PYMNTS
AUGUST 7, 2020
District Court for the Southern District of Florida with wire and bank fraud and conspiracy for seeking $24 million in forgivable PPP loans. The accused include Darrell Thomas, 34, of Johns Creek, Georgia; Andre Lee Gaines, 66, of Dallas, Georgia; Kahlil Gibran Green Sr., In Florida, nine defendants have been charged in the U.S
PYMNTS
OCTOBER 9, 2020
8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8 million in federal Paycheck Protection Plan (PPP) funds, which are backed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Federal prosecutors on Thursday (Oct.
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PYMNTS
FEBRUARY 23, 2020
Krasovec is now suing the Dallas, Texas bank, maintaining that PlainsCapital didn’t have anti-fraud protocols in place. subsidiary of Japan’s largest financial media organization, was the victim of a $29 million wire transfer fraud. It could be anybody.”. In November , Nikkei, the U.S.
PYMNTS
FEBRUARY 17, 2020
The travel industry may have seen exceptional growth in recent years, but the space has also toted the heavy baggage of rising fraud costs. Fraud could cost the market more than $25 billion this year, and approximately 20 percent of attempted travel-related transactions are confirmed to be fraudulent.
PYMNTS
NOVEMBER 8, 2018
According to the FTC , the company violated the settlement struck in 2012 that stemmed from charges that the company had aided and abetted wire fraud. Court documents stated that the revised fraud prevention system that was put in place after the settlement was ineffective. This announcement came separately on Thursday.
PYMNTS
JANUARY 30, 2018
In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. must comply with federal securities laws.
PYMNTS
DECEMBER 13, 2018
The report, citing court proceedings in Dallas, reported that AriseBank Founder Jared Rice and Co-founder Stanley Ford took around $4.25 The report, citing court proceedings in Dallas, reported that AriseBank Founder Jared Rice and Co-founder Stanley Ford took around $4.25 AriseBank, a startup that ran afoul of regulators in the U.S.
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