Articles Tagged with wire fraud

IMG_0367-300x200Michael Bang, of Mesa, Arizona, was indicted on 20 counts of health care fraud, aggravated identity theft, and wire fraud following the investigation of a health care fraud scheme targeting the Colorado Public Employees Retirement Association (COPERA).

According to the Department of Justice, Bang was able to steal around $300,000 through his health care fraud scheme. An investigation by the Federal Bureau of Investigation discovered that Bang had been taking advantage of COPERA’s health insurance program, PERACare, for his role as a retired public employee of Colorado. PERACare utilized Express Scripts to administer the prescription coverage of its patients. Although Bang received prescriptions from the program, he filed for reimbursements for more expensive versions of the drugs he had received or for prescriptions he had not received at all. For several years, the health care fraud scheme orchestrated by Bang was successful and grew to involve three pharmacies.

As part of his health care fraud scheme, Bang forged the signatures of pharmacists, while falsifying the prescription numbers on the submitted reimbursement forms. Bang also requested reimbursements for out-of-pocket expenses that had never been utilized.

F9944B73-7006-4DA2-91E8-1D1BAF75A50E-1-300x200The chief financial officer (CFO) and deputy chairwoman of the Chinese-based tech giant Huawei, Meng Wanzhou, has faced extradition from Canada to the United States after appearing in a Canadian court. This case involves allegations that charge Meng with 13 counts related bank and wire fraud. The company is still standing by Meng in this case, and have stated their support for her as well as their willingness to fight the extradition.

The start of these charges is linked to an alleged long-running scheme that involved Meng and other Huawei officials deceiving banks on a global scale, as well as the U.S. government, in order to go against American sanctions and do business with Iran.

While there are many other reports about the past details of Meng’s case, the main topic at this time is the continued effort by Huawei to support Meng as they fight against these charges.

Adidas-300x200Jim Gatto, the former head of basketball marketing at Adidas, was sentenced to nine months in federal prison following allegations that he committed wire fraud to lure amateur basketball players to Adidas-sponsored programs at numerous universities. Also sentenced were co-defendants, Merl Code and Christian Dawkins, who both must serve six months in federal prison for their participation in the scheme.

The conviction took place in October after it was found that Gatto, Code, and Dawkins, sent payments to amateur basketball players and their families to push them to enroll in Adidas-sponsored programs around the country, including at the University of Kansas, University of Miami, and University of Louisville. Code was a former Adidas consultant, while Dawkins was an aspiring sports agent. In driving amateur players to these universities, it was alleged that the defendants hoped to one day secure their services upon entry into the NBA.

During the trial, the families of each of the defendants were present in the courtroom as the defense presented Gatto, Code, and Dawkins as “family men”.

money-laundering-300x200Two for the most popular apps for millennials and travelers are now being used to launder money for criminal elements. Airbnb and Uber are playing host to a new scheme that turns ill-gotten gains into clean and hard to track cash or cryptocurrency.

Money Laundering Scheme

Add Airbnb and Uber to the growing list of ways criminals are hiding money these days. Experts told CNBC that fake Uber drivers, questionable Airbnb hosts, and cryptocurrency specialists are being recruited via the dark web.