_________::::___#424 - May 31, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#424 Updated: 5/31/07 10:22 a.m.

CHEESE MELTDOWN
Recipes for cooking company books vary according to taste but generally include
the following ingredients: greed, theft, power, and accounting trickery. Full story,
FBI.gov

FORMER RED CROSS OFFICIAL IN ORANGE COUNTY PLEADS GUILTY TO
EMBEZZLING
Shuerger admitted that she bilked the American Red Cross in two ways.   
Shuerger used the traveler's checks to make payments for personal and
unauthorized items.  She also admitted that she used an American Red Cross
credit card issued to her to make unauthorized purchases of goods and services
for her and her family members. FBI press release.

4 guilty of fraud netting millions
On Tuesday, a federal jury in Denver convicted the four businessmen on multiple
fraud charges in connection with a high-yield investment scam that bilked more
than 1,000 investors out of $56 million. Each faces years in prison and thousands
of dollars in fines.  Full story, DenverPost.com

Athletes Behaving Badly Should Worry Future Employers
Today’s business environment promotes the importance of teamwork. A company’
s successful results frequently depend on how well team members respect one
another to combine skills and collective thinking towards the completion of a
project or to reach a particular goal.  Full story, thebusinessledger.com

A pretext for revenge
Hewlett-Packard says former VP Karl Kamb betrayed the company. He claims HP
got his private phone records and spied on Dell. Fortune's Nicholas Varchaver
reports.  Full Story, Money.CNN.com