| Archives |
| _________::::____#55 - October 26, 2005_________________ |
| Updated: 10/26/05 8:49 a.m. 10/25/05 Refco bidder eyes more than futures unit - U.S. broker-dealer Interactive Brokers Group, the highest bidder for Refco Inc.'s (RFXCQ.PK: Quote, Profile, Research) futures brokerage business, said on Tuesday it may also be interested in buying another part of the bankrupt company. 10/25/05 Real Estate Fraud Expert Ralph Roberts: 'Flipping Frenzy Is Just the Tip of a Billion Dollar Iceberg' - Quick, big profits hidden in complex transactions have made real estate fraud the crime of our time. Real estate fraud has grown to more than $1 billion annually, according to the FBI. 10/25/05 4 more sentenced in 'flipping' cases - Four more people were sentenced to prison Tuesday for playing parts in a $50 million mortgage fraud scheme, but their sentences won't be over when they get out. 10/25/05 Calif. Auto Insurance Fraud Ring Lands Three Suspects in Jail - Three suspects have been arrested following an 11-month investigation by the California Department of Insurance of an auto insurance fraud ring that targeted car rental and insurance companies for fraudulent automobile damage claims. 10/24/05 Promoters of "Inflatable Motorcycle Vests" Sentenced - The promoters of a supposedly inflatable motorcycle vest have been sentenced on 30 felony counts of securities fraud and grand theft, as well as five counts of tax evasion, California Attorney General Bill Lockyer announced. |