Advertisement
HomeCollectionsBank Fraud
IN THE NEWS

Bank Fraud

FEATURED ARTICLES
BUSINESS
By Natalie Sherman, The Baltimore Sun | February 11, 2014
A federal grand jury indicted two Garrett County developers Tuesday on charges related to a $3.7 million bank fraud conspiracy. The indictment, announced by U.S. Attorney Rod J. Rosenstein and FBI Special Agent in Charge Stephen E. Vogt, alleges that the two developers, who were involved in land deals together, used fake documents that included false names and inflated sales prices to secure a total of $3.751 million in bank loans for two properties...
ARTICLES BY DATE
BUSINESS
By Natalie Sherman, The Baltimore Sun | February 11, 2014
A federal grand jury indicted two Garrett County developers Tuesday on charges related to a $3.7 million bank fraud conspiracy. The indictment, announced by U.S. Attorney Rod J. Rosenstein and FBI Special Agent in Charge Stephen E. Vogt, alleges that the two developers, who were involved in land deals together, used fake documents that included false names and inflated sales prices to secure a total of $3.751 million in bank loans for two properties...
Advertisement
NEWS
By Tricia Bishop, The Baltimore Sun | September 9, 2011
A 39-year-old Baltimore woman was sentenced to more than two years in federal prison Friday for bank fraud and identity theft, the Maryland U.S. Attorney's Office announced. Phyllis Wilson used her positions working at four assisted living facilities in the Baltimore area to steal identifying information from residents and colleagues — including check books and social security numbers — then bought cell phones, clothes and technology services with it, according to prosecutors. She also used the information to open phony accounts in victims' names and take over existing ones, they said.
NEWS
By Carrie Wells, The Baltimore Sun | August 1, 2013
A Zimbabwe native living in Baltimore was convicted Thursday on charges related to several different fraud schemes in which he was accused of bilking credit unions and the Internal Revenue Service, according to the U.S. Department of Justice. Makushamari Gozo, 40, was first indicted in 2002 on charges he had fraudulently obtained mortgage loans for people who did not intend to pay them off. By October 2004, five businesses Gozo incorporated to make those real estate transactions were forfeited for the state for failure to pay property taxes, federal prosecutors said.
NEWS
By Jeremy Bauer-Wolf, The Baltimore Sun | November 9, 2012
A Baltimore man was sentenced Friday for his role in the death of a witness in a bank fraud investigation. Frank Marfo, 28, received life in prison after being convicted of murder, gun, and fraud conspiracy charges. The victim, 19-year-old Isaiah Callaway, had been accused of working for Marfo and his partner, Tavon Davis, 25, who had concocted a scheme to hire homeless men to steal rent checks and deposit them in fake bank accounts, according to the U.S. Attorney's Office. Callaway was arrested by Baltimore County Police opening one of the bank accounts and was later killed on Davis' orders, fearing Callaway would cooperate with the police, officials said.
EXPLORE
AEGIS STAFF REPORT | September 13, 2011
An Edgewood woman who prosecutors say was the ringleader of a bank fraud and identity theft scheme was sentenced in federal court last week to six years in prison for her role in the conspiracy. According to the Maryland U.S. Attorney's Office, U.S. District Judge James K. Bredar sentenced Latesha Brown, 33, on Sept. 7 to six years in prison, followed by seven years of supervised release, for bank fraud conspiracy and aggravated identity theft in connection with a scheme to obtain fraudulent loans from credit unions where Brown worked.
NEWS
By Brenda J. Buote and Brenda J. Buote,SUN STAFF | March 2, 1997
FBI agents arrested a Baltimore man Friday and charged him with using a personal computer and other equipment to create counterfeit checks in a sophisticated scheme to bilk banks in three states out of more than $220,000.Richard Tirrell Terry, 23, of the 5100 block of Harford Road was arrested about 11 a.m., said Special Agent Kevin L. Perkins. Terry appeared before Magistrate Judge Paul M. Rosenberg and was released pending his arraignment March 14.Terry, who also used the name "Perrie Thedan," has been charged with seven counts of bank fraud.
NEWS
By Michael James and Michael James,SUN STAFF | October 7, 1998
A prominent Prince George's County land developer and his lawyer were accused yesterday of running a multimillion-dollar "shell game" that defrauded two banks during slick maneuverings in high-powered real estate deals.Daniel I. Colton of the former real estate company Colton and Laskin Inc. and attorney Ellis J. Koch are charged with conspiracy and bank fraud for shielding assets from banks looking to collect on defaulted loans, federal prosecutors said."They concealed, like a pea under a shell, $2.1 million," Assistant U.S. Attorney Dale P. Kelberman told jurors in opening statements yesterday in U.S. District Court in Baltimore.
NEWS
By Michael James and Michael James,Staff writer | January 26, 1992
A Columbia woman accused of stealing $93,000 from a local bank through a check-kiting scheme pleaded not guilty Friday to federal chargesthat her lawyer called "excessive and unusually severe."Lavida B. Smith, 40, an employee of the Howard County Department of Finance, entered her plea before U.S. Magistrate Paul M. Rosenberg in federal court in Baltimore.Smith's attorney, Samuel Hamilton of Silver Spring, said after the arraignment hearing that the criminal bank-fraud charges against Smith are not warranted and should be dropped.
