_________::::___#481 - September 28, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#481 Updated: 9/28/07 10:28 a.m.

Report: Cendant’s Silverman Knew about Fraud
Documents are said to prove that the former chief executive learned of the scheme days
before the CUC purchase was closed.  Full story, CFO.com

Father and son charged in Big Dig fraud case
A father and son have been indicted on fraud and larceny charges for allegedly rigging their
company scales so they could overcharge the state for hauling away construction materials
from the Big Dig, Attorney General Martha Coakley announced today.   Full story,
bostonherald.com

Top Russian fraud investigator shot dead in Moscow
Kaziakhmedov was working on a major fraud case involving investment group Finvest and
was a member of the newly-formed investigative committee of the Russian prosecutor's
office, Kommersant said.   Full story, afp.google.com

Lender accused of fraud
After serving prison stints for rape and armed robbery, Edwin Evans reinvented himself as a
financial adviser. Driving around town in a Lexus sedan and pin-striped suit, he promised
cash-strapped homeowners that he could help them stave off foreclosure.  Full story,
chicagotribune.com

Feds target mortgage fraud
Federal prosecutors charged 18 people with involvement in mortgage fraud schemes that
resulted in more than $50 million in fraudulent loans being issued.   Full story, bizjournals.
com

Freddie Mac to pay $50 mln to settle fraud charges
Freddie Mac FRE.N has agreed to pay a $50 million penalty to settle charges related to a
multibillion accounting fraud at the mortgage finance company from 1998 through 2002, the
U.S. Securities and Exchange Commission said on Thursday.   Full story, reuters.com

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