Archives
_________::::___#346 - January 26, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#346 Updated: 1/25/07 8:57 a.m.

Home investors sharpen attacks on builder, bank
Investors left with partially completed homes or empty lots are accusing a home
builder of charging inflated prices for homes and property and accusing
Bradenton-based Coast Bank of failing to keep track of the builder's progress.

Company Misused Cash-Balance Plan: DoL
The Labor Department charges that a Connecticut holding company and its
president improperly transferred up to $2.6 million of pension assets into company
accounts.

Protecting Your Business Against Embezzlement
Ever read those stories about embezzlement and think to yourself, "Wow! What
fools. How could they not have known their employee was stealing money from
them?" Unfortunately, situations like this happen all too often, and most of the
time, the crime's committed by someone you'd never suspect

Washington Fraud Unit Collections Up in 2006
Washington's Department of Labor and Industries (L&I) said its fraud program
collected $135 million in fiscal year 2006, a 29 percent increase over the previous
year.

Former 1st Source officer is charged with embezzlement
A former 1st Source Bank assistant vice president has been charged with
embezzlement of nearly $500,000 siphoned from customers certificates of deposit.

U.S. authorities arrest former NBC Universal officer
U.S. authorities arrested a former treasurer of media conglomerate NBC Universal
on charges of stealing more than $800,000 to finance private jet flights,
expensive liquor and a vacation home, according to a U.S. attorney's statement
on Thursday.