Earlier this month, the lender agreed to pay $190 million in penalties and customer payouts to settle the case involving the creation of credit, savings and other accounts without customers’ knowledge. About $5 million will directly go to customers, many of whom might have paid a small fee on the unwanted accounts
Regulators slapped the fine on Wells Fargo through a settlement after discovering that employees created fake email addresses, fraudulently applied for credit cards and moved unwitting customer’s money to the new accounts. The misbehavior earned bonuses and let employees meet aggressive sales quotas.
A plan to unclog the pipeline for disability claims in the Veterans Affairs Department has ended up re-clogging it with fraudulent claims. Veterans with great needs are bumped out of appointments by fakers. And money that could go to those too disabled to work a regular job gets diverted to the well-bodied.
U.S. law enforcement officials have charged 301 suspects with trying to defraud Medicare and other federal insurance programs in 2016, marking the “largest takedown” involving health care fraud allegations, the Justice Department said on Wednesday.
USA Today counted “[a]t least 60 lawsuits, along with hundreds of liens, judgments, and other government filings” in which scores of carpenters, painters, waiters, bartenders, lawyers, and other employees and contracted companies accuse Trump of bilking them on the bill.
When Donald Trump announced that he would be giving a press conference today to discuss his misdealings with veterans groups, members of the media covering his remarks should have known they were in for a wild ride.
In an April 29 press release the Department of Justice noted that Simmons “falsely claimed he spent 27 years working for the Central Intelligence Agency” and had pleaded guilty “to major fraud against the government, wire fraud, and a firearms offense.”
With more people buying gifts online over the holidays, the potential for fraud is high. Scammers know people are looking for good deals and trying to fulfill their holiday wish lists, often without a lot of time.
By Mark Morris, The Kansas City Star KANSAS CITY, Mo. –– Some Atlanta gang members had no clue in October 2011 that their future freedom rested on a routine chore performed by an convenience store employee in Olathe, Kan. Cleaning up his trash bins about 6 a.m., the QuikTrip manager noticed that someone had dumped […]
By Paula McMahon, Sun Sentinel FORT LAUDERDALE, Fla. — A Broward County, Fla., man pleaded guilty to his role in Scott Rothstein’s $1.4 billion Ponzi scheme Tuesday in federal court. After some last-minute hesitation, Frank Preve, 70, of Coral Springs, pleaded guilty to one count of conspiracy to commit wire fraud. Preve, who worked with […]
By Robert Patrick, St. Louis Post-Dispatch ST. LOUIS — It started as a tale of intrigue. Nobody answered the phone at a small law office in St. Peters. Clients arriving for appointments in late October found an eerie scene: door unlocked, nobody there, computers running, case files on the floor. The question of where Jeffrey […]
Paris (AFP) – Swiss bank UBS was on Wednesday charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said. The bank, which was already under investigation for illegal solicitation of customers in France, will now have to pay a total bail of 1.1 billion […]
New York (AFP) — A New York judge jailed two Israelis on Monday for orchestrating an elaborate international lottery scam that defrauded elderly Americans out of more than $8 million in life savings. U.S. district judge Loretta Preska sentenced Avi Ayache and Yaron Bar to 13 years and 12 years respectively after they pleaded guilty […]