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Tag: bank fraud

Trump’s Ex-Attorney Cohen May Be Charged with Fraud by End of Month

Longtime Trump attorney Michael Cohen.

By Steve Neavling
Ticklethewire.com

Federal prosecutors who are investigating President Trump’s former lawyer Michael Cohen for bank and tax fraud are considering filing charges by the end of the month.

The New York Times revealed Sunday that investigators “have have zeroed in on well over $20 million in loans obtained by taxi businesses that he and his family own,” citing people familiar with the probe. 

Prosecutors also are investigating whether Cohen violated campaign finance laws when he arranged hush money for women who said they had affairs with Trump.

The FBI raided Cohen’s office, hotel room and home in April, provoking outrage from the president, who called the searches an “attack on the country.”

Trump and his lawyers fear Cohen could strike a plea deal with prosecutors in exchange for information on Trump.

Con Man Wanted Hitmen to Store Heads of Judge, Prosecutor in Formaldehyde Until His Release

Steve Neavling
ticklethewire.com

Joseph Romano, a convicted con man, wanted revenge for being sentenced to 15 years behind bars.

So much so, reports the New York Daily News, that he tried to hire hitmen to torture and decapitate the judge and prosecutor who oversaw his case in New York.

An added bonus to the killers: Store their heads in formaldehyde until Romano’s release from prison, according to the Daily News, citing authorities at a court hearing Tuesday.

Romano, 49, was convicted in 2010 of wire and bank fraud in connection with a scheme to sell collectible coins at outrageously inflated prices.

Texas Financier R. Allen Stanford Convicted in $7 Billion Fraud

R. Allen Stanford

By Allan Lengel
ticklethewire.com

All the riches in the world, and no where to go but prison.

A fed jury in Houston on Tuesday convicted wealthy Texan R. Allen Stanford,61,  on 13 of 14 counts that involved allegations that he ran a $7 billion fraud through an offshore bank, the Houston Chronicle reported. Family members wiped away tears as the verdict was read, according to the paper.

The conviction is likely to keep him behind bars for quite a while.

The charges included conspiracy, fraud, obstruction and money laundering. The counts of which he was found guilty carry total penalties of 230 years.

To read more click here.

Democratic Fundraiser Convicted in $21 Million Bank Fraud Scheme

By Allan Lengel
ticklethewire.com

A fed jury in Brooklyn on Friday convicted Democratic fundraiser Courtney Dupree in a scheme to get $21 million in fraudulent loans.

Dupree, the CEO of the Long Island-based, GDC Acquisitions, a holding of company, was charged with grossly overstating the firm’s billings to fraudulently obtain a $21 million loan from Amalgamated Bank. The jury acquitted Thomas Foley, GDC’s former chief operating officer.

The case garnered some publicity for various reasons.

Ex-Green Bay Packer running back Dorsey Levens and Robert Holland, ex-CEO of Ben and Jerruy’s ice cream, testified as character witnesses for Dupree.

And defense attorney Roscoe C. Howard Jr, the former D.C.  U.S. Attorney, accused the FBI and U.S. Attorney’s Office of illegally obtaining documents in the case, then lying about it.

Howard raised the issues in a Dec. 21 letter filed in court and addressed to presiding U.S. District Judge Kiyo A. Matsumoto. He had asked the judge to suppress any illegally obtained materials.

The judge this past week rejected that request and the case went forward.

The government press release after the conviction stated:

“This case was brought in coordination with President Barack Obama’s Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. ”