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Las Vegas business owner pleaded guilty to orchestrating fake robbery at repair shop
A Las Vegas cell phone repair shop owner pleaded guilty to mail fraud after staging a fake armed robbery to collect over $88,000 from insurance.
Former Tennessee mental health center owner sentenced for employment tax fraud
Nashville News, Weather, and Sports
Big assertions, sharp exchanges, little clarity define DOJ election battle with California
In the last week, Justice Department and California elections officials have been locked in a contentious standoff over alleged election fraud.
Medicare open enrollment starts now. These changes will arrive in 2027
Open enrollment comes as inflation adds pressure on seniors whose healthcare costs have risen and as midterm elections are weeks away. Voters have consistently said cost-of-living is a major concern.
Two arrested in alleged $1M fraud investigation tied to Silver Springs business
Two booked in Lyon County investigation involving alleged losses exceeding $1 million
Fraud, compromise, and groupthink. How warped research incentives undermine science
Science is supposed to correct its own errors. In practice, distorted academic incentives often block that quality control. Universities produce far more PhDs than faculty jobs, then judge survival by grants—especially federal awards that benefit the schools themselves. Researchers who stray from funders’ preferred questions face stalled careers. The unfortunate result is groupthink that often hinders scientific progress.
Why the GOP’s voter fraud messaging may backfire
GOP allegations that voter fraud is rampant in the US may drive more Democrats – and fewer Republicans – to the polls in November.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Vance's fraud crackdown may raise costs for US health insurers, enrollees
A crackdown on Obamacare health insurance could raise prices for US consumers and insurers by removing healthy, low-cost enrollees, adding pressure to a shrinking marketplace.
Former Baltimore-area small business leader indicted on bank fraud charges
A celebrated Columbia entrepreneur was charged with bank fraud offenses stemming from small business loan applications tied to her now-defunct companies.
How do I keep checks from being stolen in the mail?
Dear Liz: In response to a reader whose check to the IRS was stolen from the post office, you (again) warned readers that mail theft and check fraud have soared and that electronic payments are now the safest way to send money.
Low-cost Android phones ship with residential proxy malware
A malware campaign dubbed 'Midnight Mimosa' has been discovered on low-cost Android smartphones that ship with malicious software embedded in their firmware, allowing attackers to silently install apps, perform ad fraud, and turn devices into residential proxies.
Trump admin suspends Microsoft from green card program, alleging visa fraud
The Labor Department's inspector general also announced his office is investigating nine universities for J-1 visa fraud
Kansas candle-making business accused of fraud to get a loan
KANSAS CITY, KAN. – A federal grand jury in Kansas City, Kansas, returned an indictment charging a Kansas woman for allegedly submitting fic
Marshall faces final debate in fight for political life
In today’s issue: Marshall, Hamilton meeting in final debate Trump unveils fraud whistleblower program Big midterm spending in final weeks Backlash to controversial Ramaswamy ad Sen. Roge…
Feds allege $2 billion in California health care fraud, 15 charged
Federal authorities announced charges against 15 people, including six medical professionals, accusing them of health care fraud schemes worth $2 billion, including sham substance abuse treatment programs, unnecessary medical procedures and bogus hospice services.
Exclusive: Judge limited Justice Department access to Rep. Ilhan Omar’s records in sprawling immigration fraud probe
The Trump administration pushed for an unusually aggressive search of Rep. Ilhan Omar’s house in recent days in an immigration fraud probe that targets the congresswoman, possible false statements made on government documents, and a potential conspiracy, according to multiple people familiar with the investigation.
Elizabeth Holmes: Why are we still fascinated by Theranos fraudster?
'You Can See Everything' raises all sorts of questions about truth, lies and documentary filmmaking, but it skirts the most obvious mystery: In a world full of con artists, fraudsters and liars, why can't we quit Elizabeth Holmes?
‘Like riding a roller coaster’: UNL political science professor breaks down the stress of politics
Nebraska has seen a particularly turbulent midterm election – from the controversial and litigious rise of two new political parties, to a petition fraud investigation that’s led to several arrests.
Trump will rally Georgia Republicans despite party divisions in battleground state
President Donald Trump's midterm campaign blitz arrives in Georgia on Friday for a rally with top Republican candidates in a state that has long been the epicenter of the president's false claims about election fraud.
