_________::::___#451 - July 25, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#451 Updated: 7/25/07 8:45 a.m.

ConAgra to pay $45 mln to settle fraud charges-SEC
The SEC said ConAgra misused corporate reserves to manipulate earnings in fiscal
year 1999 and a former subsidiary engaged in improper revenue recognition in
2000.   Full story, reuters.com

SEC Charges Operators of Phoenixsurf.com Web Site With Conducting a
Massive Internet Ponzi Scheme
The Securities and Exchange Commission today filed securities fraud charges
against the operators of an Internet-based Ponzi scheme that raised $41.9 million
in just four months from more than 20,000 investors worldwide.   SEC press
release.

$1.5 Million Fraud Against Samsung Corporation
A former director of Samsung America, Inc.'s Korea Export Department was
arrested today on a criminal Complaint charging him with wire fraud arising out of
his embezzlement of approximately $1.5 million from Samsung, U.S. Attorney
Christopher J. Christie announced. FBI press release.

Former banker pleads guilty to embezzlement
A former vice president of American Bank pleaded guilty Tuesday in federal court
to embezzling more than $500,000 from the bank.   Full story, joplinglobe.com

Former bank VP sentenced to work release, probation for embezzlement
scheme
According to an arrest warrant, Renae Johnson devised a string of fake loans that
were taken out under real bank customers' names since September 2004.   Full
story, greeleytrib.com