Former Cape Home Builders Association Exec Charged With Fraud
Federal prosecutors indicted state Rep. Christopher Flanagan, of Dennis, for allegedly stealing tens of thousands of dollars from the Cape Cod homebuilders trade group on Friday.
Fraud Fears Greet FedNow’s Launch
The Federal Reserve launched its instant payments system, FedNow, on July 20, but many local banks are taking a wait-and-see approach in the face of fraud concerns.
Real Estate Still Proves Fertile for Fraud
I hate to keep beating a dead horse – but then, real estate fraud is far from a dead horse. In fact, people are being taken in by crooks more than ever.
Real Estate Broker Sentenced for Stealing From Buyers
A Massachusetts man who according to authorities preyed on people who wanted to buy homes by collecting deposits on properties that had either already been sold or were not even for sale was sentenced Wednesday to 2 1/2 years in prison, federal prosecutors said.
Former Worcester Employee Sentenced in Fraud Scheme
A former employee of Worcester’s Housing Development Office and Executive Office of Economic Development will serve more than three years in prison for her role in a $2.3 million fraud scheme relating to the redevelopment of a multi-family property in Worcester.
Reading Man Pleads Guilty to Real Estate Fraud
A Reading man has pleaded guilty in connection with a scheme to defraud an older relative of her ownership in a three-family home and then take a loan on the property.
Former Nantucket Bank Teller Pleads Guilty to Fraud
A former Nantucket Bank employee has agreed to plead guilty for her role in two fraud conspiracies.
Former BofA Banker Sentenced to Prison
A former client relationship manager at Bank of America was sentenced to one year in prison for embezzling $1.5 million from a client company and using a portion of those funds to purchase luxury items.
State Street to Pay $115M Criminal Penalty
State Street Corporation has agreed to pay a $115 million criminal penalty to resolve charges that it schemed to defraud clients by secretly overcharging some of its customers for as long as 17 years, federal investigators said Thursday.
Quincy Broker Faces Federal Charges in Alleged Deposit Check Scam
A Quincy real estate broker has been accused of scamming aspiring homebuyers out of deposits on properties that weren’t actually for sale.
Multiple Indictments in Car Loan Scheme
Six people were indicted by a federal grand jury in Boston in connection with a scheme to use stolen identities to apply for bank accounts and obtain car loans.
Natick Developer Pleads Guilty to Fraud
A real estate developer and attorney pleaded guilty in connection to a $2.3 million fraud scheme involving the redevelopment of a Worcester multifamily property.
Former Real Estate Attorney Sentenced to Five Years for Fraud
A former real estate attorney was sentenced to more than five years in prison for a scheme to defraud clients, investment firms and commercial lenders.
Winchester Man Charged with $13M PPP Fraud
A Winchester man has been charged with allegedly filing fraudulent Paycheck Protection Program loan applications seeking more than $13 million.
The Anatomy of a Real Estate Email Scam
Wire fraud has registered a year-over-year increase in losses of about 85-90 percent, and real estate transactions are one of scammers’ favorite targets. Luckily, there are a few simple things you can do to protect yourself and your customers.
New Jersey Man Arrested in Investment Fraud Scheme
The owner of several Boston-based investment companies was arrested Sunday at Logan Airport on charges of operating a Ponzi-like fraud scheme.
Convicted Hingham Money Launderer Indicted for Fraud Scheme
A Hingham man who was convicted earlier this year of money laundering has been indicted by a federal grand jury on new charges of wire fraud, unlawful monetary transactions and money laundering conspiracy.
Property Preservationist Pleads Guilty in $10M Fraud Scheme
A former East Greenwich, Rhode Island businesswoman admitted yesterday in federal court to utilizing her business and business contacts, including family members, friends and business associates, to operate a $10.3 million Ponzi scheme.
Easthampton Attorney Arrested and Charged With Financial Fraud
An Easthampton attorney was recently arrested and appeared in federal court in Springfield earlier this week to face charges for various financial fraud offenses and lying to federal agents.
Hedge Fund Manager Sentenced for Operating Multimillion-Dollar Ponzi Scheme
A Boston-area hedge fund manager was sentenced yesterday in federal court in Boston for running a multimillion-dollar Ponzi scheme.
