Financial Fraud Scandals

Scandal Categories
Displaying 16 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" and was ordered to pay a $355 million fine and prohibited from conducting business in New York state for three years
    26 Sep 2023
    According to a final ruling issued by the judge overseeing the case
  • Nate Paul
    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 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • TX 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
  • 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
  • John Haggerty
    tricked 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