Whistleblower News: Wirecard, Defense Contractor False Claims, Ponzi scheme
Wirecard's creditors claim at least 12.5 billion euros
Creditors of the collapsed German payments company Wirecard have made claims for at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday.
Wirecard, in a dramatic fall from grace and blow to Germany’s reputation, filed for insolvency earlier this year after disclosing that 1.9 billion euros it claimed to hold in accounts was missing. read more »
Former CEO Charged in Schemes to Defraud U.S. Government Related to the Conflict in Afghanistan
The former chief executive officer of a U.S. government contractor was charged today in connection with schemes to defraud the U.S. Department of Defense regarding contracts related to U.S. military efforts in Afghanistan.
Paul Daigle, 40, was charged with conspiracy, four counts of wire fraud, and four counts of false claims in an indictment filed today in the Northern District of Alabama. Daigle was the CEO of a company based in Huntsville, Alabama, which served as a subcontractor on U.S. Department of Defense aviation contracts related to the war in Afghanistan.
According to the indictment, between 2013 and 2017, Daigle allegedly engaged in two fraudulent schemes that resulted in the submission of false claims to the U.S. Government. read more »
Financial Adviser Sentenced For Running A Multimillion-Dollar Ponzi Scheme
Audrey Strauss, the Acting United States Attorney for the Southern District of New York, announced today that James T. Booth was sentenced in Manhattan federal court today to 42 months in prison in connection with his years-long scheme to defraud customers of his financial services firm, Booth Financial Associates, of nearly $5 million through a variety of lies and misrepresentations. Booth pled guilty to one count of securities fraud on October 22, 2019, before U.S. District Judge John G. Koeltl, who also imposed today’s sentence. read more »