Name | Title | Victim Institution/Program Targeted | Conviction Date | Status |
---|---|---|---|---|
Michael Mendlowitz | Chief Executive Officer & President, Commerce Payment System | TD Bank, Chase Bank, and Bank of America | 05-23-2019 | Sentenced to one year in prison and ordered to pay $617,116 forfeiture. Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Michael Mendlowitz | Chief Executive Officer, President; Commerce Payment Systems | TD Bank, Chase Bank and Bank of America | 05-23-2019 | Convicted, sentencing pending. Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Richard D. Hart | Salesman; Commerce Payment Systems | TD Bank, Chase Bank and Bank of America | 01-10-2019 | Sentenced to 1 year and 1 day in prison. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. |
Daniel Carpenter | Managing Director; Charter Oak Trust | Lincoln National Corp | 06-06-2016 | Sentenced to 2 years 6 months in prison. Convicted of violating 18 U.S.C. § 1341 Mail Fraud; 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud; 18 U.S.C. § 1956 Laundering of monetary instruments; 18 U.S.C. § 1956(h) Conspiracy to commit money laundering; 18 U.S.C. § 1957 Engaging in monetary transactions in property derived from unlawful activity. |
Denise Bruce | Owner; Madison Title Services | JP Morgan Chase & Co.; Bank of America; Washington Mutual Bank; Fremont Investment & Loan; World Savings Bank; HSBC Mortgage Corporation; Emigrant Mortgage Company | 05-25-2016 | Sentenced to 2 years in prison. Convicted of violating 18 U.S.C. § 1344 Bank Fraud. |
Jesus Fernando Montes | Salesman; Greenfield Advisors | Federal government through TARP | 05-18-2016 | Sentenced to 1 year 6 months in prison and ordered to pay $686,233 in joint and several restitution; $903,561 forfeiture. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Matthew Kleinsmith | Operator; Park Capital Group LLC | Integra Bank | 10-21-2015 | Sentenced to 5 years probation and ordered to pay restitution of $3,048,163. Convicted of violating 18 U.S.C. § 1343 Wire Fraud. |
David Devers | Operations Manager; Commerce Payment Systems | TD Bank, Chase Bank and Bank of America | 10-02-2015 | Convicted, sentencing pending. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud; 18 U.S.C. § 1343 Wire Fraud. |
Grady Fricks | No Title | Federal government through TARP | 05-29-2015 | Sentenced to 1 year 6 months in prison and ordered to pay restitution of $736,000. Convicted of violating 18 U.S.C. § 1344 Bank Fraud. |
Carla Lee Miller | Escrow Agent; Escrow Professionals | Federal government through TARP | 04-02-2015 | Sentenced to 8 months in prison and ordered to $51,800 restitution. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Xue Heu | Owner; Greenfield Advisors | Federal government through TARP | 03-30-2015 | Sentenced to 5 years 3 months in prison and ordered to pay $403,469 in restitution. Convicted of violating 18 U.S.C. § 1343 Wire Fraud. |
Mark Steven Thompson | Web Design; Greenfield Advisors | Federal government through TARP | 12-04-2014 | Sentenced to 1 year 6 months in prison and ordered to pay $634,433 in joint and several restitution; $1,157,887 in forefitures, not including personal property. Convicted of violating 18 U.S.C. § 1343 Wire Fraud. |
Thomas Dickey Price | Escrow Agent; Escrow Professionals | Federal government through TARP | 09-11-2014 | Sentenced to 1 year 6 months in prison and ordered to pay $686,233 in joint and several restitution. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Eduardo Garcia Sabag | No Title | Bank of America Corp. | 08-11-2014 | Sentenced to time served in prison. Convicted of violating 18 U.S.C. § 1005 False Bank entries, reports, and transactions. |
Michael Ramdat | No Title | Wachovia Bank | 02-26-2014 | Sentenced to 1 year 9 months in prison and ordered to pay $421,300 in restitution. Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Marvin Solis | No Title | Washington Mutual Bank | 01-29-2014 | Sentenced to 2 years 3 months in prison and ordered to pay restitution of $230,189. Convicted of violating 18 U.S.C. § 1343 Wire Fraud. |
Joseph Edward Waesche IV | Insurance Agent; Grist Mill Capital LLC | Lincoln National Corp | 12-09-2013 | Sentenced to probation and ordered to pay $569,327 in restitution. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. |
Abraham Kirschenbaum | Agent; Premium Finance Group LLC | AIG (Subsidiary) | 03-07-2013 | Sentenced to 1 year 6 months in prison and ordered to forfeit $1,000,000. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. |
