(Reuters) – Facebook Inc cannot challenge search warrants New York prosecutors used to get information from its site on hundreds of users suspected of Social Security fraud, a state appeals court said on Tuesday, in a decision likely making it harder for New Yorkers to keep their digital lives private.
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Three Israelis nabbed for massive US stock fraud scheme
Police in Israel arrested three Israeli citizens allegedly tied to computer hacks of JPMorgan Chase & Co. and other financial institutions after a federal US agency charged them with a massive scheme aimed at pumping up stocks and defrauding investors, officials said Tuesday.
TD Bank to pay $20M to settle lawsuit connected to Dutch Ponzi scheme
TD Bank will pay $20 million to settle a class action lawsuit accusing it of aiding a Ponzi scheme that allegedly bilked over 1,000 European investors of more than $223 million, Reuters reported, citing the plaintiff’s lawyer in the case.
The preliminary settlement, which is subject to court approval, resolves claims that TD Bank, the U.S. banking arm of Toronto-based TD Bank Group (NYSE: TD), failed to properly monitor trust accounts that held investors’ money and ignored its duty to investigate suspicious activities under U.S. anti-money laundering rules.
In a brief statement confirming the settlement, TD only said, “We are pleased that this matter is close to a resolution.”
Toshiba CEO quits over $1.2 billion accounting fraud
Toshiba’s CEO and eight other executives resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 152 billion yen ($1.2 billion) over several years.
Toshiba Corp. acknowledged a systematic cover-up, which began in 2008. Various parts of the Japanese company’s sprawling business including computer chips and personal computers were struggling financially, but top managers set unrealistic earnings targets under the banner of “challenge,” and subordinates faked results.
Man Allegedly Conned Cancer Patient Out Of Thosands Of Dollars By Prescribing Bogus Treatments
A California man is scheduled to appear in court in a few weeks after police alleged he gave cancer patients bogus treatments and tricked them out of thousands of dollars. His cancer-stricken victims often turned to him as a last resort, believing that he could cure their aliments with special vaccines.
But the opposite happened. Investigators contend that Vincent Gammill posed as a chemist and gave unsuspecting patients an ineffective, and sometimes dangerous, mix of the medications — including empty capsules, powders, and vials of liquid. A search of his home yielded laboratory equipment, corrosive liquids, and more than 25,000 prescription tablets – including morphine, Ambien, steroids, and Mexican and Russian drugs.
Menendez lawyers accuse Justice Department of misconduct
Lawyers for Sen. Robert Menendez accused federal prosecutors and FBI agents Monday of lying to win a corruption indictment against him this spring, saying the Justice Department would “stop at nothing” to try to convict the powerful lawmaker.
The allegations are included in more than 400 pages of legal arguments filed to try to persuade the court to dismiss the case against Menendez (D-N.J.) and a longtime friend and donor, Florida eye doctor Salomon Melgen, who is accused of buying favors from the senator with gifts and vacations.
A.G. Schneiderman Announces Conviction Of NYPD Officer Charged In Insurance Fraud Scheme
NEW YORK – Attorney General Eric Schneiderman today announced the conviction of Jose E. Urena, a New York City police officer assigned to the NYPD’s 25th Precinct, in relation to a scheme to defraud automobile insurance companies through a series of false claims. The scheme was designed to free him from financial responsibility for high-end vehicles he couldn’t afford, to pocket insurance money for personal use, to pay for repairs of pre-existing damage and to add expensive features to various vehicles.
“Gaming the system, whether to steal money or to avoid financial responsibility, is both unethical and illegal,” said Attorney General Schneiderman. “Today’s conviction sends a clear message: there must be one set of rules for everyone, particularly those sworn to uphold the law.”
HealthCare.gov’s fraud failure and a $6 billion DIA deal
Does the government do a good job of vetting the eligibility of applicants for health insurance subsidies? Maybe not, according to testimony from the Government Accountability Office during a hearing of the Senate Finance Committee last week.
Brazil convicts first construction executives in Petrobras scandal
Three executives of Brazil’s Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras.
Dalton dos Santos Avancini, chief executive officer of Camargo Correa Construções e Participações SA, João Ricardo Auler, the company’s chairman, and Eduardo Hermelino Leite, a senior executive, were all convicted of corruption and membership in a criminal organization. The ruling was handed down by Judge Sergio Moro of Brazil’s Federal Court in Curitiba.
Spice of India owner sentenced to a year for arson plot
YOUNGSTOWN — The former owner of the Spice of India restaurant in Boardman was sentenced in Mahoning County Common Pleas Court today to a year sentence for his role in an arson and insurance fraud scheme.
Rajendra Ingle, 42, of Streetsboro, was given the sentence for his role in the Oct. 18, 2013 fire that destroyed the Market Street restaurant.
– See more at: http://www.vindy.com/news/2015/jul/20/spice-india-owner-sentenced-year-arson-plot/?nw#sthash.cBufMz8y.dpuf