Three former executives of Fair Financial were arrested and charged in an indictment for their roles in a scheme to defraud 5,000 investors of more than $200 million. One of the defendants was previously a VP with Newcourt Credit. read more

MAR 17, 2011 - 2:14 pm

The U.S. Attorney’s Office for the District of Central California issued a press release stating Avaya Inc. and CIT have paid the United States more than $16.5 million to settle allegations that they systematically overcharged federal and state government agencies... read more

MAR 5, 2011 - 6:12 am

According to recently filed documents in the U.S. District Court for the Eastern District of Pennsylvania, district judge Paul S. Diamond, Jr. ordered a postponement of sentencing for Mary C. Stankiewicz, formerly Equipment Finance’s secretary/treasurer and accounting supervisor. In December... read more

MAR 4, 2011 - 5:46 am

California attorney general Kamala D. Harris filed a lawsuit seeking restitution and civil penalties totaling $803,100 in a scam that defrauded 33 African American churches in Southern California. Promoters promised that the leased computer kiosks would enhance the experience of... read more

MAR 2, 2011 - 5:19 am

A U.S. District Judge signed an order postponing the sentencing of Joseph M. Braas, former executive and key figure in the Equipment Finance loan fraud case, from March 9, 2011 to June 9, 2011. read more

FEB 23, 2011 - 3:13 pm

According to recent court filings in the case against the remaining five defendants in the Sterling Financial/Equipment Finance loan fraud case, Zane David Memeger, U.S. Attorney, and Nancy E. Potts, Assistant U.S. Attorney, have requested that the court enter a... read more

FEB 14, 2011 - 5:00 pm