Fraud News

Attorney: Contractor Got $454K For ‘Pile Of Dirt’ at Church

STARKVILLE, Miss. — A judge has ruled that a Mississippi contractor will have to pay restitution after accepting more than $450,000 to build a church sanctuary but doing little work. Donald Crowther is owner of TCM Construction of Long Beach. …

Michigan Widow Lost $30,000 to Scammers After Burying Husband

DETROIT — They beat her when she was down. At 57, Christina Ihlenfeldt is reeling with heartache, anger and regret _ gut-wrenching regret. In just one week, she buried her husband, became unemployed and then got taken for $30,000 by …

Insurers Chasing Fewer Tips From Tech, Hoping for Better Return on Investment

Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two years, the Coalition Against Insurance Fraud reported …

Aggrieved Bettor Gets $20,000 in Unique Horse-Doping Lawsuit

NEW YORK — An aggrieved harness-racing bettor received $20,000 in the settlement of a first-of-its-kind lawsuit in which he claimed he was cheated out of his winnings when a doped horse won a race in New Jersey in 2016. After …

Florida Teen Pleads Not Guilty to Masterminding Twitter Hack

A 17-year-old Florida boy accused of masterminding the hacking of celebrity accounts on Twitter Inc, including those of Democratic presidential candidate Joe Biden and Tesla Chief Executive Elon Musk, pleaded not guilty to charges on Tuesday. Graham Clark told Circuit …

Wirecard Exposes Big 4 Accounting Lapses Endure Post-Enron

Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve. The 1.9 billion euros ($2.1 billion) missing …

Virus Unleashes Wave of Fraud in US Amid Fear and Scarcity

WASHINGTON — A 39-year-old former investment manager in Georgia was already facing federal charges that he robbed hundreds of retirees of their savings through a Ponzi scheme when the rapid spread of COVID-19 presented an opportunity. Christopher A. Parris started …

Coronavirus-Related Crimes Capitalize on Global Fear, Panic

WASHINGTON — Thieves steal surgical masks. A clinic sells fake COVID-19 tests. Hate groups encourage sick members to infect law enforcement officers. Imposters pose as public health officials. Con artists peddle fake cures and financial scams. As the coronavirus pandemic …

Toys ‘R’ Us Creditors Sue Directors and Private-Equity Owners

Toys “R” Us Inc. creditors filed a lawsuit accusing the defunct retailer’s executives and private-equity owners of fraud and breach of fiduciary trust. Former Chief Executive Officer David Brandon and other directors misrepresented the toyseller’s ability to repay creditors after …

Former Sequoia Partner Wins Extortion Suit Against Ex-Mistress

A salacious three-year legal battle involving a former partner at Sequoia Capital, a onetime exotic dancer and a promised $40 million hush money payment has come to an end. A California Superior Court judge ruled in favor of venture capitalist …