FraudBaron.com

Feds set to seize $1 million home

sacbee.com | 2/23/08 | Denny Walsh

Federal prosecutors are preparing to take away a Folsom man's $1 million home because, they say, he bought it with part of at least $7 million stolen from victims of his investment fraud.

Heath sentenced for Ponzi Scheme

ocregister.com | 2/25/08 | Andrew Galvin

CORONA John Heath, one of three men convicted in a $187 million investment fraud that preyed on senior citizens, including many who live in Orange County, was sentenced Friday to 28 years and four months in state prison.

Five Former Insurance Execs Found Guilty

ap.google.com | 2/25/08 | Staff Writer

HARTFORD, Conn. (AP) — