by Banker & Tradesman | Jan 30, 2020
The former executive assistant at a Waltham-based technology company was sentenced to four years in prison for a bank fraud and embezzlement scheme that netted over $3 million.
by Banker & Tradesman | Jan 8, 2020
The president of a Chicopee-based manufacturing business was sentenced to one day in prison and a year of home confinement for a bank fraud scheme connected to a multimillion-dollar loan package.
by Banker & Tradesman | Jan 2, 2020
Three men who operated a debit card fraud scheme out of a Methuen hotel have pleaded guilty in federal court to attempting to withdraw more than $110,000 from New Hampshire ATMs.
by Banker & Tradesman | Dec 30, 2019
A Malden woman was arrested and charged recently in connection with a bank fraud scheme to embezzle more than $795,000 from her employer.
by Diane McLaughlin | Dec 11, 2019
An Easthampton attorney pleaded guilty last week in Springfield federal court to numerous financial fraud charges, including schemes to defraud commercial lenders.
by Diane McLaughlin | Nov 10, 2019
For many banks and credit unions, check fraud has become one of the top fraud threats they face, creating challenges for institutions that lack resources available to large banks.
by Banker & Tradesman | Nov 8, 2019
A Lynn man pleaded guilty Thursday in federal court in Boston in connection with receiving and laundering approximately $1.4 million fraudulently obtained from a Korean company.
by Banker & Tradesman | Nov 6, 2019
A Milton man pleaded guilty Monday in federal court to taking part in schemes to use false identification and take funds from bank customers.
by Banker & Tradesman | Oct 28, 2019
Jeffrey Borer, 59, formerly of Hatfield, was sentenced to 10 months in prison, four years of supervised release and ordered to pay $189,000 in restitution and $189,000 in forfeiture.
by The Associated Press | Oct 25, 2019
Three Romanian men have been sentenced to federal prison for their role in a multi-state ATM skimming scheme.
by Banker & Tradesman | Oct 24, 2019
A scam artist attempting to steal money from a Quincy senior was stopped in their tracks with help from Quincy Credit Union.
by Banker & Tradesman | Oct 8, 2019
The former executive assistant at a Waltham-based technology company has agreed to plead guilty in connection with a bank fraud and embezzlement scheme that netted over $3 million.
by Diane McLaughlin | Oct 4, 2019
A former teller at the Santander Bank branch in Weymouth pleaded guilty Thursday in federal court to taking part in a scheme to impersonate bank customers and withdraw more than $800,000 from their accounts.
by Banker & Tradesman | Sep 29, 2019
Companies are under attack. The FBI reports that internet-enabled theft, fraud, and exploitation accounted for a stunning $2.7 billion in financial losses in 2018 alone, almost double the loss amount for 2016.
by Banker & Tradesman | Sep 26, 2019
A Hingham man was sentenced in Boston federal court Tuesday in connection with an international money laundering and real estate scheme.
by Diane McLaughlin | Sep 25, 2019
An recently released report expects Berkshire Hills Bancorp to remain well-capitalized despite Berkshire Bank’s exposure to a $16 million loan default.
by Diane McLaughlin | Sep 23, 2019
Berkshire Bank is facing $16 million in exposure following “potentially fraudulent activity” by one of its commercial loan customers.
by Banker & Tradesman | Sep 13, 2019
A Somerset man pleaded guilty in federal court in Springfield yesterday to illegally participating in a loan with a financial institution.
by Banker & Tradesman | Sep 9, 2019
A Newton man was sentenced Thursday in federal court in Boston for illegally using the identity of another individual to apply for two business loans as part of a scheme that cost Eastern Bank nearly $100,000.
by Banker & Tradesman | Aug 14, 2019
The former manager of an Eastern Bank branch in Newton is headed to prison after pleading guilty to making false statements on a loan application that cost the bank over $90,000.