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FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#483 Updated: 10/2/07 12:19 a.m.

Former San Francisco bookkeeper sentenced for embezzlement
A former bookkeeper for a stock market data research firm in San Francisco was sentenced
to prison today in San Mateo County Superior Court for embezzling more than $300,000
from the company over a six-year period.   Full story, mercurynews.com

Enron creditors receive $1.7 billion more
Including the latest payment, the company, which changed its name from Enron in March,
has distributed $13.2 billion to creditors since emerging from bankruptcy in 2004. That's
about 36 cents on the dollar of the billions lost when Enron went bankrupt in 2001.   Full
story, chron.com

Three Former Dynegy Executives Settle SEC Charges for Manipulating Financial
Statements
The Securities and Exchange Commission today announced settled enforcement actions
against former Dynegy Inc. chief financial officer Robert D. Doty, Jr. and two other former
executives at the Houston-based energy company for their roles in a $300 million
accounting fraud known as Project Alpha.   Media-newswire press release.

Indiana Man admits $2.8 Million Bank Securities Fraud Conspiracy
Mark Ristow, 62, a graduate of Harvard Business school and Indiana businessman,
admitted that he organized a complex scheme to circumvent applicable federal and state
banking regulations that require mutual banks to apportion shares issued in IPOs to
depositors, restrict the maximum number of shares offered to such depositors, and prevent
depositors from transferring their shares to other depositors.  Media-newswire press
release.

Utah pair allegedly ran war memorial scam
Two Utahns are facing securities fraud allegations for their roles in soliciting funds as part of
their defunct "Our Unsung Heroes" charity that proposed to fly veterans to Washington,
D.C., to see the World War II memorial.   Full story, sltrib.com

PCAOB Audit Gives Crowe Chizek Higher Marks
Its latest inspection of the second-tier firm found far fewer deficiencies than those reported
at the Big Four.   Full story, cfo.com

Former executive pleads guilty to business loan fraud
A suburban Detroit man linked to a scheme to bilk the federal government out of nearly $77
million in guaranteed loans pleaded guilty Monday to charges of fraud and making false
statements to a grand jury.  Full story, mlive.com

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