Archives
_________::::____#234 - August 9, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#234 Updated: 8/08/06 9:08 p.m.


08/08/06 Cox's Year 2 Means Showing Sarbanes-Oxley Works       
Securities and Exchange Commission Chairman Christopher Cox has said the
agency has the flexibility to implement controversial corporate regulations in a
way that won't knock the United States out of the global race to attract
companies and capital.

08/08/06 IRS, Canada Team to Unravel Cross-Border Tax Scheme        
Officials of the Canada Revenue Agency and the United States Internal Revenue
Service announced progress in unraveling an abusive cross-border tax scheme.

08/08/06 Is Your Blackberry a Hacker's Back Door?        
Blackberries, derided as "crackberries" for their addictive qualities, may also be a
crack in your company's IT armor. A program to be released this week at a
prominent hacking convention highlights the potential risks.

08/08/06 Carmel contractor charged with fraud        
A 40-year-old Carmel man was charged with mail fraud today, along with failure to
account for and pay the government taxes withheld from employees.

08/08/06 Former bank official pleads guilty to embezzlement        
A former officer of the Hudson Savings Bank, who once worked at the bank's
Marlborough branch, waived indictment and pleaded guilty to charges that he
embezzled more than $650,000 from customer accounts.

08/08/06 Court revives fraud lawsuit against American Express
A federal appeals court has revived an investor class-action fraud lawsuit accusing
American Express Co. (AXP.N: Quote, Profile, Research) of understating risks it
faced from owning junk bonds, which caused about $1 billion of losses for the
credit card and travel services company.

08/08/06 Russian Prosecutors Open Bankruptcy Fraud Case Against Yukos Creditor
The Russian Prosecutor General’s Office has opened a criminal case over fraud
related to the bankruptcy procedures against the oil company, Yukos, ITAR-TASS
news agency reported Tuesday.