Scammed If You Do, Scammed If You Don’t
I’ve decided to put my 50-plus years of writing about the housing business to work by offering my faithful readers a free online seminar on how to get rich in real estate without hardly trying.
CT Developer Sentenced for Florida Scheme
A Connecticut real estate developer who pleaded guilty to defrauding investors in a Florida real estate development will spend almost five and a half years in prison.
Fraud, Fraud, Everywhere Fraud
While late-night TV scams and robocall schemes are coming under increased scrutiny by state and federal officials, new real estate-related swindles continue to come to light.
Fraud, Scam Cases Increasing on Zelle, Senate Report Finds
Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.
Stamford Business Owner Sentenced for PPP Fraud
A Stamford business owner has been sentenced to more than three years in prison for a Paycheck Protection Program fraud scheme that involved more than $4 million in loans from M&T Bank and Citibank.
Manchester Resident Receives 14 Year Sentence in Fraud Scheme
A Manchester resident who led a $5 million lottery and romance fraud scheme has been sentenced to 14 years in prison.
Settlement for Company Involved in Mortgage Education Fraud Scheme
The owner of a California-based mortgage education course provider has agreed to cooperate with state agencies investigating loan originators who allegedly avoided taking required classes to maintain their mortgage licenses. Danny Yen, owner of Real Estate Educational...
Stamford Man Pleads Guilty to PPP Fraud
A Stamford man pleaded guilty in federal court last week to providing false information to banks and receiving more than $4 million in Paycheck Protection Program loans.
The Most Popular Banking and Lending Stories of 2019
2019 ends today, and what a year it was for Connecticut lenders. Here are the five real estate stories that you, our readers, read the most this year.
Financial Fraud More Fraught When Perpetrator is Known
When it comes to identity theft and other financial fraud, the perpetrator is sometimes close to home. Experts say theft by a family member or acquaintance is vastly underreported and is a difficult problem to solve.
How Banks Can Help Protect Seniors’ Homes
Elder financial abuse is “widespread and damaging,” with the average victim losing $41,000, and almost one in 10 losing more than $100,000. Sadly, the culprits are most often family members, but banks have ways to protect their older clients.
Ohio Woman Pleads Guilty to ATM Skimming in Fairfield County
An Ohio woman has pleaded guilty in federal court to using skimming equipment on ATMs to read customers’ card numbers, including some in Connecticut.
Colchester Woman Pleads Guilty to Stealing from Mystic Real Estate Firm
The bookkeeper for a Mystic developer and property owner has admitted to embezzling over $400,000 from the company.
Man Indicted for Fraud, Embezzlement
A New York man who ran a Connecticut-based nonprofit designed to find support and resources for people with chronic pain issues has pleaded guilty to embezzling about $1.5 million from the organization.
Marina Owner Admits Lying to the SBA to Receive Disaster Loan
An Old Saybrook man has waived his right to be indicted and pleaded guilty before U.S. District Judge Michael P. Shea in Hartford to one count of making false statements for the purpose of obtaining a Small Business Administration loan.
Waterbury Man Found Guilty of Fraud and Money Laundering
A Waterbury man has been found guilty of 21 fraud and money laundering offenses stemming from an investment scheme that defrauded victims of approximately $1.5 million.
Credit Card Fraudster Sentenced for Violating Supervised Release
A Hartford man was sentenced in Hartford yesterday to 14 months of imprisonment for violating the conditions of his supervised release.
Caribbean Real Estate Dream Turns into $100M Nightmare
Ever fantasize about fleeing the winter cold and getting in on the ground floor of a beachfront real-estate deal in which you double your money in a few years? If you’ve dreamed that dream, here’s how it could turn nightmarish.
Tobacco Wholesaler Admits Role to Defraud State of Connecticut
Rishi Malik, 46, of Fairfield, plead guilty today in New Haven federal court to charges related to role in a conspiracy to defraud the state of Connecticut of millions of dollars in taxes due on tobacco products imported into the state.
Father, Son Plead Guilty to $27M Health Care Scam
A father and son from California have pleaded guilty for their roles in a scheme that defrauded more than $27 million from Affordable Care Act programs in at least 12 states, including Connecticut.
