Financial Fraud News Update

Offices of the United States Attorneys   You are subscribed to Financial Fraud news updates. This information has recently been updated, and is now available. Ventura Men Receive Prison Terms for Crime Spree in Which Taco Truck Vendor Extorted, Small Businesses Robbed Last Year 08/08/2024 08:00 AM EDT Two Ventura County men were sentenced today to federal prison terms for their roles in a crime spree late last year in which a taco truck vendor was extorted, two small businesses were robbed, and for fraudulently using debit and credit cards from a victim robbed at gunpoint. Two Rochester men sentenced for their roles in illegal sports betting ring 08/08/2024 08:00 AM EDT ROCHESTER, N.Y.-U.S. Attorney Trini E. Ross announced today that Louis P. Ferrari, II, 42, and Dominic Sprague, 40, both of Rochester, NY, who were convicted of conspiracy to transmit wagering information in interstate commerce and conduct an illegal gambling business, were sentenced to serve three years' probation, to include 10 months home detention, by Chief U.S. District Judge Elizabeth A. Wolford. In addition, Ferrari forfeited $150,000 and Sprague forfeited approximately $92,000 from their gambling proceeds.   New York Man Admits Laundering Proceeds of Elder Fraud and Computer Fraud Schemes 08/08/2024 08:00 AM EDT NEWARK, N.J. – A Queens, New York, man today admitted that he illegally laundered the proceeds of elder fraud and computer fraud schemes. Former Finance Minister of Mozambique Convicted of Fraud and Money Laundering in $2 Billion Scheme 08/08/2024 08:00 AM EDT "Today's verdict is an inspiring victory for justice and the people of Mozambique who were betrayed by the defendant, a corrupt, high-ranking government official whose greed and self-interest sold out one of the poorest countries in the world," stated United States Attorney Peace.  "Chang now stands convicted of pocketing millions in bribes to approve projects that ultimately failed, laundering the money, and leaving investors and Mozambique stuck with the bill." Former Finance Minister of Mozambique Convicted of $2B Fraud and Money Laundering Scheme 08/08/2024 08:00 AM EDT A federal jury in Brooklyn, New York, convicted the former Finance Minister of Mozambique for his role in a $2 billion fraud, bribery, and money laundering scheme that victimized investors in the United States and elsewhere. Owner Of Orlando Company Sentenced To 24 Years In Federal Prison For $57 Million Investment Fraud Scheme 08/08/2024 08:00 AM EDT Orlando, FL – U.S. District Judge Carlos Mendoza has sentenced Avinash Singh (42, St. Cloud) to 24 years in federal prison for wire fraud and money laundering. The court also ordered Singh to forfeit the $57 million in proceeds he obtained from his offenses, as well as real property that he purchased with those proceeds. Singh entered a guilty plea on May 6, 2024. St. Louis County Man Sentenced for Aiding Fraud 08/08/2024 08:00 AM EDT Lavell Caradine worked at a car dealership and sold three vehicles to a man who used the personal information of others to buy and finance the vehicles. Australian National Pleads Guilty to Participating in Drug Trafficking and Money Laundering Conspiracy 08/08/2024 08:00 AM EDT On July 29, Jordan Curry, 42, an Australian national from Dubai, United Arab Emirates (UAE), pled guilty to participating in a conspiracy to launder money and import cocaine from South America through the United States to Australia. You have received this e-mail because you have asked to be notified of changes to the Offices of the United States Attorneys website. GovDelivery is providing this service on behalf of the Executive Office for United States Attorneys, Department of Justice, 950 Pennsylvania Ave., NW · Washington, DC 20530 · 202-514-2000 and may not use your subscription information for any other purposes. Manage your Subscriptions | Department of Justice Privacy Policy  | GovDelivery Privacy Policy Follow the Offices of the United States Attorneys on Twitter: @USAttorneys