Jady Brooks, 39, of Atlanta, Georgia and formerly of Norfolk, Virginia, pled guilty today in Norfolk federal court to defrauding Navy Federal Credit Union and filing a false federal tax return. He faces a maximum penalty of 30 years in prison on the bank fraud charge, and three years in prison on the tax charge, when he is sentenced on May 7, 2012.

The government charged three former Credit Suisse traders on Wednesday with inflating the value of mortgage bonds as the housing market collapsed, a rare criminal prosecution of Wall Street executives for their conduct during the financial crisis.

Federal prosecutors contend they deployed the scheme to increase their year-end bonuses.

Mary S. Becker, 57, of Jerseyville, IL, was sentenced in federal court, today, for bank fraud, Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced. Becker received a sentence of 63 months in prison, a $100 special assessment, five years’ supervised release, and mandatory restitution in the amount of $4,450,000.

A former executive of Miami-based Ocean Bank pleaded guilty today in U.S. District Court in Miami to participating in a scheme to accept bribes and to failing to report the income on federal income tax returns, the Department of Justice announced.

Bernard Stromberg, Jr., 40, of Morrisville, Pa., pleaded guilty today to conspiracy to commit bank and wire fraud charges.

Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after the plea was accepted by United States District Judge Arenda Wright Allen.

Stromberg was indicted on October 13, 2011, by a federal grand jury on conspiracy to commit bank and wire fraud charges, engaging monetary transaction in proceeds derived from unlawful activity, and false statement on a loan application. Stromberg faces a maximum penalty of thirty years when he is sentenced on May 1, 2012.

The U.S. Attorney and Postal Inspection Service announced Tuesday that Eric Stein, age 53, had been arrested and charged “with running an investment scam through Return-A-Pet LLC–a Manhattan-based company he operated…” Authorities who investigated Stein’s business say he may have lined his pockets with up to a half-million dollars over the last 3 years by hoodwinking consumers into buying “sham Return-A-Pet distributorships using false and misleading advertisements.”

Yumeitrius Manuel and Margaret Kirksey, both of Montgomery, Ala., pleaded guilty to charges of conspiracy to defraud the government and aggravated identity theft, the Justice Department and Internal Revenue Service (IRS) announced today. Kirksey pleaded guilty today. Manuel pleaded guilty on Jan. 11, 2012. The two had been indicted by a federal grand jury on July 27, 2011, on charges of conspiracy, aggravated identity theft, wire fraud, false claims and lying to federal agents.

A loan officer was sentenced Friday by U.S. District Court Judge William P. Dimitrouleas in Ft. Lauderdale, Fla., for his participation in a nationwide $2.5 million reverse mortgage fraud scheme, the Justice Department announced.

Louis Gendason, 42, of Delray Beach, Fla., was sentenced to 70 months in prison, five years of supervised release and ordered to pay over $2 million in restitution. Gendason was the mastermind ...

A former Wachovia Bank officer was sentenced on Friday to more than two years in federal prison for bank fraud, the U.S. Attorney's Office in Tampa said.

Andrew Vulpis, 30, of Gibsonton, was sentenced to 30 months in federal prison and ordered to repay $1.2 million. Vulpis forfeited a 2007 Volvo S40-5 sedan in partial satisfaction of the money judgment, the U.S. Attorney's Office said.

Prosecutors have charged a former computer programmer at the Federal Reserve with stealing software used to track federal collections and payments.