_________::::___#411 - May 9, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#411 Updated: 5/9/07 7:51 a.m.

SIX DEFENDANTS INDICTED FOR STEALING MONEY  THROUGH THE INTERNET
In order to perpetrate this scheme, the defendants would acquire free software
over the Internet which they used to scan the Internet for the purpose of finding
unsuspecting individuals’ and/or entities’ computers which did not have proper
security features in place in order to search for personal financial information such
as financial account numbers and passwords.  the defendants would then access
the customer’s financial institution using the institution’s on-line banking website.
As a result of their scheme, the defendants acquired approximately $383,000.  Full
story, FBI

OWNER OF AVON FINANCIAL FIRM SENTENCED TO 7 YEARS IN FEDERAL
PRISON FOR STEALING $4.5 MILLION FROM INVESTORS
As part of the scheme, FAUBERT spent approximately $4.5 million for his own
personal use and enjoyment, which included gambling, lavish vacations, and
expensive cars. In order to lull the investors into believing that the investments
were earning the promised rate of return, FAUBERT mailed false monthly financial
statements to his clients.  Full story, FBI

Radler Says Black Oversaw Theft of Hollinger Money
Radler recalled an August 2000 phone call with Black in which they discussed
replicating the taking of noncompete agreements for themselves from three deals
being contemplated in the U.S. ``He suggested that we insert ourselves into the
noncompete process and I agreed,'' Radler said. ``Hollinger International was
making a lot of money on the sales of these newspapers.''  Full story, Bloomberg.
com

Mays school disciplines 24 for cheating
Two dozen Texas A&M seniors were disciplined for violating the Aggie Code of
Honor when they cheated last month on a business ethics class quiz, university
officials said Monday.  Students in the one-hour business ethics class were using
hand-held electronic devices connected to a class teleprompter to take a quiz
when the cheating reportedly took place.  Fifty-one students were investigated
for possible cheating, but 27 were cleared because officials couldn't find
irrefutable proof - the standard required - that they had cheated, Strawser said.  
Full story, The Bryan College Station Eagle


Guilty plea given in Nigerian scam
The former Alcona County treasurer accused of embezzling $186,500 entered an
unexpected guilty plea to all charges Tuesday, admitting he stole the county's
money and sent it to one of the notorious Nigerian Internet investment frauds.
Katona, who had served almost 14 years in office, was fired last year when the
theft was discovered. A state audit indicated that more than $1.2 million in county
funds were unaccounted for, a huge sum in a county of only 11,000 year-round
residents.  Full story, Detroit Free Press