Reading Time: 10 minutesFederal prosecutors allege Elaine Angene Escoe and five co-defendants transmitted more than ninety fraudulent applications through internet-based systems, electronic communications, and participating financial institutions while pursuing approximately $34 million from emergency government programs. WASHINGTON, DC — The federal wire fraud case against Elaine Angene Escoe centers upon an increasingly important reality of modern financial crime, because applications submitted from private computers can cross state lines, reach distant lenders, activate federal processing systems, and move millions of taxpayer dollars without a defendant ever entering a government office. The Internet Became the Alleged…
Read MoreCrossing State Lines: The Electronic Deception of the Escoe Fraud Ring
