Hagens Berman Blog

Whistleblower News: Ukio Bankas, Ponzi Scheme, Procurement Fraud

02/11/2020

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Paradise Papers To Help Recover $45m In Lithuanian Bank Conspiracy

INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALISTS

A fight by Lithuanian authorities to recover tens of millions of dollars allegedly looted from a failed local bank centers on dealings exposed in the Paradise Papers, prosecutors say.

Vladimir Romanov, the former owner of the failed , is alleged to have stolen $45 million from it, along with 12 accomplices, when it collapsed in 2013. read more »

Rhode Island Property Developer Sentenced to Eight Years in Prison for $10 Million Ponzi Scheme and Obstructing IRS Investigation

DEPARTMENT OF JUSTICE

An East Greenwich, Rhode Island, property developer was sentenced to eight years in prison today for operating a $10.3 million dollar Ponzi scheme and obstructing an Internal Revenue Service (IRS) investigation. read more »

Government Contractor Sentenced to 57 Months in Prison for $3.7 Million Procurement Fraud Scheme

DEPARTMENT OF JUSTICE

A former government contractor was sentenced to 57 months in prison today for his role in carrying out a $3.7 million scheme to defraud at least 35 subcontractors located across the United States. read more »