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Tag: Fraud

Ex-Detroit Mayor Kilpatrick Set to Appear in Court on Fed Charges

Ex-Mayor Kwame Kilpatrick/official photo

Ex-Mayor Kwame Kilpatrick/official photo

By Allan Lengel
ticklethewire.com

The drama and embarrassment in the Motown continues Tuesday when ex-Detroit Mayor Kwame Kilpatrick — once dubbed the “Hip Hop Mayor” — steps into a downtown federal courtroom to face arraignment on 19 felony fraud and income tax counts, the Detroit News reports.

Kilpatrick is already in prison. He served 99 days in jail for perjury charges relating to a civil lawsuit and a text message scandal involving a top staff member he was having an affair with.

In May, he was sent back to jail for concealing assets that were supposed to go toward $1 million in restitution in the text message case.

The FBI continues to probe corruption in city hall — something there seems to be no shortage of. And the Detroit News reports Kilpatrick could end up getting tagged with more federal charges.

Kilpatrick had showed some promise when he became mayor. But many say his arrogance and his immaturity did him in.  Fair to say, the Hip Hop Mayor is no longer hip and no longer hopping… at least for now.

To read more click here.

NY Pastor With Cable Show Pleads in $3 Million Jewelry Fraud Scheme

gemBy Glynnesha Taylor
ticklethewire.com

A New York pastor with a religious cable television show pleaded guilty Wednesday in Manhattan federal court to bilking investors out of $3 million in a jewelry fraud scheme.

Samuel Solanky, 63, whose Asian Indian Christian cable show “Vandana”  was broadcast in the New York Metropolitan area and elsewhere around the world, told investors he would use their money to buy gemstones in India, the U.S. Attorney’s Office said.

He told investors he would then sell the gemstones to jewelers in the United States and promised them a 100 percent return on the investment in months, authorities said.

Unfortunately for the investors, he never bought gems and pocketed the money through a crafty scheme that often involved wiring the money overseas, authorities said. The scheme took place from 2005 to 2009.

Solanky agreed to a forfeiture of $3 million. Sentencing is set for Sept. 29 before U.S. District Judge Stephen C. Robinson.

The website National Jeweler, which reported on the indictment last year, said Solanky’s  website Vandana.org noted that the cable show was broadcast in  New York, Texas, Pakistan, India and all of Asia.  Solanky’s website no  longer appears to be functioning.

Nashville FBI Agent Indicted on Fraud Chargesl

nashvilleBy Allan Lengel
ticklethewire.com

A Nashville FBI agent, who is married to a Christian gospel singer,  has been indicted on host of fraud charges, including  allegations he defrauded the SunTrust Mortgage Company to buy $1.25 million in rental properties in 2006, the U.S. Attorney’s Office in Nashville announced.

Additionally, the 19-count indictment issued Wednesday charged the FBI agent, Darin Lee McAllister, 44, of scheming to fraudulently obtain a $100,000 line of credit from the mortgage company.

The Nashville City Paper reported that the indictment alleged that  McAllister  falsely claimed he was president of Judah Music and DOJ Productions and earned $500,000 annually.  His wife  Judith Christie McAllister — a Christian gospel singer —  is president and founder of  Judah Music.

McAllister is credited with being ” executive producer or production coordinator on a few of his wife’s — Judith Christie McAllister — gospel albums, including In His Presence: Live!, Raise the Praise, and Send Judah First,” the paper reported.

Authorities  also charged McAllister with  making three false statements linked to his bankruptcy filing in 2009,   the U.S. Attorney’s Office said.

McAllister,  a resident of  Brentwood, Tenn., is expected to surrender to the U.S. Marshals.  An attempt to reach him by email for comment Thursday night was unsuccessful.

OTHER STORIES OF INTEREST

Fed Prosecutors Open Preliminary Probe into Goldman Sachs

goldman-sachs-logoBy Allan Lengel
ticklethewire.com

WASHINGTON — The Justice Department has opened a preliminary investigation into Goldman Sachs, the poster child for greed in America.

The New York Times, citing “people familiar with the matter’, said the Securities and Exchange Commission, which has filed a civil fraud suit against the financial giant, Goldman, referred the case to the U.S. Attorney’s Office in Manhattan.

The company has denied claims by the SEC that it defrauded investors.

To read more click here.

OTHER STORIES OF INTEREST

FBI Says Online Fraud Doubled in 2009 to $559.7 Million

pirate-cyber-theft
By Allan Lengel
ticklethewire.com

WASHINGTON — Fraudulent crime on the Internet doubled in dollar value in 2009 compared to the year before, according to a report by the Crime Complaint Center, a partnership between the FBI and the National White Collar Crime Center.

The report released Friday by the FBI showed that the total loss resulting from online fraud amounted to $559.7 million last year compared to $265 million in 2008.

The report said the number one fraud involved advance fee schemes using the FBI’s name. That accounted for 16.6 percent of the scams. The second most reported offense involved non-delivery or merchandise or failing to make a payment.

“Law enforcement relies on the corporate sector and citizens to report when they encounter on-line suspicious activity so these schemes can be investigated and criminals can be arrested,” Peter Trahon, section chief of the FBI’s Cyber Division said in a statement. “Computer users are encouraged to have up-to-date security protection on their devices and evaluate e-mail solicitations they receive with a healthy skepticism—if something seems too good to be true, it likely is.”

Donald Brackman, director of the White Collar Crime Center  said criminals are “developing increasingly sophisticated means of defrauding unsuspecting consumers. Internet crime is evolving in ways we couldn’t have imagined just five years ago.”

To Read the full report click here.

NJ FBI Agent Pleads Guilty to Submitting $41,000 in Fraudulent Expenses

fbi-logo3By Allan Lengel
ticklethewire.com

Under the category of “Bad Career Moves” comes New Jersey FBI agent Jeff B. Shim, who pleaded guilty Tuesday in Washington to filing more than $41,000 in fraudulent expenses while he was temporarily posted at FBI headquarters, the AP reported.

According to a criminal information filed last month, Shim claimed to be renting a room in Beltsville, Md., while on temporary assignment in Washington, when in fact he was living in a home in Olney, Md., that he and his wife owned.

He submitted phony rental agreements to get reimbursements of more than $41,000 in rent that he never paid.

He has resigned, the AP reported. Sentencing is set for Feb. 5.

Read Criminal Information

FBI, IRS Try to Tackle $60 Billion a Year Healthcare Fraud

Big-Time N.Y. Lawyer Marc Dreier Gets 20 Years For Massive Fraud: Prosecution Asked for 145 Years

Well, Dreier’s attorney thought he should only get 10 to 12.5 years in prison. He got more. Then again, the prosecution wanted him to get a Madoff-like sentence of 145 years. Either way, here’s another guy who lived the good life and is now off to live a very bad life.

gavel22

By The Associated Press
A once-prominent Manhattan attorney was sentenced Monday to 20 years in prison for a hatching a massive fraud in a desperate attempt to keep his law firm afloat and bankroll a lavish lifestyle.

Marc Dreier, 59, had pleaded guilty to a $400 million scheme that, though dwarfed by Bernard Madoff’s multibillion dollar swindle, was so outlandish prosecutors labeled him “the Houdini of impersonation and false documents.”

“I’m sorry — deeply sorry — for the harm and sadness I’ve caused to so many people,” Dreier said before hearing the sentence. He was later led out of court in handcuffs.

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