Tag: wire fraud

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FBI Shatters NBA Gambling Ring: Chauncey Billups & Terry Rozier Arrested in Historic Mafia Probe

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photo FBI Director Kash Patel

Federal Authorities Uncover Sprawling Criminal Network Linking NBA Figures to Organized Crime

the staff of the Ridgewood blog

Portland OR, The integrity of the NBA has been rocked by a massive federal investigation. In a stunning announcement on Thursday, law enforcement officials confirmed the arrests of over 30 individuals—including Portland Trail Blazers Head Coach Chauncey Billups and Miami Heat Guard Terry Rozier—in connection with two wide-ranging criminal schemes involving illegal gambling and “sports rigging.”

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North Jersey Man Sentenced to 27 Months for Defrauding South Korean Investors in Fake Sugar Trade Scheme

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the staff of the Ridgewood blog

TRENTON, NJ — A 64-year-old Middlesex County man has been sentenced to 27 months in federal prison for operating a fraudulent commodities investment scheme that defrauded South Korean investors out of more than $1 million, according to U.S. Attorney Alina Habba.

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Former CEO Imprisoned For $10.4 Million Securities Fraud Scheme Involving Top Italian Cycling Brands

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the staff of the Ridgewood blog

Denver Co, a former CEO of Outdoor Capital Partners, a fund focused on investing in cycling companies, was sentenced to 71 months in prison for securities fraud on Tuesday. Samuel J. Mancini fraudulently raised nearly $11 million from investors with promises to acquire leading Italian cycling brands, including Cinelli, Columbus, De Rosa, De Marchi Apparel, and Limar Helmets. However, none of the acquisitions materialized, leaving investors without returns on their investments.

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Essex County Man Convicted of Wire Fraud in Connection with Romance Scam

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the staff of the Ridgewood blog

Newark NJ, an Essex County, man was convicted of conspiring to commit wire fraud and wire fraud in connection with an online romance scam, U.S. Attorney Philip R. Sellinger announced today.

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Union County Investment Advisor Admits Stealing Client Money to Fund Gambling Habit

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the staff of the Ridgewood blog

Elizabeth NJ, a former investment advisor who stole over $600,000 from his clients to fund his gambling and personal expenses has pleaded guilty, U.S. Attorney Philip R. Sellinger announced today.

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Jersey City Attorney Charged with Defrauding Clients of more than Two Million Dollars

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the staff of the Ridgewood blog

Jersey City NJ,  a Jersey City attorney was charged with defrauding his clients of more than two million dollars, U.S. Attorney Philip R. Sellinger announced today.

James R. Lisa, 67, is charged by indictment with three counts of wire fraud and four counts of aggravated identity theft. He was arraigned today by videoconference before U.S. Magistrate Judge José R. Almonte, pleaded not guilty and was release on $100,000 unsecured bond.

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Former Democrat Political Staffer Admits Role in Scheme to Defraud Campaigns and Political Action Committees

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the staff of the Ridgewood blog

Elizabeth NJ, a Union County man who previously served as a staff member in the Democrat New Jersey Senate today admitted his role in a conspiracy to falsely inflate the invoices that a political consultant submitted to various campaigns, political action committees, and IRS 501(c)(4) organizations, U.S. Attorney Philip R. Sellinger announced.

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Jersey Shore Man Charged with $1 Million ‘Up-Front’ Fee Scheme

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the staff of the Ridgewood blog

Spring Lake NJ,

A Florida man who previously resided in New Jersey was arrested and charged with defrauding multiple victims out of more than $1 million through an “upfront-fee” scheme, U.S. Attorney Philip R. Sellinger announced today.

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NJ Diving School Owner Sentenced to 27 Months in Prison for Wire Fraud

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the staff of the Ridgewood blog

Haddon Heights NJ, the president and CEO of a commercial diving school was sentenced today to 27 months in prison for fraudulently obtaining funding from the U.S. Department of Education (DOE) and the U.S. Department of Veterans Affairs (VA) for the school and its students, U.S. Attorney Philip R. Sellinger announced.

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“Homeless Man Gives His Last $20” GoFundMe Scam Mastermind Admits Role in Conspiracy to Defraud Internet Donors

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the staff of the Ridgewood blog

Bordentown NJ, a Burlington County, New Jersey, man today admitted his role in a GoFundMe scheme that collected money from donors on the internet, purportedly to benefit a homeless man, Acting U.S. Attorney Rachael A. Honig announced.

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NJ Owner of several internet-based companies that matched art and music teachers with students charged with International Money Laundering

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the staff of the Ridgewood blog

Trenton NJ, A New Jersey man has been arrested for charging unauthorized credit card transactions for music lessons that were not provided to students, and laundering these funds outside of the United States, Acting U.S. Attorney Rachael A. Honig announced.

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Wyckoff Man Charged with Mortgage Fraud, SBA Loan Fraud and Aggravated Identity Theft

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the staff of the Ridgewood blog

Wyckoff NJ,  a Bergen County, New Jersey, man was arrested today on charges of engaging in mortgage fraud, fraudulently obtaining an SBA loan, and stealing another person’s identity information, Acting U.S. Attorney Rachael A. Honig announced.

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Wyckoff Man Admits Stealing Reimbursement Checks From Medical Practice

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the staff of the Ridgewood blog

Wyckoff NJ, a Bergen County,  man today admitted stealing health insurance reimbursement checks from a Hudson County medical practice for over four years, U.S. Attorney Craig Carpenito announced.

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Upper Saddle River Man Admits Stealing Millions Of Dollars From Lenders And Corporations In Fraud Scheme

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the staff of the Ridgewood blog

Upper Saddle River NJ,  a Bergen County,  man today admitted that he defrauded lenders and corporations of $4.9 million by impersonating two bank executives interested in funding syndicated loans for global companies, U.S. Attorney Craig Carpenito announced.

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Glen Rock Medical Services Company Scammed in $100,000 wire fraud

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the staff of the Ridgewood blog

 

Glen Rock NJ, the Glen Rock Police report that on February 20th  at 1:14 PM ,an accountant with a medical services company located on Harristown Road reported that the company had been the victim of a $100,000 wire fraud. The complainant recounted that multiple emails were received from a fraudulent email address impersonating the company CEO and directing the wire transfer to a bank in China for international business purposes. After realizing that this was a fraud, company representatives contacted police. The detective bureau is currently investigating the matter.