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Bank Fraud

NEWS
February 7, 2013 | BY FRANK KUMMER, Philly.com
A PHILADELPHIA woman was among 13 people arrested Tuesday in what federal authorities call "one of the largest" credit-card-fraud schemes ever. Vernina Adams, 31, was pivotal to the fraud by supplying the ring of scammers with fake, pumped-up credit histories through her business, One Stop Credit Shop, the U.S. Attorney's Office said. Collectively, the ring of co-conspirators from New York, New Jersey and Pennsylvania allegedly stole at least $200 million through a network of fake companies, according to authorities.
NEWS
December 11, 2012
A prominent Main Line developer pleaded guilty Monday to defrauding two banks to get $13 million, prosecutors said. Michael Pouls, 50, pleaded guilty to wire and bank fraud and false statements in a hearing before U.S. District Judge Paul Diamond, according to the office of U.S. Attorney Zane David Memeger. Pouls, whose opulent Gladwyne estate was once featured on MTV's Teen Cribs , had only $3,000 in accounts when he lied and created false statements in 2007 suggesting he had $28 million in a bid to get the loans from National Penn Bank and the former Wilmington Trust Bank.
NEWS
December 11, 2012
A Main Line developer pleaded guilty Monday to defrauding two banks to get $13 million, prosecutors said. Michael Pouls, 50, pleaded guilty to wire and bank fraud and false statements in a hearing before U.S. District Judge Paul Diamond, according to the office of U.S. Attorney Zane David Memeger. Pouls had only $3,000 in bank accounts in 2007 when he created false statements suggesting he had $28 million. At the time, Pouls was seeking loans from National Penn Bank and Wilmington Trust Co. Diamond set his sentencing for March 11. - John P. Martin
NEWS
October 20, 2012 | By Sam Wood and Bonnie L. Cook, Inquirer Staff Writers
A prominent Main Line developer was charged yesterday by the federal government in a fraud scheme in which he allegedly induced several local banks to lend him more than $13.3 million. Michael Pouls, 50, devised a scheme in May 2007 to obtain bank loans from National Penn Bank and the former Wilmington Trust Bank, federal prosecutors said. They said he faked statements showing he had $28.5 million in TD Ameritrade accounts to use as collateral for the loans while in reality he had $3,000.
NEWS
October 7, 2012
Maker of deadly film set for court LOS ANGELES - A federal judge in Los Angeles will decide this week whether the man behind an anti-Islamic film that sparked violence in the Muslim world should be sent back to prison for violating his probation. Mark Basseley Youseff, 55, is expected in court Wednesday. He was convicted in 2010 of bank fraud. Prosecutors say Youseff had eight violations. Federal authorities say he was behind the film Innocence of Muslims , which led to the deaths of dozens, including U.S. Ambassador to Libya J. Christopher Stevens.
NEWS
August 27, 2012
WHAT WILL make news in Philadelphia this week: CITY COURTS Sentencing day Jonathan Lowe, a retired Marine with a bad heart - and a pacemaker to prove it - claims he fatally stabbed Loren Manning in self-defense Oct. 1, 2011. Lowe, 57, said that while walking with take-home food from a neighborhood fish fry, Manning, 51, and at least two other men jumped him at Cecil B. Moore Avenue and Bouvier Street. Two Temple University students testified at Lowe's nonjury trial in May that they saw Manning chasing Lowe with a metal pole.
NEWS
August 4, 2012 | Breaking News Desk
A bank teller from Willingboro has been indicted on federal charges of taking part in a fraud scheme that relied on stealing the identities of her former employer's customers. Patricia Lightsey, 27, and James Hull, 49, of Troy, N.Y., netted $170,820 from the plot, according to the indictment. A federal grand jury alleged that Lightsey, while a teller for TD Bank, sold to an unidentified person the identifying information, including dates of birth, driver's license numbers, social security numbers, and bank account numbers of bank customers between July and October 2011.
NEWS
July 31, 2012 | By Nasser Karimi, Associated Press
TEHRAN, Iran - An Iranian court has sentenced four people to death and given two more life sentences on charges linked to a $2.6 billion bank fraud described as the biggest financial scam in the country's history, an official said Monday. The trial, which began in February, involved some of the country's largest financial institutions and raised uncomfortable questions about corruption at senior levels in Iran's tightly controlled economy. But few specific details have been released, possibly to avoid exposing too much internal scandal while Iran's leaders seek to assure the country it can ride out tightening sanctions over Tehran's nuclear program.
NEWS
July 14, 2012 | By Martha Woodall, INQUIRER STAFF WRITER
A former board president and founder of a Northwest Philadelphia charter school was sentenced in federal court today to 2 years in prison for stealing $522,000 in taxpayer money to prop up a restaurant, a health-food store, and a private school he controlled, and for other business and personal expenses. In April, shortly before he was scheduled to go to trial, Hugh C. Clark, pleaded guilty to all 28 criminal counts related to his role in a scheme to drain funds from the New Media Technology Charter School.
NEWS
June 9, 2012 | By Mari A. Schaefer and INQUIRER STAFF WRITER
The owners and managers of the Nifty Fifty's restaurant chain pleaded guilty in federal court to tax evasion and skimming cash from the business. Co-owner Robert Mattei, 73, of Delray Beach, Fla., pleaded guilty to conspiracy, tax evasion, and bank fraud, and faces up to 40 years in prison and a $1.5 million fine. Co-owner Leo McGlynn, 52, of Swarthmore, and Joseph Donnelly, 49, of Springfield, Delaware County, a head manager, pleaded to conspiracy, tax evasion, and bank fraud and aggravated structuring of financial transactions.
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