The pastor, Eligio Regalado, and his wife, Kaitlyn Regalado, spent more than $1 million of investor funds on home renovations, plane tickets and au pair services, prosecutors said.
Category: Frauds and Swindling
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Mike Lynch’s Estate Ordered to Pay Hewlett Packard $945 Million
The technology giant had accused the British mogul, who died last year when his yacht sank, of fraud in the sale of his company in 2011.
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Help! My Debit Card Issuer Won’t Cover a Thief’s Cash Withdrawal.
A thief swiped a traveler’s wallet at the Barcelona airport and later used her card to take out more than $1,100 in cash. Why was her fraud claim denied?
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Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.
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A Paychex 401(k) Rollover Leads to a Six-Figure Theft at Chase Bank
A thief stole 401(k) checks out of the mail. But why was Paychex, a major industry player, using paper at all given how often check fraud happens?
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Elizabeth Holmes’s Partner Has a New Blood-Testing Start-Up
Billy Evans has two children with the Theranos founder, who is in prison for fraud. He’s now trying to raise money for a testing company that promises “human health optimization.”
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A New, Full-Bodied Fraud Comes in a Whisky Barrel
Small investors in Britain and Ireland have fallen prey to companies selling casks that turn out to be untraceable or nonexistent.
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Whiskey Fraud Strikes Britain and Ireland
Small investors in Britain and Ireland have fallen prey to companies selling casks that turn out to be untraceable or nonexistent.
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The Cybercriminals Who Organized a $243 Million Crypto Heist
How luxury cars, $500,000 bar tabs and a mysterious kidnapping attempt helped investigators unravel the heist of a lifetime.
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Some Online Scam Victims Can Now Seek Tax Relief on Firmer Ground
The Internal Revenue Service issued a memo last month that said victims of certain impersonation and investment schemes might be eligible for a tax break.
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Medicare Bleeds Billions on Pricey Bandages, and Doctors Get a Cut
Medicare spending on “skin substitutes” made of dried placenta has soared as doctors pocket lucrative discounts from sellers.