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Fraud Scheme

Police & Fire
Ex-VP Who Stole $1.4M From Farmington Insurance Firm Sentenced to Prison: Feds Ex-VP Who Stole $1.4M From Farmington Insurance Firm Sentenced to Prison: Feds
Ex-VP Who Stole $1.4M From Farmington Insurance Firm Sentenced to Prison: Feds A Pennsylvania man who exploited his role at a Connecticut insurance company to steal more than $1.4 million is heading to federal prison, authorities said.  James Keating, 52, of Paoli, Pennsylvania, was sentenced to 20 months behind bars, followed by three years of supervised release, for defrauding Allied World Insurance Company out of more than a million dollars. U.S. District Judge Victor A. Bolden also ordered him to pay back over $1.2 million in restitution. Prosecutors said Keating used his position as a surety bond claims handler at Allied World, which operates out of Farmingt…

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by Josh Lanier
News
$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds $1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds
$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors. Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud. Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud. The verdict came after an eight-week trial. When sentenced on Thursd…

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by Joe Lombardi