Article: President of ice cream manufacturer pleads guilty to $1.8 million fraud, tax crime

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President of ice cream manufacturer pleads guilty to $1.8 million fraud, tax crime

Department of Justice, 16 July 2021

COLUMBUS, Ohio – Timothy L. Miller, 55, of Gahanna, Ohio, pleaded guilty in U.S. District Court to one count of wire fraud and two counts of filing a false income tax return. Miller was charged by Bill of Information on April 26, 2021.

According to court documents, from July 2015 through December 2017 Miller was president of Big Drum USA LTD, an ice cream manufacturer located in Columbus, Ohio. Miller fraudulently withdrew $1,797,127.49 from a Big Drum bank account. The withdrawals consisted of the purchase of cashier’s checks made payable directly to casinos, debit card transactions involving hotels and casinos, and cash withdrawals in Ohio, Nevada, Utah, Iowa, Pennsylvania, California, and Ontario, Canada. Miller concealed his actions by logging the transactions as “petty cash” or “loans” in the ledgers of Big Drum. Continue reading “Article: President of ice cream manufacturer pleads guilty to $1.8 million fraud, tax crime”

Article: Department of Justice Begins Third Distribution of Forfeited Funds to Compensate Victims of Fraud Scheme Facilitated by Western Union

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Department of Justice Begins Third Distribution of Forfeited Funds to Compensate Victims of Fraud Scheme Facilitated by Western Union

Department of Justice, 30 June 2021

The Department of Justice announced today that the Western Union Remission Fund began its third distribution of approximately $66 million in funds forfeited to the United States from the Western Union Company (Western Union) to approximately 6,000 victims located in the United States and abroad. These victims, many of whom were elderly victims of consumer fraud, will be recovering the full amount of their losses.

This is the third in a series of distributions. The first two distributions paid more than $300 million to over 142,000 victims, all of whom received full compensation for their losses. The Department of Justice anticipates authorizing compensation for more victims in the coming months. Petitions are accepted on an ongoing basis and potential victims who have not applied for compensation will be provided the opportunity to apply this year. Continue reading “Article: Department of Justice Begins Third Distribution of Forfeited Funds to Compensate Victims of Fraud Scheme Facilitated by Western Union”

Article: Fortville woman convicted in $1.2M fraud case

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Fortville woman convicted in $1.2M fraud case

Kristy Deer, 09 June 2021

HANCOCK COUNTY — A Fortville woman accused of working with co-conspirators overseas in a scheme that scammed deaf and elderly people across the country out of about $1.2 million has been convicted on multiple federal charges in a federal court in Harrisburg, Pennsylvania.

Donna L. Summerlin, 62, Fortville, was found guilty late last week following a seven-day jury trial held before United States District Court Judge Jennifer P. Wilson, the Department of Justice announced in a news release. The case, dating to 2018, was brought by the U.S. District Attorney’s Office for the Middle District of Pennsylvania.

Summerlin, who was convicted of conspiracy to commit mail fraud and wire fraud and conspiracy to commit money laundering, faces a long prison sentence.

According to acting U.S. Attorney Bruce D. Brandler, Summerlin was charged with taking money from victims in a so-called advance-fee scheme. Many of the victims were either elderly, deaf or both.

In the schemes, victims were contacted through Facebook and told they were winners of a “deaf lottery” or that they had been selected for special and exclusive government grants or other programs.

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Article: Owner Of Carlisle Area Trucking Business Charged With Covid-Relief Fraud

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Owner Of Carlisle Area Trucking Business Charged With Covid-Relief Fraud

Department of Justice, 04 June 2021

HARRISBURG- The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Keith McConnell, age 43, of Carlisle, Pennsylvania, was charged by criminal information with perpetrating a wire fraud and money laundering scheme that sought $467,200.00 in COVID-19 relief funds guaranteed by the U.S. Small Business Administration through the Paycheck Protection Program (PPP).

The PPP was designed to help small businesses facing financial difficulties during the COVID-19 pandemic. Funded by the March 27, 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act, PPP funds were offered in forgivable loans to small businesses for employee job retention and certain other expenses. PPP loan amounts were determined by the number of employees and average monthly payroll costs. Continue reading “Article: Owner Of Carlisle Area Trucking Business Charged With Covid-Relief Fraud”

Article: Federal Prosecutors allege credit union CEO embezzled $2M

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Federal Prosecutors allege credit union CEO embezzled $2M

ACG, 23 March 2021

In May 2017, five months after Stacey Shaw became president and CEO of the International Brotherhood of Electrical Workers Local Union 712 Federal Credit Union in Beaver, Pennsylvania, she opened credit cards issued by the union. Federal prosecutors allege she made more than $2 million in charges and cash advances through March 2020, according to a report in the Pittsburgh Post-Gazette.

Court documents filed by prosecutors in U.S. District Court in Pittsburgh charged Shaw with one felony count of embezzlement from a federal credit union and two felony counts of failing to file federal income tax returns. Continue reading “Article: Federal Prosecutors allege credit union CEO embezzled $2M”

Article: Rule of Law Collapsed in USA – Martin Armstrong

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Rule of Law Collapsed in USA – Martin Armstrong

Greg Hunter,  26 February 2021

Legendary financial and geopolitical cycle analyst Martin Armstrong says now that the stolen election is over, get ready for lawlessness to reign. We start with the Supreme Court that refused to hear the Trump case on Pennsylvania voting fraud. There are three more 2020 Election voter fraud cases pending at the nation’s highest court. Armstrong says, “I don’t think they are going to take any of them. Look, the rule of law has absolutely collapsed in the United States. It’s just a joke at this point. . . . You swear an oath to uphold the Constitution. It’s not whenever you feel like it. . . . This is not only a denial of due process but the civil rights of everybody in the country. They effectively said Pennsylvania changed the rules against the (state) legislature in the middle of an election, and we are not going to hear the case. So, they are effectively saying politicians can change the rules of an election at any time, and it doesn’t have to be constitutional. Refusing to take this case is a disaster because next election they can choose to do the same thing at any time.” Continue reading “Article: Rule of Law Collapsed in USA – Martin Armstrong”

Article: Steve Cohen – “The Hedge Fund King”

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Steve Cohen – “The Hedge Fund King”

One of the biggest stories in recent Wall Street history was the insider trading scandal centred around Steve Cohen’s SAC Capital Advisors. In July 2013, SAC was charged by the US Securities and Exchange Commission for failing to prevent insider trading, which led to a $1.2 billion fine and the firm agreeing to stop managing funds for outsiders.

Yet, Cohen himself managed to escape imprisonment, on the grounds that prosecutors lacked proof that he knew the trades in question, which were perpetrated by former SAC manager Mathew Martoma, were based on inside information, despite personally signing off on the deals.

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