Archives
_________::::___#353 - February 7, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#353 Updated: 2/6/07 6:21 p.m.

Hyundai Motor Chief Gets Prison Term
Hyundai Motor Co. Chairman Chung Mong-koo, handed a surprise three-year jail
term for high-profile corruption, won't be donning prison garb anytime soon and
for now remains in control of the troubled, yet expanding automaker.

Defendants acquitted in AOL trial
Two former midlevel executives at America Online were acquitted Tuesday on all
counts of charges they conspired with a now-defunct Las Vegas software firm to
inflate its revenue with secret side deals and backdated contracts.

World Bank Steps Up Anti-Graft Drive; Blacklists 112 in 2 Years
The World Bank said it stopped doing business with 112 people and firms
suspected of corruption over a two-year period as it stepped up a drive to combat
graft.

Lawyer pleads guilty to stock fraud involving millions
A Denver lawyer on Tuesday pleaded guilty in federal court to his role in two stock
fraud and money laundering schemes, one of which cost public investors more
than $15 million, according to U.S. Attorney Christopher J. Christie.

Four defendants indicted in 23-count fraud case
Four St. Louis-area residents were indicted Tuesday on a total of 23 counts of
fraud related to their involvement in a mortgage scheme involving several local
properties, U.S. Attorney Catherine Hanaway said.

Former OC Red Cross accountant says not guilty of fraud charges
A woman accused of embezzling at least $100,000 from Orange County's Red
Cross chapter pleaded not guilty to five counts of mail and wire fraud.