On June 22, federal authorities announced that 60 licensed medical providers allegedly created false billings that cost Medicare and Medicaid $900 million. Of those medical providers, 30 were doctors, and the overall scope of the fraud included 300 people in more than 25 states. The...
Authorities in New York have charged a 39-year-old investment manager with fraud. He is accused of trying to defraud investors of $95 million between July 2015 and March 2016. The man allegedly requested money from investors to support non-existent investments. The director of the Securities...
Human resources professionals in New York and around the country know that the amount of phishing emails they receive is likely to go up during February and March. This is the period when most employees file their taxes, and HR departments must often contend with...
According to the New York City Police Commissioner, white-collar crime seems to be increasing in the city as more street gangs are finding this type of crime lucrative. The crimes that are committed across the nation appear to be fraud and identity theft, among other...
New York racing fans may be interested in learning that Scott Tucker, a race car driver who competes on both European and U.S. circuits, was recently indicted for allegedly running a $2 billion fraudulent payday loan operation online. The indictment against Mr. Tucker was filed...
According to New York court documents, a business partner of a man who died leaving an $86 million estate allegedly embezzled $4 million from the estate while serving as a co-executor. The man is contesting that he embezzled the money and instead said he was...
According to court documents, one of the former owners of the New York Islanders recently had his assessed 10-year sentence vacated by the U.S. Court of Appeals for the 2nd Circuit in Manhattan. Reportedly, the appellate court found that the record made by the sentencing...
Prosecutors in New York have said that two men who worked at a Chase bank branch in Brooklyn stole in excess of $400,000 over a two-year period from account holders. The men are said to have carefully selected inactive accounts that had high balances and...
Prosecutors say that two New York bank employees stole more than $300,000 from the accounts of elderly or deceased individuals. The men worked as personal banking representatives at a JP Morgan Chase branch in Brooklyn's Bedford-Stuyvesant neighborhood where they are said to have targeted dormant...
A trader who allegedly lied to investors about the prices of mortgage bonds has had some of his convictions overturned. The 3-0 decision was handed down by the U.S. Court of Appeals for the 2nd Circuit in New York on Dec. 8.
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