MARYLAND NEWS

He misappropriated over $4 Million of investor funds to make speculative options trades, and pay back earlier investors, and finance day-to-day personal expenses, according to the US Attorney in New York. The defendant, 46, of Elkridge, Maryland, is charged with one count of securities fraud, which carries a maximum sentence of 20 years in prison; one count of investment adviser fraud, which carries a maximum sentence of five years in prison; and one count of wire fraud, which carries a maximum sentence of 20 years in prison. Source: US Attorney, Southern District of New York

A Glen Burnie man used a Ponzi-style fraudulent investment scheme to defraud 13 investors out of over $380,000. Additionally, Woods stole over $200,000 through a separate theft scheme, where he fraudulently transferred money out of a client’s bank account and deposited it into his own personal bank account. In total, he owes $573,161 in restitution to 16 victims. Source: Maryland Attorney General

According to the guilty plea, between June 2020 until about November 2021, the Baltimore woman executed a scheme to defraud the Maryland Department of Labor and United States. Johnson assisted friends, family members, and strangers with fraudulently filing and obtaining unemployment insurance benefits they were not eligible to receive in exchange for bribes and kickback payments. Source: US Attorney, District of Maryland

Exactech Inc. agreed to pay $8 million to resolve allegations that the company violated the federal False Claims Act. A medical device company based in Gainesville, Florida, Exactech allegedly violated the False Claims Act by knowingly submitting or causing the submission of false claims for payment to Medicare, Medicaid, and the United States Department of Veterans Affairs (VA) in connection with defective knee-replacement devices.  The U.S. Bankruptcy Court for the District of Delaware approved the settlement as part of the pending Chapter 11 bankruptcy proceedings involving Exactech. Source: US Attorney, District of Maryland

State Highway Administration officials “knowingly charged” nearly $360 million in unauthorized expenses to federal fund projects in an attempt to hide a deficit in the state’s Transportation Trust Fund, according to a report released Thursday by the Office of Legislative Audits.

The audit disclosed SHA routinely charged expenses to federal fund projects not authorized by the federal granting agency. According to the audit report, "More concerning is that the amount of unauthorized spending increased by 3,523 percent including an additional $163.5 million between June 2024 and August 2025. SHA also was unable to provide documentation to support the propriety of accrued federal fund revenue entries totaling $449 million (which would include the aforementioned unauthorized expenses) or the subsequent recovery of the funds."

Source: Maryland Matters.com and Maryland OLA.

 

According to police, the woman was granted power of attorney for her grandfather. Source: patch.com

The owner of a Baltimore County pet crematorium has been charged after allegedly scamming pet owners by giving them sand or concrete instead of their pets' ashes. Source: CBSNews.com

Isabel Mercedes Cumming reviews how an unknown perpetrator deceived city employees. Some of the money was recovered thanks to an alert bank. Source: BaltimoreBrew.com

Source: cbsnews.com

He's charged with embezzling $6K. Source: CapitalGazettee.com