Ex-Banker, Presumed Dead, Pleads Guilty to Multiple Bank Fraud Charges A former banker from Georgia, who disappeared for two years and was declared dead before being discovered, pleaded guilty to 17 counts of bank fraud, securities fraud, and wire fraud, on Thursday, June 5th. Price was indicted by the Southern District of Georgia and the Eastern District of New York after he successfully defraud dozens of investors and a bank. Now that he has pleaded guilty to the federal charges, Price faces up to 30 years in prison, plus millions of … [Read more...]
Former Charlotte Mayor Pleads Guilty to Wire Fraud
June 5, 2014 by Leave a Comment
Former Mayor of Charlotte, NC Pleads Guilty to One Charge of Wire Fraud After a meteoric and much-applauded rise to power and fame, and a short 6 month stint in the mayor’s office, former Charlotte, NC Mayor Patrick Cannon has pleaded guilty to one federal charge of wire fraud. His single guilty plea in federal court was to one count of honest services wire fraud, which carries a potential sentence of 20 years in prison and a fine of $250,000. Cannon was arrested in March on federal charges for wire fraud, bribery, and extortion. An FBI … [Read more...]
Federal Theft Charges Against School Leader
May 14, 2014 by Leave a Comment
Head of Defunct School Charged with Federal Theft of Government Property The former director of a controversial charter school in the Midlands now faces federal theft charges over government property, according to the US Attorney’s Office. Benita Dinkins-Robinson has been charged with two counts of theft of government property while she ran the Mary L. Dinkins Higher Learning Academy, in Sumter and Beaufort. Allegedly, Dinkins-Robinson took government grants from the US Department of Agriculture and the US Department of Education and used … [Read more...]
“Real Housewives of Atlanta” Husband Pleads Guilty to Federal Charges
May 14, 2014 by Leave a Comment
Husband of “Real Housewives of Atlanta” Star Pleads Guilty Federal Charges Including Bank and Wire Fraud Apollo Nida, husband of “Real Housewives of Atlanta” star Phaedra Parks, has pleaded guilty to several federal charges, including bank, wire, and mail fraud. On Tuesday, May 6th, the 35-year-old pleaded guilty to federal charges after dodging questions about his indictment for a year. Last year, the US Attorney General’s Office alleged that Nida and several co-conspirators were part of a huge identity theft ring, cashing stolen US … [Read more...]
Supreme Court Clarifies Mortgage Fraud Restitution
May 12, 2014 by Leave a Comment
Supreme Court Sets Down Rules for Mortgage Fraud Calculations and Restitution On Monday, May 5th, the Supreme Court clarified rules for how restitution is calculated in mortgage fraud cases. In a unanimous decision, the justices agreed that restitution to a bank that has been defrauded must be calculated on the value of the property when the property is sold, not the value of the property when it has been foreclosed upon. The decision centers on a case of a fraudulent loan application for two houses in WIsconsin, for $470,000, filed by … [Read more...]
Two Face Federal Charges in $17 Million Drug Scam
May 12, 2014 by Leave a Comment
Two Men Indicted on Federal Charges for $17 Million Drug Scam The two operators of a drug supply company in Great Neck, New York, were arrested on federal charges on Wednesday, April 30th, for their roles in a multimillion dollar medical device and drug scam. William Scully, 45, and Rodi Lameh, 40, were charged for selling more than $17 million worth of misbranded or counterfeit medical devices and drugs, including fake cancer drugs and birth control. Both men pleaded not guilty to the federal charges stemming from the 73-count … [Read more...]
Two Convicted on Federal Mortgage Fraud Charges
April 29, 2014 by Leave a Comment
Former Countrywide Loan Officer and Former Corrections Officer Convicted on Mortgage Fraud Charges On Friday, April 18th, two men were convicted for their roles in an extensive mortgage fraud scheme that included the fraudulent purchase of over 40 properties in New Haven, Connecticut. Andrew Constantinou, of Unionville, Connecticut, and Jacques Kelly, of Poughkeepsie, New York, were convicted on all federal charges after a three-week trial, including conspiracy to commit mail, wire, and bank fraud. The jury also found Kelly guilty of one … [Read more...]
Leland Yee Pleads Not Guilty to Wire Fraud Charges
April 18, 2014 by Leave a Comment
Former California State Senator Leland Yee Pleads Not Guilty to Wire Fraud Charges Former California State Senator Leland Yee was arrested on federal corruption charges on March 26th after a 5-year investigation into his campaign financing, which led to charges of wire fraud, bribery, public corruption, and arms trafficking. On Tuesday, April 8th, Yee appeared in federal court in San Francisco and finally pleaded not guilty to the charges. His plea had been expected for over a week, although he appeared in court for a previous arraignment … [Read more...]
“Real Housewives” Couple Pleads Guilty to Mail Fraud, Other Charges
March 7, 2014 by Leave a Comment
Couple from “Real Housewives of New Jersey” Pleads Guilty Mail Fraud, Tax Fraud Husband and wife Teresa and Giuseppe "Joe" Giudice, cast members from “The Real Housewives of New Jersey,” pleaded guilty in federal court on Tuesday, March 4th, to charges including bankruptcy fraud and mail fraud. Teresa faces up to 27 months in prison, while her husband Joe faces up to 46 months in prison, for the federal charges. Last year, the couple pleaded not guilty to a laundry list of federal charges including bank fraud, wire fraud, and bankruptcy … [Read more...]
Former Missouri Mayor Pleads Guilty to Wire Fraud
February 19, 2014 by Leave a Comment
Former Missouri Mayor Pleads Guilty to Wire Fraud Charges The former mayor of Grandview, Missouri has pleaded guilty to federal wire fraud charges. On Tuesday, February 11th, Stephen Dennis pleaded guilty to wire fraud in Kansas City federal court. He admitted to defrauding the International House of Prayer of $35,000. His admission means that he faces up to 20 years in prison, although he could face as little as a year and a day thanks to a plea agreement, which has not yet been settled. Dennis reportedly ran a company, Matters of … [Read more...]
