Search

Two New Jersey residents admitted participating in a multimillion dollar mortgage fraud scheme and one of the individuals also admitted fraudulently obtaining more than $1.8 million of federal Economic Injury Disaster Loans.

Twelve individuals have been charged for their roles in a conspiracy to commit bank fraud by depositing stolen checks and withdrawing the funds.

BOSTON – The owner of a Sudbury accounting firm and a real estate company has been charged and has agreed to plead guilty to paying an executive more than $1.6 million in compensation and fringe benefits under the table, and to making a fraudulent application for more than $179,000 in pandemic relief, through a multi-year scheme.

Baltimore, Maryland – U.S. District Judge Richard D. Bennett sentenced Harold Dotson, 54, of Gaithersburg Maryland, to three years in federal prison, followed by three years supervised release — including six months of home confinement — in connection with a conspiracy to commit wire fraud affecting financial institutions. The fraud involved submitting more than $24 million in fraudulent CARES Act loan applications.

Baltimore, Maryland – Edward McCorkle, 37, of Baltimore County, Maryland, pled guilty today, to one count of wire fraud, in connection with submitting fraudulent CARES Act loan applications. According to his plea agreement, beginning in May 2020, and continuing through February 2021 in the District of Maryland, McCorkle engaged in a scheme to defraud financial institutions — including Cross River Bank, and the SBA — to obtain fraudulent loans for various purported businesses that he previously established under the PPP and EIDL program.