An FBI investigation found that Nathan Wu-Falkenborg used his access to confidential account information to activate and use numerous Direct Express pre-paid debit card accounts that had been funded but did not appear to be in use.
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Financial Aid Fraud in CA Community Colleges Triggers Call for Trump to Investigate
California’s Republican representatives are calling for the U.S. Department of Education and Attorney General Pam Bondi to investigate how California’s community colleges are handling financial aid fraud.
San Jose Immigration Lawyer Extradited From Central Asia, Charged with $52M Fraud
Danhong Chen and her business partner and ex-spouse, Jianyun Ye, were indicted by a federal grand jury in March 2019 for committing fraud to obtain immigration benefits for foreign investors. Ye pleaded guilty in 2021 and served a year in prison.
Former AI CEO and Wife Arrested in SF for $60M Fraud Scheme
Alexander Beckman, 41, and his wife Valerie Lau Beckman, 38, of San Francisco, were arrested on Jan. 24 on charges of bank and wire fraud in connection with AI services for the nation's major sports leagues and biggest team franchises.
Former Apple Employees Charged in Charity Fraud Scheme
Six former Apple employees defrauded both the State of California and Apple’s Matching Gifts Program, obtaining approximately $152,000 for a cultural exchange program, then overreporting around $100,000 in charitable contributions as tax deductions, according to prosecutors.
Convicted Serial Fraudster Flees Santa Clara County Before Sentencing
Dennis Fountaine, convicted in May defrauding four victims of over $350,000 never showed up for his Aug. 5 sentencing in Santa Clara County Superior Court.
Audit Says CA Risked Millions in Homelessness Funds Due to Poor Anti-fraud Protections
A critical new federal audit released this week calls out California for doing too little to prevent fraudulent spending of nearly $320 million in homelessness funds.
Former Owner of East San Jose Sushi Restaurant Gets Prison Term for Multi-million-dollar Covid-19 Fraud Scheme
David Tai Leung, of Sacramento, part-owner of Tomi Sushi and Seafood Buffet in the Eastridge Mall in San Jose, admitted in federal court that he spent $3.36 million of Covid relief business loan money on personal expenses. He had previously confessed in state court to multiple felony wage theft and tax evasion charges.
LA Scammers Sentenced for $40 Million Medical Insurance Fraud
The defendants, most from Los Angeles, agreed to pay more than $8.3 million in restitution, the largest lump sum restitution recovery for victims in a Santa Clara County insurance fraud case.
Venture Capitalist Convicted on Federal Wire Fraud Charges
Michael Brent Rothenberg, 39, was found guilty of obtaining $18 million via wire fraud, money laundering, bank fraud and making false statements to a bank,
Three Silicon Valley Tech Managers Charged by Feds in Multimillion-Dollar Fraud Scheme
FBI says the plot to divert millions in software license fees from an unidentified San Jose company went on for years before being detected.
Insurance Claims from Fatal Crash Result in Fraud Charges Against San Jose Business Owner
Prosecutors said 64-year-old Charlie Duong, owner of CD All Roofing, allegedly falsified records about how long and how frequently a deceased employee worked at his company.
San Jose Man Pleads No Contest for Role in Insurance Fraud, Money Laundering Schemes
Nam Le laundered millions of dollars in payroll for Atlas Private Security, owned by Robert Foster, a former San Jose police officer who was sentenced last year to three years in prison for insurance fraud, money laundering, tax evasion and worker exploitation.
San Jose Man Charged with Insurance Fraud in Muscle Car Case
A 1968 Oldsmobile 442 that the suspect, Marcus Hooks, filed an $80,000 claim for had not been stolen and wasn’t owned by Hooks, according to prosecutors.
Former Recology San Francisco Manager Pleads Guilty to Fraud Charges
The bribes included $55,000 in payments for holiday parties a San Francisco public works manager hosted for friends, political supporters and select public works employees, from October 2017 through January 2020.
Silicon Valley Start-Up Founder Pleads Guilty to Securities Fraud
Former HeadSpin CEO Manish Lachwani admitted he presented false revenue information to investors, from whom the company raised more than $100 million.
