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Founder Of LGBTQ+ Non-Profit In DC Pleads Guilty To Fraud After 'Unexpected Return' To US: Feds
The trailblazing founder of Casa Ruby, a DC-based non-profit that had provided services to the LGBTQ+ community admitted to stealing at least $150,000 in COVID relief funds and stashing it in Central America for her personal use, authorities announced
Ruby Corado, 53, pleaded guilty on Wednesday in US District Court to diverting the taxpayer-backed emergency funds to private off-shore bank accounts, which then was used for her own gain.
She was charged in March with bank fraud, wire fraud, laundering of monetary instruments, monetary transactions in criminally derived proceeds, and fai…
Former Social Media Influencer In MD Gets Prison Time For $1.2M COVID Scheme
A former social media influencer from Maryland is heading to federal prison for his role in a $1.2 million COVID scheme involving wire fraud and money laundering.
Denish Sahadevan, aka “Danny Devan,” 32, of Potomac, Maryland, was sentenced on Tuesday, Jan. 9 to three years in federal prison, followed by three years of supervised release, for wire fraud, aggravated identity theft and money laundering, authorities said.
‘Danny Devan’ gained a TikTok following for his financial advice regarding stocks and cryptocurrency:
@.dannydevvan
♬ original sound - Stocks • Crypto • Money
The …
Father-Son Scammers In Maryland Sentenced For Laundering Millions Through Drugs, Bitcoin: Feds
A 72-year-old Maryland father and his 38-year-old son have been sentenced for a money laundering conspiracy involving Bitcoins and Xanax, federal authorities announced.
Joseph Farace, 72, of Sparks, Maryland, received a 19-month federal prison sentence that will be followed by two years of supervised release.
His son, Ryan Farace, of Reisterstown, a previously convicted felon, got a 54-month sentence, US Attorney for the District of Maryland Erek L. Barron said in a joint release.
Ryan Farace was first convicted for a scheme to manufacture and sell Xanax in exchange for Bitcoin throu…
CEO Admits To Laundering $3.5M In Pot Profits From DC Delivery Service
A weed dealer in Washington, DC has admitted to laundering millions of dollars he generated through the illegal sale of marijuana and THC products, according to federal officials.
Connor Pennington, 39, pleaded guilty this week to conspiracy to commit money laundering while he was the CEO of a marijuana delivery service in the region.
Authorities say that Pennington was the CEO of JointVentures LLC, which operated under the name “Joint Delivery,” a delivery service of pot products, including THC vape cartridges, wax, and edibles, though it was never licensed as a dispensary in DC or any oth…
Feds Charge MD Man In $246,390 401(k) Theft From NJ Employee
A Maryland man conspired with others to steal $246,390 from a New Jersey worker’s 401(k), federal authorities charged.
Oladapo Sunday Ogunbiyi, 40, of Greenbelt, and others secretly tapped into the fund, added a bank account belonging to someone else and began steering money into it, an indictment returned by a grand jury in U.S. District Court alleges.
“Ogunbiyi and others directed that the fraud proceeds be converted into cashier’s checks, which were provided to Ogunbiyi,” U.S. Attorney Philip R. Sellinger said.
“He then deposited the cashier’s checks into bank accounts under his control…
Cyber-Footsie Scammers From NJ, MD, VA Swindle $7 Million From Mostly Elderly Victims, Feds Say
Mostly elderly victims across the United States were conned out of a whopping $7 million by a quartet of romance scammers from New Jersey, Maryland and Virginia – all of whom were arrested by the FBI, authorities said.
The victims sent the money to the imposters thinking that they were helping out love interests, U.S. Attorney Philip R. Sellinger said.
They lost a lot.
Arrested this past week, Sellinger said, were:
Nana Yaw Marfo, 37, of Virginia, who was accused of receiving at least $4.7 million;
Chevon Braxton, 42, of Maryland, who was accused of collecting at least $1.3 million;
Will…
Feds: NJ Steel Drum Company Owner Admits Conning MD Manufacturer Out Of $20M
The owner of a New Jersey-based steel drum wholesaler admitted he conned a Maryland-based manufacturer out of nearly $20 million, federal authorities said.
Anthony P. Urcioli, Sr., 78, of Park Ridge, conspired with an employee of a New York company to produce bogus invoices for more drums than his Tunnel, Barrel & Drum Co, Inc. had delivered to the company's facility in Harford County, MD, U.S. Attorney for Maryland Erek L. Barron said.
Urcioli, who's TBD's owner and president, split the excess funds he received with the employee -- who, in turn, gave 25% to a co-worker, Barron said.
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