Fraud Related Content

U.S. Attorney’s Office Announces Second Guilty Plea Related to Multi-Million Dollar Commercial Leasing Fraud Scheme

The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more

ELFA Webinar: Combatting COVID-19 Fraud, Cybersecurity Risks

An ELFA webinar discussed red flags and best practices for combatting fraud and cybersecurity risks in the COVID-19 environment. read more

TD Survey: Finance Professionals Split on Potential Economic Recession

Half of financial professionals do not expect potential economic turmoil in 2020. Top concerns include fraud and cybersecurity, and real-time payments will be a top investment area, according to a TD Bank survey. read more

Chasing Crooks: Successor Liability and Transfers of Trust

Attorney Ken Weinberg teaches equipment lessors how to protect their companies from crooks, particularly those who enter into a legitimate transaction only to later attempt to defraud creditors by transferring assets from an original lessor to another entity.... read more

Don’t Get Blinded by a Lessor’s Fraud

Jennifer L. Howard

Periodically in the equipment leasing industry, cases crop up involving schemes in which equipment is marketed as being essentially “free,” because the lessee will supposedly receive payments for advertising on the equipment, in an amount roughly the same as the... read more

Fraud and Greed in Equipment Finance

Dexter Van Dango

Nearly 2,500 years ago Greek poet Sophocles quipped that he would “rather fail with honor than succeed by fraud.” It seems that some people disagree with Sophocles — they fail without honor while trying to cheat the system. To the... read more

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