fraud

Capital Region News
4:26 pm
Wed August 7, 2013

Albany Brokers Sentenced For $4M Ponzi Scheme

Credit Tax Credits, flickr

Two upstate New York investment brokers have been given federal prison sentences for diverting more than $4 million of their clients' funds to pay personal expenses, their firm's employees and its preferred clients.

Local media outlets report that 65-year-old Timothy McGinn of Clifton Park was sentenced Wednesday to 15 years and 68-year-old David Smith of Saratoga Springs got 10 years. A federal judge in Utica also ordered them to pay $5.7 million in restitution and costs.

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WAMC News
4:46 pm
Tue July 23, 2013

Troy Woman Accused of One Fund Scam Fights Extradition

Credit Ninian Reid/Flickr

An upstate New York woman accused of scamming almost half a million dollars from the fund for Boston Marathon bombing victims is fighting extradition to Massachusetts. Troy City Court officials say 26-year-old Audrea Gause refused Tuesday to waive her right to an extradition hearing and go voluntarily to face a larceny charge.

The Troy woman was arrested Friday. She's being held on a fugitive warrant.

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New England News
11:00 pm
Wed August 22, 2012

MA Loses Millions to Public Assistance Fraud

State auditor Suzanne Bump says Massachusetts has lost more than $5.5 million to fraud in public assistance during the financial year that ended in June. WAMC’s Lucas Willard has more…

Bump's office documented the losses in a final report of the 2012 fiscal year that was released Wednesday.

The Supplemental Nutrition Assistance Program, or food stamps, accounted for most of the fraud, at nearly $1.7 million.

The report comes shortly after the state passed a law that would enact stricter penalties for food stamp trafficking and restrict cash assistance purchases.

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WAMC News, North Country News
4:00 pm
Fri July 13, 2012

State Police Veteran Faces Charges

James Deeghan
Vermont State Police

A 22-year veteran of the Vermont State Police who resigned after possible time-sheet fraud is facing charges.

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New York News
7:38 am
Fri May 4, 2012

Former NY Senate Leader Re-Indicted in Court

The former New York Senate majority leader faces new federal fraud charges after his earlier convictions were overturned last year. WAMC's Dave Lucas reports...

Former Senate Joseph Bruno pleaded not guilty Thursday to two counts of honest services fraud in federal court in Albany. He was released without bail.

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New England News
8:42 am
Wed April 4, 2012

Former MA Treasurer Cahill Faces Arraignment

Ex-state treasurer Timothy Cahill and two former aides are scheduled to appear in court to face ethics charges.  WAMC's Tristan O’Neill reports...

Cahill will be arraigned later today at Suffolk Superior Court.

He’s facing public corruption charges for his alleged role in orchestrating an advertising campaign for the state lottery, funded with taxpayer dollars. Prosecutors said the television ad was really intended to boost Cahill's failed 2010 campaign for governor.

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New England News
8:40 am
Tue April 3, 2012

Former MA Treasurer Cahill Indicted on Corruption Charges

Former Massachusetts State Treasurer Timothy Cahill has been indicted on corruption charges stemming from his failed run for governor in 2010.   WAMC's Paul Tuthill reports…

The charges against Cahill announced Monday by Massachusetts Attorney General Martha Coakley allege that he directed the Massachusetts State Lottery to use $1.5 million in taxpayer funded advertising to promote his gubernatorial bid...

"We allege that's an unwarranted, unfair, and unlawful advantage and it's criminal in Massachusetts."

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North Country News
8:23 am
Tue April 3, 2012

VT Judge Orders Company to Pay $2M Fine

A Vermont judge has ordered a Texas debt settlement company to pay a fine of $2 million in a consumer fraud case.  WAMC’s North Country Bureau Chief Pat Bradley reports...

Credit Solutions of America also must pay full refunds to 207 Vermonters totaling about $350,000.

The Vermont attorney general's office had sued both CSA of Dallas and its owner, Doug Van Arsdale, in July 2010, accusing them of using unsubstantiated claims that people can reduce their debt "in 60 seconds" to advertise its services.

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