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_________::::___#374 - March 13, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#374 Updated: 3/13/07 8:28 a.m.

Chamber Offers Six Suggestions for U.S. Markets
The U.S. Chamber of Commerce had offered up a number of recommendations for
changes to the country’s legal and regulatory framework -- taking aim at
Securities and Exchange Commission and the Sarbanes-Oxley Act in the process.

Bank President Sentenced For Embezzlement
A former senior vice president of a Redwood City bank was sentenced today to
serve a term of 15 months in prison, and ordered to pay at total of $188,714 in
restitution, following her conviction for bank fraud.

Former Head of Student Finance on Trial
The former head of the Student Finance Corp. used money from the company to
shower his mistress with money and gifts and to pay off gambling debts, then lied
about the expenditures in a bankruptcy proceeding, prosecutors said Monday.

Arraignment for deputy in embezzlement case
Arraignment is scheduled Monday for a sheriff's deputy accused of embezzling
thousands of dollars from an East County homeowners association for which he
served as treasurer.

More charges for priest
A former Catholic priest in Louisa County was indicted today on 12 additional
counts of embezzlement.

Tulsa Financial Advisor to Serve Time, Pay $627,000
A former Tulsa financial investment advisor will pay more than $625,000
restitution and serve a 40-year sentence after pleading guilty today to
embezzlement.

Former Nortel Officials Including Dunn Sued for Fraud
North American securities regulators sued former Nortel Networks Corp. officials
including ex-Chief Executive Officer Frank Dunn for allegedly manipulating earnings
to meet financial targets.