Latest Fraud and false statements News

Prosecutors: Investment advisor stole $2.8M from clients

Oct. 28, 2021 13:09 PM EDT

NEWARK, N.J. (AP) — A former broker and investment advisor stole more than $2.8 million from clients to pay for his gambling and buy high-end, luxury items for himself, according to federal prosecutors in New Jersey. Kenneth Welsh, 41, of River Edge, was arrested...

Medical worker fraudulently got boats from federal program

Oct. 28, 2021 12:35 PM EDT

PORTLAND, Maine (AP) — A former emergency preparedness director at Maine Medical Center pleaded guilty to fraud charges for misrepresenting a group he led to obtain two boats and other equipment from a Department of Defense program. Joshua Cory Frances, 44, pleaded...

Jobless claims at pre-pandemic levels; fraud still a concern

Oct. 28, 2021 10:15 AM EDT

COLUMBUS, Ohio (AP) — Initial jobless claims in Ohio have returned to pre-pandemic levels for the first time, according to two weeks of state data. The positive economic news comes even as a fresh state auditor's report sheds more light on the extent of fraud experienced by Ohio’s...

Western Nebraska farmer faces federal charges of bank fraud

Oct. 27, 2021 12:14 PM EDT

SCOTTSBLUFF, Neb. (AP) — A western Nebraska rancher and farmer has been indicted on four federal counts of bank fraud after prosecutors say he lied to bank officials about his assets and debt load in an effort to secure more than $11 million in loans. George Liakos,...

Editorial Roundup: U.S.

Oct. 27, 2021 12:04 PM EDT

Excerpts from recent editorials in the United States and abroad: Oct. 22 The Toronto Star on Glasgow climate summit and the credibility of governments: As we noted on Friday, the prospects for COP26, the United Nations climate...

Judge: Fraud can't be mentioned in family slayings trial

Oct. 27, 2021 08:29 AM EDT

KISSIMMEE, Fla. (AP) — A judge has ruled that a federal fraud investigation can't be mentioned during the murder trial of a Connecticut physical therapist accused of killing his wife and three children at their home in central Florida. Osceola County Judge Keith Carsten...

Feds: Ohio stock trader fleeced Twitter users in pump-&-dump

Oct. 26, 2021 16:56 PM EDT

NEW YORK (AP) — An Ohio trader in penny stocks was arrested Tuesday on charges alleging he earned over $1 million illegally by lying repeatedly to his over 70,000 Twitter followers to get them to buy stocks in what authorities are calling a new social media-infused twist on an old stock...

GOP election chief who rejects fraud claims named to fed job

Oct. 26, 2021 14:50 PM EDT

WASHINGTON (AP) — A Republican secretary of state who challenged former President Donald Trump's false claims of election fraud in 2020 will lead the Biden administration's effort to protect future elections. Kim Wyman, 59, has led elections in Washington state for...

Chicago man sentenced to prison for music concert schemes

Oct. 26, 2021 13:37 PM EDT

CEDAR RAPIDS, Iowa (AP) — A Chicago man has been sentenced in Iowa to federal prison for running a scheme in which he collected deposits and money for other expenses related to music concerts that never took place. Romel Murphy, 43, was sentenced last week to more than...

South African court rules Zuma's corruption case to continue

Oct. 26, 2021 06:54 AM EDT

JOHANNESBURG (AP) — Former South African President Jacob Zuma’s effort to get a prosecutor removed from his corruption case has been dismissed by the Pietermaritzburg High Court. Zuma filed a special application to have prosecutor Billy Downer taken off his case,...