Defunct Video Poker Company CFO Pleads Guilty to Fraud
Robin Smyth, the former chief financial officer of Kit Digital Inc pleaded guilty to securities fraud. Smyth, along with the company’s former chief executive, Kaleil Isaza Tuzman, ...
Banana Importer Charged with Embezzling $750k in Retirement Funds
Thomas Hoey, a banana importer, has been charged with embezzling over $750,000 from his employees’ retirement plan. He apparently used this money to go on lavish vacations and to ...
Wells Fargo Schemer Pleads Guilty
Ronald Reed plead guilty to bank fraud in the wake of a massive scheme involving Wells Fargo customers. Reed and three others supposedly used customer information to create fake forms ...
Republican Representatives Attempt to Introduce Bill Targeting Medicaid
Republican Representative Joe Pitts (Penn) is attempting to introduce the Common Sense Savings Act, which would alter the way certain Americans qualify for Medicaid. The bill aims ...
Federal Government Urges Kansas to Address Medicaid Backlog
Kansas Medicare applicants have been waiting for months to have their applications processed. Citizens are spending up to an hour and a half on the phone waiting for the Kansas Medicaid ...
Wisconsin Northwood Brothers Charged With Fraud
Two Northwoods brothers who co-own Eliason Inc. in St. Germain are facing 10 felony counts of securities fraud after failing to disclose the conditions their business was in.
31 investors ...
Wells Fargo, Rhode Island Agency Charged With Fraud
The U.S. Securities and Exchange Commission has charged a Wells Fargo & Co unit, along with a Rhode Island agency with securities fraud in relation to a bond deal for the now-bankrupt ...
Pennsylvania Pension Fund Dismissed from Investment Fraud Lawsuit
A New York City federal appeals court affirmed a previous ruling that excluded Pennsylvania’s Public School Employees’ Retirement System (PSERS) as a plaintiff from a fraud lawsuit. ...
NJ Man Pleads Guilty in Massive Ponzi Scheme
Jonathan Rosenberg pleaded guilty to conspiring to commit wire fraud in addition to a complex and lucrative Ponzi scheme. Rosenberg is required to pay back the $148,251,859 that his ...
Pennsylvania Ups Punitive Actions Against Nursing Homes in 2015
Pennsylvania’s Department of Health put at least 19 nursing homes’ licenses on provisional status and issued at least 32 fines in 2015. These steps follow a lawsuit in which many ...