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White-Collar Crime

White-collar criminal cases including wire fraud, bank fraud, securities fraud, money laundering, embezzlement, RICO, and corporate criminal liability.

64 articles

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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Federal Circuit
•4 min read
Eleventh Circuit Court of Appeals

11th Circuit Affirms Wire Fraud Sentence in COVID-19 Relief Program Case

The U.S. Court of Appeals for the Eleventh Circuit affirmed the wire fraud sentence of Omar Loaces Gonzalez, who defrauded COVID-19-era relief programs. The court rejected Gonzalez's arguments that the district court misapplied federal sentencing guidelines and imposed an unreasonable sentence.

•Eleventh Circuit affirmed wire fraud sentence for defendant who defrauded COVID-19 relief programs including PPP and EIDL
•Court rejected challenges to both sentencing guidelines application and substantive reasonableness of the sentence
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Federal Circuit
•4 min read
Second Circuit Court of Appeals

Second Circuit Affirms Criminal Conviction of Lamor Whitehead

The U.S. Court of Appeals for the Second Circuit affirmed the criminal conviction of Lamor Whitehead in a summary order issued January 6, 2026. The three-judge panel upheld a judgment entered by the Southern District of New York on June 17, 2024.

•Second Circuit affirmed Lamor Whitehead's criminal conviction in summary order
•Three-judge panel upheld June 2024 judgment from Southern District of New York
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Federal Circuit
•2 min read
Sixth Circuit Court of Appeals

Sixth Circuit Affirms 121-Month Sentence in Nigerian Fraud Scheme

The U.S. Court of Appeals for the Sixth Circuit affirmed the 121-month prison sentence for Fatai Okunola, who pleaded guilty to conspiracy charges related to a Nigerian-based online fraud scheme targeting vulnerable individuals. Okunola challenged his sentence as procedurally and substantively unreasonable.

•Sixth Circuit affirmed 121-month prison sentence for Fatai Okunola's role in Nigerian-based online fraud scheme
•Okunola pleaded guilty to wire fraud conspiracy, false naturalization statements, and money laundering charges
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Federal Circuit
•4 min read
Eighth Circuit Court of Appeals

8th Circuit Upholds 32-Year Sentence for Iowa Drug Trafficking Case

The Eighth Circuit Court of Appeals denied relief to Stephan Rashad Haley, who was sentenced to 384 months in prison after pleading guilty to drug trafficking, fraud, and money laundering charges in two consolidated federal cases.

•Stephan Haley received 384 months (32 years) in federal prison for drug, fraud, and money laundering offenses
•The Eighth Circuit affirmed the sentence, rejecting challenges to a drug premises enhancement
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Federal Circuit
•4 min read
Eleventh Circuit Court of Appeals

11th Circuit Denies Compassionate Release for Ponzi Scheme Defendant

The U.S. Court of Appeals for the Eleventh Circuit has affirmed the denial of a compassionate release motion for Karamchand Doobay, who is serving a 151-month sentence for defrauding investors of more than $8 million through a Ponzi scheme. The court held that his family circumstances do not constitute the extraordinary and compelling reasons required for early release.

•Eleventh Circuit affirmed denial of compassionate release for Ponzi scheme defendant serving 151-month sentence
•Karamchand Doobay defrauded 84 investors of over $8 million through fraudulent investment scheme in Florida
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Regulatory
•4 min read

SEC Charges Seven Crypto Entities in Social Media Investment Fraud Scheme

The Securities and Exchange Commission filed charges against three cryptocurrency trading platforms and four investment clubs for allegedly orchestrating a fraudulent scheme that targeted retail investors through social media platforms.

•SEC filed charges against three crypto trading platforms and four investment clubs for alleged fraud
•The scheme specifically targeted retail investors through social media platforms
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Regulatory
•4 min read

FTC Orders Nomad to Return $186M After Massive Security Breach

The Federal Trade Commission reached a settlement with Illusory Systems Inc., operating as Nomad, requiring the company to return recovered funds and implement comprehensive security measures after hackers exploited coding vulnerabilities to steal $186 million from consumers in July 2022.

•FTC settlement requires Nomad to return recovered funds to consumers and implement mandatory information security program following $186 million hack
•Company's inadequate coding practices and failure to test software led to preventable security breach in July 2022 that cost consumers $100 million
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Regulatory
•4 min read

SEC Charges Canadian Citizen With Discord Investment Fraud

The Securities and Exchange Commission charged Canadian citizen Nathan Gauvin and three controlled entities with orchestrating fraudulent securities schemes that targeted retail investors through the Discord platform.

•SEC charged Canadian citizen Nathan Gauvin and three controlled entities with securities fraud targeting retail investors
•Fraudulent schemes operated through Discord platform to reach and deceive individual investors
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State Court
•4 min read
Supreme Court of South Dakota

South Dakota High Court Affirms Elder Abuse Conviction

The South Dakota Supreme Court affirmed the conviction of Ronald Peter Clemensen on multiple counts of theft by exploitation of his elderly mother. The case involved Clemensen mortgaging family farm property and using funds from his mother's investment account to cover debts from his failing business.

•Ronald Clemensen was convicted of multiple counts of theft by exploitation of his elderly mother
•The charges involved mortgaging family farm property and using his mother's investment account funds
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