Roundup of Frauds in South Florida

Posted on January 13th, 2015 at 11:43 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

According to public records, those largest frauds in South Florida in 2014 are listed below:

  1. Suspended North Miami Mayor Marie Lucie Tondreau was convicted of mortgage fraud in December, 2014. She was found guilty of conspiracy and wire fraud in a scheme that began through her radio show.
  2. Alan Levan, former owner of Bank Atlantic, was found guilty by a federal jury on most of nine civil counts of securities and accounting fraud.
  3. A Boca Raton man was sentenced to 11 years in prison and ordered to pay nearly $6 million in restitution for loan modification fraud using boiler rooms that he operated.
  4. Five men pled guilty to conspiracy to commit bank fraud in connection with a $300 million Ponzi scheme centered on the sale of vacation rentals in the Florida Keys and elsewhere. 
  5.  An entertainment promoter was extradited from Brazil in December, 2014 to face charges of a $300 million Ponzi scheme involving fraudulent concert and entertainment promotion.
  6. The former owner of for-profit college FastTrain was charged with submitting false claims and coaching students to lie on aid applications.
  7. Two former senior executives of Miami-based TigerDirect pled guilty to securities fraud and tax offenses in a $9.5 million bribery scheme. 
  8. A woman connected to two Miami health care companies was sentenced to seven years in prison and ordered to pay $45 million in restitution for a $74 million Medicare fraud scheme. The two companies were Professional Home Care Solutions Inc. and LTC Professional Consultants Inc.
  9. Eleven South Florida residents were indicted on federal charges for a $25 million Medicare and Medicaid fraud scheme that enrolled people living in foreign countries. Those indicted included employees of Coral Gables-based HMO Florida Healthcare Plus, which was later ordered to liquidate by regulators.
  10. The former COO of Hollywood Pavilion hospitals pled guilty to participating in a $67 million Medicare fraud scheme.
  11. The former owner of Miami-based Nation's Best Care Home Health Corp. pled guilty in a $35 million Medicare scheme. 
  12.  Eighteen Miami Dade College students were among 21 people charged with identity theft to commit $1.9 million in tax refund fraud. More than 644 Miami Dade students were victims of the scheme.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: James Eccleston, Eccleston Law, Bank Atlantic, Miami Dade, Ponzi Scheme FastTrain

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