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Equipment Finance Advisor Search Results
News Stories (45 Results) - Fraud
Armando Binelo, 46, of Pigeon Forge, TN, pled guilty for his role in a 20-million-dollar leasing fraud scheme. Daniel Raymond, 54, of Mebane, previously pled guilty to conspiracy to commit mail fraud and wire fraud and was sentenced to 84 months in...
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April 22, 2024, 07:20 AM
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U.S. Attorney Trini E. Ross announced Paul Paredes, 52, of Rochester, NY, was arrested and charged by criminal complaint with wire fraud, money laundering and aggravated identity theft. The charges carry a mandatory minimum penalty of two years in...
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October 17, 2023, 07:22 AM
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On Sept. 6, 2023, United States District Judge Eldon E. Fallon sentenced Ashton J. Ryan, Jr., age 75, of Kenner, LA, to a term of imprisonment of 170 months following Ryans convictions for bank fraud and making false statements in bank records...
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September 12, 2023, 07:23 AM
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A Florida resident and dual citizen of the United States and Turkey pleaded guilty in the District of New Jersey to running an extensive operation over many years to traffic in fraudulent and counterfeit Cisco networking equipment, according to the...
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June 09, 2023, 07:25 AM
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LexisNexis Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud has increased significantly during the past 12 months, with many smaller banks, credit unions and...
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May 09, 2023, 07:10 AM
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Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that Jamie Petrone, 43, of Lithia Springs, GA, formerly of Naugatuck, CT, was sentenced by U.S. District Judge Vanessa L. Bryant in Hartford, CT, to 109 months...
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October 17, 2022, 07:22 AM
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The Securities and Exchange Commission charged Medallion Financial Corp., a Delaware company headquartered in New York, NY, and its President and Chief Operating Officer, Andrew Murstein of New York, NY, with illegally engaging in two schemes in an...
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January 03, 2022, 07:25 AM
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Damon Thomas Young, aka Morgan Sylvia, was sentenced for his fraud scheme to steal heavy equipment worth nearly $3 million from various dealers, while serving a 20-year state sentence as an inmate with the Georgia Department of Corrections.“Young...
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December 03, 2021, 07:23 AM
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A Southwest Georgia businessman and owner of a tractor supply company who pleaded guilty to orchestrating a complicated fraud involving millions of dollars of loans by multiple creditors was sentenced to prison and ordered to pay restitution to his...
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September 20, 2021, 07:25 AM
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A Southwest Georgia businessman and owner of a tractor supply company has pleaded guilty to orchestrating a complicated fraud involving millions of dollars of loans by multiple creditors.Rickey Carter, 60, of Nashville, Georgia, pleaded guilty to one...
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June 17, 2021, 07:10 AM
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A Missouri man pleaded guilty this week to rigging online bids submitted to the General Services Administration (GSA), the U.S. Department of Justice announced.According to court documents, Alan Gaines pleaded guilty to the one-count indictment filed...
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April 09, 2021, 07:25 AM
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LexisNexis Risk Solutions released its LexisNexis Risk Solutions 2020 True Cost of Fraud Study: Financial Services & Lending for the United States and Canadian financial services and lending sectors. The research provides a snapshot of pre- and...
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October 14, 2020, 07:05 AM
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The former Chief Financial Officer (CFO) of the Boston Grand Prix was arrested on charges that he failed to report income that he received from serving as executive with the Boston Grand Prix organization on his federal tax returns and for a scheme...
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September 30, 2020, 07:21 AM
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The Securities and Exchange Commission announced charges against a San Antonio-area businessman and his company for running a multimillion-dollar fraudulent scheme that victimized scores of investors, many of them retired San Antonio police officers...
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August 05, 2020, 07:25 AM
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Manhattan District Attorney Cyrus R. Vance, Jr., announced the guilty pleas of Etienne Uzac, former Co-Owner and Chairman of IBT Media, Inc. (IBT) a/k/a Newsweek Media Group, and William Anderson, former CEO of Christian Media Corporation (CMC) and...
