Fraud

Published on: November 10, 2011

Goldman Sachs Sent Out Many Subpoenas

by Stephen Bilkis

A New York Criminal Lawyer was informed that Goldman Sachs has sent out a bunch of subpoenas related to the mortgage security suit that they settled on last year. The man in charge is known as the Fabulous Fab and he was charged with misleading investors in a mortgage security “scheme” that later fell apart. The Fabulous Fab and several other people from Goldman Sachs were charged in the incident.

The lawyer believes that Goldman Sachs is firing back with a suit of their own. They have been handing out subpoenas to everyone who even has the slightest connection to the case, from Fox News to the world’s banks. The Fabulous Fab is trying to prove that he was not the leader of the fraud that took place at his company, even though the company settled out of court over the matter.

Even though Goldman Sachs settled for a sum of $550 million dollars, The Fabulous Fab has determined that he will prove himself not guilty by building his own defense in the matter. It isn’t clear if he is seeking to get a portion of that money back or if he is seeking a set amount for himself for being wrongly accused in the matter. The NY City Criminal Lawyer says the case will take weeks to process through court and to hear all of the testimony provided by the people subpoenaed. Lawyers in New York and even Staten Island would not comment on exactly how many subpoenas went out or exactly what kind of information they were looking for.

Published on: November 9, 2011

Indictment of Arts Patron

by Stephen Bilkis

Patron of the arts, real estate executive, and general partner are all terms being thrown around about a man accused of defrauding investors of more than six million dollars, declares a NY Criminal Lawyer.

In Dallas a 68 year old real estate executive is under federal indictment for allegedly committing fraud. This patron of the arts is said to have defrauded his investors out of over six million dollars in conjunction with two separate projects. It has been alleged that the real estate executive made false claims and representations to investors to gain funds. However, it has been said that most of the funds were used for things unrelated to the projects. One project in New Mexico and another in Parkwood Crossing in Fort Worth are those that are involved in the alleged scam. It has not yet been declared what the funds were used for, whether other projects or personal use.

The real estate executive’s attorney finds the indictment surprising as it came the day after a settlement was agreed upon between the real estate executive and the investors. The attorney states that the fact that the investors agreed to enter into a settlement and provide affidavits of non prosecution seems to point toward a sentiment of favor toward the defendant. This type of agreement can be seen as unusual in this type of case. The lawsuit that was just settled out of court was not exclusive to the Parkwood Crossing or New Mexico projects though they were included in the overall settlement.

Published on: October 27, 2011

A child support scam

by Stephen Bilkis

Child support payments in Texas didn’t make it to the receiver because of a child support scam that has three suspects. The three pleaded guilty to the crime of mail fraud and aggravated identity theft last Tuesday. They worked for a company that processing child support payments for the state of Texas, reported a New York City Criminal Lawyer. The face 20 years in prison for these charges.

The 3 that plead guilty are among 13 involved in this case. The state of Texas had an 18.2 million dollar contract with Affiliated Computer Services for the child support payments. AFC issued Texas debit cards to child support recipient’s. The 13 people accused in this case took advantage of this contract to pay themselves money, claims a reporter. They actually gave these debit cards to there friends and people they knew in order to pay themselves things.

ACS had been recently bought by Xerox. The new company has paid back the victims at least $275,000, according to the attorney generals office.

Published on: October 23, 2011

A health care scam that involved an Oakland woman

by Stephen Bilkis

A health care fraud conviction involving an Oakland woman was announced Wednesday by federal authorities, according to a NY Criminal Lawyer. This is a medicare scheme. She billed medicare for electric wheelchairs that are considered medically unnecessary.

A one week trial that took place in a California court led to a conviction of health care fraud for this 52 year old woman according to the Human Services department. She will soon be sentenced and could get up to ten years in prison. She will only be sentenced for 1 count as jurors through out the other two counts.

