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_________::::___#379 - March 20, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#379 Updated: 3/20/07 7:45 a.m.

Suit says investor pocketed millions
Twenty-nine Monterey County residents have lost a total of about $14 million in a
case of investment fraud involving a former member of the Big Sur International
Marathon board, a Monterey-based lawyer said Monday.

Class Dismissed, Enron Trial on Hold
''For the Fifth Circuit to step in only weeks before the trial is a major signal in the
direction of a narrowed scope of liability...and a very big victory for business,''
says one observer.

Mother in hedge fund fraud scheme with son is sentenced to 2 years in prison
A woman convicted with her son in a multimillion-dollar hedge fund scam was
sentenced Monday to two years in prison.

Project shows ease of money laundering in USA
What does it take to create secretive U.S. companies capable of wiring funds to
and from an offshore bank with virtually no identifying trail for law enforcement
authorities? About one month and $4,000.

Vintners greet news of arrest with relief
Napa Valley winemaker Julie Johnson had to sit down when she heard there'd
been a break in the investigation of a warehouse fire that took out her 2003
vintage along with the inventories of scores of other vintners.