Latest Fraud and false statements News

2 guilty in $1B fraud as feds auction Burt Reynolds Trans Am

Oct. 22, 2019 8:59 PM EDT

SACRAMENTO, Calif. (AP) — Two employees of a San Francisco Bay Area solar energy company have pleaded guilty to participating in what federal prosecutors say was a massive scheme that defrauded investors of $1 billion. Investigators say the owners, who have not been charged, accumulated nearly 150 often...

Lori Loughlin, other parents charged again in college scheme

Oct. 22, 2019 8:14 PM EDT

BOSTON (AP) — "Full House" actress Lori Loughlin, her fashion designer husband and nine other parents faced new federal charges Tuesday in a scandal involving dozens of wealthy parents accused of bribing their children's way into elite universities or cheating on college entrance exams. A grand jury in...

Ex-Honolulu prosecutor avoids trials by pleading guilty

Oct. 22, 2019 7:53 PM EDT

HONOLULU (AP) — A former deputy Honolulu prosecutor already convicted of conspiracy with her retired police chief husband in Hawaii's biggest corruption case pleaded guilty Tuesday to bank fraud, identity theft and protecting her brother from a drug-dealing investigation. Katherine Kealoha's husband Louis...

The Latest: Ex-prosecutor avoids trials with guilty pleas

Oct. 22, 2019 5:45 PM EDT

HONOLULU (AP) — The Latest on a retired police chief and his wife pleading guilty in a federal corruption investigation (all times local): 11:45 a.m. A former deputy Honolulu prosecutor has pleaded guilty to bank fraud, identity theft and a drug-related charge. A jury in June convicted Katherine Kealoha...

Investors file suit accusing ex-regent of bilking millions

Oct. 22, 2019 4:53 PM EDT

ATLANTA (AP) — Investors accuse a former member of the Georgia Board of Regents of bilking millions from hundreds of investors in a Ponzi scheme. The civil lawsuit filed Friday against C. Dean Alford and others in federal court in Columbus accuses Alford of enticing people to invest in turning waste from...

Three Forks man pays $12K in restitution for work comp fraud

Oct. 22, 2019 12:11 PM EDT

HELENA, Mont. (AP) — A Three Forks man has paid just over $12,000 in restitution in a workers' compensation fraud case after investigators found he was competing in motocross races while saying he was unable to work. Prosecutors say 42-year-old Anthony Caruana reported suffering a knee injury in June 2015...

The Latest: Trump congratulates Japanese Emperor Naruhito

Oct. 22, 2019 11:17 AM EDT

TOKYO (AP) — The Latest on Japanese Emperor Naruhito's enthronement ceremony (all times local): 12:15 a.m. Wednesday President Donald Trump has congratulated Japanese Emperor Naruhito on his enthronement. The White House said in a statement that the president and first lady Melania Trump offer their...

Farmer pleads guilty to crop insurance, bankruptcy fraud

Oct. 22, 2019 10:51 AM EDT

WICHITA, Kan. (AP) — Prosecutors say they plan to seek more than $2.1 million in restitution from a Kansas farmer who pleaded guilty to crop insurance and bankruptcy fraud. The Wichita Eagle reports that Kevin Struss, of rural WaKeeney, entered the guilty plea Monday in federal court. Struss admitted in...

California governor wants investigation of high gas prices

Oct. 21, 2019 8:39 PM EDT

SACRAMENTO, Calif. (AP) — California's governor has asked the attorney general to investigate why the state's gas prices are so high, pointing to a new report suggesting big oil companies are "misleading and overcharging customers" by as much as $1 per gallon. Name brand retailers — including 76,...

New Jersey man admits stealing employer's toothpaste formula

Oct. 21, 2019 5:04 PM EDT

NEWARK, N.J. (AP) — A New Jersey man has pleaded guilty to scheming to steal his employer's proprietary toothpaste formula to sell overseas. Muamer Reci pleaded guilty Monday to one count of wire fraud conspiracy. He's scheduled to be sentenced in February. The U.S. attorney's office says the 57-year-old...