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Maryland Chapter 21 of Association of Certified Fraud Examiners

MARYLAND NEWS

  • 04 Oct 2023 11:23 PM | Anonymous

    The mechanic used information obtained in connection with his employment as a service technician to file over 260 fraudulent claims for fake mechanical repairs under vehicle service contracts issued by three insurance companies. In all, he pocketed more than $223,000 in connection with his scheme, which continued from January 12, 2018 to May 29, 2019. Source: Maryland Attorney General

  • 03 Oct 2023 11:41 PM | Anonymous

    Lock/unlock gives cardholders more control while state works to implement microchips. Source: WMAR2News.com/MatterforMallory

     


  • 02 Oct 2023 11:31 PM | Anonymous

    Stanford University, located in Palo Alto, California, has agreed to pay $1.9 million to resolve allegations that it violated the False Claims Act by submitting proposals for federal research grants that failed to disclose current and pending support that twelve Stanford faculty members were receiving from foreign sources. The settlement relates to research grants that Stanford received between 2015 and 2020 from five federal agencies: The Departments of the Army, Navy and Air Force, the National Aeronautics and Space Administration (NASA) and the National Science Foundation (NSF). All of these agencies require grant applicants to disclose all current and pending support received by the institution and the principal investigators (PIs) and co-PIs on the grant proposals. The United States alleged that on sixteen grant proposals submitted to the Army, Navy, NASA and NSF, Stanford knowingly failed to disclose current and pending foreign funding that eleven Stanford PIs and co-PIs had received or expected to receive in direct support of their research. The claims resolved by the settlement are allegations only and there has been no determination of liability. Source: US Attorney's Office, District of Maryland

  • 06 Sep 2023 11:37 PM | Anonymous

    The Maryland Attorney General’s Securities Division filed an action against various companies, known collectively as “Abra,” and the founder and CEO of Abra, ordering them to cease and desist violating Maryland law in connection with the offer and sale of investments in two interest-bearing crypto depository account.

    The Division alleges Abra misrepresented and failed to disclose important information about the Earn and Boost Offerings to its investors; most fundamentally, they failed to disclose and in fact misrepresented Abra’s own solvency (or lack thereof). In addition, Abra and Barhydt misrepresented the actual custodian in possession of certain Earn and Boost assets and failed to disclose that it instead transferred many of these assets to an entity currently subject to multiple government regulatory lawsuits and to a requested asset freeze. Source: Maryland Attorney General


  • 05 Sep 2023 11:14 PM | Anonymous

    The Social Security Administration issues over a trillion dollars a year to its beneficiaries, so it’s no wonder the program is targeted by thieves, however, the SSA Office of the Inspector General (OIG) is starting to see these attempts become more technologically advanced. Source:Matter for Mallory, WMAR-2.



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