_________::::___#457 - August 6, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#457 Updated: 8/6/07 8:43 a.m.

Count 'Em: 63 CFOs Convicted in Past Five Years
The DoJ, asked for names based on its earlier count, identified 53 former CFOs in all;
CFO.com adds another 10 from its files.  Full story, CFO.com

Gilbert man accused of fraud with sham company
A Gilbert man and a Tucson colleague have been indicted on charges they fraudulently
obtained $2.3 million by setting up one company to defraud another.  Full story,
azcentral.com

Fraud nets exec 2 years in prison
Fingerhut and Danetz admitted taking advantage of private savings banks whose assets
were deposits. When those banks went public, depositors had subscription rights to buy
stock ahead of other investors. Regulations restricted the amount of shares any one
person could buy and barred transfer of subscription rights.  Full story, sltrib.com

GE Capital accuses Mass. firm of fraud
"PTC pretended to sell a lot of valuable equipment to Toshiba and induced GE to send the
money for it," Markham said. "It turns out many of these supposed sales -- according to the
complaint -- were not actually made, but GE paid the money."  Full story, boston.com

BRITISH AIRWAYS AND KOREAN AIR PLEAD GUILTY TO PRICE FIXING CHARGES
"The Department of Justice is committed to vigorous antitrust enforcement and will continue
to bring to justice those who fix prices and thereby deprive the American public of the
benefits afforded by a truly competitive market," said Attorney General Alberto R. Gonzales.  
FBI press release.

Ex-Bank of America employee admits kickback scheme
According to court papers, Paul Risoli was accused of allocating shares of initial public
offerings and secondary offerings to a hedge fund, Q Capital, in exchange for cash
kickbacks from late 2005 to October 2006.  Full story, reuters.com