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_________::::___#363 - February 23, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#363 Updated: 2/22/07 10:04 p.m.

Old $$$, new places -- Suit says $57M grabbed for jets, golf, vacations
A former executive engaged in “systematic looting” of $57 million from the trust
funds of 19th century industrialist Frederic Ayer’s descendents, then went on a
wild spending spree that paid for private planes, mistresses, vacation homes, and
Playboy golf trips, according to new allegations in a lawsuit.

Banks Lose Bid to Delay Enron Trial
Merrill Lynch, Credit Suisse First Boston, and Barclays Bank had sought to push
back the April 9 trial date, pending an appeals court decision on whether the
litigation can proceed as a class action.

Mother Blames Son for Hedge Fraud Scam
A woman who pleaded guilty to helping recruit investors in a multimillion-dollar
hedge fund scam says she got involved only because she had been "bent to the
will" of her college-age son, who engineered the fraud.

Former Insurance Broker Sentenced For Fraud and Money Laundering, Reports U.
S. Attorney
A Hanson man was sentenced yesterday in federal court for defrauding a number
of individuals who believed that they were purchasing annuity policies from
Transamerica and with defrauding a client of the Catholic Order of Foresters
("COF").

Fallon lady pleads guilty to embezzlement
A former employee of the Fallon Chamber of Commerce has pleaded guilty to two
felony counts of embezzlement.