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New York judge pleads not guilty in big credit-union fraud case

New York State Judge Sylvia Ash pleaded not guilty Monday to charges of destroying evidence and obstructing justice during a federal investigation into the city’s oldest credit union. U.S. District... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Former VyStar embezzler faces sexual misconduct accuser in sentencing hearing

There is no doubt that Duane Sikes embezzled $5.4 million from VyStar Credit Union, his former employer. He admitted to the crime, which he committed from 2004 to 2017, and pleaded guilty to mail fraud, embezzlement and subscribing to false income tax ret.....»»

Category: topSource: bizjournalsOct 31st, 2019

Prosecutors say New York Manafort case isn"t double jeopardy

State prosecutors in New York City asked a judge Wednesday to reject claims by the defense team for twice-convicted Paul Manafort that their mortgage fraud case is double jeopardy. In court papers... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 12th, 2019

Former Trucking Executive Pleads Guilty To Two Counts Of Wire Fraud In USPS Mail Contracts Case

A former executive of a Florida-based trucking company pleaded guilty in federal court on two counts of wire fraud related to mail contracts it had with the U.S. Postal Service on Wednesday, June 12. read more.....»»

Category: blogSource: benzingaJun 17th, 2019

Ex-CBS Employees Credit Union manager pleads guilty to embezzling $40M

Edward Martin Rostohar, 62, former manager of the CBS Employees Federal Credit Union, pleaded guilty this week to embezzling $40 million from the Studio City institution over the past 20 years......»»

Category: topSource: bizjournalsMay 21st, 2019

Canadian man pleads guilty to wire fraud

A Canadian man who recruited workers to use Western Union locations in Buffalo to wire money collected in a fraud scheme over the border pleaded guilty. Sheldon Hurley, 39, of Markham, Ontario, admitted to running a scam in which he tricked U.S. r.....»»

Category: topSource: bizjournalsMay 10th, 2019

London judge discharges jury in landmark Barclays Qatar case

A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008......»»

Category: topSource: reutersApr 8th, 2019

London judge dismisses jury in landmark Barclays Qatar case

A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008......»»

Category: topSource: reutersApr 8th, 2019

Former UAW official pleads guilty in U.S. corruption case

A former top United Auto Workers official in charge of the union's relations with Fiat Chrysler Automobiles NV (FCA) pleaded guilty on Tuesday in a U.S. federal court in Detroit to misusing the automaker's funds for lavish spending on UAW officials......»»

Category: topSource: reutersApr 2nd, 2019

CEO of Municipal Credit Union charged with fraud, embezzlement

The chief executive of New York's Municipal Credit Union, Kam Wong, was charged with fraud and embezzlement by federal prosecutors today after allegedly billing the institution $280,000 for dental... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 9th, 2018

New York top court narrows Martin Act in $11 billion Credit Suisse case

NEW YORK (Reuters) - New York's highest court on Tuesday curbed the state attorney general's ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky mortgage securities......»»

Category: topSource: reutersJun 12th, 2018

Weinstein pleads not guilty at court hearing

Disgraced movie producer Harvey Weinstein pleaded not guilty on Monday to charges of sexually assaulting a woman in 2006. This was the third criminal sex assault case brought against him. Last week, New York prosecutors charged Weinstein with three ad.....»»

Category: topSource: bizjournalsJul 9th, 2018

University of Colorado professor pleads guilty in mail fraud case

A University of Colorado at Boulder professor pleaded guilty Monday to to mail fraud and aiding and abetting. The government alleges that Oleg Viktorovich Vasilyev, 50, a professor in the department of mechanical engineering, obtained a $234,000 fede.....»»

Category: topSource: bizjournalsJul 11th, 2018

Ex-union boss at Rikers Island jail convicted of corruption

The former union boss at New York City's Rikers Island jail has been convicted of corruption. A federal jury in Manhattan on Wednesday found Norman Seabrook guilty of honest services wire fraud. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 15th, 2018

Ex-union leader at Rikers Island jail convicted of corruption

The former union leader at New York City's Rikers Island jail has been convicted of corruption. A federal jury in Manhattan on Wednesday found Norman Seabrook guilty of honest services wire fraud.... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 16th, 2018

Jury finds defendants in NCAA corruption trial guilty on all counts

A New York City jury has found the three defendants in a case about illicit payments to amateur basketball players guilty of conspiracy to commit wire fraud and wire fraud. The trial gave the most expansive look yet at the "shoe wars" between Nike,.....»»

Category: topSource: bizjournalsOct 25th, 2018

Man who was part of international "boiler room" scam pleads guilty

A man who participated in what officials called an international “boiler room” scam in which money was funneled through a Western New York bank account has pleaded guilty to conspiracy to commit wire fraud, U.S. Attorney James Kennedy said. Ap.....»»

Category: topSource: bizjournalsNov 7th, 2018

PixarBio exec pleads guilty in $12.7M fraud case

Days after a second co-defendent pleaded guilty to defrauding investors, PixarBio Corp. CEO Frank Reynolds told the Business Journal that he was unaware of the fraud and is still working to bring the company's non-opioid painkiller to market......»»

Category: topSource: bizjournalsFeb 11th, 2019

U.S. judge disqualifies Huawei lawyer from fraud, sanctions case

A U.S. judge on Tuesday disqualified James Cole, a Washington lawyer for China's Huawei, from defending the telecommunications equipment maker against charges of bank fraud and sanctions violations......»»

Category: topSource: reutersDec 3rd, 2019

How a banker helped fuel an alleged $2 billion fraud

Former Credit Suisse banker Andrew Pearse’s life was a whirlwind of international travel and deal-making—and then he and two former colleagues pleaded guilty to charges arising from an alleged conspiracy to defraud investors in Mozambique debt deals......»»

Category: topSource: moneycentralDec 2nd, 2019

How a banker helped fuel an alleged $2 billion fraud

Former Credit Suisse banker Andrew Pearse’s life was a whirlwind of international travel and deal-making—and then he and two former colleagues pleaded guilty to charges arising from an alleged conspiracy to defraud investors in Mozambique debt deals......»»

Category: topSource: moneycentralDec 2nd, 2019