Feds sue three cryptocurrency operators for fraud

The federal derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally are cracking down on the emerging asset class. The lawsuits, filed by the

Couple accused of defrauding Medicare hit with new charges

A married couple previously accused of submitting more than $44 million in fraudulent claims to Medicare and other private insurers were slapped with new charges Tuesday. Tea Kaganovich and Ramazi Mitaishivili both pleaded “not guilty” in Manhattan Criminal Court to various charges of grand larceny and money laundering for

‘Cocaine cowboys’ smuggler convicted in auto fraud case

MIAMI — A pilot who once smuggled tons of drugs for Colombian cartels during Miami’s “cocaine cowboys” era in the 1980s was convicted Wednesday of playing a key role in an auto fraud ring that stole at least 150 cars using a fake paper trail. A federal jury found

Subcontractors busted for $100K in Sandy fraud

Two subcontractors who removed debris during the aftermath of Superstorm Sandy have been indicted for cheating the city out of nearly $100,000 in billed work that was never performed. see also Richard Griffin and Frank Gillette — who each owned their own companies — are charged with mail fraud and

Trial begins for failed Queens politician charged with faking donations

see also An aspiring Queens pol accused of faking donations in order to get matching taxpayer funds for her losing 2015 campaign went on trial Wednesday. “This is about a candidate who wanted control,” Manhattan prosecutor Philip Gary said of wannabe City Council member Celia Dosamantes, who authorities allege forged

CEO of porn cryptocurrency disappears with investor money

A cryptocurrency built for watching live-streaming porn is turning out to be a buzz-kill. Four investors in the digital currency, called Fantasy Market, claimed last week that its shadowy CEO disappeared with their money — and has not refunded all their investment despite repeated requests. The alleged inability of investors

Firm’s eager expansion made it target for $100K scam: court docs

Litigation-financing firm LawCash’s eagerness to expand its operations in Florida led the company to get scammed out of nearly $100,000 by a woman employed by a Harley-riding lawyer, court papers claim. The company says that a paralegal at a Fort Lauderdale law firm perpetrated an elaborate fraud by creating

New Yorker pretended to be from New Jersey for job: cops

He may be the first-ever city resident to lie that he’s from New Jersey. Staten Islander Anthony Savino pretended to be from the Garden State so that he could get a job with the Bergen County Utility Authority, the Bergen County Prosecutor’s Office said. Savino got hired in 2013 after

Christmas Eve shoppers should be careful with their credit cards

Procrastinators are not the only ones out shopping for that last-minute gift on Christmas Eve. Credit card fraudsters wait until the most frenzied shopping day of the year to strike, according to Riskified, an e-commerce fraud prevention company, which claims that Christmas Eve has the highest rate of fraud

Feds bust 12 members of ‘The Goonies’ gang for murder, racketeering

WHITE PLAINS, N.Y. — Federal prosecutors have charged a dozen reputed gang members with terrorizing suburban New York City, including killing two teenagers. An indictment unsealed Thursday says the members of a street gang called “The Goonies” or “The Goon Squad” waged turf wars in Mount Vernon, New York,

Trump commutes sentence of rabbi convicted for bank fraud

President Trump on Wednesday commuted the prison sentence of Sholom Rubashkin, a Brooklyn-born rabbi who was sentenced to 27 years on bank fraud charges in 2009. Scores of politicians and law enforcement officials, including GOP Sen. Orrin Hatch, House Minority Leader Nancy Pelosi and former FBI Director Louis Freeh,

Scumbag convicted in cancer scam is arrested for robbery

A man convicted of fraudulently collecting thousands in donations for a cancer-stricken child and then using the money to buy drugs has been arrested for robbing a woman in Brooklyn, police said. Vincent Fina, 30, was arrested Tuesday in Brooklyn for the Dec. 12 attack, in which he snatched

Judge skeptical of partnership claims in Apollo Global suit

see also A Manhattan Bankruptcy Court judge has taken a skeptical view toward a claim by group of disgruntled executives who sued Leon Black’s Apollo Global over its takeover of a Dutch logistics company. The former Ceva Logistics executives claim Apollo, which owns the company, breached a partnership agreement when

Lawyer accused of trying to have Dem official killed

An eccentric Staten Island lawyer busted Friday in a fraud, kidnapping and extortion scheme also tried to have a Democratic Party official killed, according to court documents. see also In an application to deny bail to Richard Luthmann, acting Brooklyn federal Attorney Bridget Rohde said the attorney tried to hire

Controversial lawyer arrested for kidnapping, extortion

Controversial Staten Island lawyer Richard Luthmann has been arrested in an 11-count indictment alleging fraud, kidnapping and extortion. Luthmann and three accomplices were arrested by the FBI Friday morning on charges brought by Acting Brooklyn U.S. Attorney Bridget Rohde. The indictment alleges that Luthmann acted like a gangster — including

Tinder swindler sentenced to prison

A man who swindled Tinder dates out of thousands of dollars by lying about needing money for cancer treatment for family members was sentenced to two to six years in prison Wednesday. Brandon Kiehm, 37, scammed three women — including one while he was out on bail — as

Ex-NFL player gets 40 years for running $10M fraud scheme

RICHMOND, Va. — A former University of Virginia and pro football player has been sentenced to 40 years for running a $10 million fraud scheme that victimized more than 50 investors. Federal prosecutors say in a news release that 37-year-old Merrill Robertson Jr. of Chesterfield was sentenced Wednesday. He

Wells Fargo in hot water again for allegedly overcharging clients

Wells Fargo cheated many of its business clients by charging them higher than agreed upon fees, according to a report on Monday. The bank, already reeling from a series of fines and penalties caused by overly aggressive management goals, discovered that it had charged 265 of 300 examined foreign-exchange