_________::::___#478 - September 21, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#478 Updated: 9/21/07 9:02 a.m.

SEC Charges 38 Defendants in Multi-Million Dollar Stock Loan Scams
Stock Loan Traders Paid Phony Finder Fees and Received Kickbacks in Schemes Netting
More Than $12 Million in Unlawful Profits.  SEC press release.

Florida Man Sentenced in $5.7M Health Care Fraud
Seibert knowingly and willfully "sold" goods and services from one of his companies to
another of his companies at inflated costs, and improperly passed the inflated costs on to
Medicare. Seibert also fraudulently passed on to Medicare costs from his businesses which
were not related to Medicare.   FBI press release.

Florida Company Accused of Fax Fraud
The indictment also alleged that even the U.S. Secret Service office in Wichita received a fax
from PBS Global, offering to sell the Secret Service office.   Full story, chron.com

Embezzlement case gets indictment
Mary Darlene Koch, 55, is accused of making $77,000 in unauthorized withdrawals from an
account made up of donations from local businesses to run training conferences for their
employees.  Full story, southeasttexaslive.com

On queue, Southwest adjusts boarding policy
Southwest has decided to keep its hallmark open-seating policy.  However, the
Dallas-based airline has decided to assign passengers a number within each of its A, B and
C boarding lines that form in the terminal.   Full story, signonsandiego.com

Woman sentenced to 5-20 years for embezzlement
A Greenville woman who bilked as much as $1 million from a title agency escrow account will
spend at least five years in prison, a Montcalm County judge ruled today.   Full story,
mlive.com

Former China F1 circuit boss convicted on embezzlement charges
Yu Zhifei, a former city government official and general manager of the Shanghai
International Circuit, "embezzled large amounts of money and should bear criminal
responsibility," the China Daily quoted the prosecutor as saying at Yu's one-day trial on
Tuesday.   Full story, iht.com

Former bank loan officer pleads guilty to embezzlement
A former Tama County branch bank loan officer pleaded guilty this afternoon in federal court
in Cedar Rapids to embezzlement and money laundering charges.   Full story,
gazetteonline.com

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