Politics

Former Tinley Park Man Charged with Bankruptcy Fraud for Concealing Seven Luxury Cars Worth $294,000

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Former United Commercial Bank Chief Credit Officer Convicted of Securities and Other Corporate Fraud After Trial

A jury convicted Ebrahim Shabudin Wednesday of seven felony counts of conspiracy, securities fraud and other corporate fraud offenses stemming from the failure of United Commercial Bank (UCB), announced U.S. Attorney Melinda Haag of the Northern...

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Schlumberger Oilfield Holdings Ltd. Agrees to Plead Guilty and Pay Over $232.7 Million for Violating US Sanctions by Facilitating Trade with Iran and Sudan

Assistant Attorney General for National Security John P. Carlin, U.S. Attorney Ronald C. Machen Jr. of the District of Columbia and Under Secretary Eric L. Hirschhorn of the U.S. Commerce Department’s Bureau of Industry and Security announced...

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Jury Convicts Makers of OXYwater for Wire Fraud, Money Laundering and Tax Crimes

On March 25, a federal jury convicted a man from Lewis Center, Ohio, and his business partner of Powell, Ohio, of defrauding their company’s investors and diverting investors’ funds for their own personal use. Preston Harrison and his wife, Lovena E...

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New York City Tax Return Preparer Indicted for Aiding or Assisting in Preparation of False Tax Returns

A federal grand jury in the Eastern District of New York returned an indictment charging a Brooklyn on March 25, New York, tax return preparer with 31 counts of aiding and assisting in the preparation of false federal income tax returns, announced...

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United States Sues to Block San Diego Man Posing as Attorney and CPA from Promoting Bogus Tax Schemes and Preparing Fraudulent Returns

The United States has sued a former attorney and certified public accountant to bar him from promoting and implementing tax fraud schemes and preparing tax returns for others, the Justice Department announced on March 23.

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Former Bechtel Executive Sentenced to 42 Months in Prison and Ordered to Forfeit $5.2 Million in Connection with Kickback Scheme

The former principal vice president of Bechtel Corporation and general manager of a joint venture operated by Bechtel and an Egyptian utility company was sentenced to 42 months in prison for accepting $5.2 million in kickbacks to manipulate the...

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Fireman's Fund Insurance Company to Pay $44 Million to Settle False Claims Act Allegations

Fireman’s Fund Insurance Company has agreed to pay $44 million to settle allegations under the False Claims Act that it knowingly issued insurance policies that were ineligible under the U.S. Department of Agriculture’s (USDA) federal crop insurance...

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