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Tag Archives: fraud

South Florida Sees Cases of ID Theft and Tax Fraud

South Florida Sees Cases of ID Theft and Tax Fraud

South Floridians Accused of ID Theft and Tax Fraud A Parkland man is among three South Floridians convicted in a $2.2 million identity theft tax refund fraud scheme, federal prosecutors said on Friday. A federal jury convicted Frantz Pierre, 33, and two others, Terry Pierre, 29, and Christmanie Bissainthe, 33, both of Miami, on 12 counts including conspiracy to submit fraudulent claims to the government and aggravated identity theft. Pierre and the others used identities stolen from prisoners to seek $2.2 million of illegal refunds from the IRS which ultimately paid $1.9 million fraudulent claims, government attorneys said. Source IRS Steps to Combat Identity Theft and Protect Taxpayers The IRS is taking action to protect taxpayers from identity theft and helping victims of tax-related identity theft Over the past several years, the IRS… […]

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Criminal Cases With Overturned Conviction

Criminal Cases With Overturned Conviction

A Texas appellate court has overturned the conviction of former House Majority Leader Tom DeLay (R-Tex.) for allegedly scheming to influence Texas state elections with corporate money. A three-judge panel voted 2-1 to overturn the conviction, calling the evidence “legally insufficient,” according to court papers released Thursday. The decision formally acquits DeLay of all charges, but it could still be appealed by the government. Just hours after the ruling was announced, DeLay visited Capitol Hill for a long-scheduled lunch meeting with members of the Texas Republican congressional delegation. Before the meeting, DeLay told reporters that he was at the “C Street House,” or National Prayer Center, Thursday morning when he heard the news. “We were all basically on our knees praying and my lawyer calls and says, ‘you’re a free man,’”… […]

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Financial Institution Fraud-Criminal Case In South Florida Involving Attorney

Financial Institution Fraud-Criminal Case In South Florida Involving Attorney

A 55-year-old Lake Worth attorney, who turned himself into the FBI in June after spending roughly three months on the lam, has apparently reached a tentative plea deal with federal prosecutors for allegedly taking at least $7.2 million from clients. Appearing in court this morning, Timothy McCabe pleaded not guilty to five counts of fraud on a financial institution. He also waived indictment on the charges. In federal court, that typically signals that a plea deal is in the works. He remains in jail without bond. “He took the money and ran,” said Nancy Buchanan, a 70-year-old Lake Worth resident, who said she lost about $76,000 to McCabe. “He either spent it or stashed it.” She said she came to court today just to see the tall, heavy set man… […]

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Florida Mortgage Fraud Cases

Florida Mortgage Fraud Cases

Mortgage fraud schemes employ some type of material misstatement, misrepresentation, or omission relating to a real estate transaction which is relied on by one or more parties to the transaction. These schemes include: Foreclosure rescue schemes Loan modification schemes Illegal property flipping Builder bailout/condo conversion Equity skimming Silent second Home equity conversion mortgage Commercial real estate loans Air loans There are two types of Mortgage Fraud Fraud for Property Fraud for Profit Fraud for Property, also known as Fraud for Housing, usually involves the borrower as the perpetrator on a single loan. The borrower makes a few misrepresentations, usually regarding income, personal debt, and property value, or there are down payment problems. The borrower wants the property and intends to repay the loan. Sometimes industry professionals are involved in coaching… […]

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Staged Accident Fraud in Palm Beach County

Staged Accident Fraud in Palm Beach County

Authorities said today they charged 33 people and arrested 26 in a staged-accident ring in Palm Beach and Miami-Dade counties. Seven people are fugitives, including two alleged ringleaders that officials say have fled to Cuba. “Staged accident fraud has become the largest source of healthcare fraud in Palm Beach County,” said Marcus Christian, executive assistant U.S. Attorney for the Southern District of Florida. Sixteen of 21 chiropractic clinics involved are based in Palm Beach County. It’s the latest phase of a multi-agency operation that has been going on for more than three years and resulted in charges against 92 people. The defendants are accused of staging auto accidents and billing insurers for amounts officials said exceeded $20 million. (source) According to the Coalition Against Insurance Fraud, staged car crashes are… […]

