November 18, 2008

Mark Cuban created Web site in 2006 to expose securities fraud

dallasnews.com | 11/18/08 | suspect: Mark Cuban | victim: Mamma.com Long before the U.S. Securities and Exchange Commission accused Mark Cuban of insider trading in shares of a company called Mamma.com, the outspoken Dallas billionaire showed a keen interest of his own in uncovering securities fraud. He also tried to profit by exposing it.

Continue reading "Mark Cuban created Web site in 2006 to expose securities fraud" »

Posted by at 8:57 PM |

Slain S.F. man's widow defrauded his business

sfgate.com | 11/18/08 | $1 million | suspect: Kathy Bach | victim: Victor Bach/Seymour Apple The widow of a slain San Francisco businessman has been convicted of 13 theft-related charges for defrauding his business and a private trust he oversaw of more than $1 million.

Continue reading "Slain S.F. man's widow defrauded his business" »

Posted by at 8:52 PM |

SEC accuses 4 of inflating bank's portfolio

ap.google.com | 11/18/08 | suspect: David Lee/Edward O'Connor/Kevin Cassidy/Scott Connor | victim: Bank of Montreal Federal regulators on Tuesday accused four people of inflating the value of Bank of Montreal's trading portfolio to falsely enhance its financial results. One of the four pleaded guilty to related criminal charges and agreed to a civil settlement with the Securities and Exchange Commission.

Continue reading "SEC accuses 4 of inflating bank's portfolio" »

Posted by at 8:46 PM |

Indiana man arrested in $6M scheme

indystar.com | 11/18/08 | $6 million | suspect: Kem E. Linn | victim: Cubberleys A Carmel man will be formally charged today in connection with the theft of more than $6 million from an Evansville-based bank over the past five years, State Police and the Grant County prosecutor's office said.

Continue reading "Indiana man arrested in $6M scheme" »

Posted by at 8:39 PM |

CPA gets 18 months for fraud schemes

bizjournals.com | 11/14/08 | $778,336 | suspect: James Elliot Coleman | victim: Westport Allen Village School A certified public accountant and former charter school president received an 18-month prison sentence and a $468,805 restitution order for his involvement in various mortgage and investment fraud schemes.

Continue reading "CPA gets 18 months for fraud schemes" »

Posted by at 8:26 PM |

November 17, 2008

Former CEO of Iowa kosher slaughterhouse arrested

news.google.com | 11/15/08 | $33 million | suspect:  Sholom Rubashkin | victim:  First Bank

A former executive of a kosher slaughterhouse that was the site of one of the nation's largest immigration raids was arrested Friday on a bank fraud charge and ordered jailed until at least next week.

Continue reading "Former CEO of Iowa kosher slaughterhouse arrested" »

Posted by at 11:30 AM |

Former Aspen CEO gets probation in fraud case

boston.com | 11/14/08 | suspect:  David McQuillin | victim:  Aspen Technologies, Inc.

David McQuillin, former chief executive of Aspen Technology Inc., of Burlington, was sentenced to three years' probation and a $12,000 fine in a federal court in New York after he pleaded guilty to conspiracy and securities fraud.

Continue reading "Former Aspen CEO gets probation in fraud case" »

Posted by at 11:27 AM |

NY prosecutor picked to serve as bailout watchdog

ap.google.com | 11/15/08

The young prosecutor tapped to monitor the $700 billion financial rescue plan has brought down Colombian drug traffickers, gone after swindling corporate executives and now heads the mortgage fraud unit for the U.S. attorney's office in Manhattan.

Continue reading "NY prosecutor picked to serve as bailout watchdog" »

Posted by at 11:24 AM |

Ex-Tech billionaire gets 9 years for stock fraud

news.google.com | 11/14/08 | $9.7 million | suspect:  Charles E. "Junior" Johnson | victim:  PurchasePro, Inc.

lashy Las Vegas entrepreneur who became a billionaire at the height of the dot-com bubble was sentenced Friday to nine years in prison for stock fraud, capping a seven-year investigation that led to seven convictions.

Continue reading "Ex-Tech billionaire gets 9 years for stock fraud" »

Posted by at 11:15 AM |

Hitachi Exec Charged With Embezzlement

northcountygazette.com | 11/13/08 |$8 million | suspect:  Dennis M. Dowd | victim:  Hitachi American Ltd.

The former senior manager of human resources of Hitachi American Ltd., a New York and California based corporation, has been charged in connection with a scheme to defraud the Hitachi America Ltd. Group Health and Welfare Plan of approximately $8 million.

Continue reading "Hitachi Exec Charged With Embezzlement" »

Posted by at 11:11 AM |

Chesterfield accountant gets prison in Henrico embezzlement

inrich.com | 11/13/08 | $757,000 | suspect:  John N. Sacco

A one-man embezzlement scheme that drained $757,000 from a Henrico County cleaning-supply firm put the firm's former accountant behind bars today.

Continue reading "Chesterfield accountant gets prison in Henrico embezzlement" »

Posted by at 11:07 AM |