the octuplets. She received a lot of notoriety, mostly because some people were outraged that she would attempt to have more children after already …

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Nadya “Octomom” Suleman Charged With Welfare Fraud By L.A. County Prosecutors

Nadya Suleman, who became known as “Octomom” after she gave birth to eight kids, was charged Monday with 3 counts of welfare fraud after failing to report nearly $30,000 in earnings she collected from public assistance, authorities said. According to CBS Los Angeles, Suleman was charged on Jan. 6 with two counts of perjury by false application and one count …

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JPMorgan Scraps Twitter Q&A Over Fiscal Furor

It was a brief idea that lasted all of nine glorious hours: the vice-chairman of US corporate banking giant JPMorgan, Jimmy Lee, announced he would be taking over the @jpmorgan Twitter feed at 1pm today. By last night, however, major news outlets around the world were reporting the idea as completely scrapped because of the thousands of angry, abusive tweets …

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Lights Over Paris Singer Sentenced to Prison

The lead singer of the Los Angeles rock band, Lights Over Paris, has been sentenced to seven years in prison for loan fraud. Frontman, Robb “TaLLLLL” University (born as Robert Mawhinney) was charged in January for a series of fraudulent loans. Mawhinney wasn’t being honest when he provided false documents to back up his loan claims. The 30-year-old rocker had …

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Bernie Madoff Accountant Charged with Fraud

NBC News reported this week that Paul Konigsberg, an attorney and accountant, was charged yesterday with falsifying records and related securities connected to the Bernie Madoff Ponzi scheme. Konigsberg is the only non-Madoff family member who owned a controlling interest in the investment fund. The indictment released by the District Attorney for the Southern District of New York almost reached …

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Online Security, Are We All Potentially At Risk?

How safe are we really? One may wonder if large corporations, small businesses, and individuals are all subject to online fraud. Financial Fraud Action UK has recently reported that losses incurred due to online security failures are increasing. Though there is no surefire way to safeguard against all potential risks, individuals have options regarding where to invest their money. Choosing …

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“Real Housewives” star facing 50 Years in Prison

Federal fraud. Tax evasion. Jail. It’s the real-life reality for one of television’s most infamous “hotty” housewives. Some law enforcement officials say years of real-life prison time could possibly await her. “Teresa and Giuseppe ‘Joe’ Giudice have been indicted on federal charges of bank and bankruptcy fraud,” said U.S. Attorney Paul J. Fishman.” Known for her outlandish antics on the …

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7-Eleven Raids: Nine Arrested For Illegal Workers

The U.S. Attorney’s Office today unsealed two indictments charging nine 7-Eleven store owners and operators with wire fraud, steling identities, and concealing and harboring illegal immigrants. The defendants are accused hiring “dozens” of illegal immigrants and giving them identities stolen from U.S. citizens. The illegal employees were allegedly housed in boarding houses owned by the defendants, and “substantial” portions of …

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Lenny Dykstra to Leave Prison on Sunday

Former Major League Baseball star Lenny Dykstra is set to be released from prison on Sunday, just 15 months into his three-year prison sentence. The Philadelphia Inquirer, which first reported the news, quotes a Dykstra biographer as saying he is “surprised” that the ballplayer was released so soon, since he had “blatantly disobeyed the court.” Dykstra was sentenced to three …

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