Woman Admits To Stealing Over $3,000,00 in Washington State Bank Fraud Scheme

A woman in Washington State has pleaded guilty to charges of wire fraud and bank fraud in a scheme that defrauded victims of millions. The case involves a fake investment advisor who targeted the Korean community including many elderly people, says the U.S. Department of Justice (DOJ). Jenni Yoon Jeong Lee, 53, of Federal Way […] The post Woman Admits To Stealing Over $3,000,00 in Washington State Bank Fraud Scheme appeared first on The Daily Hodl.

DOJ reviews legal authority for the US Strategic Bitcoin Reserve with federal agencies. Treasury and Commerce continue discussions over oversight of national Bitcoin holdings. Congress considers BITCOIN and ARMA Acts to establish the reserve through legislation. The U.S. Department of Justice is working with the Treasury and Commerce departments to establish a Strategic Bitcoin Reserve […] The post DOJ Advances US Strategic Bitcoin Reserve With Treasury, Commerce appeared first on Live Bitcoin News.

A sprawling bank fraud conspiracy has resulted in federal charges against 13 individuals for diverting more than $1 million through stolen checks. The group operated out of New York, stealing checks and using them to victimize residents, businesses and financial institutions, says the U.S. Department of Justice. The 14-count indictment details how the defendants allegedly […] The post New York Bank Fraud Ring Indicted for Over $1,000,000 in Stolen Checks appeared first on The Daily Hodl.

Residents in one part of Washington state have lost more than $673,000 to scams in just three days. The Clallam County Sheriff’s Office says an 84-year-old victim lost $420,000 after scammers impersonating Microsoft and the FTC convinced the person to buy gold and hand it over. Another person lost $50,000 via a phishing email that […] The post Washington State Residents Lose $673,500 to Sophisticated Bank Scams in Three Days appeared first on The Daily Hodl.

A man has admitted to stealing over $85,000 from people’s bank accounts on the East Coast. Scott Bagley of Bangor, Maine, has pleaded guilty to conspiring with others to impersonate legitimate bank account holders to obtain money from their accounts, says the U.S. Department of Justice. The scheme involved accessing and draining funds from multiple […] The post Man Drains $85,100 From East Coast Bank Accounts by Impersonating Legitimate Customers – Here’s How He Got Caught appeared first on The Daily Hodl.

A man in Massachusetts is heading to prison for bank fraud involving the theft of over $700,000 in U.S. Treasury checks. Nnamdi Opara, 31, of Woburn, pleaded guilty to two counts of bank fraud and five counts of money laundering, says the U.S. Department of Justice. Opara “wrongfully obtained” two Treasury checks issued to a […] The post Man in Massachusetts Admits To Stealing $700,767 in Treasury Checks, Orchestrating Bank Fraud Scheme: DOJ appeared first on The Daily Hodl.

A New Jersey man is heading to federal prison for his role in a multi-million-dollar bank fraud conspiracy. Rajendra G. Parikh has been sentenced to two years in prison, convicted of fraudulently obtaining more than $35 million in SBA-guaranteed loans from financial institutions to purchase and flip hotels. The FDIC Office of Inspector General says […] The post New Jersey Man Sentenced in Multi-Million Dollar Bank Fraud Conspiracy appeared first on The Daily Hodl.

A jury has found a former Wells Fargo employee in Mesa, Arizona guilty of embezzling $655,000 from the bank. The U.S. Department of Justice says Brooke McDonough, formerly known as Brooke Taylor, has been sentenced to 48 months in prison, followed by three years of supervised release. Court documents show prosecutors accused the 35 year-old […] The post Wells Fargo Employee Drains $655,000 From Bank’s Vaults and ATMs, Manipulates Monthly Audits To Cover Tracks: DOJ appeared first on The Daily Hodl.