NYPD rookie accused of stealing $87K from Wells Fargo clients for Aruba trip, BMW payments, and glute workouts
WHITE PLAINS, N.Y. — A New York City police officer has been charged with stealing more than $87,000 from Wells Fargo customer accounts in an alleged scheme that funded luxury car payments,…
Disbarred Lawyer Sentenced to 12 Years in Prison for Stealing Injured Clients’ Settlement Money and Cheating on Federal Income Taxes
LOS ANGELES – A disbarred personal-injury lawyer was sentenced today to 144 months in federal prison for stealing settlement money from multiple clients, including a multimillion-dollar settlement that should have been…
Germany’s BaFin to ban sale of some futures products to retail clients
BERLIN -Germany’s financial watchdog BaFin said on Thursday that it planned to clamp down on the marketing, distribution and sale of futures products with additional payment obligations. It isn’t the first time…
Fayette County Attorney Pleads Guilty To Defrauding Clients
HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that on February 9, 2022, John William “JW” Eddy, age 39, of Fayette County, Pennsylvania pleaded guilty to…
Ex-Credit Suisse banker says she told bosses “everything” about Bulgarian clients
By Stephanie Nebehay BELLINZONA, Switzerland – A former Credit Suisse employee testified on Thursday that she kept the bank’s management fully informed of outflows from Bulgarian customers’ accounts after authorities in Sofia…
Deutsche Bank advises clients to buy euros after ECB hawkish pivot
LONDON – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the bloc’s inflationary…
GAM returns full value of Greensill-linked fund to clients – memo
ZURICH – Swiss asset manager GAM Holding has returned the full value and more of a fund linked to shuttered supply chain finance firm Greensill, it told employees in an internal memo…
BlackRock pledges to help clients navigate, shape net-zero transition
By Simon Jessop and Ross Kerber LONDON – The world’s biggest asset manager BlackRock said it will increase the products and services it offers to help investors “navigate, drive and invent” the…
Disbarred New York lawyer pleads guilty after bilking clients out of $1.8 million
QUEENS, NY – Queens District Attorney Melinda Katz announced today that former lawyer Yohan Choi, 47, has pleaded guilty to grand larceny for bilking more than 50 clients – whom he represented…
Former UBS Financial Advisor Charged with Defrauding over $5 Million Dollars from His UBS Clients
Miami, Florida – Today, German Nino, a former UBS Financial Advisor, made his initial appearance in federal court in Miami to face charges of defrauding over $5 million from a family who…
Fayette County Attorney Charged With Defrauding Clients
HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that John William “JW” Eddy, age 39, of Fayette County, Pennsylvania was charged by criminal information with one…
Disbarred Queens lawyer bilked clients out of more than $600,000
Queens District Attorney Melinda Katz announced today that disbarred lawyer Yohan Choi, 47, has been charged with grand larceny and other crimes for allegedly bilking more than 40 clients out of nearly…
Queens cryptocurrency thief charged after stealing over $233,000 from clients
QUEENS, NY – Queens District Attorney Melinda Katz announced today that Nithushan Sachchithanantham, 28, has been charged with grand larceny for stealing the proceeds of an online sale of more than 3,000…
Former Financial Advisor Sentenced to 14 Years in Federal Prison for $12 Million Fraud that Caused Clients to Lose Retirement Savings
LOS ANGELES – A former financial advisor with a lengthy disciplinary history was sentenced today to 168 months in federal prison for a real estate investment con that caused his clients…
Former insurance agent sentenced to prison for wire fraud scheme that defrauded clients across the U.S.
Seattle – A 58-year-old Snohomish, Washington, insurance agent was sentenced today in U.S. District Court in Seattle to 2 years in prison and 3 years of supervised release for wire fraud for…
Office Manager Admits She Embezzled More Than $350,000 from Home Healthcare Agency and its Elderly Clients
Assistant U. S. Attorney Oleksandra Johnson (619) 546-9769 NEWS RELEASE SUMMARY – November 23, 2021 SAN DIEGO –A former office manager for a healthcare provider pleaded guilty in federal court today to…
Joliet Financial Advisor Indicted on Federal Fraud Charges for Allegedly Swindling Clients Out of Nearly $800,000
CHICAGO — A Joliet financial advisor has been indicted on federal fraud charges for allegedly swindling several clients out of nearly $800,000. RONALD T. MOLO, 61, of Shorewood, Ill., is charged in…
Former Memphis Attorney Sentenced in Scheme to Defraud Clients
Memphis, TN – Former Memphis Attorney George E. Skouteris, Jr. 59, was sentenced to 30 months imprisonment in a scheme to defraud clients. Acting U.S. Attorney Joseph C. Murphy, Jr., announced the…
South Windsor Woman Admits Defrauding Immigrant Clients, USCIS
Leonard C Boyle, Acting United States Attorney for the District of Connecticut, announced that KHATIJA KHAN, 40, of South Windsor, pleaded guilty today before U.S. District Judge Stefan R. Underhill in Bridgeport…
Salt Lake City Estate Planning Attorney Pleads Guilty to Embezzling at least 9.5 Million Dollars from Clients
SALT LAKE CITY – Attorney Calvin Curtis, 61, of Salt Lake City, pleaded guilty in federal court today to two counts involving wire fraud and money laundering for his role in embezzling…
Maine Tax Preparer Charged with Defrauding Clients
ALBANY, NEW YORK – Sean O’Hare, age 53, of South Portland, Maine, was arraigned today on an indictment accusing him of committing wire fraud. The announcement was made by United States Attorney…
Bergen County Investment Advisor Arrested for Stealing Millions from Clients
NEWARK, N.J. – A former broker and investment advisor from Bergen County, New Jersey, was arrested today for allegedly stealing more than $2.86 million from five clients in order to pay for…
Chicago Investment Manager Sentenced to 17 Years in Federal Prison for Swindling $10 Million From Clients and Lenders
CHICAGO — A Chicago investment manager who swindled more than $10 million from clients and lenders has been sentenced to 17 years in federal prison. SHAWN BALDWIN owned and controlled various investment…
Former Lawyer Agrees to Plead Guilty to Conning Clients via Sham Court Documents Containing Forged Judge Signatures
LOS ANGELES – A former California lawyer has agreed to plead guilty to a fraud charge, admitting he lied to clients about winning cases and deceiving them with bogus documents, some…
Lowell Money Manager Indicted for Defrauding Clients out of Millions of Dollars
BOSTON – A Lowell man was arrested today in connection with a scheme to allegedly defraud his clients out of their life savings. Steven Xigoros, 54, was indicted on one count of…
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