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FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#465 Updated: 8/29/07 2:15 p.m.

Former Associate at Goldman Pleads Guilty
Mr. Plotkin and Mr. Pajcin hired two men, Nickolaus Shuster and Mr. Renteria, to work at a
BusinessWeek printing plant in Wisconsin. The goal was to execute trades based on
information from the magazine’s Inside Wall Street column.   Full story, nytimes.com

Former exec to pay $165 million in fraud case
Eduardo Orlansky was the last of four Bankest corporate officers to be sentenced. His
brother, former Bankest president Hector Orlansky, previously was sentenced to 20 years,
while ex-treasurer R. Peter Stanham received nine years in prison and former vice-president
Ariadna Puerto got seven years.   Full story, reuters.com

Ex-Staples VP pleads guilty in fraud case
Prosecutors said James Dorman embezzled at least $584,826 from the company during the
two years before he was fired by submitting invoices for nonexistent vendors. He also
misused corporate travel funds to pay for personal travel and travel-related expenses for
friends.   Full story, boston.com

Senator Calls on Big Four to Fix Subprime Crisis
Currently, according to Schumer, investors of securitized mortgages are still saying they are
unable to refinance or modify loans because it would interfere with their off-balance sheet
treatment of the loans.  Christopher Cox implied that the lenders could indeed make
modifications without a change to their balance sheet — as long as the likelihood of default
is "reasonably foreseeable."   Full story, cfo.com

Dallas businessman convicted on embezzlement charges
The owner of an employee leasing company embezzled about $482,805 from the 401(k)
plan. Full story, chron.com

Exec gets 4 years for embezzlement
Emmanuel Reyes was indicted in February along with two other officials from the Westmont
firm. Prosecutors claim the three stole as much as $500,000 altogether. The other two
defendants' cases are pending.   Full story, chicagotribune.com

Bookkeeper pleads no contest
Vivian Fu, 36, allegedly stole $217,746 from BayCal Financial Corp. before resigning from
the company and moving with her boyfriend to New York, said prosecutors at the San
Mateo County District Attorney's Office.   Full story, insidebayarea.com
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