Court declines to rehear Outcome Health appeal from Shah, Agarwal
Shah and Agarwal were at the center of one of the most high-profile corporate fraud cases in Chicago history.
USA-HEALTH/FRAUD
U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. speaks at a press conference announcing new actions aimed at combating fraud, waste and abuse across federal health programs
Trump escalates effort to fire Federal Reserve governor Lisa Cook
A commission that will report to the president will assess the mortgage fraud allegations against her and consider evidence from a hearing next month.
The Trump administration is doubling down on health care fraud investigations
At the STAT Summit, the Department of Justice offered up a warning for health care executives: Don’t be another Theranos.
Argentina's Kirchner challenges fraud conviction at UN, seeking political return
Former Argentine President Cristina Fernández de Kirchner, who is under house arrest, has asked the United Nations Human Rights Committee to review her corruption conviction and suspend the lifetime ban on holding public office that currently prevents her from running for election in 2027, her lawyer said on Tuesday.
Trump Says He’ll Decide Who Gets Rewards From Fraud Whistle-Blower Program
President Trump’s announcement raised concerns that he would use the program seeking information on fraud for political purposes.
Florida woman charged in $330K fraud case targeting Hanover business’ bank account
A 41-year-old Florida woman is facing felony charges in “an elaborate computer fraud scheme” that left a Hanover County business out $330,000.
Department of Health and Human Services and the Justice Department’s Civil Division Announce Anti-Fraud Healthcare Self-Disclosure Pilot Program
HHS launched a six-month Healthcare False Claims Act Self-Disclosure Pilot Program for healthcare companies
Feds hold back an additional $1.2 billion in California Medicaid reimbursements
In May, the administration held back $1.3 billion in Medicaid reimbursements to California over concerns about "fraudsters" in the state's hospice and in-home care programs.
Former CT resident admits to health care fraud. She caused almost $1.3M in losses to Medicaid
She allegedly participated in a scheme to defraud health care benefit programs by submitting fraudulent claims from the company she owned and operated.
NC health plans form task force to fight Medicaid fraud
Investigators from the state’s Medicaid managed care organizations will share tips and tactics in an effort to catch suspicious billing sooner.
NY and CT get $2.7M settlement from health network BCHP, IT company XTIUM for data breach
Impacted residents will have fraud alert coverage through the settlement, a state spokesperson said.
‘Like riding a roller coaster’: UNL political science professor breaks down the stress of politics
Nebraska has seen a particularly turbulent midterm election – from the controversial and litigious rise of two new political parties, to a petition fraud investigation that’s led to several arrests.
Health Care Fraud Arrests
First assistant United States attorney for the Central District of California Bill Essayli talks after a press conference as he announced the arrests of fifteen defendants for health care fraud
‘Tinder Swindler’ romance fraudster promises ‘safe’ dating app – using intel from con man playbook
Shimon Hayut, the notorious 'Tinder Swindler' also known as Simon Leviev, says his new Safe Love dating app will use identity verification to prevent the fraud he once committed.
Business Bulletin: BBB warns of healthcare fraud during open enrollment
If you or a family member are considering changes to your Medicare or Healthcare.gov coverage during open enrollment, your Better Business Bureau (BBB) urges you to be cautious of unsolicited calls, emails, and texts offering to help you find the best plan or deal. Scammers often take advantage of open enrollment to trick people into sharing personal information, Medicare or insurance details, and financial information.
Is Hims & Hers Health (HIMS) A Bargain After The Fraud Lawsuit Claims?
Hims & Hers Health (HIMS) is back in focus after a proposed securities fraud class action accused the telehealth provider of misleading investors about data sharing practices and prescription billing workflows. Recent price action for Hims & Hers Health has been choppy, with the share price slipping about 1% over the past day and week, climbing 4.7% over the past month, yet falling 24.2% across 90 days. The 1-year total shareholder return is down 44.8%, despite a very large 3-year gain that...
FBI Adds Ex-Bellum Entertainment CEO To Most Wanted Fraudsters List; Offering $150K Reward For Info On Fugitive Mary Carole McDonnell
In a true turn of events that would seem almost incredulous in a Hollywood script, the boss of a now defunct production company that specialized in true crime is wanted by the Federal Bureau of Invest...
