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FBI steps up efforts against ‘money mules’ online fraud
Beyond the run-of-the-mill plots, officials say, is a particularly concerning trend involving "money mules" — people who, unwittingly or not, use their own bank accounts to move money for criminals for purposes they think are legitimate or even noble.
U.S. Attorney charges 3 in $364M Ponzi scheme
Three men accused of defrauding hundreds of investors in a $364 million Ponzi scheme were arrested Tuesday and charged with wire fraud and money laundering. The U.S. Attorney’s Office in Baltimore announced the arrests Wednesday and unsealed a 14-count indictment handed down last week charging Kevin B. Merrill, of Towson, and Jay B. Ledford and […]
Judge preserves fraud claim against Saiontz & Kirk
A fraud claim brought against Saiontz & Kirk P.A. by a former client's estate will proceed after a Baltimore judge on Monday denied a motion to dismiss.
Former officer gets prison for selling misbranded body armor
A former police officer has been sentenced to a year in prison for making false claims about body armor he sold to law enforcement, military and defense clients.
Informant, cooperator subpoenas quashed ahead of Oaks hearing
A confidential informant and cooperating witness involved in state Sen. Nathaniel T. Oaks’ fraud case will not testify at a motions hearing next week after a federal judge ruled such testimony is unnecessary. U.S. District Judge Richard D. Bennett held a telephone hearing with attorneys Wednesday after prosecutors requested a swift ruling on their motion […]
Company that acquired ‘Money Guys’ firm ordered to stop advising investors
The company that acquired Towson-based Everest Wealth Management, which kept its license after former owner Philip Rousseaux lost his investment adviser registration, was ordered to halt investment advisory operations Friday. High Point Wealth Management and High Point Insurance Solutions operate out of the former Everest offices in Towson and solicited former Everest clients, according to a [&he[...]
Entrapment claim by Oaks a ‘big bet,’ legal observers say
State Sen. Nathaniel T. Oaks is asking a federal judge to include a jury instruction on entrapment in his bribery and fraud case.
Prince George’s jury awards $11.2M to woman defrauded after house fire
The Fort Washington woman sued an insurance adjuster and builder for defrauding her out of her homeowner's insurance money after her home burned down.
Md. state senator to get separate trials on bribery, obstruction
State Sen. Nathaniel T. Oaks will have a separate trial on an obstruction of justice charge after a federal judge ruled Friday that the count should be severed from nine counts of bribery- and fraud-related offenses he also faces.
Oaks pleads not guilty to obstruction as lawyers argue for severance
State Sen. Nathaniel T. Oaks pleaded not guilty to obstruction of justice charges Thursday in federal court, where his attorneys argued that charge should be severed from nine others accusing him of bribery and fraud. Oaks, D-Baltimore City, appeared in U.S. District Court in Baltimore to be arraigned on the most recent charge after being indicted in November. […]
Hearing in Oaks case set for day after General Assembly convenes
A federal judge will hear state Sen. Nathaniel T. Oaks’ request to sever his fraud-related charges from a later obstruction of justice charge just one day after the 2018 General Assembly session begins. The hearing is scheduled for 10 a.m. Jan. 11 in U.S. District Court in Baltimore. The session opens Jan. 10, and Oaks has previously […]
Public defenders appointed for Oaks in federal case
A federal judge Thursday signed an order appointing a public defender for Maryland state Sen. Nathaniel T. Oaks, who had been represented by private counsel since his he was charged with wire fraud in April.
