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Preet Bharara

Lebanese Financial Institutions Linked to Hizballah Allegedly Wired Over $300 Million Into The United States In Money Laundering Scheme

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Announced earlier last week was the filing of a civil money-laundering and in rem forfeiture complaint alleging a massive, international scheme in which Lebanese financial institutions, including a bank and two exchange houses linked to Hizballah, used the U.S. financial system to launder narcotics trafficking and other criminal proceeds through West Africa and back into …

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Former President And Finance Director Of The Speculated US Posterscope Accused Of A $20 Million Accounting Fraud

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Earlier this month it was announced that the former president and finance director of one of the world’s largest outdoor advertising companies (speculated to be US Posterscope), have been accused of engaging in a five year long $19.75 million accounting fraud. Allegedly the men made it appear that their company was meeting certain performance targets …

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All Aboard The Fraud Express! $1 Billion Ticket To Ride!

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There’s not many fraud stories that cross my desk now that make me drop my jaw. I mean, really, a scam is a scam is a scam. But this doozy, oh this one has me sitting here looking like the kid from the Home Alone movies: hands flat on the sides of my face, jaw …

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Nine More Charged In Fraud Of Holocaust Survivor Programs

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Charges have been announced against nine more participants in a scheme that defrauded programs that were established to aid survivors Holocaust survivors of of Nazi persecution out of over $57 million. Thus far, 30 have been charged in connection with this scheme and the nine newly announced fraudsters include: Henry Gordin, Genrikh Kolontryrskiy, Viktor Levin, …

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Liberty Title Agency President Sentenced Jail Time For Embezzlement

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Brian Madden, former president and co-founder of Liberty Title Agency LLC (“Liberty Title”), was sentenced to 20 months in prison on September 20, 2011. Madden misappropriated and embezzled escrow and other client funds from his company to two other insurance agencies that he controlled and operated in New York. Last December he pled guilty to …

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