WATCH LIVE: HHS unveils new crackdown on fraud and abuse in federal health programs
The Health Department announces enforcement and oversight measures designed to identify fraud faster, strengthen accountability and protect federal health programs from abuse.
Omar raid draws ominous warning from Vance as he blasts progressive rep's 'rage' toward America
JD Vance says the Trump administration won't interfere in the DOJ investigation into Ilhan Omar but warns unprecedented steps may follow if fraud is found.
ACA fraud crackdown removing 760,000 enrollees is squeezing health insurer profits
Shares of Centene, Molina, Elevance, and UnitedHealth have all fallen since Vice President JD Vance announced the removals last week
DOJ Charges 28 California Residents With Voting-Related Crimes Amid Trump’s Voter Fraud Push
The effort by the Trump administration comes as it wages a broader fight with California officials over voter rolls.
Former Vernon business owner pleads guilty in $1.3M healthcare fraud case
Former Vernon business owner Jacqueline Pelphrey pleaded guilty to healthcare fraud, admitting nearly $1.3 million in losses from false insurance claims.
R.I. Democratic Party chair faces calls to resign after spouse indicted on fraud charges
Both the Democratic and Republican nominees for governor call for party chairwoman Liz Beretta-Perik should step down.
LePage calls for federal crackdown on Medicaid fraud
The comments came during a roundtable discussion with House Majority Whip Tom Emmer (R-Minnesota), who talked about Medicaid fraud in his state.
The Pollwatcher: Another fraudulent pollster is out of business, and a third group just disappeared
Why a fake poll got into mainstream poll trackers, how it was discovered and the common thread behind both fake poll scandals this year.
In current anti-fraud climate, no room for error for home health, hospice agencies
After operating hospice, home health and other companies for over a decade in Arizona, Peter prided himself on his sound reputation in the community and employees’ loyalty. He never dreamed that a technical error on a routine hospice renewal application would lead to a revocation of his hospice’s Medicare enrollment and billing privileges and leave him fighting for his livelihood.
Justice Department eases healthcare fraud self-disclosure
Companies that self-report fraud may shield themselves from criminal prosecution.
Federal agents descend on Tarzana as part of bust on alleged health care fraud; 1 in custody
One person was taken into custody in Tarzana Thursday morning as part of a federal crackdown on health care fraud in California.
Cheyenne Police warn about fraudulent calls after local business targeted by FedEx scam
CHEYENNE, Wyo. — The Cheyenne Police Department warns Cheyenne residents about falling for 'high-pressure' phone scams after a local business reported an
DOJ Charges 15 in Nearly $2B Calif. Health Care Fraud
DOJ Charges 15 in Nearly $2B Calif. Health Care Fraud
Feds claim 17,000 other potential noncitizen voters in California
Filings in the Justice Department's lawsuit accusing California officials of facilitating election fraud reveal new details about the underlying investigations.
As U.S. Cybercrime Losses Top $20 Billion, Bank of America Expands Fraud Education for Small Business Owners
New Educational Tools, Fraud-Prevention Resources and Webinars Aim to Help Entrepreneurs Protect Their Businesses From Increasingly Sophisticated Scams Key...
Here’s what scientists think about Theranos a decade after it imploded
A viral documentary has everyone talking about Elizabeth Holmes’s fraudulent blood testing start-up again—but scientists never stopped
Wichita candle business owner indicted Covid-era loan fraud
Grand jury accuses Wichita woman of submitting false information to obtain pandemic-era small business loans
Former Tennessee mental health center owner sentenced for employment tax fraud
A former Middle Tennessee business owner was sentenced to three years probation and ordered to pay more than $1 million dollars for employment tax fraud, the U.S. Department of Justice said Tuesday…
DOJ, state launch separate health care fraud crackdowns, arresting over 100 people across California
Federal authorities arrested 15 people, including a doctor, in Los Angeles, while California officials announced the arrests of 103 people statewide in separate health care fraud investigations.
