MARYLAND NEWS

“Education and information are an investor’s best defense against investment fraud, ”Melanie Senter Lubin, The North American Securities Administrators Association (NASAA) President and Maryland Securities Commissioner said.

The top threats to investors were determined by surveying North American securities regulators to identify the most problematic products, practices or schemes. The following were cited most often by state and provincial securities regulators:

1. Investments tied to cryptocurrencies and digital assets,

2. Fraud offerings related to promissory notes,

3. Money scams offered through social media and internet investment offers and,

4. Financial schemes connected to Self-Directed Individual Retirement Accounts.

Source: NASAA.org

The Defendant Used His Law Firm Escrow Account to Launder Drug Proceeds. Source: US Attorney, District of Maryland

Engaged in a Second Fraud Scheme After His Guilty Plea and While on Pre-Trial Release. Source: US Attorney, District of Maryland

A Maryland woman admits submitting false timesheets over two years. Source: US Attorney, District of Columbia

Two international brokers of dairy cattle used false and fraudulent interstate and international health certificates. Soure: US Attorney, Middle District of Pennsylvania

According to the US Attorney, the husband and wife team and an individual incarcerated at FCI Cumberland in Maryland, were charged with fraudulently applying for and obtaining emergency unemployment benefits related to the COVID-19 pandemic. Specifically, the defendants allegedly submitted false applications claiming that prison inmates lost employment as a result of the pandemic, and submitted false weekly certifications that inmates were available to work full-time despite their incarceration. Source: US Attorney, Eastern District of Pennsylvania

Source: Capital Gazette

Isabel Mercedes Cumming is elected to unpaid position at the Association of Inspectors General to oversee independence and integrity issues. Source: Baltimore Brew

An indictment alleges a Florida man, claiming to be a doctor, made promises to women in several states, including Maryland, in order to induce them to send him money and buy him jewelry and watches is alleged to have fraudulently obtained more than $750,000 in funds and property as a result of his scheme.Source: US Attorney, Norther District of Florida

Fraudulently Replicated the Website of a Biotech Company That Has an Authorized COVID-19 Vaccine to Perpetrate the Scheme. Source: US Attorney, District of Maryland