Financial Fraud Scandals

Displaying 20 Scandals
Sorted by When News Broke
-
bought luxury clothing, erotic adult content online, luxury skin care products, meals, and paid off personal debts with more than $50,000 in campaign contributions he told donors would be used to support his bid for Congress
16 Nov 2023
According to charging documents filed by federal officials
-
defrauded banks in New York by vastly overinflating the value of his assets by as much as $3.6 billion dollars in order to obtain more favorable loan terms in a scheme a judge overseeing his case described as "persistent and repeated fraud"
26 Sep 2023
According to a pre-trial ruling by the judge overseeing his NY fraud case
-
Aide Sam Mieleimpersonated a top aide to then Republican Minority Leader Kevin McCarthy in fundraising emails that tricked more than a dozen donors into giving money to George Santos's political campaign and received a 15% commission on each contribution
16 Aug 2023
According to charging documents filed by federal officials
-
NYPD Union President Ed Mullinsstole nearly $1 million from a NYC police officers union by filing falsified expense reports for personal items including lavish meals and luxury clothing and over-inflating the amount he should be reimbursed for countless other expenses for over four years to such a degree that prosecutors described it as a "personal piggy bank" and then lied to federal officials when they confronted him
04 Aug 2023
According to charging documents filed by federal officials -
Nate Paul [Conservative Businessman]lied to financial institutions on multiple loan applications by vastly overstating his assets -- by nearly $18 million on just one application alone -- and grossly underreporting his liabilities by millions of dollars which led to him being approved for loans totaling $172 million that he otherwise wouldn't have been granted
09 Jun 2023
According to charging documents filed by federal officials
-
violated federal law by asserting he had upwards of $5 million in assets that didn't actually exist on financial disclosure forms he submitted during his 2022 run for Congress which makes you wonder why someone would falsely report having assets that didn't actually exist
10 May 2023
According to charging documents filed by federal officials -
illegally received over $24,000 in COVID unemployment benefits from New York while he was still employed making a $120,000 salary at his job in Florida and then later hypocritically signed on as a top cosigner of a House bill meant to recover these ill-gotten funds
10 May 2023
According to charging documents filed by federal officials -
Herschel Walker [2022 GOP GA Senator Nominee]defrauded a donor who gave him $535,200 to use on his campaign which he diverted to his personal business accounts instead and broke campaign finance laws by not disclosing it in a scheme multiple campaign finance experts called “unprecedented,” “stunning,” and “jaw-dropping”
03 May 2023
According to an exclusive investigative report by The Daily Beast
-
allegedly paid an accomplice $100 per day to illegally tamper with ATM machines in order to sell customer credit and debit card data online
09 Mar 2023
According to a sworn affidavit submitted to the FBI and Secret Service by alleged accomplice Gustavo Ribeiro Trelha
-
Cade Cothren [Chief of Staff]funneled more than $202,000 in state funds earmarked for legislative mailers to personal accounts using a fictitious consulting company called Phoenix Solutions
23 Aug 2022
According to charging documents filed in federal court
-
Commissioner John Oxendine [R-GA]raked in over $600,000 in kickbacks from a health insurance fraud scheme that charged providers with over $2.5 million worth of unnecessary tests that were ordered from doctors and conducted by a pharmaceutical company who were all involved in the conspiracy
20 May 2022
According to charging documents filed by federal prosecutors -
David Schamens [Trump PAC Exec]defrauded 25+ people out of $6.8 million through a Ponzi scheme they thought was being invested on their behalf but was used to fund his lavish lifestyle instead
08 Mar 2022
According to charging documents filed by federal authorities
-
County Commissioner John Novello [R-NY]tricked a financial lender into giving him a $1 million loan to purchase and renovate a family home which he falsely represented as an investment property through a fake company
27 Jan 2022
According to charging documents filed by local police
-
State Rep. Michael Capps [R-KS]illegally took $355,550 in state and federal COVID relief by falsely claiming the money would go to pay nonexistent employee's salaries
Sep 2021
According to charging documents by federal prosecutors
-
State Rep. Tricia Derges [R-MO]raked in $191,815 by selling fake stem-cell treatments to unsuspecting patients she told would help combat COVID-19, but in reality all she administered was amniotic fluid that had no known medical benefits
01 Feb 2021
According to charging documents filed by federal officials
-
Tax Collector Shirley Sosebee [R-GA]forged her own brother's signature on a land deed in an attempt to transfer the title to her family without having to pay for the property
17 Mar 2020
According to charging documents filed by state officials
-
Operative Paul Ericksonstole hundreds of thousands of dollars from victims including his own god mother, family members, and former classmates by convincing them to invest in various schemes he concocted that promised massive returns, but instead kept the money for himself and didn't repay the investors
06 Feb 2019
He was sentenced to seven years in federal prison but served only 8 months after Trump pardoned him -
TX Attorney General Ken Paxton [R]convinced numerous people into investing $840,000 in a technology company that he secretly earned commissions on while giving the false impression he was actually an investor
01 Aug 2015
According to charging documents filed by states attorneys
-
Gov. John Rowland [R-CT]fraudulently concealed $35,000 he received working for the 2012 campaign of Republican congressional candidate Lisa Wilson-Foley by creating a fake third-party contract with her husband's business to disguise the fact that a convicted criminal was providing them campaign advice
19 Sep 2014
According to charging documents filed by federal prosecutors -
Consultant John Haggertytricked NYC mayor Michael Bloomberg's aides into giving him $1.1 million in campaign funds that he said would be used to set up a ballot-security operation but was instead diverted to a personal account which he used to purchase a new home
21 Oct 2011
According to charging documents filed by federal officials