Charm Security Appoints Dr. Elizabeth Huppert as Behavioral Science Director
Former JPMorgan Chase Vice President and Behavioral Scientist joins to advance behavioral science in agentic AI for fraud, scams, and cybercrime.NEW YORK, NY / ACCESS Newswire / October 6, 2026 / Security today announced the appointment of Dr.
Southern Ill. man arrested in check fraud case involving Paducah business
A multi-agency theft investigation in western Kentucky led to a southern Illinois man’s arrest.
After booting 760K off ACA health plans, the Trump administration adds some people back
The Trump administration provided few details about its process for canceling hundreds of thousands of Affordable Care Act enrollments — even as the next stage of the anti-fraud effort is underway.
World leaders must wise up to threat of cyber-attacks or rogue fridges will be least of their worries
Global cooperation seems unlikely despite AI increasing the risk of digital fraud and the need to protect the financial system
Trump’s election fraud task force is going after the people who investigated him
President Donald Trump has made no secret of his demands to see charges against former officials.
Former Youngstown clerk accused of falsifying business records
BUFFALO, N.Y. (WIVB) — A woman is facing charges after she allegedly used a Village of Youngstown account to make fraudulent transactions while employed as a village clerk, the Niagara County…
Analysis-Vance's fraud crackdown may raise costs for US health insurers, enrollees
NEW YORK, Oct 2 (Reuters) - A crackdown on Obamacare health insurance could raise prices for US consumers and insurers by removing healthy, low-cost enrollees, adding pressure to a shrinking marketplace.
GOP focuses on fraud, seeking to redirect voters’ ire over healthcare costs
Heading into the midterm elections, high healthcare costs rank among voters’ biggest concerns. But lately, there’s a twist giving the issue new momentum on campaign agendas: a focus on fraud in government health programs. The administration of President Donald Trump has used claims of widespread wrongdoing to justify investigations, suspensions of billions of dollars in […]
15 charged in massive $2 billion L.A. health care fraud crackdown
Federal authorities charged 15 people, including six medical professionals, in a sweeping Los Angeles-area health care fraud crackdown involving $2 billion in alleged fraudulent claims, the Justice…
GOP Focuses on Fraud, Seeking To Redirect Voters’ Ire Over Healthcare Costs
The anti-fraud efforts highlight a broader political fight ahead of the midterms. Republicans say they’re protecting taxpayer dollars by going after bad actors. Democrats contend the administration is — with insufficient evidence — targeting blue states to cut programs the GOP has long sought to shrink.
E&C package suggests fraud will continue as GOP health care message - Live Updates
Democrats have come after Republicans for Medicaid cuts. Republicans say the cuts were necessary to combat rampant health care fraud.
Tiahrt: 30 years of healthcare reform in America
Hospital waste, fraud and abuse are taking center stage in the discussion about necessary healthcare reforms.
Catalina Island business owner ordered to pay $1.5 million in unpaid wages to restaurant and hotel staff
Yueh Mei Tucey pleaded no contest to seven felony counts of filing false and fraudulent returns, six felony counts of failure to pay taxes and one felony count of conspiracy to commit wage theft.
Trump's crackdown on immigrant voting in California is a ploy to influence election
President Donald Trump wants California to segregate 20,000 ballots, claiming they may come from noncitizens. Federal officers charged 28 suspects with voter fraud this week.
Malia Cohen explains why she should be reelected State Controller
California State Controller Malia Cohen is seeking reelection for an office that is responsible for the state's checkbook at a time when voters across the nation are focused on waste, fraud and abuse of taxpayer money.
ICE reviewed tens of millions of voter records looking for noncitizen voters, records show
The Department of Homeland Security’s sweeping election-fraud operation has drawn on tens of millions of records, scrutinized dozens of nonprofit voter-registration groups and considered deploying undercover agents to investigate organizations suspected of helping noncitizens register to vote, according to newly obtained internal documents.
Georgia woman business owner arrested on fraud charges
Other Mad Marketing clients have also come forward with allegations of fraud.
Obama Defends Rep. Ilhan Omar Amid Trump Administration Inquiry
Federal agents searched Ms. Omar’s Washington home last week and issued subpoenas to some family members in search of evidence of fraud in immigration paperwork.
California falls short on Medi-Cal fraud, state report says
The program serves 14 million Californians and pays out $200 billion a year. State health officials dispute the findings.
