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_________::::___#376 - March 15, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#376 Updated: 3/15/07 10:12 a.m.

Black Shadows
Conrad Black's trial begins; policing the behaviour of bosses can prove to be a
costly business.

Yao Guilty of Bankruptcy Fraud
Former Student Finance Corp. chief executive Andrew Yao was found guilty
Wednesday on two counts of bankruptcy fraud by a federal jury.

Fraud Discovery Institute Issues Report on Public Company Usana Health
Sciences, Inc., Documenting Multiple Alleged Misrepresentations, Material Non-
Disclosures and an Untenable Business Model
The Fraud Discovery Institute, under the direction of Barry Minkow, has issued a
report on public company, Usana Health Sciences, Inc., alerting authorities to
possible fraud and also raising questions about the legitimacy of the entire
multi-level marketing industry.

Peregrine's Ex-CEO Pleads Guilty in Fraud
The former chief executive of bankrupted business software firm Peregrine
Systems Inc. pleaded guilty to charges related to his role in a $250-million
accounting fraud at the company.

KPMG survey finds 20 pct of construction clients have fallen victim to fraud
A major new study of the construction industry has found that a fifth of all
construction clients claim to have fallen victim to fraud from their own companies.

Guilty verdicts in Phillip Hill Atlanta mortgage fraud scheme
After an eight week trial, a federal jury on March 14 returned guilty verdicts
against 10 defendants charged with multiple counts in a more than $41 million
mortgage fraud scheme that targeted the metro Atlanta housing and condo
market from 2000 through part of 2003.