_________::::___#493 - October 22, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#493 Updated: 10/22/07 7:57 a.m.

2 school districts addressing weak areas that allowed fraud
Two school districts that uncovered cases of employee embezzlement and fraud in the past
year are addressing weak areas in their systems that allowed the fraud to take place,
according to a legislative audit.  Full story, deseretnews.com

US charges Xybernaut, Ramp ex-officials with fraud
The indictment alleges that top officials at Xybernaut and Ramp got the companies to issue
hundreds of millions of heavily discounted shares to offshore entities secretly controlled by
two investors who live in Israel, U.S. attorney's office in Brooklyn, New York said.   Full
story, reuters.com

Woman charged with embezzlement
Authorities say Bucks resident took more than $400,000 from a Montgomery County
retirement community where she had worked in the business office.   Full story, mcall.com

Longtime legal office manager accused in embezzlement caper
The Argus The office manager and investigator for a Hillsboro attorney was arraigned
Thursday on charges she embezzled more than $120,000 from her employer.   Full story,
oregonlive.com

Man admits role in energy rebate fraud
Anant Patel admitted he signed off on work that was never performed, and also created
fictitious contracting and consulting companies to submit false invoices. He also said he
laundered the rebate checks in several bank accounts.   Full story, money.cnn.com

Attorney general accuses two men of insurance fraud
The pair allegedly bolstered Top Flight's books by issuing a check from TriUnion prior to Top
Flight's deadlines for filing paperwork with insurance regulators. The next day, the money
would be transferred back to TriUnion, the attorney general said.   Full story, chron.com

Ellenwood man guilty in Atlanta mortgage fraud case
A Georgia man pleaded guilty late Wednesday to running a $15 million mortgage fraud ring
in Atlanta's West End.   Full story, bizjournals.com

Man Gets Prison for Prepaid Burial Fraud
The head of a prepaid funeral supply business was sentenced to more than six years in
federal prison for ripping off about $2.5 million from clients by not delivering vaults and
caskets.   Full story, ap.google.com

Belding embezzler sentenced
Ionia District Court Judge Charles Miel sentenced 31-year-old Paula Lynn Chaney, of
Belding, Tuesday to three months probation and five months in jail with a one-day credit for
embezzling money from the AYSO.  Full story, sentinel-standard.com

Whistle-blowers still best at finding fraud: survey
Whistle-blowers still uncover the most incidents of corporate fraud even as companies
invest in financial controls, according to a study from auditing firm PriceWaterhouseCoopers
released on Tuesday.  Full story, reuters.com
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