Inside Ken Paxton’s private testimony about his money
The leaked deposition from a fraud inquiry in 2014 provides insight into the Senate candidate’s investments and his tactics for defending himself.
Medicare home health bill introduced that would restore rates, help stop fraud
Rep. Claudia Tenney (R-NY) on Tuesday introduced the Medicare Home Health Payment Integrity and Protection Act of 2026, a companion bill to the Senate version.
DOJ charges 15 for $2 billion in fraudulent health care claims in California
The largest of the cases involved $1.6 billion in billings for what the DOJ described as “sham substance abuse treatment” in Southern California.
Online fraud looks like business as usual
Establishing a clear set of employee guidelines doesn’t have to be complicated.
Over 500 people came out to the Better Business Bureau's 19th annual Secure Your ID Day
This event is meant to help community members protect themselves from fraud and identity theft. Folks were able to bring up to three boxes of documents to get destroyed.
Protecting Your Clients and Your Business From Fraud
Essential real estate fraud prevention tips for agents: verify, detect, and report to protect clients and transactions.
GOP Focuses on Fraud, Seeking To Redirect Voters’ Ire Over Healthcare Costs
By Stephanie Armour | KFF Health News Heading into the midterm elections, high healthcare costs rank among voters’ biggest concerns. But lately, there’s a twist giving the issue new momentum on campaign agendas: a focus on fraud in government health programs. The administration of President Donald ...
Trump officials abandon effort to investigate election threats, experts warn
Credible threats appear to have been overlooked as administration focuses on unverified claims of voter fraud
Las Vegas business owner pleads guilty to faking armed robbery for insurance
A Las Vegas business owner has agreed to plead guilty to a mail fraud charge after faking an armed robbery in order to collect the insurance money.
Former Connecticut woman pleads guilty after defrauding health insurance programs of nearly $1.3M
HARTFORD, Conn. (WTNH) — A former Connecticut business owner waived her right to be indicted and pleaded guilty to health care fraud, the U.S. Attorney for the District of Connecticut said. A…
California latest target in DOJ efforts to end public benefits fraud
High-ranking federal officials in recent days have touted the crackdowns across the country
YH Entertainment Warns of Investment Fraud Impersonating AND2BLE's Japan Management
YH Entertainment Warns of Investment Fraud Impersonating AND2BLEs Japan Management
11 Philadelphia business owners accused of defrauding WIC program of nearly $1M
Eleven Philadelphia business owners were charged in connection with a fraud scheme involving the WIC program, according to the attorney general.
Secretary of state candidates boast business experience but differ on election oversight
All three said they want to ensure no fraud is happening amid Wyoming’s booming rate of new business filings. When it came to voting, they shared different visions for what constitutes fair access and ballot security.
Nigerian national given 8-year sentence for tax business hacks
A Nigerian national who worked with a group to hack tax prep businesses and conduct millions of dollars in fraud using customer data was sentenced this week.
Are Bank Lobbies Still Relevant?
