A permanent ban from consumer financial products and industries and a civil money penalty (CMP) of $500,000 are being sought in a final judgment that alleges a Chicago-based firm knowingly processed payments for companies engaged […]
Three individuals have been charged for their participation in a conspiracy to fraudulently obtain more than $3 million in loans from a financial institution’s New York branch under the Paycheck Protection Program (PPP) and Economic […]
A webinar focusing on consumer financial protections for military servicemembers and their families is slated July 28 by the National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and Federal Trade Commission (FTC). The […]
The owner of a wedding planning company last week pleaded guilty to filing fraudulent loan applications seeking more than $3 million in forgivable Paycheck Protection Program (PPP) loans and used the proceeds he did receive […]
A former mortgage banker from Oklahoma pleaded guilty Tuesday in federal court to defrauding two local banks, mortgage giant Fannie Mae and others through an allegedly broad range of fraudulent conduct over three years, the […]
Prosecution of fraud cases related to Paycheck Protection Program (PPP) loans continues to be the focus of law enforcement, with federal authorities recently reporting guilty pleas in a $10 million deception, and in a fraud […]
An advisory warning financial institutions of a proliferation of fraud schemes tied to health care or health insurance services bought and paid for amid the COVID-19 pandemic was issued Tuesday by the Treasury Financial Crimes […]
The former CEO of a New Orleans bank, three other executives of the institution, and a borrower have all been indicted by a federal grand jury for defrauding the bank, which ultimately failed in 2017. […]
Five individuals – three from Milwaukee, Wis., and two from Chicago – have been indicted for their alleged participation in a scheme to file fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck […]
A series of fraud schemes against financial institutions and others totaling more than $30 million earned a former Aurora, Mo., business owner eight years in prison – with no parole – and an order to […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info