Switch to ADA Accessible Theme
Close Menu

Category Archives: Fraud

Back From the Dead: Alleged Fraudster Who Was Declared Dead Arrested in Georgia

By McCabe Rabin, P.A. |

Aubrey Lee Price, an alleged fraudster who was missing and had been declared dead by a Florida judge last year at his wife’s request, was arrested when he was found alive and well in Brunswick, Georgia. According to CBS News, Price was pulled over for having tinted windows that were too dark. During the… Read More »

Facebook Twitter LinkedIn

Alleged Investment Fraudsters Charged After Florida Investors Suffer $3 Million in Losses

By McCabe Rabin, P.A. |

The Florida Office of Financial Regulation (“FL OFR”) announced that six alleged investment fraudsters have been charged with causing $3 million in investment losses to Florida residents. According to FL OFR’s press release, the Broward County Sheriff’s Office arrested five Florida residents – Eddy Ubaldo Marin, Kenneth Saluk, Roberto Alford, Farrell Jeanty, and Peter… Read More »

Facebook Twitter LinkedIn

Five Florida Residents Charged With Fraud Involving Penny Stocks

By McCabe Rabin, P.A. |

The U.S. Attorney’s Office for the Southern District of Florida announced that one Palm Beach and four Broward County residents have been charged with securities fraud in four separate cases involving micro-cap stocks. Ft. Lauderdale resident, Jack Freedman, is charged with securities fraud in connection with Green Planet Group, Inc. (symbol: GNPG). Specifically, Freedman,… Read More »

Facebook Twitter LinkedIn

Consumer Awareness Week

By McCabe Rabin, P.A. |

In honor of Consumer Awareness Week, the Florida Department of Financial Services has added new financial education resources on its website. The OnDemand Library includes short educational videos on a variety of financial and insurance topics. The videos include explanatory materials on such topics as identity theft, annuities, trust mills, and reverse mortgages. In… Read More »

Facebook Twitter LinkedIn

SEC Charges Florida Resident With Fraud Relating to Social Media IPOs

By McCabe Rabin, P.A. |

The Securities and Exchange Commission (“SEC”) has charged Odessa, Florida-resident, and former Oregon gubernatorial candidate, Craig Berkman with allegedly perpetrating securities fraud on 120 investors. According to the SEC, from October 2010 to September 2012, Berkman raised approximately $13.2 million through three separate offerings of membership interests in limited liability companies he controlled. The… Read More »

Facebook Twitter LinkedIn

UBS Securities Japan Co. Ltd. and Parent Company UBS AG to Pay Substantial Penalties for LIBOR Manipulation

By McCabe Rabin, P.A. |

The Justice Department announced that UBS Securities Japan Co. Ltd. (“UBS Japan”), a wholly owned subsidiary of Zurich-based UBS AG, has agreed to plead guilty to felony wire fraud for manipulating the London Interbank Offered Rate (“LIBOR”). The LIBOR is the interest rate at which banks can borrow funds from other banks in the… Read More »

Facebook Twitter LinkedIn

New Jersey Resident Sentenced for His Role in Half-Billion Dollar Fraud Scheme

By McCabe Rabin, P.A. |

Fifty-seven year old Jorge Luis Castillo of New Jersey, was sentenced to more than four years in prison for his role in a scheme that allegedly defrauded thousands of U.S. and foreign investors out of nearly half-billion dollars. Castillo, a certified public accountant and outside auditor for Provident Capital Indemnity Ltd. (“PCI”), pleaded guilty… Read More »

Facebook Twitter LinkedIn

Pembroke Pines Resident Receives 9 Year Sentence for Medicare Fraud

By McCabe Rabin, P.A. |

Vanja Abreu, Ph.D. of Pembroke Pines, Florida, was sentenced to 9 years in prison, followed by 3 years of probation and ordered to pay nearly $73 million in restitution, jointly and severally with her co-defendants, for her role in a $205 million Medicare fraud scheme. In June 2012, a federal jury found Abreu guilty… Read More »

Facebook Twitter LinkedIn

91 Individuals in 6 States Charged with Medicare Fraud

By McCabe Rabin, P.A. |

The Medicare Fraud Strike Force has arrested 91 individuals in Florida, California, Texas, Illinois, New York and Louisiana for their alleged participation in the submission of approximately $429.2 million in false bills to Medicare. The Medicare Fraud Strike Force is a multi-agency task force of federal and state law enforcement officers that focuses on… Read More »

Facebook Twitter LinkedIn

Florida Broker Charged with Investment Fraud and Theft

By McCabe Rabin, P.A. |

According to federal court documents, William T. Johnson, owner of Professional Planning Group (“PPG”), has been charged with stealing more than $500,000 from 13 clients between 2003 and 2011. Through PPG based in Palm Beach Gardens, Johnson offered his clients insurance and investment services such as IRAs and certificates of deposit. An information filed… Read More »

Facebook Twitter LinkedIn