_________::::___#471 - September 11, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#471 Updated: 9/11/07 8:05 a.m.

Regulators target fraud against older investors
US regulators, stepping up efforts to rein in securities fraud involving seniors, found that
more than a third of "free lunch" seminars aimed at older Americans focused on unsuitable
or fraudulent investments.   Full story, boston.com

Former Chinese bank official executed for bribe taking, embezzlement
A former official with the Agriculture Bank of China was executed Tuesday for taking bribes
and embezzling bank funds worth about 15 million yuan (US$2 million; €1.45 million), a
newspaper reported.   Full story, iht.com

Former Head of MX Factors Is Charged With Fraud
Authorities said that from 2000 to 2003, MX Factors, of Riverside, Calif., pretended to make
short-term secured loans to government contractors and others. According to an indictment
handed up by a federal grand jury in Los Angles, the company sought out investors by
promising astronomical returns -- in some cases, 12% in 60 days, equivalent to a 99%
annual return.   Full story, online.wsj.com

Trial set for man accused of insider trading in TXU deal
The Securities and Exchange Commission has charged Hafiz Naseem with sharing insider
information with a banker in Pakistan in connection with the TXU (NYSE: TXU) deal, and
eight other deals.  Full story, bizjournals.com

Sanofi-Aventis settles US claims case for $190 mln
Aventis Pharmaceuticals, now known as Sanofi-Aventis U.S. Inc, agreed to make the
payment to resolve allegations that the company artificially inflated the price the Medicare
program paid for Anzemet, a drug used to prevent nausea and vomiting in patients
undergoing radiation treatment, the department said.   Full story, reuters.com

Victim’s lawyer: Banks on hook for Bleidt’s fraud
Bleidt, formerly of Manchester-by-the-Sea, is serving an 11-year prison term for defrauding
his 100-plus clients of more than $31 million over a 20-year period. He pleaded guilty to 116
counts of federal mail fraud and money laundering in July 2005.  Full story, bostonherald.com

____________________________