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February 18, 2020, 07:22 AM
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The former Chief Operating Officer and Chief Financial Officer of Celadon Group Inc., a publicly traded transportation and trucking company headquartered in Indianapolis, IN, were charged in an indictment unsealed Dec. 5 for their alleged role in a...
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December 06, 2019, 07:30 AM
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U.S. Attorney James P. Kennedy, Jr. announced Robert Fisher, 79, of Daytona Beach, FL, who was convicted of conspiracy to commit wire fraud, was sentenced in Rochester, NY, to serve 18 months in prison by U.S. District Judge Elizabeth A. Wolford. The...
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September 04, 2019, 07:30 AM
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U.S. Attorney James P. Kennedy, Jr. announced Kyle Haynes, Bryan Day, Jason Haynes and David Haynes of the Daytona, FL area, were sentenced by U.S. District Judge Elizabeth A. Wolford in Rochester, NY, for their involvement in a fraud scheme to...
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July 29, 2019, 07:30 AM
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U.S. Attorney James P. Kennedy, Jr. announced David Haynes, Kyle Haynes and Bryan Day, all of Florida, pleaded guilty before U.S. District Judge Elizabeth A. Wolford involving a scheme to defraud the Xerox Corporation of more than $20 million. Kyle...
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November 07, 2018, 07:25 AM
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The Securities and Exchange Commission charged an equipment leasing company and its founder with defrauding investors in connection with sales of over $80 million in promissory notes.According to the SEC's complaint, between 2014 and 2017, Essex...
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June 08, 2018, 07:30 AM
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Michael Conway, the President of Choice Office Solutions LLC, was sentenced by United States District Judge William F. Kuntz to 4 years in prison. In February 2016, Conway had pleaded guilty to wire fraud in connection with a scheme where he forged...
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January 12, 2017, 07:22 AM
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A federal grand jury last week indicted two former Regions Bank employees for conspiracy in a $5 million bribery and wire fraud scheme, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Roger C. Stanton.A 39-count indictment...
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July 11, 2016, 07:19 AM
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Attorney General Eric T. Schneiderman announced the filing of a lawsuit against Northern Leasing Systems, Inc., a New York company, and several of its affiliated companies, including Lease Finance Group LLC, MBF Leasing LLC, Pushpin Holdings LLC and...
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April 14, 2016, 07:35 AM
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The Securities and Exchange Commission charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios. The Rhode Island Economic...
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March 08, 2016, 08:00 AM
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On February 18, 2016, Michael Conway, the President of Choice Office Solutions LLC, pleaded guilty to wire fraud in connection with a scheme where he forged numerous lease agreements to defraud an individual investor and De Lage Landen Financial...
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February 19, 2016, 07:16 AM
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Brooklyn District Attorney Ken Thompson announced that the owner of an optical store in Park Slope, Brooklyn, and the owner of a dealership that specializes in the sale of medical equipment have been variously charged in a 148-count indictment for...
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December 04, 2015, 07:36 AM
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Bart A. Witsman, 40, of Murfreesboro, Tennessee, former Chief Financial Officer of Vermeer (Tennessee), Inc., was sentenced on September 21, 2015, by United States District Court Judge Todd J. Campbell, to 44 months in prison, to be followed by a...
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September 29, 2015, 07:16 AM
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Michael Conway, the President of Choice Office Solutions LLC (Choice Office), was arrested on September 9, 2015 on charges of wire fraud and aggravated identity theft in connection with a scheme where he forged lease agreements to defraud an...
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September 10, 2015, 07:16 AM
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On August 18, 2015, John Murphy, the former Chief Executive Officer of Oak Rock Financial, LLC (Oak Rock), was sentenced in federal court in Central Islip, New York to 97 months of imprisonment. In December 2013, Murphy pled guilty to bank fraud...
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August 21, 2015, 07:18 AM
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A Yardley, Pennsylvania, man was sentenced on Monday, July 27, 2015 to 30 months in prison for using his position at a Freehold, New Jersey, office equipment leasing company to defraud clients out of more than $600,000, U.S. Attorney Paul J. Fishman...
