News

On a day like today, Investor News would like to raise awareness of romance fraudsters. According to the FBI, romance scams occur when a criminal adopts a fake online identity to gain a victim's affection and trust. The scammer then uses the illusion of a romantic or close relationship to manipulate and/or steal from the victim. The criminals who carry out...

LOS ANGELES – A Ventura County man who schemed with an Orange County man to illegally acquire disaster relief funds was sentenced today to 51 months in federal prison for fraudulently obtaining more than $1 million in loans intended to help businesses weather the COVID-19 pandemic’s economic fallout. Manuel Asadurian, 66, of Simi Valley, was sentenced by United States District...

Los Ángeles (CA) – La pandemia más letal desde la mal llamada gripe española de 1918, no solo ha dejado una estela de muertes a lo largo y ancho del planeta. También ha puesto de manifiesto la vulnerabilidad de los sistemas sociales, ha desafiado la capacidad de respuesta del aparato sanitario ante una emergencia de gran magnitud y ha...

The U.S. Postal Inspection Service (USPIS) announced today the disbursement of over $115 million to 38,889 victims in connection with fraud schemes processed by MoneyGram International Inc. (MoneyGram). The victims, many of whom are elderly, will recover the full amount of their losses. “This distribution of $115.8 million to nearly 40,000 victims – each of whom is being fully compensated...

Los Angeles (CA) – Los Angeles County District Attorney George Gascón announced today that a 56-year-old woman has been charged with scamming more than a dozen immigrants by pretending to be a consultant -- and at times -- an attorney. “We have seen time and time again predatory practices against the most vulnerable victims,” District Attorney Gascón said. “This person...

By Don Thompson The Pill Club, an online women’s pharmacy, has reached an $18.3 million settlement with California authorities over claims it defrauded the state’s Medicaid program by prescribing birth control pills without adequate consultation and shipping tens of thousands of female condoms to customers who didn’t want them. Attorney General Rob Bonta announced the agreement Tuesday, a day after a...

A federal jury has convicted a former producer from Puerto Rico of extortion and obstruction of justice related to his involvement in a scheme to obtain money in exchange for preventing the release of chat messages involving senior officials in the Government of Puerto Rico. According to court documents and evidence presented at trial, Sixto Jorge Díaz Colón, 54, of...

Los Ángeles (CA) – Situada a unos 50 kilómetros de San Francisco, Half Moon Bay es una pequeña localidad costera de California dedicada a la agricultura. Sobre sus colinas trabajan de sol a sombra campesinos latinos y asiáticos dedicados al cultivo de setas, alcachofas, coles de Bruselas o judías. Hace unos días, esta tranquila comunidad de inmigrantes ––muchos de...

Los Ángeles (CA) – Eran apenas las ocho de la mañana cuando Marisa González recibió una llamada urgente de una vecina cuya familia había recibido una orden de evacuación que afectaba al Cañón de Matilija, situado en el condado de Ventura. Durante días, este paraíso natural de California había sido duramente castigado por las lluvias torrenciales, que provocaron derrumbes...

A Puerto Rico man was scheduled to make his initial appearance this week at the federal courthouse in Manhattan to face commodities fraud, commodities market manipulation, and wire fraud charges in connection with the manipulation of the Mango Markets decentralized cryptocurrency exchange. According to court documents, Avraham Eisenberg, 27, engaged in a scheme to fraudulently obtain approximately $110 million worth...