Former United Commercial Bank Chief Credit Officer Sentenced to More Than Eight Years on Felony Fraud Conviction
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- Written by IVN
- Category: California News
Oakland, California - Ebrahim Shabudin was sentenced today to 97 months in prison for his role in a securities fraud scheme and other corporate fraud offenses stemming from the failure of United Commercial Bank, announced U.S. Attorney Melinda Haag; Federal Deposit Insurance Corporation, Office of the Inspector General, Acting Inspector General Fred W. Gibson, Jr.; Special Inspector General for the Troubled Asset Relief Program Christy Goldsmith Romero; Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau, Office of the Inspector General, Inspector General Mark Bialek; and FBI Special Agent in Charge David J. Johnson.
Former Fresno Bank Manager and Her Boyfriend Arrested, Charged with Bank Fraud Conspiracy
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- Written by IVN
- Category: California News
Fresno, California - Former bank manager Sylvia Ochoa, 33, and Shanne Leavell, 23, both of Orange Cove, were arrested today for an embezzlement scheme that defrauded the Bank of America of over $600,000, United States Attorney Benjamin B. Wagner announced.
Orange County Attorney Charged with Fraud and Money Laundering in Scheme Related to Real Estate Purchases and Other Investments
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- Written by IVN
- Category: California News
Los Angeles, California - An attorney who allegedly took several million dollars in investment capital from clients and used the funds for personal expenses and luxury items was indicted today by a federal grand jury.
Parsons Government Services Inc. Agrees to Pay $3.8 Million to Settle False Claims Act Allegations
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- Written by IVN
- Category: California News
Pasadena, California - Parsons Government Services Inc. has agreed to pay the United States $3.8 million to settle allegations that the company knowingly mischarged the U.S. Department of Energy (DOE) for ineligible or inflated short-term and long-term employee relocation costs in connection with its contract on the DOE Salt Waste Processing Facility Project (SWPF) at the DOE Savannah River Site in Aiken, South Carolina. Parsons is headquartered in Pasadena, California.
NEC Tokin Corporation to Plead Guilty and Pay $13.8 Million for Fixing Price of Electrolytic Capacitors
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- Written by Justice Department
- Category: California News
San Francisco, California - NEC TOKIN Corp. will plead guilty and pay a $13.8 million criminal fine for conspiring with competitors between 2002 and 2013 to fix prices for electrolytic capacitors sold to customers in the United States and elsewhere.
Eight Indicted in Fraud Case That Alleges $50 Million in Bogus Claims for Student Substance Abuse Counseling
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- Written by Justice Department
- Category: California News
Long Beach, California - Eight people have been indicted for allegedly participating in a scheme that submitted more than $50 million in fraudulent bills to a California state program for alcohol and drug treatment services for high school and middle school students that, in many instances, were not provided or were provided to students who did not have substance abuse problems.
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