Fraud Investigation

3 min read

NCUA Bans Two from Future FI Work

January 3, 2020 Cucolle1

The NCUA in December issued one prohibition notice and one prohibition order, which prohibit individuals...

1 min read

Credit Union CEO Serves 1 Day in Prison for Bank Fraud

December 19, 2019 Cucolle1

New Haven County Credit Union CEO cooked the CU books to keep struggling restaurant...

1 min read

NY Man Admits to Role in Defrauding Banks of $3.5 Million in ‘Shotgun’ Loan Scheme

December 17, 2019 Cucolle1

Newark, NJ – Tuesday, December 17, 2019 – A Bronx, New York, man today...

1 min read

Former Bank Employee Arrested After Showing Off Stolen Cash and Fraud Auto Loan on Instagram

December 15, 2019 Cucolle1

CHARLOTTE, N.C. – A criminal indictment was unsealed this week in federal court in...

3 min read

Dealership VP Pleads Guilty to $3M+ Fraud Scheme Involving Non-Existent Porsche Models

September 24, 2019 Royal Ellsworth

16 September 2019 – On September 13, 2019, a former salesman for Copans Motorsports...

1 min read

IDValidation Selected as Permitted Entity for eCBSV Services by the SSA

September 23, 2019 Cucolle1

FOR IMMEDIATE RELEASE eCBSV is a service that stops 100% of Synthetic Identity Theft....

1 min read

Man Sentenced To 97 Months for Role in International Credit Card Fraud Ring

September 15, 2019 Cucolle1

FOR IMMEDIATE RELEASE LAS VEGAS, NV – September 5, 2019 – A man who...

1 min read

Former Loan Officer Pleads Guilty in Fraudulent Loan Scheme

September 10, 2019 Cucolle1

FOR IMMEDIATE RELEASE Memphis, TN – September 4, 2019 – A former loan officer...

1 min read

Former CU VP Sentenced to Almost Three Years in Federal Prison for Credit Union Theft

September 9, 2019 Cucolle1

FOR IMMEDIATE RELEASE Gulfport, Miss. –  Friday, August 30, 2019 – Merrideth Christina McMillian,...

1 min read

Fraud Goes Mainstream – “The Fraud Bible”

September 4, 2019 Cucolle1

Fraud, the constantly evolving and ever-present nemesis of collectors and lenders alike, had once...

1 min read

Fictitious Auto Fraud Ring Sentenced for $1.7M in Credit Union and Bank Losses

August 18, 2019 Cucolle1

Fraudsters Secured Funds on 80 auto loans, totaling approximately $2.7M in attempted fraud, and...

1 min read

Synthetic ID Fraud, Bust-Out Schemes Detailed by NAFCU

July 9, 2019 Cucolle1

“Synthetic identification fraud appears to be one of the fastest-growing type of identity theft...

1 min read

Credit Union VP Pleads Guilty to Fraud

July 4, 2019 Cucolle1

Defrauded Credit Union of Over $3M FOR IMMEDIATE RELEASE Louisville, KY – 2 July...

1 min read

Credit Union Files Lawsuit Against Dealership for Inflated Incomes

June 26, 2019 Cucolle1

Charlotte, NC – 25 June 2019 – A lawsuit filed against Kia of Gastonia...

1 min read

$5M Auto Loan Fraud and Theft Ring Busted in San Diego County

June 25, 2019 Cucolle1

21 Arrested – Largest in County History San Diego, CA – 21 June 2019...

1 min read

Two Charged for Fraud Purchases of Dozens of High-End Vehicles in California

May 18, 2019 Cucolle1

Total losses expected to amount to approximately $3 million Santa Ana, CA – April...

1 min read

Two Men Charged in High-End Auto Sublease Scam

May 12, 2019 Cucolle1

DMV Investigator conducted year-long investigation Los Angeles, CA – March 18, 2019 – The...

1 min read

Video Captures Scam Call Center Being Hacked

May 7, 2019 Cucolle1

By now, pretty much everyone on the planet Earth has been hit by one...