Executives at Debt Collection Agency Admit Roles in $10 Million Client, Lender and Investor Fraud Scheme
Randall Silver, 43, of New Hyde Park, N.Y., pleaded guilty on December 13 to one count of conspiracy to commit wire fraud, bank fraud and money laundering, and one count of wire fraud. SILVER was a Vice-President of Finance and Chief Financial Officer...
Each of the conspiracy charges carries a maximum term of imprisonment of five years, and wire fraud carries a maximum term of imprisonment of 20 years. When they are sentenced, the defendants also face fines and orders of restitution.
This matter is being investigated by the Internal Revenue Service - Criminal Investigation, the Federal Bureau of Investigation, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and the Connecticut Securities, Commodities, and Investor Fraud Task Force. The case is being prosecuted by Assistant U.S. Attorney Liam Brennan, Special U.S. Attorney John McReynolds and Deputy U.S. Attorney Deirdre Daly.
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