Financial Crime

Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19

Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19

The owner of a Florida laboratory has pleaded guilty to a $7 million Medicare fraud scheme in which he paid kickbacks to brokers for telemedicine firms and doctors to prescribe expensive but unnecessary genetic testing along with low-cost COVID-19 tests for thousands of patients. Christopher Licata, 45, of Delray Beach, Florida, admitted that his lab, …

Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19 Read More »

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative's wedding

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding

That’s some high-end embezzlement. The U.S. chief executive of a German saw-blade manufacturer has pleaded guilty to stealing $15 million from the company to bankroll a luxury clothing and furniture boutique she ran on the side. Donna Osowitt Steele, 52, of Taylorsville, N.C. had worked for Tigra USA since 1999, starting in the shipping department …

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding Read More »

Retired bricklayer, elderly blind man among victims in $630K inheritance scam

Retired bricklayer, elderly blind man among victims in $630K inheritance scam

He stands to inherit a lengthy sentence. A Virginia man has admitted conning a retired bricklayer, an elderly blind man and others out of more than $630,000 in an inheritance scam where he claimed to be the beneficiary of a multi-million dollar estate, but only if they could help him pay off his debt first.  …

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I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

My father coerced me into giving him $100K for a ‘lucrative’ cryptocurrency pyramid scheme. How do I get my money back?

My father recently joined a cryptocurrency MLM (multi-level marketing) and recruited me into this lucrative scheme, where I ultimately invested $100,000. How it works is that the person who recruits you gets 20% of the profits you earn, then 15%, 10%, 5% and so forth.  There’s three of us kids and our mother. The problem …

My father coerced me into giving him $100K for a ‘lucrative’ cryptocurrency pyramid scheme. How do I get my money back? Read More »

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail

The other shoe has finally dropped on one lovelorn exec. The former chief financial officer of a high-end Massachusetts shoe maker has been sentenced to almost six years in prison for embezzling $30 million to help finance the career ambitions of a one-time TV newscaster he had fallen for. Richard Hajjar, 65, admitted he had …

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail Read More »

‘The theft was fatal’: Employee used 189 credit-card refunds to embezzle nearly $200,000 — bankrupting packaging firm

‘The theft was fatal’: Employee used 189 credit-card refunds to embezzle nearly $200,000 — bankrupting packaging firm

There is no such thing as a victimless crime. The trusted controller of a family-run Pennsylvania packaging firm has been sentenced to two years in prison for stealing nearly $200,000 from the company’s coffers, sending it into bankruptcy and all its workers to the unemployment line. Victoria Mazur, 54, of Pittsburgh, had worked for the …

‘The theft was fatal’: Employee used 189 credit-card refunds to embezzle nearly $200,000 — bankrupting packaging firm Read More »

Californian man, 79, sentenced to 4 years for charging small businesses and charities hugely inflated prices for printer toner

Californian man, 79, sentenced to 4 years for charging small businesses and charities hugely inflated prices for printer toner

It was the worst kind of paper jam. A 79-year-old toner salesman was sentenced to four years in prison for running a decades-long, multi-million dollar scam that caused tens of thousands of small businesses and charities to pay hugely inflated prices for printer cartridges. Gilbert Michaels, of West Los Angeles, was accused of utilizing boiler …

Californian man, 79, sentenced to 4 years for charging small businesses and charities hugely inflated prices for printer toner Read More »