Archives
_________::::____#153 - April 6, 2006________________
#153 Updated:  4/5/06 5:59 p.m.

04/05/06 China Fines 600 Financial Institutions
China fined 600 financial institutions a total of 56.3 million yuan ($7 million) for
money-laundering violations in 2005, including a branch of Japan's Bank of
Tokyo-Mitsubishi UFJ, a state-run newspaper reported Wednesday.

04/05/06 Witness: Enron Law Firm Probed Complaints
Enron Corp.'s outside law firm conducted a cursory probe in the fall of 2001 of
accounting complaints raised by former finance executive Sherron Watkins that
asked executives and accountants who had already approved financial structures
if they were proper, a lawyer with the firm testified Wednesday.

04/05/06 Former bank president whose bank was shut down charged with fraud
Mark R. Hardyman, 51, was accused of falsifying official documents as part of an
elaborate plan to disguise bad loans issued by the First National Bank of
Blanchardville.

04/05/06 Former Calif. Candidate Wins Jail Time
Failed gubernatorial candidate George Henry "Nick" Jesson, who ran on a strident
anti-tax platform, has been sentenced to 27 months in federal prison for tax fraud
and ordered to pay $215,454 in restitution.

04/05/06 Audit Fees Drop, For Some
The sophomore jinx was lifted for some big companies as 25 of them reported
lower audit fees in their second-year of Sarbox compliance. Other companies are
still on an upward trajectory.

04/05/06 Ameriquest AE Sentenced in $20 Million Fraud Scheme
Bradley J. Schlozman, United States Attorney for the Western District of Missouri,
announced that a former Northland mortgage broker and a former real estate
appraiser were sentenced in federal court today in separate but related cases
involving a property flipping scheme and mortgage fraud.

04/05/06 Former lawyer pleads guilty in embezzlement case
A former lawyer who served as general counsel for John Ascuaga's Nugget in
Sparks for 15 years pleaded guilty Tuesday to embezzling more than $3 million
from the company from 1992 to 2005.
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News