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  Category: Fraud


Wachovia and Citigroup to pay $618,000 for misleading investors

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, April 10, 2009

Community News April 10, 2009 Wachovia and Citigroup will each pay a $309,000 fine to the State of Delaware for misleading investors about the safety of the auction rate securities market, the Delaware Department of Justice announced on April 9. The fines will be paid into the Delaware Investor Protection Fund, used by the Department […]




Wachovia and Citigroup to Pay $618,000 Fine to Delaware for Sale of Auction Rate Securities

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Thursday, April 9, 2009

The Delaware Department of Justice announced today that it has reached agreements with Wachovia Securities, LLC and Wachovia Capital Markets, LLC and Citigroup Global Markets Inc. following an investigation into their marketing and sale of auction rate securities (ARS). Each firm will pay a fine of more than $309,000 to the State of Delaware for […]




State Securities Regulators Urge Congress to Provide Greater Resources to Fight Investment Fraud

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, March 20, 2009

Ropp: “State securities regulators have the determination, willpower and experience to pursue perpetrators of financial crime.” WASHINGTON (March 20, 2009) – Drawing from their experience on the front lines of investor protection, two state securities regulators offered the House Financial Services Committee concrete proposals to enhance the states’ ability to pursue and prosecute perpetrators of […]




The Delaware Department of Justice announces $455,000 settlement in Medicaid Fraud case

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, March 13, 2009

The Delaware Department of Justice announced that it has reached an agreement with Rite Aid of Delaware, Inc. (“Rite Aid”) to resolve allegations that the company, through one of its Delaware pharmacists, Bruce Costa, generated false prescriptions for pharmaceutical products that were submitted for reimbursement to the Delaware Medicaid Program but were not provided to […]




Attorney General Biden and the Delaware State Police announce indictments following

Criminal Division | Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Wednesday, September 5, 2007

Attorney General Joseph R. Biden, III and the Delaware State Police announced
today that a New Castle County Grand Jury indicted Henry Forrest of Selbyville, Delaware and Theodore M. Forrest of Bear, Delaware for Home Improvement Fraud and Conspiracy.







  Category: Fraud


Wachovia and Citigroup to pay $618,000 for misleading investors

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, April 10, 2009

Community News April 10, 2009 Wachovia and Citigroup will each pay a $309,000 fine to the State of Delaware for misleading investors about the safety of the auction rate securities market, the Delaware Department of Justice announced on April 9. The fines will be paid into the Delaware Investor Protection Fund, used by the Department […]




Wachovia and Citigroup to Pay $618,000 Fine to Delaware for Sale of Auction Rate Securities

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Thursday, April 9, 2009

The Delaware Department of Justice announced today that it has reached agreements with Wachovia Securities, LLC and Wachovia Capital Markets, LLC and Citigroup Global Markets Inc. following an investigation into their marketing and sale of auction rate securities (ARS). Each firm will pay a fine of more than $309,000 to the State of Delaware for […]




State Securities Regulators Urge Congress to Provide Greater Resources to Fight Investment Fraud

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, March 20, 2009

Ropp: “State securities regulators have the determination, willpower and experience to pursue perpetrators of financial crime.” WASHINGTON (March 20, 2009) – Drawing from their experience on the front lines of investor protection, two state securities regulators offered the House Financial Services Committee concrete proposals to enhance the states’ ability to pursue and prosecute perpetrators of […]




The Delaware Department of Justice announces $455,000 settlement in Medicaid Fraud case

Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Friday, March 13, 2009

The Delaware Department of Justice announced that it has reached an agreement with Rite Aid of Delaware, Inc. (“Rite Aid”) to resolve allegations that the company, through one of its Delaware pharmacists, Bruce Costa, generated false prescriptions for pharmaceutical products that were submitted for reimbursement to the Delaware Medicaid Program but were not provided to […]




Attorney General Biden and the Delaware State Police announce indictments following

Criminal Division | Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Wednesday, September 5, 2007

Attorney General Joseph R. Biden, III and the Delaware State Police announced
today that a New Castle County Grand Jury indicted Henry Forrest of Selbyville, Delaware and Theodore M. Forrest of Bear, Delaware for Home Improvement Fraud and Conspiracy.