DOJ Settles $68 Million Predatory Lending Case Against Colony Ridge — Victims Get Nothing
Colony Ridge preyed on Hispanic homebuyers with high-interest seller financing. The $68M DOJ settlement sends zero dollars to victims
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Chicago Man Gets 27 Months for Scam Targeting Active-Duty Troops Through Social Media
Scammers posed as senior military officials on social media and stole $165K from newly enlisted troops. The red flags and your federal protections
Two More COVID Relief Fraud Cases Hit Federal Court — What Legitimate EIDL Borrowers Need to Know
DOJ is still prosecuting EIDL fraud in 2026. If you took a legitimate EIDL loan and can’t repay, that’s different — here are your real options
Detroit Woman Pleads Guilty to Stealing $2.5M in Student Aid Over 10 Years
Michelle Hill pleaded guilty to stealing $2.5M in federal student aid using 80+ fake students at Wayne County Community College. Sentencing August 2026.
Bank VP Caught Stealing $500K Ran Another Fraud While Awaiting Sentencing
Former Tompkins Community Bank VP Timothy Siverd was sentenced to over 9 years in federal prison for two separate fraud schemes. He stole over $500,000 through fake real estate deals, then launched a cleaning company that charged customers for services never performed — while awaiting sentencing for the first crime.
Miami Ring Pleads Guilty to $1.7M Check Fraud and Mail Theft Scheme
Five members of a Miami criminal ring pleaded guilty to stealing $1.7 million through check washing and mail theft using stolen USPS arrow keys. The case highlights a national surge in mail theft-related check fraud, with suspicious activity reports rising 139% since 2020.
SafeMoon CEO Gets 8 Years for Draining $9 Million from Crypto Investors
Quick Answer: SafeMoon CEO Braden Karony was sentenced to 100 months (8+ years) in prison for manipulating cryptocurrency tokens and stealing over $9 million from investors. He bought mansions, sports cars, and custom trucks while draining liquidity pools that investors believed were locked.Another crypto CEO learned that “get rich quick” schemes work great—until you’re the …
Home Sold Without Owner Knowing: 3 Arrested in $1.5M Deed Fraud
A real estate broker and two others were arrested on federal charges for allegedly selling a $1.5 million Burbank home using stolen identities — without the homeowner’s knowledge — and pocketing nearly $975,000 in fraudulent loan proceeds.
Businessman Hid Assets in Bankruptcy. It Cost Him $8.4 Million.
DOJ: Missouri businessman transferred assets to girlfriend’s companies during bankruptcy. Lost his discharge. Now owes $8.4M with no protection.
Bank Employee Stole $2.1M From Elderly Customers Using Insider Access
A former bank employee was found guilty of stealing $2.1 million from elderly customers by hijacking their accounts. He targeted customers who hadn’t enrolled in online banking. Here’s how to protect yourself and elderly family members.
