Either through straightforward fraud or unfounded promises, a Wall Street financier allegedly fleeced millions from New York-area churches and a college in Pennsylvania and is now facing a hefty prison term due to his alleged conduct. According to the New York State Attorney General’s Office, General Capital Corporation CEO Anthony Nyame, 59, has been convicted of numerous grand larceny charges after pleading guilty in New York County Supreme Court.
Per the state attorney general’s office, Nyame allegedly stole $2.7 million from Villanova University by sending a fraudulent email requesting payment that was redirected to one of his accounts instead of that of a college vendor. The attorney general’s office adds that Nyame allegedly transferred nearly $200,000 of that $2.7 million out of the country prior to the bank freezing the funds. Further, authorities allege that Nyame targeted a church in the Bronx and claimed that he could secure them a $30 million loan. Instead, he took $71,000 in cash from the church among other substantial rip-off schemes that deprived the church of tens of thousands of dollars. According to New York-based attorney Jeffrey Benjamin, the injuries that this college and other churches sustained due to Nyame’s alleged actions are the types of cases that should be heard in a court of law. Attorney General Eric T. Schneiderman, who announced the guilty plea in a Sept. 27, 2017 press release, agrees.
“It is simply appalling that anyone would choose to fleece universities and churches in order to line their own pockets. New Yorkers deserve to know that when they seek to grow their organization, there isn’t a fraudster lurking in the shadows,” Schneiderman said. “We’ll continue our work to uncover financial fraud — and prosecute those responsible to the fullest extent of the law.”
The attorney general’s office adds that Nyame allegedly sent fake emails that were meant to look like they were coming from the United States Treasury. The purpose of said emails was to inform his victims that the loans Nyame had promised some churches were delayed because they were still in the approval process. According to the release, Nyame will have the opportunity to repay $800,000 and serve one year in jail. If no restitution is made, he could face between three and nine years behind bars. To attorney Jeffrey Benjamin, this case highlights the need for victims to find the right legal representation when they sense something is amiss. Mr. Benjamin has spent years prosecuting consumers’ rights cases and arguing against defendants accused of fraud in the New York City and Long Island areas.
Advertisements by DeVry University, which allegedly exaggerated the likely successes graduates would find after college, has resulted in a payday for approximately 800 students, according to the New York State Attorney General’s Office. In an August 2017 press release, the attorney general’s office states that it investigated the overblown claims that 90 percent of DeVry graduates found employment in the field that they majored in while in college.
According to the news release, this figure was problematic because the 90 percent total included graduates who were already working in their field before graduating or even enrolling in the college. Some of those miscalculations included outright misrepresentations and counting graduates who in fact were not working in the field they majored in, according to the state attorney general’s office. Attorney Jeffrey Benjamin, who has tried and settled many consumers’ rights cases in court and obtained large settlements and verdicts , says that the outcome of this case is an important one to pay attention to. New York Attorney General Eric T. Schneiderman took it a step further, calling to question the practice of “unscrupulous for-profit colleges.”
“DeVry exploited students who were simply trying to further their education,” said Attorney General Schneiderman. “We will not allow hardworking New Yorkers to be ripped off by greedy companies – which is why DeVry is now paying millions in restitution to hundreds of students. My office will not back down from policing unscrupulous for-profit colleges in New York State.”
According to the press release, each of the 809 students will receive about $2,800 via checks that are being administered by the Better Business Bureau. Those who were eligible to receive restitution had to prove that they weren’t able to find employment in their respective fields after six months of searching post-graduation. This move against DeVry is in line with the New York State Attorney General’s Office’s targeting of for-profit colleges in general. Specifically, the office notes that it obtained a $10.25 million settlement with Illinois-headquartered Career Education Corporation for “fabricating placement rates.”
Lawyer Jeffrey Benjamin stands on the side of consumers in cases like this, as the educational institution promised career opportunities — but was proven by the courts to have embellished the facts. This type of situation is a consumers’ rights case at its core; a promise is made but proven to be overblown. For those in the New York and Long Island area who believe that they’ve been ripped off by another group, Mr. Benjamin suggests that you contact a skilled attorney who can help you file a strong lawsuit and then represent your case before a jury and judge in court.
As if pancreatitis wasn’t enough to deal with, a 53-year-old Illinois woman who spent years sorting out the wreckage of identity theft as she was in and out of the hospital prompted her to sit down with the Daily Journal of Kankakee, Illinois and offer a warning. According to the July 2017 article, the unfortunate incident that set off more than a year of struggles was a Chicago hospital visit in 2009. At that time, according to the article, two cleaning ladies snatched up vital documents and personal information that was later used to fraudulently open store account and credit cards.
“It can happen to you. I know a lot of credit card companies say you’re protected with them. From my experience, I don’t think you’re protected from identity theft from them, but they will do everything they can to not charge you if it’s fraudulent,” the woman told the newspaper.
According to attorney Jeffrey Benjamin, who has represented litigants in cases of identity theft, there are steps you can take before becoming a victim to this shady practice that can wreak havoc on your financial life. The true magnitude of identity theft isn’t felt until the victim spends time and money having to sort out all the damage done by the thieves. Lawyer Jeffrey Benjamin says that some of the best ways to avoid being a victim of identity theft is to read your bank statements and keep a close eye on your account via online banking if possible. By doing this, you’ll quickly pick up on valid expenditures. Further, simply storing your personal information at home or keeping a close watch on it when public – as evidenced by the Daily Journal article – can mean the difference between a pain-free transaction or years of headache trying to repair the money or credit damage.
“I would just say to always be aware. Check your credit card statements. If anything looks strange or different, call the credit card company right away to call your bank,” the identity theft victim told the newspaper.
Mr. Benjamin is a New York City and Long Island-based consumers rights’ attorney who has tried cases before a jury on violations of the New York Deceptive Practices Act and New Jersey Consumer Fraud Truth in Consumer Contract and Warranty Acts. Through decades of experience and favorable outcomes in court, including a jury verdict in a landmark real estate fraud case, potential clients should feel confident bringing their claims of identity theft to him. Only through skilled legal advice can someone get their life back on track as soon as possible.