Tag: financial crime
Christopher Ferguson, Scheme to Inflate Order Numbers, New York 2023
⏱ 2 min read RELATED: Ohio Dealer Charged in Overdose Death SEE ALSO: Medicare Scam: Art Classes Billed as Therapy NEW YORK, NY – The top dog at Edison Nation, Christopher Ferguson, and a consultant, Brian McFadden, just admitted to a scheme to juice the company’s numbers, according to federal prosecutors in Manhattan. Both men…
Kenneth Thom, Investment Advisor Fraud, New York 2023
New York, NY – Kenneth Thom, the man behind the slick online persona “K$” or “K Money,” confessed in federal court today to running a years-long investment scam, preying on hopeful traders lured in by promises of quick riches. Thom, believed to be in his 40s, admitted to investment advisor fraud, a charge that carries…
Frank Hamilton, SBA Scam, California 2023
⏱ 2 min read RELATED: Stolen Ride, State Lines: OK Man Admits Transporting Hot Car SEE ALSO: Meth Dealer Gets 20 Years PHILADELPHIA – Frank Hamilton, a 55-year-old from Simi Valley, California, is headed to federal prison for 5.5 years after admitting he masterminded a brazen scheme to rip off banks and the Small Business…
Nicole Hilstolsky, Embezzlement, Pennsylvania, 2018
⏱ 3 min read Nicole Hilstolsky, 48, of Swoyersville, Pennsylvania, is headed to federal prison after admitting she cooked up a fake robbery to cover her tracks. Hilstolsky was sentenced today to eight months behind bars for pilfering $16,247 from the WOD Federal Credit Union back on October 15, 2018. The now-defunct credit union was…
Andre Whitehurst, Bank Fraud, North Carolina 2022
⏱ 2 min read Andre Whitehurst, a 34-year-old former postal worker from Charlotte, North Carolina, is headed to federal prison for 15 months. He wasn’t just slowin’ mail delivery – he was pilfering checks and turning them into cold, hard cash. From April 2022 to September 2024, Whitehurst ran a scheme that bilked banks out…
Ex-Nodus International Bank CEO, Wire Fraud, Alabama, 2023
⏱ 2 min read Ex-Nodus International Bank CEO, whose name is being withheld pending sentencing, is looking at serious time after admitting to a $24.9 million wire fraud. Federal prosecutors in Alabama say the scheme stretched across the country, and brazenly blew holes in U.S. sanctions against Venezuela. The grift involved diverting funds and hiding…
Kenneth Thom, Investment Adviser Fraud, New York NY, 2023
⏱ 2 min read Kenneth Thom, operating online as “K$” and “K Money,” admitted in federal court today to running a cold-blooded investment scam out of New York. The 40-something ex-broker preyed on social media followers with promises of easy profits, all while hiding a history of financial misconduct. Thom pleaded guilty to investment adviser…
Juan Hernandez, Wire Fraud and Sanctions Evasion, Montgomery AL, 2023
⏱ 2 min read A Puerto Rican banking executive just torched his career – and potentially his life. Former Nodus International Bank CEO admitted today to running a $24 million wire fraud and sanctions evasion scheme, right here in the Middle District of Alabama. Prosecutors say he and his crew used fake IDs and bogus…
Detroit Federal Agents, Money Laundering, Detroit MI, 2024
⏱ 3 min read Detroit federal agents just shut down a $14.9 million money laundering pipeline funnelling drug cash from international cartels into the U.S. financial system. The seizure happened earlier this year, but details were unsealed Friday. The operation involved a classic “trade-based money laundering” scheme – dirty money disguised as legitimate import/export transactions,…
Karen McGinnis, Tax Evasion, PA, 2023
⏱ 2 min read Karen McGinnis, 46, of Mountain Top, Pennsylvania, is heading to federal prison after a two-year scheme to skim over $400,000 from the taxpayers of Fairview Township. U.S. District Judge Karoline Mehalchick slapped her with a 20-month sentence yesterday, a small price to pay for betraying the public trust. From March 2023…
