David B. Fein, United States Attorney for the District of Connecticut, announced that Kevin W. Caffrey, 47, of Wolcott, was sentenced today by United States District Judge Janet C. Hall in Bridgeport to 12 months and one day of imprisonment, followed by three years of supervised release, for his role in his ex-wife’s scheme to defraud Webster Bank of more than $6.2 million.

According to court documents and statements made in court, between approximately May 2000 and May 2006, Caffrey was married to Susan Curtis, who worked in the Property Services Division of Webster Bank. The Property Services Division was responsible for, among other things, the acquisition and leasing of properties for Webster Bank’s Retail Banking business. In 2002, Curtis and Caffrey formed New House LLC and registered the limited liability company with ...

David M. Ketchmark, Acting United States Attorney for the Western District of Missouri, announced that the owner of several used car dealerships in the Kansas City, Missouri metropolitan area pleaded guilty in federal court today to his role in a bank fraud conspiracy that resulted in losses of millions of dollars by several financial institutions.

John A. Hart III, 51, of Kansas City, pleaded guilty before U.S. District Judge Ortrie D. Smith to the charge contained in an information that was filed today in lieu of the September 21, 2011 federal indictment.

JACINTO PADRON, JR., 52, of Roswell, Georgia, was sentenced today by United States District Judge Orinda D. Evans to serve two years in federal prison for participating in a conspiracy to steal U.S. tax return money.

United States Attorney Sally Quillian Yates said of the case, “When a bank employee with access to accounts and authority to override security measures decides to turn to crime, the result is too often a significant loss that goes undetected for too long. This defendant...

A man was nabbed trying to open a fake bank account using a picture of Jack Nicholson.

The man showed paperwork to the authorities containing Nicholson's picture, but not his name. He used an entirely different name.

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 ...

On January 19, 2012, Mark Koehler, 52 years old, of Norfolk, Nebraska, appeared before Magistrate Judge Cheryl Zwart in federal court in Lincoln, Nebraska, waived indictment, and pled guilty to an information charging health care fraud and bank fraud. The information charged, and Koehler admitted, that between January 2007 and January 2010, in his position as bookkeeper and accountant for Heartland Physical Therapy (HPT) in Norfolk, he submitted false claims to Medicare, Nebraska Medicaid, and to various private insurance companies totaling slightly more than $1.4 million.

Former University of North Carolina basketball player Courtney Dupree was found guilty last week of lying about receivables to New York-based Amalgamated Bank to maintain a line of credit for his holding company GDC Acquisitions LLC, which owned lighting and furniture dealers.

Though the jury heard a month long trial, it only took them five and a half hours to deliberate ...

Uri Gofman, Anthony Capuozzo, The Real Asset Fund, Clear Choice Realty and Karka, Inc. pleaded guilty to mortgage fraud crimes covering more than 500 real estate transactions totaling $50 million, involving $44 million in fraudulent loans, and earning $31 million in profits.

Uri Gofman, 39, Beachwood, Ohio, pleaded guilty to eleven (11) counts including; one (1) count of engaging in a pattern of corrupt activity, one (1) count of theft, two (2) counts of money laundering, one (1) count of telecommunications fraud, and six (6) counts of tampering with records.

The leader of a $6.7 million mortgage fraud scheme involving a home in Gates Mills, Ohio, was sentenced to more than 12 years in prison, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio.

Beth Phillips, United States Attorney for the Western District of Missouri, announced that two California men were indicted by a federal grand jury today for a mortgage fraud scheme that defrauded a failed Sugar Creek, Mo., bank of more than $8.5 million.