_________::::___#432 - June 14, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#432 Updated: 6/14/07 7:08 a.m.

AIG sues ex-chief Greenberg, seeks more than $1 billion
AIG Wednesday sued its ousted Chairman Maurice R. "Hank" Greenberg and
ex-Chief Financial Officer Howard I. Smith for more than $1 billion in damages
stemming from accounting troubles on their watch.  Full story, Marketwatch.com

Sigma chief pleads guilty to embezzling
Yoshio Yamaki, 57, was once a successful executive earning $200,000 a year, but
yesterday he showed up alone in Brooklyn Federal Court, broke and represented
by a court-appointed attorney.  Full story, Newsday.com

Man pleads guilty in fraud case, AG announced today
James Hart Stern legally obtained a list of all cosmetologists, then began
retrieving banking information on them, the release said. Stern is accused of using
that information was able to print false bank drafts on the bank accounts of 154
people that purported to be for annual dues to a bogus cosmetology association.  
Full story, ClarionLedger.com

IRS cites lack of resources to review potential fraud cases
The Internal Revenue Service is not prepared to handle the heavier workload that
would result from aggressively pursuing cases of refund fraud, an agency official
said in response to a new audit report.  Full story, GovExec.com

Scandal topples two lotto officials
In March, provincial ombudsman Andre Marin released a report accusing Ontario
Lottery and Gaming officials of turning a blind eye to widespread fraud among
lottery "insiders" -- lottery retailers, their employees and their families as well as
lottery employees -- for years.  Full story, Canada.com