LexisNexis® Legal Newsroom
Victims of Mortgage Fraud Bar Themselves from Restitution

A "victim's" participation in a fraudulent mortgage scheme, regardless of criminal liability, will generally exclude the victim from restitution, according to a recent Massachusetts decision. With the help of Ryan Lazar, a loan originator, R.L. and B.L. participated in a fraudulent...

Are Pregnant Employees Entitled to Reasonable Accommodation?

Our friends at the U.S. Equal Employment Opportunity Commission recently scored another big win in a pregnancy discrimination case -- actually got summary judgment against the employer, which is unusual. In this case, the employer apparently knew it had messed up and failed to contest the EEOC's...

Workers' Comp Fraud Blotter (12/22/2011) – Naval Officer Ran New York City Marathon, Stole From September 11th Victim Compensation Fund

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...

Workers' Comp Fraud Blotter (1/5/2012) – State Senator’s Trucking Company Not Trucking So Much After Court Shuts It Down

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...

Workers' Comp Fraud Blotter (1/12/2012) – Former Texas Pain Management Physician and Psychiatrist Sentenced To Federal Prison

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 (1/12/2012) – Former Texas Pain Management Physician and Psychiatrist Sentenced To Federal Prison

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...

Workers' Comp Fraud Blotter (1/19/2012) – Disc Jockey Faces the Music for Workers' Compensation Fraud

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...

US Will Not Seek Restitution For Stanford Victims

The United States will not seek an order of restitution when Robert Allen Stanford is sentenced on June 14th, stating that to do so would be impractical and instead indicating it seeks to provide Stanford victims with proceeds of forfeited assets. In a June 4th filing with a Houston federal court, the...

Workers' Comp Fraud Blotter (7/26/2012) – School Custodian Sells Houses While On Disability

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...

Workers' Comp Fraud Blotter (8/2/2012) – Arrests Made In “Operation Dirty Money” Check Cashing 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 Blotter...

Workers' Comp Fraud Blotter (12/13/2012) – Doctors Joined Brotherhood of Fraud, Now Banned From Treating Injured Workers

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...

Bankers' Professional Liability Insurance Does Not Cover Overdraft Fee Class Action Settlement

A recurring question under the management liability insurance protection that banks typically acquire is the extent of the protection afforded under their policies’ professional liability provisions. One particular question that often arises is whether the policy affords coverage for customers’...

The Law of Unintended Consequences Strikes Again: Criminal Avoids Restitution

The United States Congress in an attempt to protect the honest and innocent consumers enacted the Consumer Credit Protection Act (the “Act”), 15 U.S.C. § 1673(a) [ enhanced version available to lexis.com subscribers ]. Congress had no intent to protect criminals or allow criminals to...

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Renoir Painting and Custom-Built Sports Car Seized from Convicted Con Man Rocco DeSimone Are Sold at Auction

A Renoir painting and a custom-designed sports car seized by the federal government from imprisoned Rhode Island con man Rocco DeSimone have been sold at auction for $740,000. DeSimone had been convicted by a federal court jury in Providence of bilking an inventor and numerous investors out of more...

MF Global to Pay $1.21B in Restitution for Unlawful Use of Customer Funds

WASHINGTON, D.C. — (Mealey's) The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has reached an agreement with MF Global Inc. (MFGI) under which MFGI will pay more than $1.21 billion in restitution for the unlawful use of customer funds by its bankrupt parent MF Global...

Court Orders MF Global to Pay over $1 Billion in Restitution to Its Customers

A federal court has entered an order on consent against MF Global Inc. requiring it to pay $1.212 billion in restitution to customers of MF Global to ensure that the customers recover their losses sustained when MF Global failed in 2011. The order, entered by U.S. District Court Judge Victor Marrero...

Who Are the Victims in the Bernard Madoff Ponzi Scheme?

People lose money in Ponzi schemes. They may have invested directly, or perhaps through a feeder fund. Or maybe they invested in a limited partnership that itself invested in the Ponzi scheme. When the Ponzi scheme implodes, people want their money back. Recent activity in the Bernard Madoff scheme...

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...

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...

US Attorney in Manhattan Has Recovered Nearly $4 Billion from Criminal and Civil Cases Since January 2013

The Office of the U.S. Attorney for the Southern District of New York is reporting that it has recovered more than $2.7 billion in forfeiture actions since January 2013, that it also has collected or has entered into agreements to recover $1.06 billion in restitution, criminal fines, and special assessments...

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...

Health Care Fraud Recoveries Hit Record $4.3 Billion Last Year, DOJ Reports

For every dollar federal prosecutors spent on health care-related fraud and abuse investigations under the Health Care Fraud and Abuse Control (HCFAC) Program and other programs over the last three years, the government recovered $8.10. This is the highest three-year average return on investment in the...

Trafficker Sentenced to 10+ Years in Prison; Must Pay $3.8M in Restitution

"Kizzy Kalu of Highlands Ranch, accused of bring nurses to the United States under false pretenses and then collecting much of their pay, was sentenced to serve 130 months in federal prison after being found guilty of visa fraud, human trafficking, mail fraud, and money laundering. Kalu will pay...

New York Announces $2.2 Million Restitution Fund For Victims Of Immigration Scam

"Attorney General Eric T. Schneiderman today announced that thousands of victims who were defrauded by two immigration services organizations, the International Immigrants Foundation, Inc. (IIF) and the International Professional Association, Inc. (IPA), could begin applying for compensation from...