fraud charges News

Indicted Maine Ex-Official Received Workers Comp

A former Maine official facing federal extortion, tax evasion and fraud charges has reportedly received federal workers compensation payments of $50,000 a year. Carole Swan has pleaded not guilty to charges she use her official position to extort $20,000 from …

Man Allegedly Scammed 2 Indiana Tornado Victims

A home-improvement contractor faces fraud and theft charges for allegedly scamming two victims of the March tornado that devastated the Henryville area. Fifty-year-old Karl Wray pleaded not guilty Friday to home-improvement fraud and theft charges stemming from work he allegedly …

Judge Acquits 4 in Florida Insurance Fraud Case

A federal judge has acquitted four former insurance company executives on charges of defrauding $20 million from the Florida Hurricane Catastrophe Fund. A court clerk on Thursday confirmed that U.S. District Judge Robert Hinkle ordered the verdict Tuesday night in …

Bank of America Loses Bid to Dismiss Fraud Claims

Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank’s 2008 acquisition of Merrill Lynch & Co. U.S. District Court Judge P. Kevin Castel ruled that …