WEVA International
Wedding and Event Videographers Association International
Find a Videographer
About WEVA
Brides Guide
Join WEVA
Join WEVA
MPV Program
Association News
Industry News
WEVA Honorees
Forums
Member Services
Member Benefits
WEVA Store
Member Links
Industry Resources
Request Information
Contact Us
 

Former Vanguard President Sentenced for Embezzlement, Fraud
March 09, 2013

Sarasota, FL - Dwayne Samuels, the former president of Vanguard Asset Group, Inc., (Lake Success, NY) was sentenced on January 25, 2013 in the U.S. District Court for the Eastern District of New York to three years in prison, to be followed by three years' probation. He was also ordered to make restitution of $250,000, the U.S. Department of Labor confirmed in a March 2013 EBSA Fact Sheet for the case of United States v. Dwayne Samuels.

In May 2012, Samuels had entered a guilty plea to one count of embezzlement in connection with a health care benefit program (18 U.S.C. 669) and one count of conspiracy to commit bank fraud (18 U.S.C. 1347).

A federal grand jury had indicted Samuels in 2005 for the embezzlement of premium payments that had been paid to Vanguard for health care coverage and for devising a scheme to defraud clients, including members of WEVA, beginning in 2001. Cease-and-desist orders were issued against Vanguard by state insurance regulators in 2002, a time when undetected schemes had begun to proliferate.

According to the Department of Labor, Samuels falsely represented to several client plans that Vanguard had availed itself of stop-loss insurance to cover large medical claims. Following the 2005 federal indictment, Samuels was rearrested in 2011 on mortgage fraud charges.

The case of United States v. Dwayne Samuels was investigated by the New York Regional Office of the Employee Benefits Security Administration (EBSA) and the Office of the Inspector General of the U.S. Department of Labor. The case was prosecuted by the U.S. Attorney's Office, Eastern District of New York.


About WEVA International

As the largest trade Association for professionals who film weddings and events, WEVA leads with education that's on the cutting-edge of new trends and technologies in our industry. WEVA members have exclusive access to cost-saving benefits and professional development resources. For more information, email info@weva.com and follow WEVA on facebook.



5 most current stories:
06-13-2016Vitec Videocom Partners with Global Finance Group to Offer New Financing Opportunities for Small Businesses and Freelancers
10-28-2015Discover New Industry Developments @WEVAnews on Twitter
08-07-2015Register for Alex Buono's New 32-City Tour - Discount for WEVA Members
06-05-2015Skype for Web (Beta) Opens to Everyone in US and UK
05-28-2015Google Introduces Free Unlimited Storage for Photos and 1080p Video

Search:
 

Copyright © WEVA International. All rights reserved.
8499 S. Tamiami Trail, #208 Sarasota, FL 34238
General Information: e-mail info@weva.com Problem using this website: e-mail admin@weva.com