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_________::::___#277 - October 10, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#277 Updated: 10/10/06 5:49 p.m.

10/10/06 N.Y. Church Purchasing Agents; Wash. Man Sentenced
Three former purchasing representatives for the Archdiocese of New York were
sentenced to more than two years in prison for bilking the archdiocese out of
more than $2 million.

10/10/06 Labor law tops corporate governance in litigation concerns
Big U.S. companies spend an average of $20 million a year -- 70 percent of their
legal budgets -- on suing or being sued, a survey by international law firm
Fulbright & Jaworski has found.

10/10/06 Ex-CFO Gets 25 Years for Embezzlement
"We are at a crossroads in America where malfeasance in corporate America has
reached an all-time high," judge says.

10/10/06 2 Ex-Comverse Execs in Plea Discussions
Two former executives of Comverse Technology Inc. are engaged in plea
discussions with the U.S. Justice Department to end the criminal fraud case
against them, according to court documents filed late last week.        

10/10/06 Craftmatic Settles WV Fraud Charges
The State of West Virginia has reached a settlement with the statewide
distributor of Craftmatic adjustable beds and the Arkansas finance company used
by Craftmatic. J. Jaz, Incorporated and Dent-A-Med, Inc. will pay a total of
$570,000 to settle consumer fraud charges.

10/10/06 Mortgage fraud rises in cooling housing market
Mortgage crime is the fastest growing white collar crime in America, according to
the Federal Bureau of Investigation.