Former Madoff Controller to Forfeit $170 Billion

On November 8, 2012, the US Attorney’s Office for the Southern District of New York reported that Irwin Lipkin pled guilty to multiple counts of conspiracy to commit securities fraud, falsifying records, false filings with the SEC, and falsifying documents required by the ERISA.  Lipkin was the former controller of Bernard ...

VP of Carter’s Inc Indicted for Insider Trading Scheme

The US Attorney’s Office for the Northern District of Georgia recently announced that Eric M Martin of Roswell, Georgia, was charged for conspiracy, wire fraud, and securities fraud.  Martin was the former vice president of investor relations for Carter’s Inc—a large children’s clothing company.   According ...

Chiropractor Helped Stage Accidents to Commit Mail Fraud

On November 5, 2012, the US Attorney’s Office for the Southern District of Florida reported that Jennifer Adams of Boca Raton was charged for conspiring with others to stage accidents and commit mail fraud.   Sentencing is not yet scheduled, but Adams faces up to 20 years in prison, three years of supervised release ...

Loan Originator Receives 10 Years in Federal Prison

On November 7, 2012, the U.S. Attorney’s Office for the District of Arizona reported that Thomas Gregory Alexander of San Diego, California, was sentenced to 10 years in federal prison and five years of supervised release after he pleaded to wire fraud and conspiracy to engage in wire fraud.  Alexander was also ordered to ...

State Driver’s License Examiner Accepted Bribes

On November 6, 2012, the US Attorney’s Office for the Middle District of Tennessee announced that Larry Murphy of Antioch, Tennessee pleaded guilty to bribery charges.  He was charged with accepting more than $5,000 for issuing driver’s licenses and permits.  Murphy worked with the Tennessee Department of Safety ...

Businessman Charged with Wire Fraud after BP Oil Spill

On November 1, 2012, the US Attorney’s Office for the Eastern District of Louisiana announced that Bay E. Ingram of Covington, Louisiana, was charged with conspiracy to commit wire fraud after the BP oil spill occurred in the Gulf of Mexico in April of 2010.  Ingram owned the Southeast Recovery Group (SRG) which is a company ...

Missouri Hospital Agrees to Pay $9.3M for False Claims

On November 5, 2012, the Department of Justice announced that Freeman Health System in Joplin, Missouri, agreed to pay $9,316,139 after it violated the False Claims Act and the Stark Law.  The violations occurred after the hospital provided incentive pay to physicians in a way that violated federal laws.   The Stark ...

Real Estate Investor Rigged Public Foreclosure Auctions

On November 1, 2012, the Department of Justice announced that a real estate investor in Northern California agreed to plead guilty for conspiring to rig bids at public real estate foreclosure auctions and commit mail fraud as well.  The man’s name is Norman Montalvo, and he is from Concord, California.   Montalvo ...

Recovery after Sandy Increases Chance of Disaster Fraud

Citizens always want to give funds to victim assistance programs after a natural disaster such as Hurricane Sandy, but people in the United States should be aware of disaster relief fraud before making any contributions.  The FBI and the Department of Justice want suspected cases of fraud or suspicious activity to be reported to ...

Woman Defrauded Nazi Persecution Reparation Program

On October 19, 2012, the US Attorney’s Office for the Southern District of New York made clear that Polina Breyter would spend the next 58 months in prison for defrauding the Conference of Jewish Material Claims Against Germany, Inc out of $57.3 million.   According to court documents, the Claims Conference is a not-for-profit ...

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