Posts Tagged ‘Fraud Friday’
Fraud Friday — CBS Credit Union Manager Indicted for Embezzlement
April 5, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — CBS Credit Union Manager Indicted for Embezzlement After looting more than $40 million over 20 years, the former manager of the CBS Employees Federal Credit Union has been arrested and charged with embezzlement. Edward Rostohar faces felony counts of bank fraud…
Read MoreFraud Friday — “They Got Us,” Feds Allege Kerri Agee Says in Email to Employees to Support $10 Million Loan Fraud Indictments
March 29, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — “They Got Us,” Feds Allege Kerri Agee Says in Email to Employees to Support $10 Million Loan Fraud Indictments A key takeaway in the banc-serv indictments is never assume anything in your email is confidential. Always assume the party you are criticizing, or…
Read MoreFraud Friday — Credit Union VP Busted for Fraud
March 22, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Credit Union VP Busted for Fraud A former credit union vice president from Vancleave, Mississippi, pled guilty to theft from a credit union in U.S. District Court in Gulfport. Merideth Christina McMillan, 46, was accused of stealing more than $350,000 from…
Read MoreFraud Friday — Missouri Rancher Indicted in Million Dollar Ponzi Scheme
March 15, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Missouri Rancher Indicted in Million Dollar Ponzi Scheme A self-proclaimed cattle buyer from Clinton, Missouri has been sentenced to eight years in federal prison and ordered to pay more than $3.2 million in restitution for his part in hatching a cattle-buying…
Read MoreFraud Friday — Bank Officer Sentenced for Embezzlement
March 1, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Bank Officer Sentenced for Embezzlement A former Mississippi bank officer has been sentenced to two years in federal prison for embezzling funds from a bank where he worked after the bank received $34 million in government assistance from the United States…
Read MoreFraud Friday – East Haven School Board Chairman Indicted for $1.5 Million Fraud
February 22, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – East Haven School Board Chairman Indicted for $1.5 Million Fraud East Haven, Connecticut former mayoral candidate and school board chairman, John T. Finkle III, has been charged with defrauding an Illinois company of more than $1.5 million. Finkle was arraigned Feb.…
Read MoreFraud Friday – $100M Florida Fraud Leads to Bank Failure
February 15, 2019 By Dominic Bartolone Contributing Editor, Fraud Friday Fraud Friday – $100M Florida Fraud Leads to Bank Failure An eccentric businessman who hobnobbed with Miami’s elite is headed to federal prison after being found guilty of fraud on a financial institution. Jack Kachkar, 55, former CEO of Inyx, a specialty pharmaceutical company in…
Read MoreFraud Friday — Banker Who Wore Wire Against Colleagues Gets 21 Months in Prison
February 1, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Banker Who Wore Wire Against Colleagues Gets 21 Months in Prison From the Philadelphia Tribune: A former Wilmington Trust loan officer who wore a wire for the FBI and was the government’s key cooperating witness against colleagues was sentenced to 21 months in…
Read MoreFraud Friday — Borrower Continues FInancial Fraud while on Bond, Jailed
July 20, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Borrower Continues FInancial Fraud while on Bond, Jailed Life got harder for Wisconsin businessman Ron Van Den Heuvel after a judge ordered him jailed following allegations that he continued to commit crimes while free on bond. Van Den Heuvel was convicted and sentenced…
Read MoreFraud Friday — Two Borrowers Jailed for Loan Fraud, Lying to SBA
April 20, 2018 Fraud Friday — Two Borrowers Jailed for Loan Fraud, Lying to SBA By Bob Coleman Editor, Fraud Friday On Tuesday, Harold Halman, II, 58 got 36 months. Alexander Schaap, 62, got 30 months. Craighton Boates, 44, received five years’ probation. The three were principals of Global Medical Equipment of Arizona. They defrauded…
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