Mobile, AL

New York City, NY

Three real estate investors have pleaded guilty to defrauding lenders out of more than $119 million in a multifamily mortgage fraud scheme. Fredrick Schulman, 72, of New York, Chaim "Eli" Puretz, 29, of New Jersey, and Moshe "Mark" Silber, 34, of New York, have all pleaded guilty to one count of conspiracy to commit wire fraud affecting a financial institution.

Three realtors plead guilty in multifamily mortgage fraud ring

Austal USA LLC has pled guilty and has agreed to pay $24 million to resolve an investigation by the U.S. Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense Contract Audit Agency (DCAA) during a financial capability audit. The Justice Department’s criminal resolution was coordinated...

Austal USA Pleads Guilty to Fraud Scheme

Military.com

USAA has agreed to pay $64.2 million to settle a class-action lawsuit alleging that its banks improperly charged fees and high interest rates that violated federal protections for service members who held loans.Under the agreement released Friday, defendants USAA Federal Savings Bank and USAA Savings Bank -- the company's credit card subsidiary that is now part of USAA Federal Savings Bank -- did not admit any wrongdoing but agreed to pay roughly 210,000 members to settle a case filed in November 2021.In the suit, four plaintiffs alleged the banks did not lower interest rates or fees in compliance with the...

USAA to Pay $64.2 Million to Service Members in Settlement over Improper Bank Fees, Interest

Reuters

(Reuters) - TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety record and concealing three insiders' control of a Chinese trucking rival.

Self-driving truck company TuSimple settles fraud lawsuit for $189 million

Autonomous driving technology provider TuSimple on Monday agreed to a $189 million settlement after being accused of defrauding shareholders. According to reports, all defendants denied any wrongdoing in agreeing to the settlement. The case, filed in federal court in San Diego, centers on claims that TuSimple inflated its safety record...

TuSimple plans to settle federal fraud lawsuit for $189M

Texas State

No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance or with access to the executive suite — into initiating a bank transfer of company funds to a bank account controlled by the fraudsters. These schemes can involve the hacking of email accounts used by executives to send fraudulent instructions to staff on their behalf, or even use deepfakes in efforts to trick unsuspecting employees into transferring funds.

Texas firm says it lost $60M in a bank wire transfer scam

A new scam is hitting US bank accounts by starting with an unusual target – people’s photos on social media. In a warning to consumers, the Federal Trade Commission (FTC) says the scam begins with unsolicited messages on social media from someone who says they like a photo you took, and are willing to pay thousands of dollars to use it in a painting.

New Bank Scam Boosts Account Balances, Tempts Targets Into Giving Their Money Away: FTC Warning

BGR.com

After suffering two data breaches in recent years, Cash App has agreed to settle a class action lawsuit. As a result, anyone who has had a Cash App account since 2018 is potentially entitled to a payout from Block, the company that runs the mobile payment service.
As the settlement website explains, a class action lawsuit alleged that Block, Inc. and Cash App Investing, LLC “were negligent and breached other obligations to users” when personal data was accessed by unauthorized users on two separate occasions in 2022 and 2023. In 2022, a former Cash App employee accessed account data without permission,...

How to claim your share of Cash App’s $15 million settlement

Coffee County, GA

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Daily Coffee Press

Last week, two individuals from Coffee County were charged with trafficking methamphetamine following a search at a residence on Willacoochee Highway. On August 13, detectives with the Coffee County Drug Unit conducted an operation involving Charles Black, which led to a search of his residence on Willacoochee Highway. According to the report, Black left his residence before the warrant was served and was subsequently detained.

Two Charged with Trafficking Methamphetamine After Search in Coffee County

The US Sun

THE deadline is looming to apply for a chunk of a multi-billion dollar settlement. Visa and Mastercard users could be eligible for a one-time payment due to claims that the organizations violated antitrust laws. Such laws are in place to ensure consumers and businesses have a right to a competitive industry, rather than the dominance […]

Americans have just weeks to cash in on $5.6bn Visa Mastercard settlement – but don’t worry if you didn’t receive form

IF you're one of the 50 million Americans who use a popular mobile payment app, you may be entitled to a payment from a $15 million settlement. Cash App is facing a class action lawsuit regarding data breaches between 2022 and 2023. The suit alleges that Cash App failed to...

Americans can claim up to $2,500 from $15 million mobile payment service settlement – you must meet three criteria

Maine State

Sagadahoc County, ME

Lewiston, ME

The Maine Monitor

Editor’s note: This story contains references to suicide. When a bill to strengthen Maine’s yellow flag law went into effect earlier this month, Sagadahoc County Sheriff Joel Merry said he felt a sense of relief.

Law enforcement officers can now get a warrant to take someone into protective custody

CBS News

Current and former Cash App users may be eligible for a portion of a $15 million settlement following a lawsuit over data and security breaches. The settlement, which does not admit liability, allows affected users to claim reimbursement for unauthorized transactions and out-of-pocket losses.

How to receive money from the Cash App data breach settlement

USA TODAY

Shoemaker Hey Dude has agreed to pay a $1.9 million dollar settlement to the FTC. Thousands of customers could qualify for a payout.

Popular shoemaker Hey Dude to pay $1.9 million to thousands of customers in FTC settlement

Who: A court-appointed receiver for SiliconSage Builders Inc. filed a lawsuit against JPMorgan Chase Bank NA. Why: The lawsuit alleges that Chase Bank employees enabled a Ponzi scheme targeted at retail investors. Where: The Chase Bank Ponzi scheme lawsuit was filed in California federal court. A new Chase Bank lawsuit...

Chase Bank aided Ponzi scheme with real estate developer, lawsuit claims

MILLIONS of dollars in settlement money are up for grabs thanks to a 2020 data breach. A healthcare company is dishing out payments of up to $11,500 to eligible Americans, and just a receipt is required. MCG Health is a healthcare information services company that specializes in software solutions. The company was sued over a data […]

Americans can still claim one-time payment worth $11.5k from $8.8m data breach settlement – a receipt is all you need

Atlanta, GA

The chief executive and founder of an Atlanta-based financial consulting firm is also the leader of a $300 million Ponzi scheme who used investors’ cash to fund his own luxurious lifestyle, according to federal regulators. Suggested Reading. The Securities and Exchange Commission (SEC) on Wednesday charged Drive Planning CEO...

A finance CEO's $300 million Ponzi scheme funded a 'lavish' lifestyle, authorities say

One group is seeking an emergency injunction citing the Supreme Court’s repeal of the Chevron Doctrine

Discrimination relief payments begin as some Black farmers ask courts to include heirs in program

Kansas State

Elkhart, KS

Ex-Bank CEO Sentenced to Over 24 Years for $47 Million Cryptocurrency Fraud. Shan Hanes, former CEO of a bank, has been sentenced to more than 24 years in federal prison after embezzling $47 million in a cryptocurrency fraud scheme. Shan Hanes, the former CEO of Heartland Tri-State Bank, was reportedly ensnared in a “pig butchering” scam, where he was deceived into purchasing cryptocurrency to unlock supposed returns on investments that never materialized.

Former Kansas bank CEO Shan Hanes jailed for stealing $47 million in crypto scheme

Georgia State

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

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NewsBreak

Austal USA Pleads Guilty to Accounting Fraud, Agrees to Pay $24 Million Settlement

Austal USA, a Mobile, Alabama-based shipbuilder for the U.S. Navy and Coast Guard, has pleaded guilty to securities fraud and obstruction of a federal audit. The...

Austal USA Pleads Guilty to Accounting Fraud, Agrees to Pay $24 Million Settlement

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