Sentences with phrase «bank fraud schemes»

Federal prosecutors have called Lee B. Farkas the «mastermind» behind one of the largest bank fraud schemes in history, which even led to a bank's collapse.

Lee B. Farkas, who federal prosecutors have considered the «mastermind» behind one of the largest bank fraud schemes in history, was sentenced on Thursday to 30 years in prison.

Not exact matches

Just this February, federal prosecutors in Connecticut charged two men with bank fraud based on a «jackpotting» scheme.

They disclosed that, the new management of the scheme led by Mustapha Ussif, Gifty Afia Oware - Aboagye and Henry Nana Boakye, had tried to reverse the biometric registration of all students by the NIA, the regular auditing of the NSS payroll and the E-zwich payment system, and replace it with the normal bank payment system, which brought the fraud.

Adapted from the best - selling memoir by Jordan Belfort, the Bronx - born trader whose «pump - and - dump» schemes and penny - stock frauds made him millions - leaving duped investors with busted bank accounts - The Wolf of Wall Street tracks the rise and fall of its merrily debauched antihero, from his brief stint at an old - money brokerage house to his drug - fueled glory days as the CEO of an epic con.

Just last month in the beginning of May, the Student Loan Report ran a story about a «sugar daddy» scheme that targeted «sugar babies» with student debt; the fraud here involved stolen bank account information and empty promises via phony checks.

She has experience in handling investigations and prosecutions brought under a wide variety of federal criminal statutes, including banking fraud, health care fraud, bitcoin schemes, computer crimes, securities fraud, mail and wire fraud schemes, Ponzi schemes, insider trading, government contracting fraud, commercial bribery, Anti-Money-Laundering violations, and conspiracy offenses.

In a 5 - 4 decision, the country's top court found the major pharmaceutical company should not bear the loss resulting from the scheme, as it should fall on the two banks the employee used to carry out the fraud — TD Canada Trust and Bank of Nova Scotia.

In appropriate circumstances the courts in Ontario may grant a Norwich Order for the disclosure of banking or other records to the victim of a fraud, without notice to those perpetrating the fraudulent scheme.

As stated in Judge Chen's decision, a claim of aiding and abetting fraud requires proof that (1) WAMU had actual knowledge of the illegal activity being committed, and also (2) that the bank substantially assisted the scheme.

For the first time LAWPRO is seeing a counterfeit bank draft fraud scheme that targets real estate lawyers on mortgage deals.

In a statement, the Chinese central bank said that ICOs are «essentially a non-approved illegal open financing behavior, suspected of illegal sale Tokens, illegal securities issuance and illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»

The Bank for International Settlements has just called Bitcoin a «bubble» and a «Ponzi scheme,» implying that it's a fraud about to lose value.