NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

Social Media Money Flipping Scam — FBI

The FBI Las Vegas Field Office wants to educate the public about a scam taking place using social media platforms and banking apps to solicit large sums of cash from victims. Money Flipping The FBI has alerted social media companies of a series of legitimate accounts being hijacked by scammers advertising unrealistic money flipping opportunities. … Read more

‘We are coming for you’

DETROIT – People who defrauded the government over COVID pandemic money have been using taxpayer money to buy cars, jewelry and more – but the FBI says they won’t get away with it for long. Now, the Detroit FBI office is working on dozens of active cases regarding pandemic fraud. For some, they filed fake … Read more

ED arrests Karnal-based businessman in Rs 155 crore money laundering case

The Enforcement Directorate has arrested a Karnal-based businessman under the anti-money laundering law in a case linked to alleged bank loan fraud of Rs 155 crore, the agency said on Wednesday. Ashok Kumar Mittal, director of Mahesh Timber Private Limited, was taken into custody and produced before a special Prevention of Money Laundering Act (PMLA) … Read more

Real estate professionals – look out for moving company scammers

Moving fraud is an increasing reality for many real estate clients who look to moving companies for help when buying, selling or renting. Complaints of fraud against moving companies have increased recently, particularly during the moving boom of 2020-2021. At the outset of the pandemic, many households chose to move amidst the freedom which came … Read more

NC man accused of operating $ 7 million Ponzi scheme to fund ‘lavish’ lifestyle :: WRAL.com

By Maggie Brown, WRAL multiplatform producer Charlotte, NC – The US Securities and Exchange Commission on Thursday charged a North Carolina business consultant with fraud in connection to operating a $ 7 million Ponzi scheme, according to a news release. The federal government alleges that at least 75 North Carolina residents were defrauded by Wynn … Read more

Charlotte businessman ran $ 7 million Ponzi scheme, SEC alleges

The US Securities and Exchange Commission has charged a Charlotte resident with operating a $ 7 million Ponzi scheme and defrauding at least 75 investors. A Charlotte businessman has been charged with operating a $ 7 million Ponzi scheme and defrauding dozens of local investors to fund his “lavish lifestyle,” the Securities and Exchange Commission … Read more

Mystery business using northern Colorado man’s home address

NORTHERN COLORADO (KDVR) – A northern Colorado man tells FOX31 that a business is using his home address on its website and he can’t get anyone to take it down. The man, identified for privacy reasons as Rich, tells FOX31 he was looking at repair services when he made the discovery. “A little scary knowing … Read more

Utah man federally sentenced, used kickback scheme to fund lavish lifestyle

SALT LAKE CITY (ABC4) – A Utah man has been sentenced to federal prison for operating a lucrative kickback scheme used to line his own pockets. The US Attorney’s Office in the District of Utah says Nan Ma, 39, from Washington, Utah has been sentenced to 33 months in federal prison and ordered to pay … Read more