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Feds: New Jersey Man Promised to Invest Money; Instead He Drained Elderly Victim’s Accounts

Antonio Petrosino, 59, from Union City, N.J., was charged on Jan. 24 with wire fraud and money laundering charges, according to a DOJ press release. Petrosino is accused of scamming an elderly investor out of over $888,000. He also uses the name Anthony Petrosino.

Report Jessika Saunders | Feb 19, 2025

Antonio_Petrosino_Stole_Moere_Than_800000_From_an_Elderly_Victim_Who_Thought_He_was_INvesting_Her_Money

Embezzlement

Bank of Oklahoma Senior Vice President Embezzled $4.2 Million From Clients

William Shane Garrow, 49, from Tulsa, Okla., pleaded guilty on Jan. 8 to charges concerning a scheme to embezzle more than $4.2 million from his clients, according to a DOJ press release. Garrow pleaded guilty to bank fraud and lying on his tax returns.

Report Jessika Saunders | Feb 12, 2025

William_Shane_Garrows_a_Senior_Vice_President_of_Bank_of_Oklahoma_Has_Been_Accused_of_Embezzling_Money_from_Clients

Misrepresentation

California Man Indicted for Business Email Compromise Scam that Defrauded Millions of Dollars

Alec Tahir Baker, A 60-year-old man from California, was indicted by a federal grand jury in Rhode Island for his participation in a conspiracy to commit money laundering, bank fraud and identity theft, according to a Justice Department press release.

Report Strahinja Nikolić | Jan 30, 2025

Alec_Tahir_Baker_Has_Been_Accused_of_Business_Fraud

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Embezzlement

Arizona Elected Official Stole $38 Million from Santa Cruz County

Elizabeth Gutfahr, 62, a former treasurer of Santa Cruz County, Ariz., pleaded guilty on Nov. 20, 2024, to charges related to a scheme to steal over $38 million in county funds and avoiding paying more than $13 million in taxes, according to a DOJ press release. Gutfahr pleaded guilty to money laundering, tax evasion, and […]

Report Jessika Saunders | Jan 29, 2025

Former_Santa_Cruz_Ariz._Treasurer_Elizaberh_Gutfahr_Sits_in_Court_With_Her_Attorney_After_Pleading_Guilty_to_Stealing_Over_38_Million_From_the_County

Embezzlement

Accountant and Sister Embezzled $1.5 Million from Employer

On Dec. 5, a federal court sentenced Margaret Ward Heilman, 66, of Darlington County, S.C., and her sister Katherine Ward Gray, 60, of Florence County, S.C., to prison for their involvement in a conspiracy to commit wire fraud, according to a Justice Department press release.

Report Strahinja Nikolić | Jan 14, 2025

Margaret_Wade_Heilman_Shown_Here_in_Her_Mugshot_Will_Serve_20_Months_in_Prison_After_Embezzling_$1.5_Million_From_Her_Employer

Embezzlement

Investment Advisor Steals $2.1 Million from Clients

Kristi Margaret Berge, the 48-year-old founder and CEO of Keep Safe Investments, aka KSI Financial, a planning and investment services firm, was sentenced to 30 months in federal prison and two years of supervised release for her role in a wire fraud scheme in which millions of client investment funds were misappropriated, according to the […]

Report Strahinja Nikolić | Jan 10, 2025

A_federal_court_sentenced_Kristi_Margaret_Berge_to_30_months_in_federal_prison_for_scamming_millions_from_investment_clients

Financial Gains

Woman Caught in Multi-Million-Dollar Check-Kiting Scheme

Katherine Mott-Formicola, 54, from Pittsford, N.Y., pleaded guilty on Dec. 3 to charges related to a scheme to inflate various bank accounts artificially, according to a DOJ press release. Mott-Formicola pled guilty to money laundering and financial institution fraud for her “check kiting” scheme that cost the banks millions of dollars.

Report Jessika Saunders | Jan 8, 2025

Restauranteur_Katherine_Mott-Formicola_pleaded_guilty_on_Dec_30_to_kiting_checks_she_faces_three_decades_behind_bars

Identity Theft

Feds Bust Identity Theft Ring in South Carolina

Ten people were convicted in federal court for their participation in an identity theft and fraud ring that extended from South Carolina north to New York, south to Florida and west to Texas, touching down in North Carolina, Florida, Georgia, Virginia and Missouri along the way.

Report Strahinja Nikolić | Dec 5, 2024

A Man in a Mask Holds a Fishing Rod Over a Gift Bag of Stolen Credit Cards with Hackmas Written in the Background

Embezzlement

Bank Manager Goes to Prison for Stealing Money from Terminally Ill Customer

A New York bank manager received a prison sentence for stealing from a customer who was about to die.

Report Jessika Saunders | Nov 21, 2024

James_Gomes_a_Former_Bank_Branch_Manager_Will_Go_to_Prison_for_Stealing_from_a_Customers_Account

Embezzlement

Virginia Woman Embezzles Money Donated to Former POWs

A Springfield, Va., has pleaded guilty to a heinous act– stealing money from former prisoners of war.

Report Strahinja Nikolić | Nov 21, 2024

Mission_POW_MIA_Board_of_Directors_Including_Jennifer_Giorffino_Who_Stole_Tens_of_Thousands_from_POWs

Embezzlement

Woman Steals $3 Million, Will Serve 3 Years, Then 3 Years of Supervised Release

Sally Lynn Elmore, a 56-year-old woman from Clarkston, Michigan, was sentenced to three years in prison on Oct. 25, according to a Justice Department statement. The sentence comes on the heels of Elmore pleading guilty in July 2024 to one count of wire fraud.

Report Strahinja Nikolić | Nov 12, 2024

A Womans Hands are Tied with Rope Around Her Back and She is Holding Money and Playing Cards Representing Gambling Addiction. - The Daily Muck

Money Laundering

U.S. Indicts CEO of Nigerian Airlines for Obstruction of Justice

Allen Onyema, the Chairman, CEO and founder of Air Peace, a Nigerian airline, was charged in a superseding indictment on Oct. 11 with obstruction of justice for submitting false documents to the U.S. government to end an investigation of him.

Report Strahinja Nikolić | Nov 6, 2024

Allen Onyema CEO of Peace Airlines Receives an Award from the NIgerian Army - The Daily Muck

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Bank

Feds: New Jersey Man Promised to Invest Money; Instead He Drained Elderly Victim’s Accounts

Bank of Oklahoma Senior Vice President Embezzled $4.2 Million From Clients

California Man Indicted for Business Email Compromise Scam that Defrauded Millions of Dollars

Arizona Elected Official Stole $38 Million from Santa Cruz County

Accountant and Sister Embezzled $1.5 Million from Employer

Investment Advisor Steals $2.1 Million from Clients

Woman Caught in Multi-Million-Dollar Check-Kiting Scheme

Feds Bust Identity Theft Ring in South Carolina

Bank Manager Goes to Prison for Stealing Money from Terminally Ill Customer

Virginia Woman Embezzles Money Donated to Former POWs

Woman Steals $3 Million, Will Serve 3 Years, Then 3 Years of Supervised Release

U.S. Indicts CEO of Nigerian Airlines for Obstruction of Justice

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