LexisNexis® Legal Newsroom
The Week in Securities Litigation: Jury Begins Deliberations In Stanford Ponzi Scheme Case, SEC Announces 2 Partial Settlements

This week the jury began deliberations in the Robert Allen Stanford Ponzi scheme case without hearing from Mr. Stanford despite promises to the contrary from defense counsel at the beginning of the trial. Granger announced an SEC FCPA probe centered on the use of gift cards in China. The Chairman...

Workers' Comp Fraud Blotter (8/16/2012) – Hotel Employee Who Could Not Use a Restroom Without Assistance Was Able To Play Billiards

Each week we'll be surveying what the media, state agencies, insurance companies, and others report in terms of workers' comp fraud. Just like a police blotter, our workers' comp fraud blotter lists recent arrests, charges, convictions and investigations. Workers' Comp Fraud Blotter...

Dispute Over Ownership of Ex-Employee's LinkedIn Account Highlights Significance of Robust Social Media Policies

On October 4, 2012, the U.S. District Court for the Eastern District of Pennsylvania in Eagle v. Morgan [ enhanced version available to lexis.com subscribers ] granted in part and denied in part an employer's motion for summary judgment on an ex-employee's federal claims under the Computer Fraud...

Workers' Comp Fraud Blotter (2/14/2013) – Insurance Auditor and Others Charged With Coal Mine Workers’ Comp Insurance Fraud Scheme

Each week we'll be surveying what the media, state agencies, insurance companies, and others report in terms of workers' comp fraud. Just like a police blotter, our workers' comp fraud blotter lists recent arrests, charges, convictions and investigations. Workers' Comp Fraud...

Workers' Comp Fraud Blotter (6/6/2013) – Shooting Supply Business Owner’s Fraud Scheme Shot Down By His Own Tax Returns

Each week we'll be surveying what the media, state agencies, insurance companies, and others report in terms of workers' comp fraud. Just like a police blotter, our workers' comp fraud blotter lists recent arrests, charges, convictions and investigations. Workers' Comp Fraud...

7-Eleven Stores Raided in Human Smuggling Probe, Indictments Unsealed

"Nine owners and managers of 7-Eleven convenience stores were charged on Monday in a scheme to exploit immigrants from Pakistan, including some business-owners who used Social Security numbers of children and dead people on the workers' pay stubs. Most of the defendants were arrested early Monday...

Bosses in Phoenix Car Wash Chain Held in Immigration Case

"Supervisors and managers of a Phoenix-area car wash chain were taken into custody over the weekend in a large-scale workplace enforcement operation targeting immigration fraud, federal authorities confirmed Sunday. U.S. Immigration and Customs Enforcement agents swarmed 16 locations associated...

Sacramento Glass Harvesting Ring Files Over One Thousand False Windshield Chip Repair Claims

Insurance rip-off totals nearly $100,000 The California Department of Insurance Fraud Division today announced the arrest of three-of-six individuals suspected of running a glass harvesting ring—filing more than 1,000 false insurance claims for windshield repair totaling nearly $100,000....

After Targeting the Terminally Ill and the Elderly, Estate Planning CEO and Employee Head to Prison

He saw “death as a holiday.” He targeted the terminally ill and the elderly. He stole millions of dollars. Federal prosecutors say that Joseph A. Caramadre, the president, chief executive officer, and majority owner of Estate Planning Resources in Cranston, R.I., did all this – and...

Former Broker-Agent Charged with Multiple Felonies for Identity Theft and Forgery; More Victims Are Possible

Convicted felon uses stolen identity to secure credit card and submit bogus insurance applications Eugene Shy-Ren Hsu, a former insurance broker-agent, was arrested by California Department of Insurance officers and charged with multiple felony counts including o ne felony count of grand theft...

Former Social Security Administrator Sentenced to Federal Prison for Aggravated Identity Theft, Unauthorized Sale of Stock Certificates, and Tax Evasion

Randolph Hurst, a former assistant district manager for the Social Security Administration in Rhode Island, has been sentenced to 39 months in federal prison for stealing the identity of a Coventry, Rhode Island, man and using his identity to fraudulently sell more than $160,000 worth of stock certificates...

Financial Fraud Law Quiz: New Jersey Mayors Who Have Been Convicted or Pleaded Guilty in Corruption Cases

With the bribery, fraud, and extortion conviction last week of Tony Mack, the mayor of Trenton, New Jersey, the Financial Fraud Law Blog and the Financial Fraud Law Report thought we would ask our readers if they could identify the communities in New Jersey that have had mayors convicted or have had...

