bostonherald.com | 11/4/08 | $320,000 | P.A. Landers, Inc.
Bridgewater man will collect $320,000 from a Hanover road construction firm that fired him after he unearthed a shrewd overbilling scheme that defrauded taxpayers, according to a settlement announced today.
Continue reading "Whistleblower to get $320,000 from paving firm" »
boston.com | 10/1/08 | Samantha Gross
First the bursting of the dot-com bubble in the 1990s, then the accounting scandals earlier this decade, forced ballparks and arenas around the country to change their names. Enron Field became Minute Maid Park, and names like PSINet Stadium and CMGI Field vanished.
Continue reading "Money meltdown creates identity crises for venues" »
nytimes.com | 9/27/08 | LYNNLEY BROWNING
A Treasury Department panel issued final recommendations on Friday meant to encourage auditing firms to catch corporate fraud before it happens — and to protect them from going under when it does.
Continue reading "Panel Suggests Ways Auditing Firms Can Stem Fraud" »
ft.com | 9/22/08 | Emma Byrne
A new technique for the forensic analysis of text messages may soon be used in court, according to research to be released on Monday at the BA Festival of Science in Liverpool. The technique, which can also be applied to e-mails, chatroom conversations and other electronic messages, makes it possible to determine the likelihood that two messages were written by the same person.
investors.com | 9/19/08 | Steve Watkins
Does integrity really pay off on the bottom line? Tony Simons says it does, and he has hard data to back it up. Simons, a professor at Cornell University's School of Hotel Administration, surveyed employees at 76 hotels. He found that hotels where workers say their bosses keep their word and do what they say they'll do turned a higher profit than those where workers are leery about their bosses' integrity.
bloomberg.com | 9/22/08 | Erik Matuszewski
Mariano Rivera was like a kid in a sandbox after the final game at Yankee Stadium, down on his hands and knees digging up dirt from the pitcher's mound for a memento. His keepsake just isn't officially recognized by Major League Baseball.
marketwatch.com | 9/19/08 | Press Release
Surety One ( http://www.SuretyOne.org), a member of The Poindexter Group of Companies, announces the national roll-out of its specialty fidelity bond product for coffee/teahouse and cafe owners.
Continue reading "Embezzlement Protection for Coffeehouse and Cafe Owners" »
businesswire.com | 9/10/08 | Press Release
According to a new study by BDO Consulting, LLP, thirty-seven percent of top executives at leading U.S. private equity firms have been exposed to corporate fraud through their investments and 40% of these investors say the impact on their investment return was significant. Fifty-nine percent of those exposed have faced instances of fraud worth $1 million or more. Nearly one third (29%) would be willing to pay a higher price (a median of five percent more) for a company that had a comprehensive anti-fraud program in place.
Continue reading "Private Equity Investors Are Concerned About Fraud" »
ap.google.com | 9/1/08 | Kevin Freking
Whistle-blowers helped authorities recover at least $9.3 billion from health care providers accused of defrauding states and the federal government, according to an analysis of Justice Department records.
Continue reading "Whistle-blowers help US recoup $9.3 billi" »
buffalonews.com | 8/24/08 | Brian Meyer
When a new hotline was set up six months ago to take calls about possible waste, fraud and abuse in City Hall, no one had a clue how many whistle-blowers might call with credible tips. The phones haven’t exactly been ringing off the hook. The hotline has received 46 calls — less than eight calls a month.
Continue reading "Buffalo fraud hotline generating few tips" »
bizjournals.com | 8/18/08 | Staff Writer
A measure that could make company owners and executives criminally liable for any wrongdoing by their business has been certified for inclusion on the November ballot, the Colorado Secretary of State said Monday.
projo.com | 8/14/08 | Michael P. McKinney
An anonymous hot line has been established at the Rhode Island Resource Recovery Corporation after a preliminary investigation raised “the possibility of fraud and abuse” at the corporation, said Chris DerVartanian, chief of the Bureau of Audits, in a news release.
Continue reading "Hot line set for reports of fraud, waste at landfill agency" »
investors.com | 7/2/08 | Donna Howell
High-profile banking scandals, rising worries over fraud and a sluggish economy are spurring closer monitoring of financial transactions — and a flurry of new security products.
Continue reading "Fraud Worries Spur New Security Efforts" »
news.cnet.com | 6/30/08 | Steve Tobak
Corporate fraud didn't start with Enron, Tyco, and WorldCom and it didn't end with them, either. Fraud is rampant in the technology industry. What most employees, investors, and consumers don't realize is how much it costs them.
Continue reading "How much does corporate fraud cost you?" »
ap.google.com | 6/9/09 | Staff Writer
WASHINGTON (AP) — The Supreme Court ruled unanimously Monday that a whistleblower aw intended to expose fraud can be applied to subcontractors and other indirect recipients of federal funds.
Continue reading "Court sets limits in government fraud suits" »
webcpa.com | 6/4/08 | Staff Writer
The U.S. Tax Court has proposed amending its rules and procedures for whistleblower award actions.
Continue reading "Tax Court Proposes Whistleblower Changes" »
cfo.com | 1/30/08 | David M. Katz
With recession looming larger with each passing day, fraud is ever more likely to rear its ugly head. Unlike the last recessionary period beginning in late 2001, today's fraudsters are more likely to come from middle management than the C-suite. What happened to change things in the intervening years? Section 404 of the Sarbanes-Oxley Act of 2002.
law.com | 4/23/08 |The National Law Journal
The past decade has seen a significant rise in lawsuits brought by bankruptcy trustees or receivers against an insolvent company's former accountants and attorneys. Trustees and receivers presiding over the estate of a failed company victimized by -- or, more often, utilized for -- fraud or other misconduct are now routinely looking to causes of actions against the debtor's professionals as the estate's primary, if not the only, assets.
Continue reading "Business Busts Pose Risk for Lawyers, Accountants" »
portfolio.com | 3/10/08 | Adam Piore
People don’t normally try to kill you for doing their taxes, but forensic accounting is a whole different ball game.
bloggingstocks.com | 3/5/08 | Zac Bissonnette
In case you've missed it, CNBC's American Greed series is one of the best new television shows to come out in awhile. Each 1-hour episode looks at two scams, cons, and schemes, featuring interviews with victims, participants, and law enforcement. It's a great look at the psychology of white collar crime and, even better, it's entertaining.
Continue reading "CNBC's American Greed special on Worldcom" »