Archives
_________::::____#212 - June 30, 2006________________
#212 Updated: 6/29/06 8:56 p.m.

06/29/06 Bank settles fraud case
Deutsche Bank has settled a lawsuit filed against it by Stockwalk Group to recover
losses incurred as part of a massive securities fraud allegedly orchestrated by the
German financial giant, a fugitive Saudi arms dealer and other individuals that
bankrupted the Minneapolis-based securities firm.

06/29/06 Miss. developers' murky past includes fraud
Two brothers involved in the biggest post-Katrina development on the Mississippi
Gulf Coast were key figures in an Internet stock scam that federal authorities say
bilked investors out of more than $12 million, MSNBC.com has learned.

06/29/06 Bill Aims to Protect Small Businesses From Fraudulent Payroll Tax Agents
U.S. Senator Olympia Snowe (R-ME), chair of the Senate Committee on Small
Business and Entrepreneurship, introduced a bill that aims to protect small
business owners from payroll and accounting firms that have fraudulently
collected payroll taxes, pocketed the proceeds, and diverted delinquency notices
that the Internal Revenue Service sends to their clients.

06/29/06 Prison, restitution await embezzler
A federal judge sentenced the former chief financial officer of a Hayward toy
company on Tuesday to 34 months in prison for embezzling $1.1 million.

06/29/06 Post office indictments
A federal grand jury Wednesday indicted three people in cases related to the
alleged embezzlement of money from the U.S. Postal Service by a Madison postal
worker.

06/29/06 Woman gets 27 months in $1.5M embezzlement
A woman accused of embezzling more than $1.5 million from a credit union and
buying more than 1,500 items, including hundreds of pairs of shoes and a $60,000
swimming pool, has been sentenced to 27 months in prison.
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