A doctor has admitted his role in peddling prescriptions from a now-defunct clinic in Philadelphia, Penn., that specialized in helping drug addicts. Seventy-eighty-year-old Dr. Alan Summers pleaded guilty in federal court to charges including conspiracy, drug distribution, money laundering and …
A man who spent several years as the lighting manager for online and TV shopping network QVC has pleaded guilty to stealing about $1.8 million from the company. Douglas Rae pleaded guilty to stealing from the West Chester-based QVC Inc. …
A former insurance agent in Essex County, New Jersey, is going to prison for bilking Massachusetts Mutual Life Insurance Company of more than $1 million in commissions and bonuses. A judge sentenced 33-year-old Stanley Jerome of Orange, New Jersey, to …
A former Oklahoma oral surgeon whose filthy clinics led to thousands of patients being tested for HIV and hepatitis faces a federal charge of money laundering, prosecutors announced. The court filing alleges that W. Scott Harrington laundered money by fraudulently …
Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred to accounts in the Philippines, …
Anti-corruption prosecutors have charged one of Romania’s richest businessmen with money laundering and abusing his position as a chief executive of a leading insurance company. The anti-corruption prosecutors’ office charged Dan Adamescu on Monday with causing 800 million lei ($197 …
Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because it let cartels launder billions of dollars to operate their businesses. The lawsuit brings fresh …
The U.S. Securities and Exchange Commission is alleging a Watertown, Wis., insurance agent ran a $10 million Ponzi scheme out of his agency, ISC Inc. The SEC filed a securities fraud lawsuit against 69-year-old Loren Holzhueter and one of his …
A Mount Ida, Ark., man has been sentenced to five years in prison for money laundering and wire fraud. Federal prosecutors say 58-year-old Steven Alan Standridge was sentenced in U.S. District Court in Hot Springs. Standridge was the founder of …
Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks. The …
