Tag: financial crimes
Jalal Nimer Asad, Tax Evasion, Illinois 2026
⏱ 2 min read Jalal Nimer Asad, a 62-year-old from Lindenhurst, Illinois, has been sentenced to five years in prison for his role in a massive tax evasion scheme that spanned multiple businesses in the Central District of Illinois. Asad, who owned and operated several convenience and liquor stores in Decatur and Peoria, was found…
Robert Levinson, Money Laundering, Nevada 2020
⏱ 2 min read Las Vegas, NV – A ruthless cryptocurrency cartel laundered millions, but the feds are cracking down. The Las Vegas Homeland Security Task Force hosted a panel discussion on cryptocurrency-related crimes, featuring federal and local law enforcement partners. Panelists discussed trends in cryptocurrency-related crimes, tools used to investigate these cases, and the…
Ross Jay Bailey, COVID-19 Relief Fraud, West Virginia 2020
⏱ 5 min read A scoundrel from Cool Ridge, West Virginia, has been caught with his hands deep in the COVID-19 relief cookie jar. Ross Jay Bailey, 50, swiped a cool $1.5 million in cash meant to help small businesses weather the pandemic. Instead, he used it to buy himself a lavish lifestyle. According to…
Harish Chidambaran, Wire Fraud, New York 2026
⏱ 2 min read Two high-flying tech execs ran a multi-year scheme to rip off investors and lenders in Brooklyn, federal prosecutors allege. Harish Chidambaran, ex-CEO of Nasdaq-listed iLearningEngines, Inc., and Farhan Naqvi, the company’s ex-CFO, allegedly operated a continuing financial crimes enterprise, defrauding retail and institutional investors in the tech firm. iLearning claimed to…
Andre Pitts, Uttering a Counterfeit Obligation, Pennsylvania 2023
⏱ 2 min read A brazen scammer has been caught red-handed in Pittsburgh. Andre Pitts, 21, deposited an altered $62,211 US Treasury check in June 2023, claiming it was his tax refund for the previous year. The check had been issued months earlier to another individual, but Pitts managed to alter the payee info and…
John Michael Doe, Money Laundering, South Dakota 2022
⏱ 2 min read A whopping $9.5 million in fines and asset forfeitures was collected by the U.S. Attorney’s Office in South Dakota in FY2025. The haul includes $8.9 million returned to victims of crime, underscoring the office’s commitment to justice. According to U.S. Attorney Ron Parsons, the office worked tirelessly to hold criminals accountable…
TD Bank, Conspiracy to Commit Money Laundering, New Jersey 2025
⏱ 3 min read TD Bank coughed up a staggering $1.43 billion in fines and $328 million in criminal forfeiture for its role in the largest bank money laundering scandal in US history. The Newark-based financial giant pleaded guilty to conspiracy to commit money laundering and Bank Secrecy Act program failures. According to the US…
David Quinones, Wire Fraud, Illinois 2023
Chicago – David Quinones, 45, will spend the next four years and four months behind bars for systematically defrauding the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps. The feds sentenced Quinones yesterday after he pleaded guilty to a single count of federal wire fraud, a charge stemming from a brazen, five-year scheme…
Christopher Guilford, Tax Refund Scheme, California 2025
Sacramento resident Christopher Guilford, 54, will spend the next four years and beyond behind bars after a federal jury found him guilty of orchestrating a brazen $1.17 million tax refund scheme. The conviction, handed down October 30, 2025, caps a months-long investigation that exposed Guilford’s meticulously crafted fraud, built on bogus tax filings and a…
Eijroghene Okuma, $10M Investment Fraud, Atlanta GA, 2023
Atlanta, GA – A former Edward Jones advisor is facing years in federal prison after admitting to a brazen scheme that robbed an 80-year-old Georgia man of nearly $10 million. Eijroghene Okuma, 48, systematically exploited the trust placed in him, pilfering the victim’s life savings over a 16-month period. The case, which surfaced this week,…