Maurice Kirschenbaum | Agent; Premium Finance Group LLC | AIG (Subsidiary) | 03-07-2013 | Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. Justice Department deferred the sentencing phase, dismissing it without prejudice |
Robert Wertheim | Co-Owner; Premium Finance Group LLC | AIG (Subsidiary) | 02-26-2013 | Sentenced to 1 year 6 months in prison and ordered to pay $7,500 fine. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. |
Julius C. Blackwelder | Organizer; Friend's Investment Group | Bank of America Corp. | 02-20-2013 | Sentenced to 3 years 10 months in prison. Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1957 Engaging in monetary transactions in property derived from unlawful activity. Ordered by the Connecticut Department of Banking to pay restitution of $430,553 and a fine of $300,000, and prohibited by the Department from violating state securities laws. |
David Tamman | Attorney | Federal government through TARP | 11-13-2012 | Sentenced to 7 years in prison and ordered to pay fine of $2,500. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States; 18 U.S.C. § 1519 Falsification of Records; 18 U.S.C. § 1512 Tampering with a witness victim or an informant; 18 U.S.C. § 3 Accessory After the Fact. As a result of securities law violation charges by the SEC, a federal court prohibited further securities laws violations. Also banned from appearing or practicing before the SEC by the SEC. |
John Farahi | President; New Point Financial | Federal government through TARP | 06-07-2012 | Sentenced to 10 years in prison and ordered to pay $24,366,617 in restitution. Convicted of violating 18 U.S.C. § 1341 Mail Fraud; 18 U.S.C. § 1014 Loan and credit applications generally, renewals and discounts; 15 U.S.C. § 77 Unregistered Offer and Sale of Securities; 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. As a result of securities law violation charges by the SEC, a federal court prohibited further securities laws violations. Also prohibited from association with any broker or dealer by the SEC. |
Robin Bruhjell Brass | Owner; BBR Group LLC | Federal government through TARP | 04-25-2012 | Sentenced to 8 years in prison. Convicted of violating 18 U.S.C. § 1341 Mail Fraud. |
Elaheh Amouei | Controller; New Point Financial | Federal government through TARP | 06-27-2011 | Sentenced to 2 years probation. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. As a result of securities law violation charges by the SEC, a federal court prohibited further securities laws violations. |
Karl Rodney | Owner, President; Carib News Inc | Federal government through TARP | 04-14-2011 | Sentenced to 2 years probation and ordered to pay $2,500 fine. Convicted of violating 18 U.S.C. § 1001 Statements or entries generally. |
Bernard McGarry | Chief Operating Officer; Mt. Vernon Money Center | Bank of America Corp; U.S. Bank National Association; Webster Bank; WSFS Financial Corporation | 10-13-2010 | Sentenced to 6 years in prison and ordered to pay $85,151,890 in joint and several restitution; $70,000,000 forfeiture. Convicted of violating 18 U.S.C. § 1344 Bank Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Robert Egan | President; Mount Vernon Money Center | Bank of America Corp; U.S. Bank National Association; Webster Bank; WSFS Financial Corporation | 09-15-2010 | Sentenced to 11 years in prison and ordered to pay $85,151,890 in joint and several restitution; $70,000,000 forfeiture. Convicted of violating 18 U.S.C. § 1344 Bank Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud. |
Gordon Grigg | Owner; ProTrust Management Inc. | Federal government through TARP | 04-29-2009 | Sentenced to 10 years in prison. Convicted of violating 18 U.S.C. § 1341 Mail Fraud; 18 U.S.C. § 1343 Wire Fraud. Banned from association with any investment adviser by the SEC. |
Alain Mazaud | Insurance Agent | Defrauded insurance carriers that were TARP recipients | The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1343 Wire Fraud, which obligated the defendant to pay $334,000. | |
Vincent Passananti | CEO, President; Meridien Financial Group | Defrauded insurance carriers that were TARP recipients | The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1341 Mail Fraud, which obligated the defendant to pay $400,000. | |
Craig Stack | Owner; The Stack Group | Defrauded insurance carriers that were TARP recipients | The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1341 Mail Fraud, which obligated the defendant to pay $120,000. | |
Larry Brian a/k/a Larry Brian Schweiger | Insurance Broker | Defrauded insurance carriers that were TARP recipients | The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1341 Mail Fraud, which obligated the defendant to pay $200,000. |