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.
A Manchester resident who led a $5 million lottery and romance fraud scheme has been sentenced to 14 years in prison.
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.
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.
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.
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.
An Ohio woman has pleaded guilty in federal court to using skimming equipment on ATMs to read customers’ card numbers, including some in Connecticut.
The bookkeeper for a Mystic developer and property owner has admitted to embezzling over $400,000 from the company.
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.
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.
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.
A Hartford man was sentenced in Hartford yesterday to 14 months of imprisonment for violating the conditions of his supervised release.
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.
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.
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.
The Connecticut Supreme Court on Friday overturned the campaign fraud convictions of former Bridgeport state Sen. Ernest Newton II and ordered a new trial for the outspoken Democrat
Nearly all financial service firms have experienced some sort of fraud within the last two years, whether it’s identity theft or new account fraud, synthetic identity fraud or account takeover fraud.
William Lieberman, 42, of Boca Raton, Florida, was sentenced Friday to 84 months of imprisonment, followed by three years of supervised release, for his role in a securities fraud scheme.
Digital channels are very attractive to financial institutions because the online and mobile channels enable FIs to offer products and services much more cheaply than in a branch or contact center environment.