Uttar Pradesh cops told to probe Amar Singh fraud caseOctober 26th, 2009 LUCKNOW - Within hours of Samajwadi Party (SP) general secretary Amar Singh Monday daring Uttar Pradesh Chief Minister Mayawati to proceed against him for alleged financial fraud, the state police have been asked to investigate the case, officials said. A lawyer has filed a case against Singh in the state's Kanpur city, charging him with a Rs.500 crore scam in the amalgamation of his companies.
Federal authorities in NY announce mortgage fraud charges against 41 peopleOctober 15th, 2009 41 people charged in mortgage fraud in NYNEW YORK — Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars across New York state. The U.S. attorney's office in Manhattan scheduled a news conference Thursday to reveal details of the case.
Uttar Pradesh pension scam whistleblower suspendedAugust 23rd, 2009 LUCKNOW - An Uttar Pradesh government official, who had blown the lid off
an old age pension withdrawal scam, was suspended on the recommendation of a police investigation team probing the fraud. Social welfare officer of Sitapur town Y.K.Rai had lodged the first information report (FIR) in the Kotwali police station against as many as 5,055 people, including government officials, village heads and those withdrawing pension on the basis of forged documents.
Pension scam in Uttar Pradesh grows biggerAugust 19th, 2009 LUCKNOW - A scam in the withdrawal of old age pension that was unearthed last week in Uttar Pradesh has opened a pandora's box, with the fraud expected to touch Rs.120 million as investigations dig deeper. A fraud of Rs.9.1 million in an old age pension fund scheme of the central government was first detected in Sitapur district Aug 14, but the figure has already touched Rs.18 million within a week.
Tennessee financial adviser sentenced to 10 years in 1st TARP bank bailout fraud caseAugust 7th, 2009 Tenn. man sentenced in bank bailout fraud caseNASHVILLE, Tenn. — The first person to be charged with fraud under the federal bank bailout has been sentenced to 10 years in prison.
Feds charge 41 in Fla. mortgage fraud schemes involving $40 million in 6 different casesJuly 28th, 2009 Feds charge 41 in Fla. mortgage fraud schemesMIAMI — Federal prosecutors say 41 people have been charged in the latest round of South Florida mortgage fraud schemes.
Judge chides former NJ senator for giving up his impartiality, sentences him to 4 yearsJuly 24th, 2009 Ex-NJ state senator gets 4 years for corruptionTRENTON, N.J. — A former New Jersey state senator convicted of bribery and pension fraud has been sentenced to four years in federal prison.
Guilty plea entered by former compliance officer at Connecticut firmJuly 22nd, 2009 Ex-compliance officer pleads guiltyNEW YORK — The former chief compliance officer at a Greenwich, Conn.-based securities company has pleaded guilty to conspiracy to commit securities fraud and wire fraud. The plea was entered Tuesday by Deborah Duffy.
Ex-compliance boss at Conn. securities firm pleads guilty to conspiracy to commit $131M fraudJuly 21st, 2009 Ex-compliance officer at Conn. firm pleads guiltyNEW YORK — The former chief compliance officer at a Connecticut securities company has pleaded guilty to conspiracy to commit securities fraud and wire fraud.
Feds: Fugitive in NY securities fraud case capturedJuly 15th, 2009 Feds: Fugitive NY broker caughtNEW YORK — Federal authorities say they have captured a former Wall Street broker who became a fugitive after being charged in a securities fraud case. Julian Tzolov (Zoh-LOHV') had been the subject of an international manhunt since he disappeared shortly before a trial scheduled in Brooklyn in June.
Federal authorities say 6 peoploe have been arrested in Wall Street securities fraud caseJuly 8th, 2009 6 arrests in Wall Street fraud caseNEW YORK — Federal authorities say six people have been arrested in a securities fraud investigation involving a Wall Street brokerage firm. The case involves an alleged $140 million scheme that spanned a decade.
Federal prosecutors in file criminal fraud conspiracy charges against Beazer HomesJuly 1st, 2009 Criminal charges filed against Beazer HomesATLANTA — Federal prosecutors in North Carolina have filed criminal fraud conspiracy charges against Beazer Homes USA. The Atlanta-based homebuilder has been under scrutiny for certain business and financial practices.
Prosecutors: Tenn. financier who embezzled $11M pleads guilty in first bank bailout fraud caseApril 30th, 2009 Tenn. financier pleads guilty in bank fraud caseNASHVILLE, Tenn. — Prosecutors say a Tennessee financial adviser has pleaded guilty to criminal charges in the first fraud case related to the federal bank bailout program.
Criminal charges added in first bank bailout fraud case; Lawyer says guilty plea plannedApril 22nd, 2009 Criminal charges added in bank bailout fraud caseNASHVILLE, Tenn. — A defense lawyer says a former financial adviser in Tennesee will plead guilty to criminal charges in the first fraud case related to the federal bank bailout program.
Top SEC prosecutor in Stanford fraud case accused of hitting Texas police during arrestApril 22nd, 2009 Texas SEC official accused of hitting policeFORT WORTH, Texas — Police in Fort Worth say a top SEC official prosecuting Texas billionaire R. Allen Stanford's fraud case has been accused of assaulting an officer.
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