A former quantitative researcher at Two Sigma Investments has been indicted for fraud, after allegedly manipulating the large hedge fund's algorithmic models to generate a $23.5 million payday for himself while causing $165 million of harm to clients,

A Brazil man living in Naugatuck was sentenced to a year and a half in federal prison for reportedly stealing almost $600,000 from multiple individuals through an investment fraud scheme. Rafael

A Berks County man will spend two months in a federal prison after authorities say he defrauded customers in an art fraud scheme. Carter Reese, 77, of Reading, was sentenced Friday by U.S. District Judge Jeffrey L.

Authorities are trying to find the other victims after the suspects visited Chateau Estates and Grandlake Estates in Kenner, as well as some areas in Metairie.

The Federal Bureau of Investigation (FBI) announced its search for a Jamaican national wanted on federal charges for her alleged involvement in a $34 million COVID-19 relief fraud scheme. Florida-based 40-year-old Elaine Angene Escoe made the FBI’s most wanted list after failing to appear at a scheduled court hearing on June 5,

Torch Lake resident arraigned in Lansing court after investigation by state's Marijuana and Tobacco Investigation Section.

ROCKY HILL — Officers arrested a New York man in connection with an “elaborate fraud scheme” that involved the impersonation of a federal agent, according to police.

"There are no excuses, only regret," Javice wrote her judge Friday night, ahead of her sentencing for defrauding JPMorgan Chase out of $175 million

"The younger generation just might have a weaker connection to morality," said consumer economist professor Brenda Cude.

Hardy filed fraudulent pandemic loan applications for his Philadelphia businesses including Lou & Choo’s Lounge, and manipulated a bidding process for District 1199C's union hall bar.