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July 28, 2015, 07:19 AM
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According to an article posted on The North Bay Business Journal website, attorneys and accountants working on the Warren Capital fraud case billed a total of more than $818,000 through January 2015, according to new documents received by The North...
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March 24, 2015, 07:09 AM
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Conner Eldridge, United States Attorney for the Western District of Arkansas, announced that Andrew C. Judkins of Bixby, Oklahoma, formerly of Fayetteville, was found guilty on two counts of Bank Fraud following a five day jury trial. During the...
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March 10, 2015, 07:21 AM
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According to a report from the Star Ledger, GE Capital is seeking to obtain an order allowing it to seize medical equipment from a New Jersey medical imaging company accused of operating an $8 million Medicaid fraud scheme. The collateral includes...
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September 26, 2014, 07:14 AM
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Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Neosho, Mo., man was sentenced in federal court today for stealing more than $4.9 million from his employer.David VanWinkle, 61, of Neosho, was sentenced...
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September 22, 2014, 07:07 AM
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According to the Courier-Post, Lease Group Resources Inc. (LGR) of Mount Holly, New Jersey, the equipment-leasing company at the center of an alleged $8.8 million bank fraud currently has assets of about $600,000, a court-appointed receiver says.The...
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July 07, 2014, 07:00 AM
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The CEO of Lease Group Resources, Inc. was arrested on June 24th for allegedly orchestrating a large scale check-kiting scheme that caused $8.8 million in losses to three banks in New Jersey, U.S. Attorney Paul J. Fishman announced. Luis G. Rogers Sr...
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June 26, 2014, 07:00 AM
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Rodney Watts, the former chief investment officer of GDC Acquisitions LLC (GDC), was sentenced on April 24, 2014 in federal court in Brooklyn, New York, to 37 months in prison, to be followed by five years of supervised release. As part of the...
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April 28, 2014, 07:00 AM
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A former partner of a Freehold, New Jersey-based office equipment leasing company admitted stealing more than $600,000 in a fraudulent loan scheme, U.S. Attorney Paul J. Fishman announced. Jason Lee Lum, 35, of Yardley, Pennsylvania, pleaded guilty...
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April 10, 2014, 07:04 AM
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Manhattan District Attorney Cyrus R. Vance, Jr., announced the indictments of Steven Davis, Stephen DiCarmine, Joel Sanders, and Zachary Warren. The first three defendants were, respectively, the Chairman, the Executive Director, and the Chief...
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March 07, 2014, 07:02 AM
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According to a press release issued by the U.S Attorney's Office - Northern District of Illiniois, an owner of a bankrupt Palatine company that sold refurbished semiconductor-making machinery and the owner of a Pennsylvania company that sold machine...
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March 03, 2014, 07:07 AM
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The second leader of the Equipment Finance Inc. loan fraud was sentenced on Wednesday, September 12 to 20 years in prison. Michael J. Schlager also was ordered to pay restitution of $53 million by U.S. District Judge Paul S. Diamond in...
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September 13, 2012, 06:13 AM
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The Philadelphia Inquirer reported Joseph M. Braas, the former CEO of Equipment Finance Inc., was sentenced Tuesday, September 11, 2012 in Philadelphia to 15 years in federal prison for a wide-ranging fraud that brought down the Bank of Lancaster in...
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September 12, 2012, 06:57 AM
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The Pittsburg Post-Gazette reported the son and wife of former Le-Nature's Inc. CEO Gregory J. Podlucky were sentenced to nine and four years in prison, respectively, ending the criminal cases associated with the Latrobe beverage maker's...
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April 27, 2012, 06:30 AM
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Bloomberg reported that BCI Aircraft Leasing Inc. and its principal, Brian Hollnagel, were found guilty by a federal court jury of engaging in a fraudulent $50 million financing scheme, Chicago U.S. Attorney Patrick Fitzgerald said. He faces as long...
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March 15, 2012, 08:15 AM
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The owner of a purported medical equipment company based in New Jersey pleaded guilty in connection with his role in a $135 million phony lease scheme, U.S. Attorney Paul J. Fishman announced.
Bruce Donner, 52, of Berkeley Heights, N.J., owner of...
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October 07, 2011, 05:03 PM
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