_________::::___#479 - September 25, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#479 Updated: 9/25/07 8:11 a.m.

Fraud Hits Four out of Five Companies
Four out of five companies have experienced corporate fraud in the past three years,
according to a newly released report.  Full story, webcpa.com

Auditor probes embezzlement at State Historical Society
A full public audit of the Nebraska State Historical Society is underway on the heels of the
arrest of the chief financial officer for the theft of nearly $73,000 over a three-year period.  
Full story, Northplattebulletin.com

Hill heads to federal prison in Atl.'s big mortgage fraud case
Hill, 51, of Sumatra, Fla., perpetrated a $41 million mortgage fraud scheme that targeted
the metro housing and condo market from 2000 through 2003. Hill's prison sentence will be
followed by five years of supervised release, and he was also ordered to pay $41.8 million
in restitution.  Full story, bizjournals.com

Countrywide: Don't Say You Weren't Warned
"When the mortgage market was booming and Countrywide Financial founder Angelo
Mozilo was cruising to an annual pay packet of $141,975,114, there was at least one
cautionary voice.  The Corporate Library was grousing even back then—the heady days of
2005—that Countrywide was in danger of a very nasty fall."  Full story, portfolio.com

Guilty Plea for IRS Agent in Fraud, Embezzlement Case
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, njbiz.com

$350,000 stolen from child-health foundation
The missing funds were discovered through routine accounting procedures, and confirmed
by independent investigators, he said. Full story, paloaltoonline.com

Boys Ranch CEO arrested in suspected embezzlement
During the investigation, detectives discovered that Herbert Ray "Skip" Tyler had taken
more than $274,000 in property and cash, Stainberg said.   Full story, redding.com

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