Financial Fraud Law

Recent Posts

Consumers Lost Over $1.6 Billion to Financial Fraud Last Year, Report Finds
Posted on 4 Mar 2014 by Steven A. Meyerowitz

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... Read More

600 Stolen Identities, and Over $1 Million in Losses, Lead Identity Theft Ringleader to Prison
Posted on 11 Mar 2014 by Steven A. Meyerowitz

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... Read More

Accountant from Jal Sentenced to Prison, on Fraud and Identity Theft Convictions
Posted on 10 Feb 2014 by Steven A. Meyerowitz

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... Read More

550,000 Identities Stolen in Tax Refund Fraud Schemes
Posted on 25 Feb 2014 by Steven A. Meyerowitz

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... Read More

Financial Fraud Law Quiz: New Jersey Mayors Who Have Been Convicted or Pleaded Guilty in Corruption Cases
Posted on 10 Feb 2014 by Steven A. Meyerowitz

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... Read More

Fighting Financial Fraud with Big Data? That’s IBM’s Goal
Posted on 20 Mar 2014 by Steven A. Meyerowitz

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... Read More

After Targeting the Terminally Ill and the Elderly, Estate Planning CEO and Employee Head to Prison
Posted on 17 Dec 2013 by Steven A. Meyerowitz

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... Read More