NEWS
By Michael James and Michael James,SUN STAFF | November 7, 1997
A Nigerian national serving seven years in federal prison for attempting to run over a Secret Service agent was convicted yesterday of stealing more than $200,000 in an intricate bank fraud scheme.Akinola Obayanju, 36, pleaded guilty to money laundering and bank fraud in the scheme, in which he forged checks from legitimate businesses so that he could make large withdrawals for himself. Obayanju is suspected of funneling much of the money to Nigeria, prosecutors said.Assistant U.S. Attorney Andrew C. White said Obayanju made high-quality copies of checks drawn on accounts belonging to an Atlanta law firm and a Greenwich, Conn.
NEWS
By Kevin Rector, The Baltimore Sun | December 3, 2012
A 25-year-old Baltimore man who pleaded guilty to murder-for-hire and witness-murder conspiracy charges this year in the 2011 killing of a 19-year-old associate was sentenced Monday to 35 years behind bars, plus five years of supervised release, according to the Maryland U.S. attorney's office. Tavon Dameon Davis ordered the hit on 19-year-old Isiah Callaway after Callaway was arrested trying to open fraudulent bank accounts in Baltimore County in December 2010, prosecutors said.
NEWS
By Jeremy Bauer-Wolf, The Baltimore Sun | November 9, 2012
A Baltimore man was sentenced Friday for his role in the death of a witness in a bank fraud investigation. Frank Marfo, 28, received life in prison after being convicted of murder, gun, and fraud conspiracy charges. The victim, 19-year-old Isaiah Callaway, had been accused of working for Marfo and his partner, Tavon Davis, 25, who had concocted a scheme to hire homeless men to steal rent checks and deposit them in fake bank accounts, according to the U.S. Attorney's Office. Callaway was arrested by Baltimore County Police opening one of the bank accounts and was later killed on Davis' orders, fearing Callaway would cooperate with the police, officials said.
NEWS
By Kevin Rector, The Baltimore Sun | July 18, 2012
A 50-year-old Washington man was sentenced to more than three years in prison Wednesday for his role in a 2010 bank fraud scheme that led to almost $1.4 million being siphoned from a Baltimore Housing Authority account, prosecutors said. Keith Eugene Daughtry was also ordered to pay restitution of $1,399,700 in addition to his 41-month prison sentence and five years of supervised release, according to the office of U.S. AttorneyRod J. Rosenstein. Daughtry pleaded guilty in February to allowing his fellow conspirators to use his identity to set up a company that hid the stolen money, and to spending some of the money himself, prosecutors said.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | January 23, 2012
As state attorneys general across the country consider whether to settle with big banks over shoddy and illegal foreclosure practices, some Marylanders are urging Douglas F. Gansler not to sign on the dotted line. Their efforts are part of a nationwide effort to press for investigations and lawsuits instead. Gansler joined other Democratic attorneys general in Chicago on Monday to discuss proposed settlement terms, while their Republican counterparts talked details in a conference call.
NEWS
By Peter Hermann | December 7, 2011
Isiah Calloway's death was reported in a single sentence back in April, a 19-year-old man "found shot inside a vehicle. " To federal authorities, though, Calloway was a potential witness in a bank fraud conspiracy. That is, until prosecutors say, his own attorney divulged sensitive information to his alleged partner. On Tuesday, the Maryland U.S. Attorney's Office announced the indictment of the partner and another man in Calloway's death . At the center of the allegations is the attorney, who was not charged, and who told The Sun's Justin Fenton that he did nothing wrong.
NEWS
September 27, 2011
Two men were sentenced last week in connection with defrauding credit unions where a woman worked who is the sister of one of the men and the girlfriend of the other. Christopher Houston, 34, of Edgewood, was sentenced Thursday by U.S. District Judge James K. Bredar to 33 months in prison followed by five years of supervised release for bank fraud conspiracy in connection with a scheme to obtain fraudulent loans from credit unions where his girlfriend, co-conspirator Latesha Brown, worked.
NEWS
By Matthew Dolan | June 29, 2007
A band of three Baltimore residents bought more than $500,000 worth of imported cars and other luxury goods by using personal information culled from stolen mortgage application files, according to a federal court indictment handed up yesterday. A federal grand jury charged Nekia Ishawn Hunter, 28, Lavon Caldwell, 25, and Faye Marie Jones, 51, with conspiring to commit bank fraud and aggravated identity theft. Separately, another co-conspirator mentioned in the indictment -- Christopher Carson, 39 of Baltimore -- was charged individually through a criminal complaint with identity theft.
EXPLORE
AEGIS STAFF REPORT | September 13, 2011
An Edgewood woman who prosecutors say was the ringleader of a bank fraud and identity theft scheme was sentenced in federal court last week to six years in prison for her role in the conspiracy. According to the Maryland U.S. Attorney's Office, U.S. District Judge James K. Bredar sentenced Latesha Brown, 33, on Sept. 7 to six years in prison, followed by seven years of supervised release, for bank fraud conspiracy and aggravated identity theft in connection with a scheme to obtain fraudulent loans from credit unions where Brown worked.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.