Allen Stanford

Fallen Financier Allen Stanford Convicted In $7 Billion Ponzi Scheme

Nick R. Martin | March 6, 2012, 1:19PM

Update: March 6, 2012, 2:46 PM

The spectacular fall of former Houston billionaire Allen Stanford reached its long sought conclusion on Tuesday as a federal jury found him guilty of running a $7 billion Ponzi scheme.

Read more »

Medicare Fraud

Feds Accuse Texas Doctor Of Largest Medicare Fraud In US History

Nick R. Martin | February 28, 2012, 1:39PM

A Texas doctor was accused Tuesday in the largest Medicare fraud case in US history, with federal prosecutors charging him with scamming the government with $375 million in phony billings.

Read more »

Gay Rights

Anti-Gay 'Pastor': Gay Activists Behind My Six Fraud Charges

Jillian Rayfield | October 3, 2011, 5:55AM

An anti-gay activist in Montana who describes himself as a pastor says that the six theft, fraud and conspiracy charges he was slapped with may have been the work of gay activists.

Read more »

Health Care

Private Health Care Provider Settles Over Massive Fraud Scheme

David Stern | September 15, 2011, 4:00PM

Image by Mike Flippo / Shutterstock

Maxim Healthcare Services agreed to a wide-ranging Deferred Prosecution Agreement (DPA) with federal and state authorities on charges that the company participated in a conspiracy to commit health care fraud, the Department of Justice announced this week. The criminal complaint against Maxim details how the company allegedly defrauded Medicaid and Veterans Affairs programs through false billings from 2003 to 2009.

As a private health care service provider, Maxim primarily provides home health care services and medical staffing to hospitals and assisted living facilities. As part of the DPA, Maxim signed a Statement of Facts agreeing with the allegations made in the complaint - the text of which suggests the extent of the company's fraud may have affected the quality of care it provided.

Read more »

Kwame Kilpatrick

Feds Indict Former Detroit Mayor Kwame Kilpatrick

Rachel Slajda | December 15, 2010, 3:52PM

Former Detroit Mayor Kwame Kilpatrick

According to local news reports, former Detroit mayor Kwame Kilpatrick has been indicted on federal corruption charges.

Kilpatrick was charged along with his father, Bernard Kilpatrick, and several other former city officials: city contractor Bobby Ferguson, former top Kilpatrick aide Derrick Miller and former water department chief Victor Mercado, according to the Free Press.

According to the Detroit News, the men are being charged under Racketeer Influenced and Corrupt Organizations, or RICO, a law usually used to prosecute mobsters and other perpetrators of organized crime.

Read more »

Alan Mendelsohn

Major Florida GOP Donor Pleaded Guilty In Fraud Scheme

Ryan J. Reilly | December 10, 2010, 11:32AM

Alan Mendelsohn

A Florida doctor who raised millions of dollars for Republicans and advised Gov. Charlie Crist pleaded guilty Thursday to tax fraud, mail fraud and making false statements for his role in a fraud scheme involving lobbying and fundraising for political candidates and organizations.

Alan Mendelsohn admitted that he and his co-conspirators siphoned approximately $330,000 from the political entities -- both directly in the form of third-party payments -- for Mendelsohn's benefit from 2003 through 2008, according to the Justice Department.

Some of that money was used to buy a love-nest for him and his mistress, as well as a car for the mistress, prosecutors had charged. Mendelsohn also admitted to failing to report $82,000 in political donations that he secretly gave to a former state senator. All in all, Mendelsohn underreported his taxable income by over $600,000, said DOJ.

Read more »

Broward

7 Cops And An FBI Agent Charged In Florida Mortgage Fraud Ring

Eric Lach | July 8, 2010, 1:20PM

Street sign in Broward County, Florida.

Federal prosecutors in Florida have accused eight current and former law enforcement officers, along with a group of attorneys and mortgage brokers, with falsifying documents to obtain $16.5 million in loans in order to buy and flip real estate, reports the Miami Herald.

Read more »

Bernard Kerik

Kerik Sentenced To Four Years For Tax Fraud, Lying To White House

Justin Elliott | February 18, 2010, 12:17PM

Fmr. NYC Police Commissioner Bernard Kerik

Former New York Police Commissioner Bernie Kerik was sentenced today to four years in prison for lying during his vetting to be secretary of homeland security and tax fraud charges arising in part from renovations on his apartment paid for by a company looking for a city license.

The sentence exceeded the 27 to 33 months sought by prosecutors.

Read more »

Fraud

AP: 2009 Was The Year Of The Collapsing Ponzi Scheme

Justin Elliott | December 28, 2009, 6:07PM

Bernie Madoff, Scott Rothstein, and Allen Stanford

Over 150 Ponzi schemes collapsed this year, up from just 40 last year, according to a new and, for TPMmuckraker readers, totally unsurprising tally by the AP.

The wire service reports:

Read more »