_________::::___#494 - October 23, 2007________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#494 Updated: 10/22/07 7:48 a.m.

Mad About the Boys
Until he fled the country in January, accused of embezzling more than $300 million, Lou
Pearlman was famous as the impresario behind the Backstreet Boys and 'NSync.   Full
article, VanityFair.com

Russia seeks 9-year jail term for tycoon Berezovsky
Russian prosecutors asked a court on Monday to hand a nine-year prison term to Boris
Berezovsky, a Russian tycoon and Kremlin opponent being tried in absentia on
embezzlement and money laundering charges, news agencies said.   Full story, reuters.com

IRS Wants Poker Tournament Winnings
The Internal Revenue Service reiterated its demand for casinos and other poker
tournament sponsors to begin reporting winnings of more than $5,000 after March 4, 2008.
 Full story, webcpa.com  

Ex-Andersen Partner Settles Up with SEC
He was blamed for helping American Tissue in a $300 million fraud seven years ago and
covering up auditing failures.   Full story, cfo.com

SEC Distributes $356M to Fannie Mae Victims
Investors harmed by financial shenanigans at mortgage lender Fannie Mae will collectively
receive a whopping payout of $356 million, thanks to the Securities and Exchange
Commission.   Full story, webcpa.com

ING to pay $1 million to settle fraud targeting Greek community
ING Financial Partners Inc. on Monday agreed to pay more than $1 million over an
investment scheme in which a representative of the firm failed to repay investors from
members of the Greek community in Massachusetts.   Full story, boston.com

BTN's 4th Annual Expense Manager Survey
Paper and spreadsheets still dominate as the expense reporting methods of choice for
buyers in Business Travel News' fourth annual Expense Manager Survey, but BTN's research
also indicates that more options from expense vendors along with the need for more
oversight to comply with Sarbanes-Oxley reporting requirements have eroded that
dominance and made automated expense reporting more common in small and midmarket
companies.  Full article, btnmag.com

Fraud and Florida's multimillion-dollar wheelchair
Fraud against Medicare, the federal health insurer for America's 43 million elderly and
disabled, has become so prevalent that it may rival the illegal drug trade as a crime of
choice in a state long renowned for cocaine cartels, political shenanigans and swampland
real estate scams.  Full story, reuters.com

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