_________::::___#425 - June 1, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#425 Updated: 6/1/07 8:36 a.m.

NORMAN SCHMIDT FOUND GUILTY IN INVESTMENT FRAUD
According to the evidence presented during the trial, heobtained tens of millions
of dollars from hundreds of investors, and used the money for the defendants’
own personal gain.  He stated that he would invest the victims’ money, promising
rates of return from 2 percent to 400 percent per month.  FBI press release.

Prosecution rests in Black case
Defence expected to take only one or two weeks, so verdict could be returned by
the end of June.  Full story, Toronto Star

UA sets up new hot line for ethics, illegal behavior
The University of Arizona is setting up an anonymous hot line to take reports of
unethical or illegal behavior. Full story, TucsonCitizen.com

Local woman acquitted in mortgage fraud case
"There was strong evidence in the case that Ms. Kinsey was taken advantage of
by criminals who were very skilled in convincing people that they were legitimate
business people," Tyrone said. "So we knew we had a real story to tell in this
case about criminals who took advantage of people's trust, and a woman who
was too trusting." Full story, BizJournals.com

Scottsdale School District worker named in thefts
Janet Winkler Rice, 59, an assistant to the district’s legal counsel, was arrested
Friday after Scottsdale police executed a search warrant at her home and seized
documents that point to $307,000 in losses to the district, police said.   Full story,
East Valley Tribune.