_________::::___#431 - June 13, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#431 Updated: 6/13/07 9:53 a.m.

Four Banks Charged in Parmalat Case
Citigroup Inc., UBS AG, Deutsche Bank AG and Morgan Stanley, face criminal
charges in a Milan court for their alleged role in the circumstances that led to the
bankruptcy of Parmalat.  Full story, CFO.com

SEC to Fine Nortel for Accounting Fraud
The Securities and Exchange Commission is preparing to fine telephone-
equipment giant Nortel Networks as much as $100 million for accounting fraud,
according to published reports.   Full story, webcpa.com

Defense rests case at Conrad Black trial
Defense lawyers at Conrad Black's criminal fraud trial wrapped up their case on
Tuesday after the one-time media baron and three co-defendants turned down a
last chance to take the stand in their own defense.   Full story, Reuters.com

Former executive pleads guilty to embezzlement
Christian Chatterjee, 39, the former Crave Entertainment senior vice president of
Information Technology and Operations swindled the company out of about
$297,531, prosecutors said.  Full story, DailyPilot.com

Woman says she’s guilty of embezzlement
A former administrative assistant for the Moberly Area Chamber of Commerce
yesterday pleaded guilty to stealing $60,780 from the chamber.   Full story,
ColumbiaTribune.com