Tag

Bank Fraud

All articles tagged with #bank fraud

Five indicted in Houston stolen-check scheme tied to USPS routes
local4 days ago

Five indicted in Houston stolen-check scheme tied to USPS routes

Five people, including three USPS mail carriers, have been indicted in a federal case accusing them of stealing roughly $24 million in checks from mail on Houston routes and selling them via a Telegram channel called 'slipsandchips'; Vaughn recruited Kilpatrick, Alexander and Joubert to steal checks and Bryant to purchase them, with shipments sent by FedEx. The scheme spanned roughly Oct 2022–Sept 2024 and targeted banks including Chase, Amegy, Citibank, BMO and Stellar. They face conspiracy to commit bank fraud and multiple bank-fraud charges, with potential asset forfeiture if convicted. All defendants are presumed innocent unless proven guilty.

Diamonds, Debts and a Global Manhunt: The Nirav Modi Case
business20 days ago

Diamonds, Debts and a Global Manhunt: The Nirav Modi Case

The piece traces Nirav Modi’s rise from a Mumbai-area diamond heir to a global luxury jeweler, championed by celebrities and expanding to major cities, before detailing the 2018 allegations that he orchestrated a multi-billion-dollar fraud at Punjab National Bank using Letters of Undertaking to borrow abroad. Modi fled to London and has fought extradition to India for years, with his uncle Mehul Choksi also facing charges; the saga has rocked India’s diamond trade and spotlighted accountability for the wealthy in the country.

From True-Crime Producer to FBI Fugitive: The Mary Carole McDonnell Case
business1 month ago

From True-Crime Producer to FBI Fugitive: The Mary Carole McDonnell Case

Mary Carole McDonnell built Bellum Entertainment into a prolific true-crime producer, but allegedly forged documents to claim an $80 million family trust and secured about $14.6 million in loans. When funds dried up and employees went unpaid, she disappeared to Dubai. Indicted in 2018 for bank fraud and aggravated identity theft and added to the FBI’s Most Wanted list in 2025, she remains a fugitive as U.S. banks and former Bellum staff pursue repayment and closure.

Gutman Almost Fell for a Sophisticated Bank-Fraud Sting
television1 month ago

Gutman Almost Fell for a Sophisticated Bank-Fraud Sting

CBS News journalist Matt Gutman said he was targeted by a patient, highly sophisticated phone scam in which a caller pretended to be a bank investigator, claiming fraud activity and instructing him to withdraw cash to “catch” the scammers. He spent over an hour on the call and nearly emptied his account before realizing he should have used the number on the back of his card. The incident underscores how bank-impersonation scams can feel convincing and dangerous.

SPLC Indictment Under Fire for Vague Charges and Legal Gaps
law4 months ago

SPLC Indictment Under Fire for Vague Charges and Legal Gaps

The piece argues that the DOJ’s 11-count indictment of the Southern Poverty Law Center is frail, with a weak theory that donors were misled about supporting hate groups, lacking specific misrepresentations, and failing to meet the standards required to prove fraud beyond a reasonable doubt. It critiques the wire and bank fraud counts as poorly developed, notes ambiguities around “fictitious” companies and the use of “false and misleading” statements, and compares the case to other indictments to highlight its gaps. The author calls for a Bill of Particulars and warns the government may face serious legal and tactical challenges, suggesting the indictment may not withstand scrutiny or succeed on appeal.

Financial Adviser Ordered to Pay $37 Million Restitution for Bank Swindling
labor-and-growth7 months ago

Financial Adviser Ordered to Pay $37 Million Restitution for Bank Swindling

Jesse Hill, a financial adviser involved in a $45 million bank fraud scheme with Aaron Marshbanks, has been ordered to pay over $37 million in restitution, though full repayment is unlikely due to limited assets and income. The scam, possibly Nebraska's largest bank fraud case, involved falsified collateral documents to secure fraudulent loans used for personal luxury and covering investment losses. Hill is serving a five-year prison sentence, and assets including property and a plane are expected to be sold to satisfy the debt.

Fake Heiress Turned Fugitive: Ex-Employees Reveal Long-Running Scam
crime8 months ago

Fake Heiress Turned Fugitive: Ex-Employees Reveal Long-Running Scam

Mary Carole McDonnell, once a successful TV producer and alleged aviation heiress, is now a fugitive wanted by the FBI for bank fraud and identity theft, accused of defrauding banks of nearly $30 million by falsely claiming connections to the McDonnell Douglas family and forging documents, while former employees of her company Bellum Entertainment recount unpaid wages and a company shutdown amid her alleged long con.

NY Attorney General Letitia James Indicted on Bank Fraud Charges
politics10 months ago

NY Attorney General Letitia James Indicted on Bank Fraud Charges

The Justice Department has indicted New York Attorney General Letitia James on charges of bank fraud and making false statements, allegedly related to a mortgage application, amid political pressure from President Trump, who has criticized her investigations into him. James denies the charges, calling them politically motivated, and plans to contest them in court.

New York AG Letitia James Indicted Amidst Legal and Political Tensions
law-and-politics10 months ago

New York AG Letitia James Indicted Amidst Legal and Political Tensions

New York Attorney General Letitia James was indicted in Virginia on charges of bank fraud and false statements related to a mortgage, amid ongoing political tensions involving Donald Trump, who publicly called for her prosecution. James denies the charges, calling them politically motivated, and plans to fight them while continuing her work against Trump and his organization.

Grand Jury Considers Indictment of NY Attorney General Letitia James
politics10 months ago

Grand Jury Considers Indictment of NY Attorney General Letitia James

Letitia James has been indicted by a federal grand jury for bank fraud, in a move seen as part of Donald Trump's efforts to target political rivals through the Department of Justice. The case was presented by US attorney Lindsey Halligan, who was recently appointed amid Trump's frustrations with investigation progress. This follows recent charges against former FBI director James Comey.