bank fraud

Published on: December 4, 2020

Maryland Lawyer Charged in Scheme to Obtain Over $12.5 Million in Somali Government Funds

A Maryland lawyer faces charges for his alleged role in a scheme to fraudulently obtain more than $12.5 million in Somali government assets.

Jeremy Wyeth Schulman, 47, of Bethesda, Maryland, was indicted Wednesday on one count of conspiracy to commit mail fraud, wire fraud and bank fraud; three counts of wire fraud; one count of mail fraud; one count of bank fraud; one count of conspiracy to commit money laundering; and four counts of money laundering. It is unclear if he has acquired an attorney.

Published on: October 28, 2020

Tennessee Holistic Wellness Business Owner Charged in $700K Ponzi Scheme

by Brian Silber

The founder of a holistic wellness company in Tennessee was charged last week for allegedly scamming dozens of patients, financial institutions, and investors out of nearly $700,000.

Howard L. Young, 75, of Nashville, was charged with four counts of bank fraud, six counts of wire fraud, and aggravated identity theft. If convicted, he faces a fine of up to $1 million and up to 30 years in prison. The press did not name an attorney for him.

Published on: October 26, 2020

Five Individuals Charged for Allegedly Scamming $1.1 Million from COVID-19 Relief Program

by Brian Silber

The Department of Justice has announced charges against three Milwaukee men and two Chicago-area men accused of participating in a scheme to file fraudulent loan applications seeking more than $1 million in coronavirus (COVID-19) relief aid.

The defendants named in the indictment are: Thomas Smith, 46, of Milwaukee, Wisconsin; Stephen Smith, 42, of Milwaukee, Wisconsin; Robert Hamilton, 59, of Milwaukee, Wisconsin; Samuel Davis Jr., 40, of Chicago, Illinois; and Jonathan Henley, 52, of Chicago, Illinois. Four of the defendants are charged with bank fraud and money laundering, while Henley is charged with bank fraud only. It is unclear if any of the defendants has acquired legal counsel.

Published on: October 6, 2020

South Florida Rapper and Pennsylvania Man Charged for Role in $24 Million COVID-Relief Fraud Scheme

by Brian Silber

In one of the country’s largest coronavirus (COVID-19) relief fraud schemes, a South Florida rapper and a Pennsylvania tow truck operator have been accused of pocketing millions of dollars from a federal loan program meant for businesses impacted by the pandemic.

Diamond Blue Smith, 36, of Miramar, FL, and Tonye C. Johnson, 28, of Flourtown, PA, were charged with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. Attorney information was not available at the time of writing.

Published on: September 1, 2020

Two South Florida Men Accused of Using Fake Identities to Steal $3 Million in COVID-19 Relief Funds

by Brian Silber

Federal prosecutors in Miami are accusing two South Florida men of using synthetic and stolen identities to steal more than $3 million from a federal coronavirus (COVID-19) relief program.

Jean Renald Fleuridor, 41, of Weston, and Hasan Brown, 44, of Miami, are each facing conspiracy to commit bank fraud charges. It is unclear if they have acquired legal representation.