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Criminal Charges For Money Laundering

Criminal Charges For Money Laundering

It was a brazen bank heist, but a 21st-century version in which the criminals never wore ski masks, threatened a teller or set foot in a vault. Elvis Rafael Rodriguez and Emir Yasser Yeje, two of those charged in Brooklyn on Thursday, posed in March with approximately $40,000 in cash that the authorities say they were laundering. In New York City alone, the thieves responsible for A.T.M. withdrawals struck 2,904 machines over 10 hours starting on Feb. 19, withdrawing $2.4 million. The operation included sophisticated computer experts operating in the shadowy world of Internet hacking, manipulating financial information with the stroke of a few keys, as well as common street criminals, who used that information to loot the automated teller machines. On Thursday, federal prosecutors in Brooklyn unsealed an indictment… […]

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On Trial for Fraud, Ponzi Scheme

On Trial for Fraud, Ponzi Scheme

Frail ex-Delray commissioner on trial for alleged Ponzi scheme says she never intended ‘not to pay back the money’ Former Delray Beach City Commissioner Charlotte Durante took the stand in her own defense Friday, vehemently denying prosecutors claims that she stole an estimated $1.8 million from people who came to her believing she would pay them big returns on their investment. “It was never my intention, never a thought in my mind, not to pay back the money,” she insisted. Further, she said, all of the 83 investors knew she was using their money to help her daughter establish the Museum of Lifestyle and Fashion history. When prosecutor Ryan Kelley pointed out that none of the 26 investors who testified during the three-day trial said they ever heard of the… […]

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Political Ties, Money Laundering and Fraud Charges in South Florida

Political Ties, Money Laundering and Fraud Charges in South Florida

A powerful Delray Beach developer once tasked with helping appoint local judges also has ties so close to the Palm Beach County State Attorney’s Office that it is backing away from handling his prosecution for allegedly cheating a sandwich mogul out of more than $1 million. Anthony Pugliese and his business manager, Joseph Reamer, are fighting charges of conspiracy to commit organized scheme to defraud, money laundering and grand theft. Investigators say Pugliese, with Reamer’s help, created fake companies and phony invoices to steal $1.2 million from Subway founder Fred DeLuca. DeLuca at the time was working with Pugliese on Destiny, a failed $111 million, 41,000-acre “green” community planned just south of Yeehaw Junction in Osceola County. Pugliese, 65, and Reamer, 54, turned themselves in to Palm Beach County Sheriff’s… […]

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Palm Beach County Division of Inspector General Joins Forces With Guardianship Fraud Auditors To Yield First Arrest

Palm Beach County Division of Inspector General Joins Forces With Guardianship Fraud Auditors To Yield First Arrest

A father charged with using more than $58,000 from his daughter’s guardianship account to fuel his lavish spending – including a 2007 Jaguar XK and a flat-screen TV – is behind bars after an investigation by my Guardianship Fraud Program. Willie E. Lockridge of Nashville, TN, was booked into the Palm Beach County Jail on January 25, after he was arrested by Nashville police. He faces charges of grand theft and organized scheme to defraud of more than $20,000. My accredited  Division of Inspector General began their investigation into Lockridge, 41, in August 2012. They received a tip of some unusual activity in a guardianship account, and their investigation found that Lockridge convinced his brother – the guardian for Lockridge’s daughter – to cash a $58,866.61 check designated for deposit… […]

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Florida State With The Highest Incidence Of Fraud

Florida State With The Highest Incidence Of Fraud

More than 30 different categories of complaints were recorded in 2011. Identity theft was the most common one, representing 15 percent of all complaints. Many other categories relate to a growing number of Americans in debt as a result of the recession and the housing crash. Debt collection fraud was the second most common category, defined by the FTC as consumers reporting abuse by both legitimate debt collectors and those pretending to be. Other categories included banking and lending scams, as well as scams arising from promises of relief from mortgage debt (source). From 24/7 Wall St.: When times are hard, fraud often gets worse. Americans are under great financial pressure, and there is no shortage of criminals waiting to take advantage of it. According to the most recent report… […]

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