_________::::___#454 - July 31, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#454 Updated: 7/31/07 12:45 p.m.

Okemos parents troubled by PTO embezzlement
Deborah Duncan, a 52-year-old Okemos mom, faces up to 10 years in prison if she
is found guilty of stealing the money that could have paid for books, field trips and
computers. She stands accused of embezzling from Wardcliff's PTO group before
she stepped down as treasurer in 2006.  Full story, lsj.com

Railroad union treasurer gets prison time for embezzlement
A former treasurer for a railroad workers union will spend six months in prison and
six months on home confinement after pleading guilty to embezzling $45,000 from
the organization, a federal judge ruled yesterday in Baltimore.   Full story,
baltimoresun.com

PBS&J manager gets prison term
Maria M. Garcia, the former PBS&J finance-systems manager who participated in a
$36 million embezzlement at the engineering consulting firm, was sentenced to 63
months in prison Monday.   Full story, miamiherald.com

New Haven woman given one month in prison for embezzlement
A former member of the New Haven Board of Aldermen has been sentenced to
one month in federal prison for embezzling nearly $50,000 in federal money that
was supposed to help residents of public housing.   Full story, boston.com

Developers Accused of Stealing Millions in a Mortgage Fraud
From September 2003 to March 2007, the defendants borrowed $27 million from
the investors and $51 million from financial companies for a $78 million renovation
of 16 apartment buildings, according to court papers. Prosecutors said that the
investors were promised above-market returns of 11.5 percent to 13.5 percent in
18 months to three years, when the principal would have to be repaid.  Full story,
nytimes.com