TULSA, OKLA. (KTUL) — William Shane Garrow, a former Senior Vice President of Private Banking, was sentenced today by U.S. District Judge Gregory K. Frizzell to 71 months in prison for bank fraud and willfully making and subscribing a false federal income tax return. Garrow, 49, of Tulsa, was also ordered to pay restitution totaling
Fourteen people, including several Southern California residents, were arrested Wednesday, May 28, and accused of scamming the government out of more than $25 million in COVID-19 relief funds and federal small business loans, according to the U.S. Department of Justice. Two federal criminal complaints named 18 defendants, four of whom are believed to be in
Enjoy complimentary access to top ideas and insights — selected by our editors. Navy Federal Credit Union’s new credit-building partnership, a rash of cybersecurity breaches, the ever-growing presence of artificial intelligence in banking and other topics are dominant for bankers as summer approaches. Data breaches have become an especially problematic trend for banks in recent
A Redondo Beach man was charged last week in North Carolina after he allegedly posed as an investment adviser and defrauded victims of more than $4 million over the course of several years. Jon Patrick Kubler, 52, was indicted on charges of securities fraud and transactional money laundering after he allegedly provided investment planning and
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! Malicious actors posing as vendors allegedly hacked into the School District of Philadelphia’s banking system several times in 2024 and diverted a total of nearly $700,000 into their own accounts, Christy Brady, city
A Newport Beach attorney who admitted that she swindled investors out of $8.7 million in order to bankroll her lavish lifestyle and high-rolling gambling habit was sentenced Monday, May 5 to one year and nine months in federal prison. A luxuriant lifestyle of high-end jewelry, luxury cars, a six-month stay at a opulent Las Vegas
(WOWT) – Nebraska Attorney General Mike Hilgers is reporting a surge in romance scams and cryptocurrency-based investment fraud. In a release sent Wednesday, AG Hilgers’ office says they have received reports of multiple victims losing up to six-figure sums in cryptocurrency scams. Officials say Nebraskans are being targeted by scammers and encouraged to make small,
HIGHLIGHTS The victim was added to a Telegram group where people appeared to be discussing cryptocurrency investment opportunities A woman from the group contacted the victim and assured him that he could earn high profits on investments in cryptocurrency. Believing her, the man first invested Rs 10,000. In today’s
What is cryptocurrency? How it works Cryptocurrency is a form of digital currency that uses cryptography for security and operates independently of central banks. Springfield, Missouri, police received reports of over $1.2 million in cryptocurrency scam losses in 2024, with only $109,000 recovered. Police warn residents to be aware of common scam tactics like guaranteed
President Trump has pardoned a Las Vegas politician convicted last year of using money meant for a statue honoring a slain police officer on personal costs, including plastic surgery. Michele Fiore, a former city councilwoman and Nevada state lawmaker, was found guilty in October of six counts of federal wire fraud and one count of