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_________::::___#385 - March 28, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#385 Updated: 3/28/07 7:41 a.m.

Conrad Black trial hears of payment diversions
U.S. newspaper executives who bought community newspapers from Hollinger
International Inc. testified on Tuesday they unwittingly agreed to divert some of
the proceeds to a Canadian holding company that enriched media magnate
Conrad Black, who is on trial for fraud.

BofA loses round in Parmalat suit
A federal judge in New York has dismissed some counterclaims brought by Bank of
America Corp. against Italian dairy conglomerate Parmalat Finanziaria SpA, The
Wall Street Journal reported Monday.

SEC's Local Head Says He Follows the Evidence
Schonfeld struck by how often greed leads people 'to cheat the system'

Securities Fraud Case Heading to Supremes
The U.S. Supreme Court will hear a case that could clarify whether outside
vendors can be sued under securities laws for participating in transactions that
were part of another company's accounting fraud.

Hip-hop world's 'Jacob the Jeweler' to stand trial for money laundering
The celebrity jeweler known in the hip-hop world as "Jacob the Jeweler" will stand
trial on money laundering charges here after a federal judge on Monday denied
his request to move the case to New York.

Ex-school employee accused of embezzlement
A former business manager for the Los Olivos School District is facing charges of
grand theft by embezzlement and forgery after she allegedly took more than
$50,000 from the district.

Former pastor sentenced to 90 days for embezzlement
Rev. Michael Kevin Eminger, 47, Oconto, Wis. and former pastor of Trinity Lutheran
Church in Fisher, was sentenced Monday in Polk County District Court for
embezzling nearly $14,000 from the Fisher Chamber of Commerce, for which he
served as the treasurer for five years.