The U.S. Supreme Court is hearing arguments in the appeal of former Enron CEO Jeffrey Skilling, who is currently serving a 24-year sentence after being convicted on 19 counts of … Continue reading “Supreme Court Hears Ex-Enron CEO Appeal”
Category: Fraud
Madoff Sentenced to 150 Years
U.S. District Court for the Southern District of New York Judge Denny Chin gave Bernard Madoff the maximum sentence of 150 years for 11 counts of securities fraud. Madoff has … Continue reading “Madoff Sentenced to 150 Years”
House Approves Legislation to Create Financial Fraud Commission
Legislation called the Fraud Enforcement and Recovery Act was approved by the U.S. House of Representatives, after being approved by the Senate. It will become law once it is signed … Continue reading “House Approves Legislation to Create Financial Fraud Commission”
Katrina Fraud Charges Against Mississippi Mayor
Brent Warr, mayor of Gulfport, Mississippi, has been indicted for conspiring to defraud the federal government and filing a false claim for Hurricane Katrina disaster assistance. After entering a not-guilty … Continue reading “Katrina Fraud Charges Against Mississippi Mayor”
Madoff Arrogance and Hypocrisy Exposed
Bernard Madoff, the money manager accused of swindling investors in a $50 billion Ponzi scheme once boasted to the Securities and Exchange Commission about the money he made. He also … Continue reading “Madoff Arrogance and Hypocrisy Exposed”
Criminal Charges Filed Against Former Bear Stearns Executives
Two former Bear Stearns investment managers were indicted today on charges stemming from the collapse of hedge funds last year which cost investors more than $1 billion dollars. Ralph R. Cioffi … Continue reading “Criminal Charges Filed Against Former Bear Stearns Executives”
Mississippi Residents Plead Guilty to Katrina Fraud
Mississippi Gulf Coast residents, Vincent Pempeit and Sandy Barron, pleaded guilty today to fraudulently seeking disaster assistance following Hurricane Katrina. By falsely claiming he lived in a particular home, Pempeit … Continue reading “Mississippi Residents Plead Guilty to Katrina Fraud”
Best Buy Faces Bait-and-Switch Lawsuit
Connecticut attorney general Richard Blumenthal has announced a lawsuit against Best Buy accusing the chain of using in-store computer kiosks to deceive consumers and overcharge them. Best Buy is one of the nation’s … Continue reading “Best Buy Faces Bait-and-Switch Lawsuit”
Order for Federal Agencies to Eliminate Unnecessary Collection and Use of Identifying Information
Clay Johnson III, Deputy Director for Management of the Office of Management and Budget, issued a memo on Tuesday to all department and agency heads ordering the implementation of new … Continue reading “Order for Federal Agencies to Eliminate Unnecessary Collection and Use of Identifying Information”
Tax Scam Involving Identity Theft of Dead Persons
A woman in California was charged on Thursday for filing false claims against the U.S. with a possible penalty of up to 15 years in prison. The accused admitted to Internal … Continue reading “Tax Scam Involving Identity Theft of Dead Persons”
