Man gets 12-year prison term for stealing IDs, bank fraud
SPRINGFIELD, Ill. (AP) — A suburban Chicago man has been sentenced to 12 years in prison for using identities stolen from the dark web to defraud businesses of more than $600,000.
The U.S. Attorney's Office in Springfield says 25-year-old Keith Offord of Carpentersville also was ordered Friday to pay $600,549 in restitution.
Contractor pleads guilty in Louisiana bank fraud
NEW ORLEANS (AP) — A contractor in Louisiana has pleaded guilty in federal court for his role in a $22 million bank fraud scheme.
The U.S. Attorney's office said in a news release that 44-year-old Jeffrey Dunlap of Slidell pleaded guilty Wednesday to conspiracy to commit brank fraud.
Japanese bank Nomura to pay $480M for role in housing crisis
NEW YORK (AP) — Japanese bank Nomura is agreeing to pay $480 million to U.S. authorities for its alleged role in the housing market bubble and the subsequent 2008 financial crisis.
The Justice Department alleges Nomura defrauded investors by knowingly selling mortgages that were not appropriately underwritten, which led to significant losses once those mortgages went sour.