Boston Man Sentenced for Bank Fraud
A Boston man was sentenced to more than two years in prison for his role in online fraud schemes that involved opening at least 16 bank accounts at seven banks.
Stoughton Man Pleads Guilty in PPP Fraud Case
A Stoughton man who lied on his application for federal coronavirus business stimulus funds and then used some of the $400,000 he received to pay his mortgage has pleaded guilty to wire fraud, federal prosecutors said.
Cape Cod Couple Pleads Guilty to Mortgage Fraud
A disbarred Massachusetts attorney and his wife have pleaded guilty to running multiple mortgage fraud schemes, federal prosecutors said.
Man Convicted in $13M COVID-19 Loan Fraud Attempt
A Massachusetts businessman has been convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans, federal prosecutors said.
New York AG Says Trump’s Company Misled Banks on Buildings’ Values
The New York attorney general’s office late Tuesday told a court its investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.
Former Bank Loan Officer Charged in SBA Fraud Scheme
A Braintree resident and former bank loan officer has agreed to plead guilty to participating in a three-year scheme that involved submitting fraudulent applications to obtain loans from the U.S. Small Business Administration.
Saugus Woman Pleads Guilty to $300K Bank Fraud Scheme
A Saugus woman has pleaded guilty to her role in a bank fraud scheme that involved recruiting tellers to help fraudulently obtain funds from customer accounts.
Stoughton Man Pleads Guilty to PPP Fraud
A Stoughton man pleaded guilty last week to fraudulently obtaining more than $220,000 in Paycheck Protection Program loans from several financial institutions.
Former Santander Branch Manager Sentenced for Fraud
A Methuen man who used his authority as a branch manager to fraudulently withdraw more than $560,000 from the accounts of deceased customers has been sentenced to prison for bank fraud.
Former Top House Dem Sentenced to 15 Months for Bank Fraud, Other Crimes
Rep. David Nangle pleaded guilty earlier this year to illegally using campaign funds to fund a lifestyle that included golf club memberships and casino trips to Connecticut, and lying to banks about his debt to obtain mortgages and other loans.
Three Arrested, One at Large in Fraud Case
The individuals are charged with conspiring to deceive banks into allegedly processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses.
TransUnion: Financial Services Fraud Increases This Year
The financial services industry has seen digital fraud attempts increase in 2021 compared to last year as more consumers go online for banking and other financial transactions, according to new research from TransUnion.
Lawrence Man Pleads Guilty to Defrauding Mass. Credit Unions
A Lawrence man has pleaded guilty to participating in a wide-ranging conspiracy to defraud financial institutions in several states, including Massachusetts credit unions.
Accounts at Greater Boston Banks Used in Romance Scam
A Ghanaian national living in Randolph was arrested last week on charges of making false statements at several Greater Boston banks as part of a $1.7 million romance scam.
Former State Rep Pleads Guilty to Bank Fraud
Former Massachusetts state Rep. David Nangle pleaded guilty yesterday to several charges, including defrauding a bank to obtain loans to purchase his home and repay his personal debts.
Cape Cod Woman Pleads Guilty to Embezzlement
A Cape Cod woman pleaded guilty to charges in two separate criminal cases for embezzling more than $1.3 million from two employers, including a Cape Cod construction company.
Lenders Look to Remove Friction from Online Fraud Fight
The digital transformation that banking has undergone since March also created opportunities to fraud. In rolling out plans to fight this, though, banks have had to be careful not to turn off customers accustomed to the ease of one-click shopping.
Man with Charged with PPP Fraud on Loans from Two Mass. Banks
A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tuesday.
Nine Men Charged in Multistate Bank Fraud Scheme
Nine men have been charged in a wide-ranging bank fraud and identity theft scheme that affected multiple states, including Massachusetts.
Former Attorney, Wife Indicted in Mortgage Fraud Scheme
A former Massachusetts attorney and his wife were indicted on Tuesday in Boston federal court in connection with various mortgage fraud schemes.
