How to Blow the Whistle on Bank Fraud

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The Federal Government offers potentially significant rewards to whistleblowers who provide information to the government that helps protect financial institutions by “deterring would-be criminals from including financial institutions in their schemes.” United States v. Serpico, 320 F.3d 691, 694-95 (7th Cir. 2003). The Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and the Financial Institutions… Read more »

Chad Deucher of Marquis Properties Has Been Indicted.

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I previously wrote about the SEC’s lawsuit against Chad Deucher of Orem, Utah.  As is often the case, the criminal authorities have now brought separate criminal charges against him in connection with the alleged $28 million Ponzi scheme that defrauded more than 250 investors throughout the United States.  Yesterday the U.S. Attorney’s Office for the District of… Read more »

Why Mortgage Fraud Often Involves Affinity Fraud

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A 10-count federal indictment was unsealed by the FBI and Thursday that charges Utah resident Christopher D. Hales with mail fraud, wire fraud, and bank fraud and with money laundering in an alleged mortgage fraud scheme. The indictment was one of many that have been investigated by Utah’s new Mortgage Fraud Task Force. According to… Read more »

SILVERLEAF FRAUD FILING

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Dwight Shane Baldwin, who ran several “venture capital” funds called the Silverleaf Companies has been charged by the Utah Division of Securities with securities fraud and theft, prosecutors said Monday. Previously the Division had charged him with securities fraud. The Division’s civil complaint is available here. According to the allegations in the complaint, In January… Read more »