A 28 year-old Boston man has plead guilty in a Boston court today after stealing sensitive information from millions of people in Massachusetts and New York. Albert Gonzalez was able to get debt and credit card info from large retail chains such as TJX Cos Inc, parent of T.J. Maxx and Marshalls. Gonzalez could be facing up to 25 years in jail. Read the rest of the article.
SPOKANE, Wash. (AP) — A former Idaho sheriff’s deputy who falsely claimed he was paraplegic has pleaded guilty in a $1.5 million disability fraud case that a U.S. attorney said is the largest in Veterans Affairs Department history.
James M. Sebero accepted an agreement with prosecutors and pleaded guilty Monday to charges of wire fraud and making a false statement.
Sebero, a former Bonner County, Idaho, sheriff’s marine deputy, agreed to forfeit personal assets and to pay $950,000 in restitution, and could face 20 years and a $250,000 fine when he is sentenced July 10.
U.S. Attorney James A. McDevitt said it was the largest disability compensation fraud case in VA history.
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April 8 (Bloomberg) — India’s Central Bureau of Investigation filed charges against Satyam Computer Services Ltd.’s disgraced founder Ramalinga Raju for his role in the country’s biggest corporate accounting fraud case.
The charges include criminal conspiracy and falsification of accounts, and carry a maximum penalty of life in prison, CBI Deputy Inspector General V.V. Lakshmi Narayana said by phone yesterday. Raju’s brother and former managing director, Rama Raju, and two partners at PricewaterhouseCoopers LLP’s Indian affiliate were among nine people charged in the case, he said.
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NEWARK, N.J. - A New Jersey man has pleaded guilty in a mortgage fraud and property-flipping scheme involving rental properties in Paterson.
At his plea hearing Tuesday in federal court in Newark, 47-year-old Renford Davis of Paterson admitted conspiring with several co-defendants by recruiting borrowers to purchase two- and three-family homes in Paterson and providing false verifications to help them qualify for mortgage loans.
Prosecutors say Davis and others received substantial portions of the fraudulent loan proceeds after the closings.
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NEW YORK (AP) — Prosecutors have unveiled a beefed up indictment against a New York lawyer suspected of bilking hedge funds out of about $700 million.
The indictment released Tuesday in federal court in Manhattan accuses Marc Dreier with money laundering, among other charges. Dreier was already charged with conspiracy to commit securities and wire fraud, securities fraud and wire fraud.
Until December, he had led a law firm with 250 attorneys and celebrity clients. He was arrested after hedge funds complained he was stealing from them.
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Bernard Madoff’s lawyers have appealed his jailing, saying he should be released until sentencing because he never fled, even knowing he could expect to die in prison. Madoff’s lawyers filed papers with a federal appeals court Friday.
The disgraced money manager pleaded guilty Thursday to 11 felony counts, including securities fraud, in what may be the biggest fraud in Wall Street history. His $10 million bail was immediately revoked.
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