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Maryland Chapter 21 of Association of Certified Fraud Examiners

Maryland attorney sentenced to prison and home detention on fraud conspiracy charge for stealing over $1.3 million

29 Jul 2021 11:13 PM | Anonymous

According to the IRS, the Maryland man’s co-conspirator represented to the victims that the co-conspirator’s company, could obtain a loan—often millions of dollars—for the victims. The co-conspirator required that each victim provide a good faith deposit ($15,000 to $250,000) to be held in escrow. The Maryland attorney was the escrow agent. Once the victim wired the good faith deposit to the escrow account, most of that money was transferred to the co-conspirator within days. Source: IRS.gov

Maryland Chapter 21 of Association of Certified Fraud Examiners

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