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_________::::___#299 - November 14, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#299 Updated: 11/13/06 6:24 a.m.

Convicted executives forced to sell homes
When CEOs sell their multimillion-dollar homes, it's usually because they're
relocating to a different market, or trading up to an even bigger house.

Business Wins Easing of a Sarbanes-Oxley Rule
Business has won the battle to ease one of the most controversial requirements
mandated by the Sarbanes-Oxley corporate-reform law: that companies first
review their own systems for ensuring accurate financial reports and then have
them tested by outside auditors.

Ex-KeyBank VP Charged With Embezzlement
A former vice president at KeyBank has been charged with embezzling $29 million
from the banking company, the FBI said Monday.

BASF to pay $62 million fraud judgment to farmers
BASF Corp. will pay a $62 million judgment this week, finally resolving a
class-action lawsuit that accused the chemical company of defrauding farmers
through its marketing of herbicides, a company spokesman said Monday.

Government may rest case Monday
The jurors in the federal mortgage flipping trial of Richard Lucas, Kimberly Castle
and Kenneth Stalnaker spent their second week in court looking at more
documents and hearing testimony from more investors as government
prosecutors began winding down their case against the trio.

Four Army National Guard Soldiers Plead Guilty to Charges Involving Fraud and
Theft from the Army
Four members of the California Army National Guard pleaded guilty to conspiracy
charges related to their embezzlement of money from the U.S. Army, Assistant
Attorney General Alice S. Fisher of the Criminal Division announced today.

Judge declares mistrial in PurchasePro founder's fraud case
In an unusual move, a federal judge has declared a mistrial in the case against
Charles E. "Junior" Johnson on federal charges of fraud and conspiracy

Guilty plea in housing projects fraud case
The former head of the Urban League in Albany, N.Y., pleaded guilty in federal
court Monday to three felony fraud charges related to financing agreements for
the purchase of multi-family housing projects and other residential properties in
Albany and Schenectady, according to federal authorities.

How To Deter Employee Embezzlement
Most crimes are crimes of opportunity. The intent might not be there originally, but
once opportunity presents itself, temptation can tip the scales.