FraudBaron.com

Mark Cuban created Web site in 2006 to expose securities fraud

Tue, 18 Nov 2008 20:57:23 -0800

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.

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

Tue, 18 Nov 2008 20:52:13 -0800

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.

SEC accuses 4 of inflating bank's portfolio

Tue, 18 Nov 2008 20:46:08 -0800

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.

Indiana man arrested in $6M scheme

Tue, 18 Nov 2008 20:39:25 -0800

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.

CPA gets 18 months for fraud schemes

Tue, 18 Nov 2008 20:26:46 -0800

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.

Former CEO of Iowa kosher slaughterhouse arrested

Mon, 17 Nov 2008 11:30:39 -0800

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.

Former Aspen CEO gets probation in fraud case

Mon, 17 Nov 2008 11:27:21 -0800

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.

NY prosecutor picked to serve as bailout watchdog

Mon, 17 Nov 2008 11:24:20 -0800

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.

Ex-Tech billionaire gets 9 years for stock fraud

Mon, 17 Nov 2008 11:15:57 -0800

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.

Hitachi Exec Charged With Embezzlement

Mon, 17 Nov 2008 11:11:53 -0800

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.

Chesterfield accountant gets prison in Henrico embezzlement

Mon, 17 Nov 2008 11:07:16 -0800

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.

Philanthropist's fraud trial reaches close in NY

Thu, 13 Nov 2008 12:13:37 -0800

forbes.com | 11/13/08 | suspect: Alberto Vilar | victim: Amerindo Investment Advisors Inc.

Federal prosecutors closed their fraud case against the philanthropist Alberto Vilar on Wednesday by telling jurors that the opera-loving investment adviser "flat out stole" from some clients when his firm ran into financial trouble in the high-tech stock crash.

Va. Businessman Pleads Guilty to $33M Mortgage Fraud

Thu, 13 Nov 2008 12:05:11 -0800

washingtonpost.com | 11/13/08 | $33 million | suspect: Vijay K. Taneja | victim: multiple banks

Vijay K. Taneja, 47, admitted that he defrauded banks of at least $33 million through schemes in which he created bogus mortgage loans and obtained funds for the same loans from multiple banks. Prosecutors said the case is the largest in Virginia in at least 20 years.

Embezzlement nets 16-month prison term for former purchasing manager

Thu, 13 Nov 2008 11:59:41 -0800

indystar.com | 11/11/08 | $600,000 | suspect: Robert Rosenberg | victim: Sealed Air Corp.

An Indianapolis man was sentenced to 16 months in prison Monday after pleading guilty to embezzling more than $600,000 to buy car parts for his fledgling engine-making company, Chaos Drag Racing.

Koger Pleads Guilty to Embezzlement

Thu, 13 Nov 2008 11:55:51 -0800

connectionnewspapers.com | 11/11/08 | $3 million | suspect: Jeffery Scott Koger | victim: multiple

Jeffrey Scott Koger admitted to embezzling approximately $3 million from 400 homeowner associations using 140 bank wire transfers, according to statement of facts filed Monday, Nov. 10 with his plea agreement in federal court in Alexandria.