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Bank Fraud

Legal news related to Bank Fraud

14 articles

Federal Circuit
•4 min read
Fourth Circuit Court of Appeals

4th Circuit Affirms Bank Fraud Conviction in United States v. Seck

The U.S. Court of Appeals for the Fourth Circuit affirmed the conviction of Diape Seck on multiple counts of bank and wire fraud conspiracy following an eight-day federal trial. The court upheld a 36-month sentence and ordered $1.7 million in restitution.

•Federal jury convicted Diape Seck after eight-day trial on nine counts including conspiracy to commit bank and wire fraud
•Fourth Circuit unanimously affirmed conviction and 36-month sentence with $1.7 million restitution order
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Federal Circuit
•4 min read
Eleventh Circuit Court of Appeals

11th Circuit Affirms 96-Month Bank Fraud Sentence for Alabama Attorney

The U.S. Court of Appeals for the Eleventh Circuit affirmed a 96-month federal sentence for Anna Michelle La Rue, who pleaded guilty to bank fraud while working as an office manager at an Alabama law firm. La Rue had challenged the upward variance from sentencing guidelines as substantively unreasonable.

•Eleventh Circuit affirmed 96-month sentence for bank fraud committed while working at Alabama law firm
•Defendant challenged upward variance from guidelines as substantively unreasonable under federal law
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Legal News
•4 min read

Former TD Bank Employee Pleads Guilty to Money Laundering Scheme

Wilfredo Aquino, a former New York-based TD Bank employee, pleaded guilty to facilitating a money laundering network that moved hundreds of millions of dollars through bank accounts. The case highlights significant vulnerabilities in banking compliance systems at major financial institutions.

•Former TD Bank employee Wilfredo Aquino pleaded guilty to facilitating money laundering involving hundreds of millions of dollars
•The scheme involved criminal networks using TD Bank accounts to move illicit funds through the banking system
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Legal News
•4 min read

Sneaker Company Owner Sentenced for $80 Million Fraud Scheme

The former owner of Zadeh Kicks LLC, an Oregon-based online sneaker retailer, was sentenced to federal prison for orchestrating an $80 million fraud conspiracy. The scheme defrauded customers of over $65 million in unfulfilled orders while stealing more than $15 million from financial institutions.

•Zadeh Kicks LLC was an Oregon corporation selling limited edition sneakers online before its closure
•The fraud scheme totaled $80 million: $65 million from unfulfilled customer orders and $15 million from bank fraud
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