Rain Fog/Mist 43°
Tag:

Bank Fraud

News
North Jersey Man Helped Russia Acquire Millions In Military Equipment: Feds North Jersey Man Helped Russia Acquire Millions In Military Equipment: Feds
North Jersey Man Helped Russia Acquire Millions In Military Equipment: Feds A 43-year-old Saddle River man admitted on Friday, Nov. 1 to helping Russia acquire sensitive electronics for its miliary and intelligent services, authorities said. Vadim Yermolenko faces up to 30 years in prison after pleading guilty to conspiracy to violate the Export Control Reform Act, conspiracy to commit bank fraud, and conspiracy to defraud the United States for his role in a transnational procurement and money laundering network that sought to acquire sensitive dual-use electronics for Russian military and intelligence services, U.S. Attorney's Office, Eastern District of New Y…

SHARE

by Sam Barron
News
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…

SHARE

by Sam Barron
Police & Fire
Thieves Snatch Teaneck Residents' Checks From Postal Boxes, Forge Them For $240,218 Thieves Snatch Teaneck Residents' Checks From Postal Boxes, Forge Them For $240,218
Thieves Snatch Teaneck Residents' Checks From Postal Boxes, Forge Them For $240,218 A criminal crew stole checks mailed by Teaneck residents from postal boxes, then changed the amounts to more than 100 times the totals and cashed them, federal authorities said. Noah Aranzamendi, 25, of Brooklyn, and his associates used universal (or "arrow") keys to open the outdoor mailboxes, U.S. Attorney Philip R. Sellinger said. They then shared images via an encrypted message app of the checks, which were then altered, the U.S. attorney said. The four checks, which were initially written out for a total of $1,896.59, ended up fetching a whopping $240,218, he said. The crew sold the …

SHARE

by Jerry DeMarco