Accountant from Jal Sentenced to Prison, on Fraud and Identity Theft Convictions

Roger L. Baeza, an accountant from Jal, New Mexico, has been sentenced to 61 months in federal prison, followed by three years of supervised release, for his conviction on securities fraud, access device fraud, and aggravated identity theft charges. Baeza also was ordered to pay $501,927.10 in restitution...

‘Free Money’ Among This Year’s ‘Dirty Dozen’ Top Tax Scams

The Internal Revenue Service has issued its annual “Dirty Dozen” list of tax scams, many of which peak during tax filing season as people prepare their tax returns. "Taxpayers should be on the lookout for tax scams using the IRS name,” said IRS Commissioner John Koskinen. “These...

Family that Commits Identity Theft Together Goes to Prison Together

Mary Young and her husband, Christian Young, and her son, Octavious Reeves, have been sentenced to prison for their involvement in a stolen identity refund fraud scheme. Mary Young was sentenced to serve 87 months in prison, Christian Young was sentenced to serve 70 months in prison, and Octavious...

550,000 Identities Stolen in Tax Refund Fraud Schemes

Stolen identity tax refund fraud schemes are a large problem. Now we know just how large. The IRS has identified more than 550,000 taxpayers who had their identities stolen from 2008 through May 2012 for the purpose of claiming false refunds in their names. Federal prosecutors say that they are...

Consumers Lost Over $1.6 Billion to Financial Fraud Last Year, Report Finds

American consumers lost over $1.6 billion to financial fraud in 2013, according to the FTC’s annual report on consumer complaints. The report also found that the top consumer complaint was identity theft. “Americans of all ages are vulnerable to identity theft, and it remains the most...

600 Stolen Identities, and Over $1 Million in Losses, Lead Identity Theft Ringleader to Prison

The leader of an identity theft ring that stole more than 600 identities from U.S. government employees and others has been sentenced to serve 12 years in prison, followed by three years of supervised release. Jenaro Blalock previously pleaded guilty to access device fraud and aggravated identity...

Fighting Financial Fraud with Big Data? That’s IBM’s Goal

Can the fight against financial fraud be waged with computers and software? That’s what IBM seems to believe. IBM said that it has introduced new software and services to help organizations use ”Big Data and Analytics” to address the $3.5 trillion lost each year to fraud and financial...

Workers' Comp Fraud Blotter (6/5/2014) – Fictitious Businesses and Identity Theft Used For $400,000 Workers’ Compensation Fraud Scheme

Workers' Comp Fraud Blotter – June 5, 2014 Fictitious Businesses and Identity Theft Used For $400,000 Workers’ Compensation Fraud Scheme (VA) – Carlos Perry, who ripped off workers’ compensation insurers for $401,649, has been sentenced to twelve years in federal prison...

Judge Blocks Arpaio's Workplace Raids, Arizona Statute Enjoined

"Maricopa County Sheriff Joe Arpaio must stop enforcing Arizona's identify theft laws, U.S. District Judge David Campbell ruled Monday , granting a preliminary injunction in a lawsuit filed against Arpaio. The lawsuit, filed by the Puente immigrant rights group, argues that the laws are unconstitutional...

47 State AGs Ask Congress to Preserve Their Authority to Investigate Data Breaches

by Siran S. Faulders , Steve D. Rosenthal and C. Reade Jacob, Jr. On July 7, 47 state attorneys general signed onto a multistate letter to the U.S. Congress emphasizing the importance of maintaining states’ authority to enforce data breach and data security laws, and their ability to enact laws...

Feds Charge Texas Immigration Scammer - Law360

Law360, July 10, 2015 - "A Texas woman who authorities say ripped off immigrants in federal detention centers by pretending to represent attorneys has been charged with wire fraud and identity theft. Jessica Rivas Alva visited two detention facilities in Louisiana this year and offered the immigrants...

Needed Now: Experienced and Talented Cybersecurity Professionals to Protect Government Data Systems

The announcement on June 4th of a massive cybersecurity attack that compromised data stored on Office of Personnel Management (OPM) systems for 4.2 million current and former federal employees is the most recent head-smacking report of how porous the government’s cyber defense systems apparently...

Ballard Spahr LLP: 7th Circuit Green Lights Data Breach Class Action Against Neiman Marcus

By Phillip N. Yannella, Daniel JT McKenna and Suzanne O. Lufadeju An increase in data breach class actions could be the result of a recent decision of the Seventh Circuit holding that allegations of future harm stemming from a data breach can establish Article III standing. The majority...