by John Floyd | Jul 3, 2019 | Bank Fraud, Federal Criminal Law, Fraud
The CEO of the Teachers Federal Credit Union recently pled guilty to federal bank fraud for assisting a former state senator obtain a fraudulent loan. Federal prosecutors charged that the CEO loaned $10,000 to the former state senator currently serving 12 years in...
by John Floyd | Mar 12, 2019 | Bank Fraud, Criminal Justice Reform, Tax Evasion
A Texas African-American woman was sentenced last March to five years in a state prison because she voted illegally in the 2016 presidential election. Crystal Mason ran afoul of Texas’s voting laws because she was on federal supervised release from a fraud conviction...
by John Floyd | Mar 12, 2018 | Bank Fraud, Corporate Fraud
In October 2017, The Crime Report said that “white-collar crime is a growth industry.” The Wells Fargo Bank scandal illustrates this point more than any other corporate crime in modern American history. Last September Steve Hochstadt, writing in the LA Progressive,...
by John Floyd | Sep 6, 2017 | Bank Fraud, Forfeiture
Federal forfeiture statutes authorize a dirty business—the taking of an individual’s assets the government believes are tied to criminal activity, for both convicted and un-convicted activity. For example, 18 U.S.C. § 1345 permits a federal district court to ze,...
by John Floyd | May 24, 2017 | Account Takeover Fraud, Bank Fraud
Any online banking accounts or credit cards are subject to fraudulent takeover. There was a time not so long ago when fraudsters targeted credit card numbers. With the advent of EMV chip-card technology, credit card fraudsters are now going after a complete account...
by John Floyd | Nov 11, 2016 | Bank Fraud, Corporate Fraud, White Collar Crime
The Consumer Financial Protection Bureau (CFPB) is a government agency charged with the responsibility of making sure that banks, lenders and other financial institutions treat consumers fairly. After conducting a lengthy investigation, the CFPB assessed a $185...
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