Thursday, March 08, 2012
By Fred Mogul : Reporter, WNYC News
Governor Andrew Cuomo’s office says it will make good on an anti-fraud law that was passed in 2005 but never enforced until now.
Tuesday, January 31, 2012
Recap from It's a Free Country.
Welcome to Politics Bites, where every afternoon at It's A Free Country, we bring you the unmissable quotes from the morning's political conversations on WNYC. Today on the Brian Lehrer Show, Eric Schneiderman, New York State Attorney General and co-chair of the Residential Mortgage-Backed Securities Working Group, talked about his appointment to co-chair the federal working group examining mortgage fraud.
Thursday, October 20, 2011
The BBC has learned that the British government paid £3.2 million AGEF, an aid agency which has shuttered over allegations of fraud. AGEF's mission was to help resettle failed asylum-seekers sent back to Kabul and to train local people. The British government was aware of problems since 2009, according to the BBC, but continued to pay AGEF until this year. Angus Crawford, correspondent for the BBC, filed this report.
Wednesday, September 21, 2011
The Justice Department made a claim against Full Tilt Poker on Tuesday, saying the website, where millions of members played poker for money, defrauded thousands of people out of more than $300 million. On the site, players created accounts from which they would add or subtract funds during games. The site assured them that they could close their accounts and withdraw the money stored there at anytime, but now federal prosecutors are saying Full Tilt's managers had been taking money from the accounts since April of 2007. Online gambling is a $60 billion a year industry, and is not subject to much regulation.
Thursday, August 11, 2011
This week the New York City Department of Consumer Affairs announced it is issuing 15 subpoenas to companies that promise “debt settlement” services—but in many cases seem unable to deliver. DCA Commissioner Jonathan Mintz joins us to explain the investigation and why the debt settlement industry represented the single greatest consumer fraud of the year.
Thursday, August 04, 2011
For the second time since 2008, a concrete testing laboratory has been indicted for falsifying results of inspections for major private and public projects including the Second Avenue Subway, a LaGuardia Airport Control Tower and the Fulton Street Transit Center.
Wednesday, June 22, 2011
The federal agency overseeing Fannie Mae and Freddie Mac failed to act on almost 100 complaints filed from July 2008 to October 2010, pertaining to possible foreclosure abuse and mortgage fraud at the taxpayer-owned mortgage finance agencies. The companies did not refer the complaints to criminal investigators or other law-enforcement authorities, according to a report issued late Tuesday by the inspector general of the Federal Housing Finance Agency.
Tuesday, June 07, 2011
Mark Seal tells the story of Clark Rockefeller, a stranger-than-fiction tale of a con man who convincingly passed himself off as Rockefeller. The Man in the Rockefeller Suit: The Astonishing Rise and Spectacular Fall of a Serial Imposter looks at the man behind the lie, and how, over 30 years, he boldly assumed a series of false identities, moved up the social ladder on both coasts, and married a rising star businesswoman with a Harvard MBA who believed he was a Rockefeller. When his marriage ended and he was arrested for kidnapping his daughter, his past of astounding deceptions was exposed.
Wednesday, May 04, 2011
A major New York City construction company is charged with defrauding its clients — including The Economist magazine — out of more than $30 million over the past decade.
Friday, April 15, 2011
This week, Washington finally approved a spending bill to fund the government — and then quickly began sparring over competing proposals to cut the deficit. A key figure in the state's pay-to-play pension fund investigation was sentenced, and Madison Square Garden could get a boost thanks to the Knicks and the Rangers.
Tuesday, April 12, 2011
German violin dealer Dietmar Machold lived in an Austrian castle, owned a collection of sports cars and was always impeccably dressed. Over several decades, he allegedly swindled banks, customers and dealers from millions of dollars. It recently all caught up with him.
Wednesday, December 15, 2010
By Kathleen Horan : Reporter, WNYC News
Four consultants have been accused of defrauding New York City of $80 million by steering contracts to shell companies that they controlled. The wife and mother of one of the consultants were also charged. The defendents were charged with conspiracy in Manhattan Federal Court on Wednesday, but haven't entered pleas.
Monday, September 27, 2010
By Ilya Marritz
The pension fund that serves retired New York City workers continued to make payments to at least 14 beneficiaries, even after they died, and those payments were received by living persons not entitled to the money, according City Comptroller John Liu.
Monday, August 09, 2010
Since General David Petraeus took over command of the U.S. mission in Afghanistan more than a month ago, one of his top priorities has been rooting out corruption there. He has intensified efforts to uncover bribery in the Afghan government and watch the workings of U.S. contracting practices. Last week, he was joined in his efforts by Congressman Edolphus Towns, the chair of the House Oversight Committee. The New York Democrat just returned from a trip to Afghanistan where he visited with Petraeus to investigate waste, fraud and abuse of taxpayer dollars.
Friday, July 16, 2010
Wall Street giant Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission in hopes of settling the fraud suit levied on the company back in April. The settlement is pending approval by a federal judge; if approved, it would be the largest penalty ever assessed against a financial firm in the SEC's history.
Monday, April 20, 2009
—New York Times business reporter David Streitfeld on debt consultants
For more, read David Streitfeld's article, Debt Settlers Offer Promises but Little Help
Ads like this one from In Charge Debt Solutions offer consumers hope that they can help resolve disputes with debt colletors: