_________::::___#397 - April 17, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#397 Updated: 4/17/07 7:25 a.m.

Black Says Prosecutors Have No Case
Former media mogul Conrad Black said Monday that he remains confident that the
U.S. government has no case against him and he does not understand "what any
of us are doing here" facing charges of fraud and racketeering.

Nacchio jury dismissed for day
Jurors in the criminal insider trading case of former Qwest chief executive Joe
Nacchio completed their third day of deliberations without reaching a verdict.

IRS criminal investigators remain hard at work
A 49-year-old man who fled the country before pleading guilty earlier this year in
U.S. District Court in Huntington to conspiracy to commit wire and securities fraud,
obstruction of justice and aiding and abetting wire fraud was sentenced Monday
to 121 months imprisonment, three years supervised release and payment of $2
million restitution.

Supremes Say Vacated Lay Charges Will Stay Vacated
The U.S. Supreme Court said that it would not revisit the decision made by lower
courts to vacate the conviction of Kenneth Lay, the late founder and former
chairman of Enron Corp.

SEC Staff Announces Availability of Anti-Money Laundering Compliance Tool
The Securities and Exchange Commission's staff today announced the availability
of a new compliance tool to assist anti-money laundering (AML) compliance efforts
by broker-dealers.