Blog posts with "fraud"

When homeowner Lynn Szymoniak received a mortgage foreclosure complaint, she turned the tables on the foreclosing banks by utilizing her skills as an attorney and fraud detective to investigate tens of thousands of foreclosure documents in other foreclosure cases. After discovering that the foreclosing banks were engaging in pervasive fraud, she brought a False Claims Act lawsuit against the banks on behalf of the federal government. Now, CBS News reports that homeowner Lynn Szymoniak “i...

  Two radiologists at the University of Missouri School of Medicine were fired for falsely billing Medicare according to an Associated Press article. The false medical billing sparked an internal investigation by the University of Missouri and an ongoing federal investigation by the U.S. Attorney’s Office. The internal investigation revealed “that the two doctors falsely said they reviewed X-rays but instead relied solely on resident physicians, a violation of Medicare and hospital rul...

According to a recent Department of Justice press release, 107 doctors, nurses, and other health care professionals were charged with $452 million dollars of fraudulent Medicare billing in a single takedown by the Medicare Fraud Strike Force. The health care professionals were accused of fraud-based crimes such as conspiracy to commit health care fraud, health care fraud, kickback violations, and money laundering relating to “a variety of alleged fraud schemes involving various medical tr...

  A recent article from Reuters illuminated an interesting dilemma that the IRS is currently facing in reference to what may be the largest example of tax fraud in US history. The alleged fraud involves the improper handling of the transfer of mortgages into and out of a legal entity known as a Real Estate Mortgage Investment Conduit (REMIC), investments which totaled $3 billion in 2010 alone. The IRS allows for special tax treatment of REMICs, exempting the securities created by the REMIC f...

A new and devious spin on an old con was recently uncovered by Israeli security firm Trusteer, makers of the Rapport financial anti-malware package. The con involves using a Trojan horse (such as SpyEye, Zeus, or Carberp) to take control of the victim’s computer in order to discover financial information and login credentials. This basic maneuver has been used for years by hackers to steal money from victims’ accounts, but this new tactic substantially delays the discovery of the fraud, ...

  In an Orlando Sentinel article by Susan Jacobson entitled Elderly who trusted high- living couple now face nightmares, former clients spoke out about Ross and Linda Littlefield, who were “charged with 10 counts of fraudulently using the Lentzes' credit cards, one count of fraudulently using their personal-identification information and one count of engaging in a scheme to defraud for at least $20,000 but less than $50,000.” Following are excerpts from the article: When her husband's Al...

On June 24, 2011, the law office of Campbell Law P.A. filed a lawsuit for civil damages in the Circuit Court of Osceola County, Florida against disbarred-attorney Linda Vasquez Littlefield based on allegations that she and her former husband, Ross Littlefield, operated a criminal enterprise that defrauded elderly clients out of their life savings. Campbell Law brought this suit on behalf of individuals suffering from Alzheimer’s and dementia, as well as their representatives, who claim the ...

Shahin Kashanchi was arrested a couple of days ago on charges of scheming with his brother-in-law Hassan Nemazee to defraud Citibank and HSBC of $290 million. Nemazee was arrested on August 25, 2009 and indicted for using fraudulent documents to secure loans from the victim banks, and executing a ponzi scheme against them by paying partial proceeds of the loans from one bank to the debts owed to the other and likewise.   Many of the fraudulent documents used in Nemazee's scheme were allegedl...

  "Preemptive counterattack" is taking on a whole new meaning. Though the US military has long maintained a policy of securing its networks and reserving a right to attack those who attack its networks, the issues of going on the offensive is now being discussed. This is not a new issue, but it has come to light recently due to increasing attacks on US networks and changes in the legal and political spheres. Critics are already pointing to the fact that these types of attacks often cause uni...

In an interesting New York Times article, the author examines the basic functions of Russian cyber criminal networks and why they often go unpunished. Here are a few quotes:  Law enforcement groups in Russia have been reluctant to pursue these talented authors of Internet fraud, for reasons, security experts say, of incompetence, corruption or national pride. Underscoring the nationalistic tone of much of Russian computer crime, one site [hacker site that exchanged credit card numbers to ai...