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Fraud

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$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

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by Joe Lombardi
Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

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by Chris Spiker
Business
Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info
Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info The Federal Trade Commission (FTC) is sounding the alarm on a sophisticated new imposter scheme designed to steal your money and personal information.  These scams are becoming increasingly convincing, but learning to spot the red flags can help you stay protected. How the Scam Works Initial Contact: Scammers pose as representatives from well-known companies, such as Amazon or a tech support service. They’ll claim there’s a routine issue, like suspicious charges on your account, a computer virus, or an account breach. Escalation: The scammers lie, saying your name is tied to serious …

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by Joe Lombardi
Politics
Trump Taps Dr. Oz To Lead Medicare, Medicaid Services Trump Taps Dr. Oz To Lead Medicare, Medicaid Services
Trump Taps Dr. Oz To Lead Medicare, Medicaid Services President-elect Donald J. Trump has nominated Dr. Mehmet Oz to head the Centers for Medicare and Medicaid Services (CMS), citing the Pennsylvania-educated heart surgeon’s decades-long dedication to healthcare innovation and public advocacy. The announcement came Tuesday, Nov. 19, as Trump highlighted Oz’s qualifications and ties to the Keystone State. Dr. Oz earned both his medical degree and MBA from the University of Pennsylvania’s School of Medicine and Wharton Business School, making him an Ivy League-trained physician and business leader. Trump lauded his achievements in a statement, ca…

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by Jillian Pikora
Politics
Ousted Rep. George Santos Likely To Face Prison After Pleading Guilty In Fraud Case Ousted Rep. George Santos Likely To Face Prison After Pleading Guilty In Fraud Case
Ousted Rep. George Santos Likely To Face Prison After Pleading Guilty In Fraud Case Former Republican Congressman George Santos admitted to committing wire fraud and aggravated identity theft in a federal court on Monday, Aug. 19, authorities announced.  The 36-year-old former inhabitant of New York's 3rd Congressional District seat on Long Island was facing 23 felonies, and a trial set to begin next month.  A federal judge will sentence Santos on Friday, Feb. 7, 2025, the US Attorney for the Eastern District of New York said. According to federal sentencing guidelines, aggravated identity theft carries a mandatory two-year minimum sentence.&n…

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by Josh Lanier
Police & Fire
Ex-Mass State Senator Accused Of Fraud Now Charged With Lying About 'Sham Job Offer': Feds Ex-Mass State Senator Accused Of Fraud Now Charged With Lying About 'Sham Job Offer': Feds
Ex-Mass State Senator Accused Of Fraud Now Charged With Lying About 'Sham Job Offer': Feds A former state senator already facing 28 counts of fraud and tax evasion is now accused of lying about a fake job offer at his sister's company, federal authorities said.  Dean Tran, 48, of Fitchburg, was indicted on one count of obstruction of justice and one count of making a false statement. Tran's sister, Tuyet T. Martin, 54, of Pelham, New Hampshire, was indicted on two counts of obstruction of justice and one count of perjury, the US Attorney for Massachusetts said.  Related: Ex-State Senator Charged With Illegally Collecting $30K In Unemployment Benefits “The charges …

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by Josh Lanier