Law Enforcement | WPN World People News

Top executives and favored borrowers have been indicted by a federal grand jury in Norfolk, Virginia, accused of masking non-performing assets at the Bank of the Commonwealth for their own personal benefit and to the detriment of the bank. This long-running scheme allegedly contributed to the failure of the bank in 2011, which the Federal Deposit Insurance Corporation (FDIC) estimates will cost the FDIC deposit-insurance fund $268 million.

This morning, Andrew West, 40, of Albuquerque, entered a guilty plea to an information charging him with fraud in connection with computers in Albuquerque federal court.

A physician who operated a south side medical clinic, Dr. Jaswinder Rai Chhibber, was sentenced to 2½ years in federal prison for engaging in a health care fraud scheme between 2007 and July 2010, federal law enforcement officials announced today.

Karen Sork, age 50, a resident of New Orleans, Louisiana, pleaded guilty as charged today in front of United States District Judge Susie Morgan to a bill of information charging her with bank theft relating to her unauthorized embezzlement of funds from her employer, announced United States Attorney Jim Letten.

John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that Clarence Pettibone, 53, Black River Falls, Wisconsin, a former elected legislator of the Ho-Chunk Nation, was sentenced today by U.S. District Chief Judge William M. Conley to five years in federal prison for his role in a bribery scheme involving contracts awarded by the Ho-Chunk Nation.

The owner of a former New York City insulation service company pleaded guilty today to a three-count indictment charging him with conspiring to rig bids on contracts for re-insulation services to New York Presbyterian Hospital (NYPH), conspiring to defraud the Internal Revenue Service (IRS), and filing a false tax return, the Department of Justice announced.

David B. Fein, United States Attorney for the District of Connecticut, today announced that Jeffrey Weisman, 43, of New Haven, waived his right to indictment and pleaded guilty yesterday before United States District Judge Janet C. Hall in Bridgeport to one count of conspiracy to commit mail fraud, wire fraud, and bank fraud.

The chairman of a failed west suburban bank pleaded guilty today to engaging in a scheme involving making false statements in regulatory documents regarding his undisclosed personal interest in loans that resulted in the bank losing more than $680,000.

Carmine C. Inteso, Jr., the former mayor of the Township of Toms River, New Jersey, was arrested late last night on tax evasion charges by IRS–Criminal Investigation and FBI special agents upon his return to the United States from Afghanistan, where he had been working as a contractor, U.S. Attorney Paul J. Fishman announced.

U.S. District Judge Catherine C. Blake sentenced Baltimore Police officer Jaime Luis Lugo, age 36, of Aberdeen, Maryland, today to two years in prison, followed by two years of supervised release, for conspiring to commit and committing extortion under color of official right in connection with a scheme in which brothers Hernan Moreno and Edwin Mejia paid Lugo and over 50 other officers to arrange for their car repair company, Majestic, rather than a city-authorized company, to tow vehicles from accident scenes and make repairs.