This lady took advantage of the low income elderly in order to bill Medicare for this equipment that was not wanted or needed. She approached people on the street, in nursing homes, and in their homes offering a free power wheelchair if they would hand over all the necessary identification cards including Medicare information. The trial included witnesses from that worked at the San Pablo Hotel, where this lady would sit for long periods of time just waiting for people to come through the lobby that she could approach about these power wheelchairs.

Published on: October 22, 2011

Attorney and Wife Indicted

by Stephen Bilkis

Facing foreclosure on a family home or bankruptcy due to ever rising basic costs is a scary option, but help is available. However, one must consider from where the help is coming. A New York Criminal Lawyer accounts what happened when one attorney decided to help himself instead of his clients.

In Chicago one attorney with the help of his wife decided to defraud clients by promising to help with foreclosure and bankruptcy issues. Clients turned to this Chicago attorney for help in their hour of need and were taken for granted, money stolen, and homes foreclosed on even though payments had been made to the attorney. The attorney was using his client’s money to fund his own goals.

A Lawyer would be one option for representation and given the circumstances this may be the way that the Chicago attorney should precede. The attorney is charged with one count of mail fraud, six counts of bankruptcy fraud and one count of obstruction. His wife is charged with one count of obstruction, two counts of perjury, and one count of bankruptcy fraud. His wife is charged as an accomplice, even though she supposedly did not deal with the clients directly. However, the attorney’s wife lied by completing documents stating that one client had completed a credit counseling course that the client had not completed. The couple told clients that funds paid would be used to make mortgage payments or to complete Chapter 13 bankruptcy plans, but the funds were instead used for the couple’s own benefit, alleges a Criminal Lawyer in New York. It is said that a doctor makes the worst patient and this also holds true for attorneys. This Chicago based attorney should get help from a local Lawyer immediately.

Published on: October 11, 2011

Claudio Osorio and His Wife File for Chapter 11 Bankruptcy

by Stephen Bilkis

High-tech entrepreneur and Miami Beach businessman, Claudio Osorio filed for Chapter 11 bankruptcy this past Friday. Sources have also told a New York Criminal Lawyer that his wife also filed with the embattled Osorio. As part of this filing, the couple has listed assets of $35 million and debts of $13.5 million. There have been some reports; however, that the listing of assets may be questionable, as his former company, InnoVida, which he lost over allegations of misappropriating investor funds last year, is reported to be currently unable to pay debts totaling $2 million. It is alleged that Osorio transferred much of the company’s cash to offshore accounts before giving up control of the company.

Simply filing for protection from creditors in Chapter 11 bankruptcy will not necessarily absolve the Osorio’s from any allegations of possible wrongdoing, however. According to the sources who spoke with a insiders, the Osorio’s are facing numerous legal challenges from a growing list of neighbors, contractors, businesses, and banks, who are seeking to recover as much of their losses as possible. Judgments were already obtained in at least two lawsuits and are listed as debts in the Chapter 11 filing. One lawsuit was from a former neighbor from the exclusive subdivision the Osorio’s had lived. That judgment was for an undisclosed amount as it is still being contested. The monetary amount of the second judgment is listed in the bankruptcy filing. Judgment was awarded to a former contractor that had done work for the Osorio’s. The dollar amount listed in this suit is for $4 million. The Osorio’s bank accounts were garnished because of this verdict.

The NY Criminal Lawyer also learned that their credit card debt is listed at $250,000, which would indicate that the couple was living a lavish lifestyle based on falsehoods, as some of the creditors have commented.

Published on: September 14, 2011

DeLay sentenced for three years for laundering money

by Stephen Bilkis

District Judge Pat Priest of San Antonio sentenced former U.S. Majority Leader Tom DeLay to three years in jail. He was charged with conspiring to launder corporate money into 2002 political donations for several candidates running for election, a New York Criminal Lawyer was told.

He will also serve 10 years on probation for money laundering charges. Previously, DeLay had been sentenced to five years in prison for the charges, but the charges were reduced to 10 years of probation by Judge Priest.

