Tag: CRIMINAL
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Real Estate Investor Pleads Guilty to $165M Mortgage Fraud Conspiracy
A New York man pleaded guilty yesterday to engaging in an extensive multi-year conspiracy to fraudulently obtain over $165 million in loans and fraudulently acquire multifamily and commercial properties. According to court documents, between 2018 and 2020, Boruch “Barry” Drillman, 36, of New York, conspired with at least four others to deceive lenders into issuing…
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Commodities Trading Company Agrees to Pay Over $98M to Resolve Foreign Bribery Case
Freepoint Commodities LLC (Freepoint), a commodities trading company based in Stamford, Connecticut, has agreed to pay over $98 million to resolve an investigation by the U.S. Justice Department into violations of the Foreign Corrupt Practices Act (FCPA) stemming from the company’s involvement in a corrupt scheme to pay bribes to Brazilian government officials. Freepoint has…
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Former Special Agent in Charge of the New York FBI Counterintelligence Division Sentenced to 50 Months for Conspiring to Violate U.S. Sanctions on Russia
A former Special Agent in Charge (SAC) of the FBI Counterintelligence Division in New York, was sentenced to 50 months in prison and ordered to pay a $40,000 fine for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and to commit money laundering in connection with his 2021 agreement to provide services to…