_________::::___#477 - September 20, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#477 Updated: 9/20/07 9:49 a.m.

Hsu's history of shady dealings
Interviews and court records paint a picture of a man who for 20 years skipped from one
questionable investment to the next, escaping just in time to avoid enraged investors, and
popping up elsewhere to peddle new schemes to increasingly more influential people.  Full
story, mercurynews.com

Developer accused of stealing $3 million from owners, tenants
Scott K. Toberman, a developer who once proposed building the world's tallest skyscraper
in Chicago, has been charged with stealing more than $3 million from owners and tenants
of commercial properties his company manages.  Full story, chicagotribune.com

HSBC Bank Settles SEC Charges and Agrees to Pay $10.5 Million
The Securities and Exchange Commission today announced settled enforcement
proceedings against HSBC Bank USA, N.A., which will pay a $10 million civil penalty and
approximately $500,000 in disgorgement for allowing its name and logo to be used in
connection with a Florida-based offering fraud by Pension Fund of America, L.C. (Pension
Fund), that was directed primarily at Central and South American investors.  SEC press
release.

Ex-CFO Says He Won't Be the "Fall Guy"
The 30-page complaint details how after becoming CFO, Bradley Rush uncovered nine
improper accounting practices that had been used by Sunrise before he was hired, noted
Rush's attorneys in a press statement.  Full story, CFO.com

TWO MEN CHARGED IN MAIL FRAUD SCHEME
Two men were charged with mail fraud, for embezzling $11.8 million dollars from a local
marine transportation company, United States Attorney Don DeGabrielle Jr. announced
today.  FBI press release.


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