Archives
_________::::____#246- August 28, 2006________________
#246 Updated: 8/27/06 9:41 p.m.

08/28/06 New Austin museum shines light on fraud
The newly created "Fraud Museum" wants to educate people about financial
misdeeds throughout history, including that embarrassing period in Georgia's
political past.

08/28/06 S.F. restaurant bookkeeper sentenced for embezzlement
Two-time embezzler Laurie Griffen was sentenced Monday to 15 months in prison
and ordered to return $175,000 to San Francisco restaurant MoMo's, where she
was a bookkeeper, the U.S. attorney's office reported today.

08/28/06 Estes guilty in school scheme
Harold Ray Estes, the only person to go to trial in connection with the Wake
school transportation scandal, was convicted of fraud and conspiracy late Friday.
He was sentenced to between 11 and 15 years in prison and a $500,000 fine.

08/28/06 Woman gets 9 years in scam
A 69-year-old Denver woman was sentenced to nine years in federal prison Friday
for her role in an international investment scheme that authorities say ripped off
more than 1,000 people, including 200 in Colorado.

08/28/06 Regulators Let Bank Off Easy, U.S. Says
Wells Fargo & Co.'s safeguards for detecting illicit banking activities by terrorists,
drug smugglers and other criminals were so weak that federal regulators should
have publicly reprimanded the San Francisco-based bank, according to a Treasury
Department report released Wednesday.

08/28/06 China Sees Rise in Suspect Tranactions
Closer monitoring resulted in a 12-fold surge in the number of China's reported
suspicious foreign exchange dealings, the central bank said in its latest report on
money laundering.

08/28/06 Lawyer sentenced in Nugget embezzlement
The lawyer who embezzled $3.1 million from John Ascuaga's Nugget over 12 years
was sentenced Thursday to 10 years in prison, with parole possible after serving
four.

08/28/06 SEC Probing KB Home
The company's announcement of the SEC inquiry follows press reports that CEO
Bruce Karatz cashed out nearly $100 million from stock options dated from periods
when the stock price was unusually low.
FRAUDBARON.com
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Source for Fraud News