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_________::::___#263 - September 21, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#263 Updated: 9/20/06 9:50 p.m.

09/20/06 Accountant who embezzled $1.5M from health clinic sentenced
A federal judge has imposed a five-year prison sentence on an accountant who
said he embezzled $1.5 million from a federally funded health clinic and used the
money to aid Greater Muskegon Catholic Schools and his failing restaurant.

09/20/06 Cox: SOX Good, But Needs Tweaking
In testimony before lawmakers, Securities and Exchange Commission chairman
Christopher Cox defended the Sarbanes-Oxley Act, but sided with critics of the
sweeping reform act who maintain that parts of the mandate need to be
changed— in particular Section 404.

09/20/06 Creditors Can Sue Dead Enron Exec
A bankrutpcy judge said creditors can try to collect $1.3 million from the estate of
Cliff Baxter, who died in 2002.

09/20/06 Former Gen Re, AIG Executives Indicted
Four former executives of Berkshire Hathaway's General Re Corp. and a former
executive of American International Group Inc. were indicted Wednesday on
charges they participated in a scheme to manipulate AIG's financial statements.

09/20/06 Woman Charged in Car Dealership Embezzlement Case
A Rochester woman is alleged to have stolen hundreds of thousands of dollars
from a local car dealer

09/20/06 Court date set for area soccer mom
A preliminary hearing has been scheduled for the former treasurer of the Castro
Valley Youth Soccer League who is accused of embezzling nearly $170,000 from
the organization.

09/20/06 Company Offers Bundled Hotline Solution for Preventing School Fraud
and School Violence
Early detection is the key to prevention, and prevention can save school districts
time and money. Report it helps school administrators to be proactive to potential
risks, not reactive, thus dealing with issues before they escalate into major
problems.