SAC Capital is a hedge fund giant based in Connecticut. The company has been the source of a growing investigation into securities fraud based on insider trading. A 40-year-old portfolio manager was arrested this week and has been charged with conspiracy and...
A well-known real estate agent in Cape Coral pleaded guilty to bank fraud, mail fraud and wire fraud earlier this month. The case is one of many that make up an "alarming trend" in Southwest Florida, according to federal agents. Arrests and prosecutions for investor...
New legislation was introduced today to create a new safety valve regarding the mandatory sentencing guidelines pertaining to federal crimes. The Justice Safety Valve Act of 2013 would give federal judges a safety valve, allowing them to sentence a person to less than...
The Miami office of the Federal Bureau of Investigation and the U.S. Justice Department announced that two more people have pleaded guilty in connection with the Health Care Solutions Network Inc. health care fraud scheme. The two people, a licensed therapist and...
In recent years, Florida has become the center of fraudulent activity according to many. South Florida, particularly Tampa and Miami, has seen a sharp increase in arrests and prosecutions for many types of fraud. Florida is now considered the hub of mortgage fraud,...
In 2010, Kevin Ring was convicted of providing illegal gratuities, honest services wire fraud and conspiracy. As an associate of Jack Abramoff, Mr. Ring was convicted in part for providing meals, tickets to events and other perks to government officials illegally in...
A U.S. District Judge called for more flexible sentencing guidelines at a legal conference in Las Vegas last week. He indicated that the present guidelines have led to irrational sentences in white collar criminal cases. The current guidelines stopped being mandatory...
According to the latest quarterly report from Interthinx, Florida was the state with the highest rates of mortgage fraud during the fourth quarter of 2012. The report categorizes mortgage fraud risk by state, by ZIP code, by property valuation and by occupancy....
A former financial planner at the Tampa company WellCare pleaded guilty to conspiring to defraud the Medicaid program. He is now testifying in the criminal trials against four executives of WellCare in connection with the same Medicaid fraud activities. The company is...
