Man Convicted in $13M COVID-19 Loan Fraud Attempt
A Massachusetts businessman has been convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans, federal prosecutors said.
A Massachusetts businessman has been convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans, federal prosecutors said.
The New York attorney general’s office late Tuesday told a court its investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.
A Braintree resident and former bank loan officer has agreed to plead guilty to participating in a three-year scheme that involved submitting fraudulent applications to obtain loans from the U.S. Small Business Administration.
A Saugus woman has pleaded guilty to her role in a bank fraud scheme that involved recruiting tellers to help fraudulently obtain funds from customer accounts.
A Stoughton man pleaded guilty last week to fraudulently obtaining more than $220,000 in Paycheck Protection Program loans from several financial institutions.
A Methuen man who used his authority as a branch manager to fraudulently withdraw more than $560,000 from the accounts of deceased customers has been sentenced to prison for bank fraud.
Rep. David Nangle pleaded guilty earlier this year to illegally using campaign funds to fund a lifestyle that included golf club memberships and casino trips to Connecticut, and lying to banks about his debt to obtain mortgages and other loans.
The individuals are charged with conspiring to deceive banks into allegedly processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses.
The financial services industry has seen digital fraud attempts increase in 2021 compared to last year as more consumers go online for banking and other financial transactions, according to new research from TransUnion.
A Lawrence man has pleaded guilty to participating in a wide-ranging conspiracy to defraud financial institutions in several states, including Massachusetts credit unions.
A Ghanaian national living in Randolph was arrested last week on charges of making false statements at several Greater Boston banks as part of a $1.7 million romance scam.
Former Massachusetts state Rep. David Nangle pleaded guilty yesterday to several charges, including defrauding a bank to obtain loans to purchase his home and repay his personal debts.
A Cape Cod woman pleaded guilty to charges in two separate criminal cases for embezzling more than $1.3 million from two employers, including a Cape Cod construction company.
The digital transformation that banking has undergone since March also created opportunities to fraud. In rolling out plans to fight this, though, banks have had to be careful not to turn off customers accustomed to the ease of one-click shopping.
A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tuesday.
Nine men have been charged in a wide-ranging bank fraud and identity theft scheme that affected multiple states, including Massachusetts.
A former Massachusetts attorney and his wife were indicted on Tuesday in Boston federal court in connection with various mortgage fraud schemes.
The operator of a Lawrence used car dealership was arraigned in federal court on charges of defrauding banks and credit unions in connection with an auto loan scheme.
Charges against state Rep. David Nangle, who was arrested this morning by federal agents, include allegations that he provided false information to a bank to obtain loans that in part funded gambling activities.
A Lynn man was sentenced to more than four years in prison for a bank fraud and money laundering scheme that netted $1.4 million from a Korean company.