A former employee of Bridgestone Americas has pleaded guilty to two counts of wire fraud for carrying out a scheme that resulted in his employer paying nearly $15 million in fraudulent invoices submitted through a fictitious vendor that he created.
Fraud
Posted inBanking
Banks gave $39M in loans to construction fraudster
A California man was sentenced Tuesday to more than six years in prison for fraudulently obtaining about $39 million in business loans from seven banks, which were tricked into believing the loans were for construction equipment, the DOJ said.
Posted inTop Stories
Bank imposter fraud jumped in 2025, FTC finds
Bank impersonators scammed the public out of nearly $1 billion in 2025, a sharp increase over 2024 levels, the FTC said.
