Elderly South Florida mobster Thomas Farese at the top of $93 million healthcare fraud, feds say
Dan Christensen, 04 May 2021
Since the 1970s mobster Tommy Farese has been a recurring character on the pages of South Florida newspapers.
So it was surprising when the reputed Colombo family consiglieri didn’t make the Sun-Sentinel last week for his latest alleged caper: a $93-million health care fraud scheme.
Thomas Ralph Farese, also known as “Tom Mix,” is 78 years old now and living in Delray Beach. But instead of wiling away his golden years playing shuffleboard, Farese was out front in a pair of huge kickback schemes involving “durable medical equipment and genetic cancer screening,” according to the Justice Department. Continue reading “Article: Elderly South Florida mobster Thomas Farese at the top of $93 million healthcare fraud, feds say”
Two Ex- Deutsche Bank traders found guilty of spoofing gold and silver markets
Neils Christensen, 27 September 2020
U.S. authorities, in an effort to clean up trading activity in the precious metals markets, won a major victory Friday after two former employees of Deutsche Bank traders were found guilty of manipulating gold and silver prices.
Friday, after a two-week court case a federal judge in Chicago found James Vorley, 42, of the United Kingdom, and Cedric Chanu, 40, of France and the United Arab Emirates, were convicted of three counts and seven counts, respectively, of wire fraud affecting a financial institution.
“Today’s jury verdict shows that those who seek to manipulate our public financial markets through fraud will be held accountable by juries and the department,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division in a press release. Continue reading “Article: Two Ex- Deutsche Bank traders found guilty of spoofing gold and silver markets”
J.P. Morgan is only the start as DOJ and CFTC crack down on spoofing
Kitco News, 19 September 2019
Three traders charged with manipulating precious metals markets for nearly a decade could be only the start of a larger market-wide crackdown on previously-unchecked illegal market behavior.
According to media reports, federal prosecutors and regulators are intensifying their investigations of allegedly fraudulent precious metals trades at J.P. Morgan Chase to other U.S. markets and financial firms.
Read full article.