CollectionsBank Fraud
IN THE NEWS

Bank Fraud

BUSINESS
August 20, 2003 | By Joseph N. DiStefano INQUIRER STAFF WRITER
Two executives of a Bensalem company that sold "Eyewear for a New Economy" were indicted by a federal grand jury last week, charged with defrauding the former First Union National Bank of $14 million and filing false reports with the Securities and Exchange Commission. Barry M. Budilov, a Lafayette Hill businessman and former chief executive officer of the former Ambassador Eyewear Group Inc., faces one count of bank fraud, six counts of false statements to a bank, two counts of false filings with the SEC, and one count of falsifying company records.
NEWS
January 4, 2001 | By Erin Carroll, INQUIRER SUBURBAN STAFF
A Mount Airy barber pleaded guilty yesterday in Montgomery County Court to participating in a sophisticated bank-fraud scheme that bilked millions from customers' accounts. Antoine Norman, 26, who prosecutors have said was the mastermind of the scam, entered an open guilty plea to a charge of conspiracy to corrupt organizations. According to Assistant District Attorney Laurel Grass, who heads the county's Economic Crimes Unit, Norman admitted that he was the "chief officer in this illegitimate company, and counterfeited checks, handed them out to runners, and received the profits.
BUSINESS
September 6, 1997 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
The former chairman and chief executive of Action Federal Savings Bank in Somers Point, N.J., pleaded guilty to bank fraud yesterday, seven years after the troubled savings and loan was seized by federal regulators. Robert J. DiDomenico, of Springfield, Delaware County, and Ocean City, N.J., faces up to 20 years in prison and a fine of up to $1 million for failing to disclose a secret deal to use $4.2 million in bank loans, made to a friend, to buy property for himself. DiDomenico, 53, was a well-known Jersey Shore developer and had been on Action's board for two years when he was named its full-time chief executive in 1990.
NEWS
July 31, 2015 | By Jeremy Roebuck, Mark Fazlollah, and Chris Brennan, Inquirer Staff Writers
Federal prosecutors on Wednesday accused U.S. Rep. Chaka Fattah of using his campaign coffers, charities he created, and federal grant funds he controlled to bankroll a failed 2007 Philadelphia mayoral bid, and line the pockets of family members and close political allies. The 11-term Democratic congressman, who holds a seat on the powerful Appropriations Committee, was charged in a 29-count racketeering conspiracy indictment that alleges he channeled hundreds of thousands of dollars to pay off an illegal $1 million campaign loan as well as the college debts of son Chaka "Chip" Fattah Jr. In addition, federal authorities said, Fattah, 58, accepted bribes including stacks of cash, payments toward a Poconos vacation home, and college tuition for an au pair from a lobbyist seeking his help to land an ambassadorship with the Obama White House.
NEWS
April 19, 2015 | By Robert Moran, Inquirer Staff Writer
A 34-year-old woman who defrauded women with the ruse of a fictitious hair show to pay for plastic surgery, apartment rent, a car loan, and Walmart shopping sprees was sentenced Friday in federal court in Philadelphia to 15 months in prison. Tamira Fonville of New York, and conspirator Ricardo Falana of Philadelphia deposited fraudulent checks in banks in the Philadelphia area, prosecutors said. Fonville pleaded guilty in September to conspiracy to commit bank fraud and three counts of bank fraud.
NEWS
July 31, 2015 | BY WILLIAM BENDER and DANA DiFILIPPO, Daily News Staff Writers benderw@phillynews.com, 215-854-5255
DID YOU HEAR that noise yesterday morning? That was the sound of the other shoe dropping. Of course, it dropped on Twitter. The first tweets to emerge from an 11 a.m. news conference - Fattah indicted - reverberated from Independence Mall to Washington, D.C. Nearly a year after U.S. Rep. Chaka Fattah, D-Phila., was ominously described as "Elected Official A" in a former aide's plea deal, federal prosecutors gathered on the eighth floor of...
NEWS
July 2, 2010 | By Nathan Gorenstein, Inquirer Staff Writer
The Bucks County woman who authorities say stole more than $700,000 and then fabricated a kidnapping was ordered held without bail Thursday on federal charges. Bonnie Sweeten, 39, last week finished a 10-month prison sentence on state charges related to identity theft in the staged abduction in August. The FBI arrested her last Friday after her release from the Bucks County jail. U.S. Magistrate Judge Linda Caracappa said Sweeten's involving her daughters in two schemes, combined with her flight to Florida when the alleged embezzlements were about to be discovered, argued against letting her free on bail.
NEWS
October 30, 1992 | By George Anastasia and David Johnston, INQUIRER STAFF WRITERS
Former Atlantic City high roller Robert Libutti, banned from the casinos because he used racial slurs and bragged of his ties to mobster John Gotti, was indicted yesterday on bank fraud and income-tax evasion charges. The indictment, announced by U.S. Attorney Michael Chertoff, alleges that Libutti, 62, collected $3.4 million in improperly authorized loans from a North Jersey bank between 1985 and 1987. He was also charged with evading $3 million in income tax and with weapons offenses.
NEWS
December 2, 1992 | By Joseph A. Slobodzian, INQUIRER STAFF WRITER
A Chicago developer and a West Chester demolition contractor pleaded guilty yesterday to burying thousands of bags of cancer-causing asbestos debris on the grounds of a failed Marcus Hook business park. The pleas by Dennis Marchuk and Michael Kelly came just minutes before the opening of their trial before U.S. District Judge Ronald L. Buckwalter. Marchuk entered a plea to violating three federal environmental-quality laws. He was followed a short time later by Kelly, who pleaded guilty to one count of violating the federal Clean Air Act. Buckwalter set March 5 for the sentencing of both men. Marchuk faces a maximum sentence of 16 years in prison and a $1 million fine.
NEWS
April 23, 2005 | By L. Stuart Ditzen INQUIRER STAFF WRITER
Steven A. Schwartz, a self-styled investment adviser with two convictions for bank fraud and check kiting, was convicted a third time yesterday - for bilking investors of an estimated $1 million. Schwartz, 48, of Plymouth Meeting, who represented himself in a three-week trial in U.S. District Court, was convicted by a jury of conspiracy and 16 counts of wire fraud, mail fraud and bank fraud. The jury acquitted him on two other charges. Schwartz was led from the courtroom in handcuffs, ordered by Judge Stewart Dalzell to be held until he is sentenced.
« Prev | 1 | 2 | 3 | 4 | 5
|
|
|
|
|