FORT WORTH, Texas (WFAA) – A Texas man has a warning for others after he was defrauded out of $32,000. The teacher says he lost his life savings after answering a phone call from, who he thought was, his bank. However, the call was part of a sophisticated scheme. It felt so real and happened
A Nebraska-based investment advisor faces up to 30 years in prison after admitting he’s behind an attempted $45.65 million fraud against financial institutions. Jesse Hill, 35, has pleaded guilty to conspiracy to commit bank fraud and will be sentenced in September, according to the U.S. Attorney’s Office for the District of Nebraska. Hill and an
A loved one needing bond money to get out of jail. A friend held hostage by a Mexican cartel. An internet account hijacked to buy pornography. These are among the bogus claims fraudsters have used recently to scam Troy residents out of thousands of dollars, police said. The priciest loss reported lately: A 46-year-old man
A Morrison man was sentenced to nearly four years in prison after he illegally obtained two Paycheck Protection Program loans during the COVID-19 pandemic, federal officials announced Tuesday. Richard Nieto, 39, took a deal and pleaded guilty last month to wire fraud and money laundering in federal court, according to court records. The plea deal
SPRINGFIELD, Ill. (WAND) — Two Democratic plans in Springfield would begin some of the first regulations to be put on the cryptocurrency industry. FILE – Bitcoin logos are displayed at the Inside Bitcoins conference and trade show on April 7, 2014, in New York. (AP Photo/Mark Lennihan, File) Mark Lennihan It would start by requiring
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