Fraud Headlines

2020 Articles

January 

Solar Firm Owners Charged With ‘Massive’ Fraud 

A California couple have been charged with orchestrating a “massive” Ponzi scheme that collected nearly $1 billion from investors in their solar company. (CFO)

Isabel dos Santos: Africa's Richest Woman Accused of Fraud 

Africa's richest woman, Isabel dos Santos, has been accused of embezzlement and money laundering by prosecutors in Angola. (BBC)

‘The Wolf of Wall Street’ Told the Story of His Fraud. Now He’s Suing for Fraud 

Belfort is suing Red Granite Pictures, which bankrolled the 2013 epic, in Los Angeles Superior Court, saying he has been damaged by the Malaysian financial scandal that engulfed the company in 2017. (Los Angeles Times)

Dentist Who Pulled Teeth While Riding Hoverboard Convicted of Fraud 

Seth Lookhart was convicted Friday of 46 counts, including felony medical assistance fraud and scheming to defraud, and misdemeanor counts of illegally practicing dentistry and reckless endangerment, prosecutors said. (USA Today)

Man Charged With $1.5 Million Fraud For Allegedly Filing False Damage Claims On Items Shipped Through USPS 

Miami resident Edwin Jim Garcia-Albarracin, 45, allegedly filed fraudulent claims for "purportedly damaged packages" sold through his online business, Rambos Market, stating that they were damaged when they were shipped through the U.S. Postal Service, according to a federal indictment filed in the Southern District of Florida earlier this month. (ABC)

'Heinous' Texas Doctor Who Falsely Diagnosed Patients to Commit $325M in Fraud is Found Guilty 

A Texas doctor who falsely diagnosed patients with lifelong illnesses and needlessly subjected some to chemotherapy drugs as part of a $325 million healthcare fraud case was convicted by a jury Wednesday. (Fierce Healthcare)

Lekoil Shares Plunge As Company Launches Loan Scam Investigation 

Shares in Nigerian oil company Lekoil Ltd plunged more than 70% on Tuesday following a suspension of trading after the firm discovered that a $184 million loan it had announced was fraudulent. (Reuters)

Feds Amassed $2.6 billion From 2019 Healthcare Fraud Cases 

The department's recoveries from healthcare fraud cases have inched higher in recent years from roughly $2.5 billion in 2018 and $2.1 billion in 2017. (Modern Healthcare)

New York Wealth Manager to Plead Guilty in ‘Wild’ Spending Case of Fraud 

Prosecutors in Manhattan said he misused his position as manager of the firm’s payroll and billing to divert about $6 million to his own account. (Bloomberg)

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