_________::::___#453 - July 30, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#453 Updated: 7/30/07 11:53 a.m.

IRS Snags Small Biz CFO
While finance executives involved in big white-collar crime cases make headlines,
the Internal Revenue Service remains vigilant about tracking perpetrators of
small-business crime. Case in point: Jeffrey Meyer, a one-time chief financial officer
of a very small, defunct Illinois company has been charged with filing a false
income-tax return, specifically for not reporting embezzled income.  Full story,
CFO.com

Days may be numbered for Boca businessman wrestling with the SEC
Never mind that a federal judge said in February that Richard Altomare, chief
executive of Universal Express, had "repeatedly and brazenly" committed fraud.
Forget the $21.9 million fine handed out to Altomare and the company's chief
counsel along with it, and the fact it barred either man from working again as
director or officer of a public company.  Full story, palmbeachpost.com

Peregrine fraud trial ends in hung jury
The four defendants were the first to go to trial on federal criminalcharges of
conspiracy and fraud after the publicly traded software company imploded in 2002
amid a corporate accounting scandal.  Full story, signonsandiego.com

Local woman gets 10 years for check fraud
Terri Kicklighter was part of a eight-person group charged by the Attorney
General's Office of Statewide Prosecution. The group, which created accounts in
local credit unions and cashed fraudulent business and personal checks under
assumed names, was arrested in November of 2005, according to prosecutors.  
Full story, bizjournals.com

How Business Scandals Are Good for the U.S.
Americans can't stand a cheater. Even more, they abhor wealthy CEOs who play
the system to their advantage and think they can get away with it.   Full article,
thestreet.com

Ex-Qwest Chief Nacchio Gets 6 Years for Inside Trades
Joseph Nacchio, former chief executive officer of Qwest Communications
International Inc., was sentenced to six years in prison for trading $52 million in
company shares based on inside information about falling revenue.  Full story,
bloomberg.com