Judge Priest said he agreed with the November 2010 guilty verdict the jury brought back after the trial. He believes DeLay conspired to break the law and that he should be held responsible for what he did. DeLay asked that Judge Priest sentence him instead of the jury who said he was guilty. He would not have received such lenient treatment in the courts of Staten Island and Westchester County.

Published on: September 11, 2011

A 25 year prison sentence for a former Toronto stock broker

by Stephen Bilkis

George Georgiou, a former Toronto stock broker, was involved in a multi-million dollar stock scam and sentenced to 25 years in a federal prison. He was sentenced by a Philadelphia judge on Friday for this international scam which involved Canada, the U.S. and the Caribbean.

This 40 year old former stock broker has to pay 55 million dollars in restitution for this criminal act. Fraud is a common crime in places like Nassau and Suffolk Counties.

A February conviction of conspiracy, wire fraud, and securities fraud, carried a maximum sentence of 165 years, reported by a New York Criminal Lawyer. Because of this conviction the stock broker was banned from trading in Canada for a 10 year period.

Published on: September 7, 2011

Doctors in a Bronx hospital threatened with insurance dismissal

by Stephen Bilkis

Several obstetricians at the hospital, which specializing in high-risk pregnancies have been threatened with insurance dismissal by their indemnity provider, a malpractice insurance group.

On February 10, an official letter of warning was sent to 8 of the 13 active doctors of the hospital with the claim that a third party had encouraged the insurance group to not renew coverage for the hospital. A New York Criminal Lawyer notes that according to the letter, the “method of practice” and “practice environment” common to the doctors at the hospital was deemed “predictive of future claims in excess of the norm, and makes insuring you an unreasonable burden to the other policyholders.” The letter had no indication of the details of malpractice on the part of the doctors. However, this is a serious development which has far-reaching consequences for many.

If the insurance of these doctors were suddenly discontinued, surrounding hospitals that also operate in the Bronx area would find themselves unprepared for and overloaded with a massive influx of pregnant women seeking to give birth in their facilities. As observed by a New York Criminal Lawyer, the hospital in question delivers around 2,700 babies a year on average, mostly high-risk in nature. The details of this “high risk” depiction seem to include women who are teenagers, or suffer from medical issues such as high blood pressure and diabetes. Due to these circumstances, the chief medical officer of another hospital in the area was quoted as saying, “We don’t have the capacity currently to handle these babies… I look at it now as a borough-wide problem. We’d have to come together with the other providers to figure out what to do.”

Published on: August 30, 2011

In Washington D.C.,U.S. Citizen, 4, Deported to Guatemala

by Stephen Bilkis

A NYC Criminal Lawyer learned that a four-year old U.S. citizen was deported to Guatemala by U.S. Customs and Border Protection officials. The little girl was returning to Long Island with her grandfather from visiting relatives in Guatemala when their flight was diverted to Washington D.C.’s Dulles Airport for an unknown reason. While her grandfather did have, a valid work visa that allowed him to travel, customs officials noticed that the man had a prior illegal entry attempt that occurred in the 1990s. They immediately took him into custody.

It was at this point that it is believed that her grandfather went into a panic attack, and was taken to the hospital. All the while, the four-year old girl was detained for nearly a day at the airport without her parents having any knowledge as to either her or her grandfather’s whereabouts. They were still waiting for their flight to land at John F. Kennedy International Airport (JFK), sources reported. By the time that her father realized what was going on, he contacted a border patrol agent and was advised of his limited choices. He was told that either he could allow the four-year old child to be detained in a juvenile facility in Virginia, or she and her grandfather could return to Guatemala. He opted for the later, as he feared that authorities would put her up for adoption.

Sources revealed to New York Criminal Lawyers that Customs and Border Protection officials had little comment on this matter, only to say that the parents are afforded the options of whether to pick up the child, allow the child to be turned over to a juvenile facility, or to return to the country they had just arrived. They further added that since the four-year old girl’s parents are undocumented that if they are caught that there are consequences to their actions and they will be detained. This is not considered to be Fraud and would not be deemed as fraud in The Bronx or Queens.