Tag: Q4 2016

BROOKLYN, NY — The U.S. government has filed a civil complaint accusing Barclays Bank plc and its U.S. affiliates of orchestrating a massive fraud scheme that dumped billions in toxic residential mortgage-backed securities (RMBS) on unsuspecting investors before the 2008 crash. From 2005 to 2007, Barclays knowingly sold securities backed by defective and misrepresented subprime…

Dallas airline pilot Anthony Warner, 55, pleaded guilty to smuggling $195,736 in undeclared U.S. currency through Newark Liberty International Airport, exploiting his Global Entry status to bypass standard customs checks. The United pilot was caught on January 10, 2016, after arriving from an international flight, when a malfunctioning Global Entry kiosk forced him to interact…

Derrell Lee, 25, of Atlanta, Georgia, is headed to federal prison for 32 months after being convicted in a brazen identity theft and bank fraud scheme that targeted TD Bank customers across Vermont. The sentence, handed down by Senior U.S. District Judge J. Garvan Murtha in Brattleboro, includes two years of supervised release following incarceration.…

Total Call Mobile, a California-based telecom provider, has been nailed in a $30 million federal settlement for systematically defrauding the Lifeline Program—a government initiative designed to provide discounted phone services to low-income Americans. The Southern District of New York unsealed the civil fraud complaint, exposing a widespread scheme in which the company submitted false claims…

Hoeub Chan, 35, of Rochester, NY, admitted in federal court to smuggling narcotics into jail while already serving time for a major fraud scheme. The defendant stuffed Oxycodone and Dextroamphetamine into the seams of his shirt, socks, and shoes before being processed into custody — a brazen move that triggered a federal probe. Chan pleaded…