Archives
_________::::___#371 - March 8, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#371 Updated: 3/8/07 6:10 p.m.

Hailey bookkeeper faces embezzlement charge
A former bookkeeper has been charged with embezzlement for allegedly using a
Hailey construction company's credit card for personal use, including trips to
Mexico and Las Vegas.

Employee Arrested For Alleged Embezzlement of Elwood Company
An employee of Modern Die Systems in Elwood is under arrest for allegedly
embezzling more than $555,000 from the company.

Dormont man to stand trial on federal fraud charges
A Dormont businessman set to stand trial next month on a litany of federal fraud
charges, including a scheme which siphoned $1.8 million from senior citizens’ bank
accounts, was arrested today and accused of continuing his fraudulent ways.

Calif. couple charged in art scam that bilked buyers out of $20M
A couple who ran televised auctions admitted selling bogus artworks and forging
signatures of painters including Picasso, Chagall and Dali in a scam that bilked
buyers out of more than $20 million, prosecutors said.

Crime Ring Used TD Ameritrade, Schwab in Online Fraud
An Eastern European crime ring netted at least $733,000 in illegal profit using
trading accounts at TD Ameritrade Holding Corp. and six other firms, in the biggest
fraud yet uncovered by a U.S. probe of online stock manipulation.

FBI says number of mortgage fraud investigations have almost doubled in past 3
years
The number of mortgage fraud cases investigated by the FBI almost doubled the
past three years, reflecting a problem that is “pervasive and growing,” the bureau
said Wednesday in its annual report on financial crimes.

Islamic charity indicted for money laundering
A federal grand jury has indicted a now-defunct Islamic charity and five men for
illegally transferring funds to Iraq and stealing U.S. government grant money,
prosecutors said on Wednesday.