A Longmeadow man pleaded guilty Tuesday to using fake tenant documents to secure over $19 million in loans for real estate businesses he co-owned with his wife, which he then defaulted on, federal prosecutors said. Louis R. Masaschi, 59, pleaded guilty in federal court in Boston to identity theft, two counts of wire fraud, and conspiracy to commit wire fraud, according to a statement from U.S. Attorney Leah B. Foley’s office. He faces up to five years in federal prison for the conspiracy count and up to 30 years for...

Dozens of former student pilots who say they racked up tens of thousands of dollars in debt for tuition are suing United Airlines and its flight school.

AP Photo/Matt YorkDozens of former student pilots who say they racked up tens of thousands of dollars in debt for tuition are suing United Airlines and its flight school

Sean Kingston has posted bail and is no longer behind bars, after the rapper and his mother were found guilty in their $1 million federal fraud case late last month. A lawyer for the 35-year-old “Beautiful Girls” singer, born Kisean Anderson, told TMZ on Tuesday that Kingston’s $100,000 bond “has been posted and he is in the process of being released.” He was still in custody at the Federal Detention Center in Miami earlier in the daily, when he’d been unable to come up with the necessary cash. Some unnamed...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses surpassed $10 billion for the first time. The financial toll is staggering: credit card fraud costs $5 billion annually, affecting 60% of U.S.