MARYLAND NEWS

The  University of Maryland's Justice for Fraud Victims Project, a club that offers victims of fraud in the D.C. region pro bono forensic accounting and examination support, held a business fraud prevention seminar Friday to address the rising trend of financial crimes against businesses. Source: Fox5, Washington, D.C. via yahoo news.com

The lawsuit alleged that Safeguard Metals, LLC and owner Jeffrey Ikahn engaged in a $68 million fraudulent scheme thattargeted the retirement accounts of the elderly. In this scheme, Defendants used lies and fear to advise investors that their traditional retirement accounts were at risk of loss and encouraged investors to buy Safeguard’s fraudulently priced precious metals as a safe alternative. Investors subsequently suffered immediate losses to their retirement savings from Safeguard’s massive undisclosed fees Source: Maryland Attorney General

At the heart of the Michigan football sign-stealing scandal is a Naval Academy graduate. Source: Capitalgazette.com

The Maryland Department of Health failed to adequately track federal reimbursements it received during the height of the pandemic. Source: The Baltimore Banner, Washington Post via MSN, and Maryland Deparment of Legislative Audits' Oct. 19, 2023 report.

Thieves steal every car key from Prince George's County dealership

Tech-savvy fraudsters cost PG County businesses $10M in 2023. Source: Fox 5 Washington, DC

The principal submitted an application on behalf of the school claiming that the school enrolled six hundred students and providing copies of receipts for supplies and services the school claimed to have purchased as a result of COVID. The school, however, allegedly operates out of a residential address and the receipts submitted were forgeries. Source: Maryland Attorney General

A retired civil servant (a Maryland resident), was the victim of a “tech support” scam in 2021. Criminals used cryptocurrency to carry out the fraud. Source: CNBC

The Defendants Used Fraudulent Debt Elimination Classes to Financially Defraud Victims and Obtain Their Personal Identifying Information. Source: US Attorney’s Office, District of Maryland

The mechanic used information obtained in connection with his employment as a service technician to file over 260 fraudulent claims for fake mechanical repairs under vehicle service contracts issued by three insurance companies. In all, he pocketed more than $223,000 in connection with his scheme, which continued from January 12, 2018 to May 29, 2019. Source: Maryland Attorney General

Lock/unlock gives cardholders more control while state works to implement microchips. Source: WMAR2News.com/MatterforMallory