Local banking leaders say technology is changing the way customers use their banks — and their lobbies By Deborah Jeanne Post [caption id=attachment_11109 align=alignright width=300] Steve Gorczynski is M&T Bank Central New York regional president.[/caption] When was the last time you entered the lobby of your bank? If it’s been a while, you’re part of a trend of eschewing the lobby in favor of ATMs, drive-thrus, online banking and remote deposit. A 2025 study performed by the American Bankers Association revealed that only 9% of consumers use bank branches as their preferred way to do banking and 76% prefer mobile banking. The trend away from the lobby reflects consumer behavior in other areas of doing business, including online shopping instead of perusing the mall, ordering fast food at a kiosk, not at the counter and selecting curbside pick-up rather than walking into the restaurant. Consumers want convenience and going in the lobby adds another layer to the task. It also places consumers face to face with one or more representatives of the business, something less favorable to people feeling burned out from interpersonal interactions. Nixing or at least minimizing the size of the lobby isn’t necessarily negative for banks. Fewer people passing through their doors reduces overhead for building maintenance, staffing and furnishing. Greater reliance on virtual banking can mean closing brick and mortar locations and hiring fewer staffers to cover roles like teller and lending officer. “Our focus is on meeting customers where they are and giving them flexibility in how they bank,” said Steve Gorczynski, M&T Bank Central New York regional president. “While many everyday transactions can be supported digitally and through ATMs, branches remain important for more complex financial needs, offering face-to-face guidance and a more personal banking experience.” Talking with a commercial lender or working on a home mortgage are two examples where meeting face-to-face is more desirable for many people. They can receive immediate feedback to questions and can possibly reach their goals more quickly. But there’s little need to have a large seating area, long counters and numerous tellers for routine banking that’s quicker to handle virtually. Online banking can also help people on the go more readily complete banking tasks such as depositing checks, transferring funds among accounts and checking balances. [caption id=attachment_11135 align=alignright width=300] Tina M. Stephens is the vice president branch administration for Fulton Savings Bank.[/caption] “The traditional bank lobby is certainly being evaluated by most institutions today, as the typical large, open and cavernous spaces do not necessarily meet the needs of today’s customers,” said Tina M. Stephens, vice president branch administration for Fulton Savings Bank. “Traditional lobbies often bisect traditional teller stations and customer service areas, which adds confusion, especially for the demographic who routinely use online banking and only access the lobby for customer service needs.” Despite the rollback in physical locations across the industry, Fulton Savings Bank began modernizing its six branch offices in Oswego and Onondaga counties about three years ago and have finished four offices so far in Baldwinsville, Fulton, Constantia, and Phoenix. “We made the decision to build a new branch across the street from our current office in Brewerton which will be completed by the end of 2026, and we will begin the retrofit of our Central Square office in early 2027,” Stephens said. “Our efforts specifically address where we think customers will be in the next three to five years and have greater flexibility to make changes out into the future.” The bank may be onto something, as numerous reports state that screen-weary Gen Z young adults crave more in-person interactions than virtual ones. If the pendulum continues to swing in that direction, it’s hard to see all physical bank areas disappear, even if they change somewhat. Fulton Savings Bank has also consolidated its teller and customer service representative areas to larger “universal banker” areas, where the bank representative can address all customer retail needs. A one-stop-shop experience appeals to busy banking customers who want to perform a few different banking tasks in one visit. Stephens also said that Fulton Savings Bank made additional technology and security enhancements and created flex spaces to accommodate bank meetings throughout the two-county branch footprint. At Solvay Bank, Elizabeth Lavier, vice president marketing and communications manager, lauded digital and online services as convenient and flexible for managing finances; however, “technology is not meant to replace what matters most: the relationships behind every account that have always been at the heart of community banking,” she said. “Even in today’s digital-first world, people of all ages still value the opportunity to sit down with a trusted banker for personalized guidance. We understand that some of life’s biggest moments call for more than a screen.” Lavier views digital banking as another way for the organization to serve customers rather than a replacement for branches, tellers and lenders, which tend to serve customers better for transactions like buying a first car, purchasing a home, saving for a child’s education, or planning for retirement. “Those conversations, built on understanding, experience and personal guidance, are what community banking is all about,” Lavier said. “At the end of the day, banking is about more than transactions. It’s about helping our customers achieve their goals and being there for them every step of the way. By combining the convenience of digital banking with the care, commitment, and personal service of a local community bank, Solvay Bank offers customers the best of both worlds.” Are Paper Checks Destined to Disappear? With the ubiquity of debit cards, online payments, virtual checks and peer-to-peer payment platforms like Venmo, Zelle and PayPal, will paper checks become passe? “In my view, paper checks are unlikely to disappear in the near future,” said Tina M. Stephens, vice president branch administration for Fulton Savings Bank. “They continue to serve a practical purpose by providing a clear paper trail and tangible proof of payment.” According to the American Banker, a leading trade publication that covers the banking and financial industry, in 2024, checks accounted for 65% of all payment fraud losses. Paper checks should be phased out, according to the publication. “The phrase, ‘The check’s in the mail’ probably sounds strange to younger people because the era of paper checks is rapidly drawing to a close. Put bluntly, checks are an expensive, insecure legacy that is a drag on the U.S. economy. Rather than wait for them to vanish slowly, the pragmatic choice is to strategically accelerate the transition to paperless payments.”
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