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_________::::___#291 - November 1, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#291 Updated: 10/31/06 8:02 p.m.

10/31/06 Cendant's Forbes Is Convicted at Third Criminal Trial
Walter Forbes, the former chairman of now-defunct Cendant Corp., was convicted
at his third criminal trial for his role in the accounting fraud that caused the
company's market value to drop $14 billion in one day in 1998.

10/31/06 Trial begins in mortgage fraud case
The motive, Assistant U.S. Attorney Gaines Cleveland said, is greed.

10/31/06 Texas man pleads guilty in Ark. to fraud charges in stock scam
A Texas man who pretended to be a securities trader to con would-be investors
out of thousands of dollars has pleaded guilty to four fraud charges in federal
court in Arkansas, prosecutors said Tuesday.

10/31/06 Former McAfee treasurer settles SEC fraud charges
A former McAfee Inc. (MFE.N: Quote, Profile, Research) senior financial officer
agreed to pay $757,563 to settle charges he aided a multimillion-dollar financial
fraud at the company and engaged in illegal trading, the U.S. Securities and
Exchange Commission said on Tuesday

10/31/06 Hit to reputation biggest blow from a lapse in ethics
Online job-search provider Monster Worldwide said Monday that Andrew
McKelvey, a co-founder of the business, resigned from the company's board after
refusing to be interviewed in an internal probe of improperly awarded employee
stock-option grants.

10/31/06 T. Boone Pickens' son pleads guilty to fraud
The son of legendary oil billionaire T. Boone Pickens pleaded guilty to securities
fraud on Monday for a scheme to pump up stock prices in a few small companies
by distributing hundreds of thousands of fictitious stock tips to investors by fax.

10/31/06 Newport Beach man sentenced in fraud case
Illya Bond handed eight years in federal prison for various charges connected to
energy investment scam.

10/31/06 Federal judge issues warrant for lawyer in Las Vegas fraud case
A federal judge issued a bench warrant Monday for a former Las Vegas lawyer
who failed to appear for trial on mail fraud and money laundering charges,
authorities said.

10/31/06 The Bonnie and Clyde of mortgage fraud
A master con artist and his partner went on a six-state crime spree, ripping off
homeowners, stealing identities and defrauding lenders.