Financial Fraud Law

Recent Posts

Tax Season Nears, Tax Scams Abound
Posted on 28 Jan 2014 by Steven A. Meyerowitz

With the start of the 2014 tax season approaching on January 31, it is worth keeping in mind that tax-related scams using the IRS name proliferate during this time of year. Tax scams can take many forms, with perpetrators posing as the IRS in everything... Read More

Company Settles Charges that It Targeted Union Members with False Credit Offers
Posted on 11 Feb 2014 by Steven A. Meyerowitz

Union Workers Credit Services, Inc. (UWCS), and its president, Joe Malazzo, have settled charges that they targeted union members with false credit offers. Under the settlement, the company is permanently banned from offering credit or financial services... Read More

Wealthy Americans Cheated the IRS with Credit Suisse's Help, Senate Tax Evasion Report Says
Posted on 26 Feb 2014 by Steven A. Meyerowitz

A bipartisan staff report entitled, “Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts,” issued by the U.S. Senate’s Permanent Subcommittee on Investigations has found that, for years, Credit... Read More

Three ‘Sham Charities’ – for Victims of Domestic Violence, the Hungry, and Breast Cancer Research – Are Shut Down in NY
Posted on 4 Feb 2014 by Steven A. Meyerowitz

New York prosecutors have reached a $500,000 settlement that includes permanently shuttering three Long Island-based charities: the Bi-County Helpline for Abuse Against Women and Children; Long Island Responds; and Breast Cancer Funds for Research. The... Read More

3 Former Barclays Bankers Charged with LIBOR Manipulation
Posted on 18 Feb 2014 by Steven A. Meyerowitz

The United Kingdom’s Serious Fraud Office has brought charges against three former employees at Barclays Bank Plc, Peter Charles Johnson, Jonathan James Mathew, and Stylianos Contogoulas, in connection with its investigation into the manipulation... Read More

Disbarred Lawyer to Prison for Stealing Over $4.3 Million from Clients
Posted on 28 Jan 2014 by Steven A. Meyerowitz

A disbarred attorney has been sentenced to 3-1/3 to 10 years in prison for stealing more than $4 million from several individuals and banks in a series of fraudulent real estate deals that fattened his wallet at the expense of his clients – including... Read More

European Parliament Votes to Toughen Anti-Money Laundering Rules
Posted on 12 Mar 2014 by Steven A. Meyerowitz

The ultimate owners of companies and trusts would have to be listed in public registers in EU countries under draft anti-money laundering rules voted by the European Parliament. “The public registers will make life more difficult for criminals... Read More

New Jersey Mayors and Corruption: The Answers to the Financial Fraud Law Quiz
Posted on 10 Feb 2014 by Steven A. Meyerowitz

Earlier today, in our Financial Fraud Law Quiz, we asked you to identify the communities in New Jersey that have had mayors convicted or have had mayors who have pleaded guilty in corruption cases. We limited it to this century, and we started you off... Read More

BREAKING NEWS: Jury Convicts Martoma in One of Largest Insider Trading Cases Ever
Posted on 6 Feb 2014 by Steven A. Meyerowitz

A federal jury in Manhattan has convicted Mathew Martoma of SAC Capital Advisors LP of insider trading in what prosecutors have characterized as one of the largest insider trading schemes in history. More to follow… Contact the author at... Read More

How Bad is Public Corruption in Northern Virginia? Apparently Bad Enough for the FBI to Seek the Public’s Help
Posted on 19 Feb 2014 by Steven A. Meyerowitz

We know that the former governor of Virginia and his wife have been charged with corruption , and that Virginia was one of a handful of states to get an "F" in a corruption study , but how bad, really, is corruption here? Apparently, this... Read More

This US Official Is Appearing Tonight on Jeopardy! Who is ….?
Posted on 5 Feb 2014 by Steven A. Meyerowitz

He is the former Attorney General of Ohio and he now serves as director of the Consumer Financial Protection Bureau. He tamed Jeopardy! nearly three decades ago as a five time winner, and is back on the show this evening as part of the “Battle of... Read More

China’s Top Leaders Have Secret Offshore Accounts, ICIJ Reports
Posted on 23 Jan 2014 by Steven A. Meyerowitz

Close relatives of China’s top leaders have secret offshore companies in tax havens that help shroud the Communist elite’s wealth, according to the International Consortium of Investigative Journalists. The group said it based its findings... Read More

Nevada Reaches Its Own Settlement Over Alleged “Robosigning" Mortgage Charges
Posted on 20 Feb 2014 by Steven A. Meyerowitz

Nevada has reached a settlement with Lender Processing Services, Inc. (“LPS”), now known as Black Knight Financial Services, over allegations of the alleged “robosigning” of mortgage documents. The settlement resolves the state’s... Read More

Robert Anderson, Jr., Named to Lead FBI’s Criminal, Cyber, Response, and Services Branch
Posted on 11 Mar 2014 by Steven A. Meyerowitz

Robert Anderson, Jr., has been named the executive assistant director of the Criminal, Cyber, Response, and Services Branch at FBI Headquarters. In this role, he will be responsible for all criminal and cyber investigations worldwide, as well as international... Read More

Scammers Increasingly Relying on Internet-Enabled Phone Technology to Reach Victims, Consumer Group Says
Posted on 23 Jan 2014 by Steven A. Meyerowitz

In more than 36 percent of all consumer complaints in 2013, victims were contacted by phone, the National Consumers League is reporting. This figure is up from approximately 25 percent in 2012. Using Internet calling software, scammers can peddle their... Read More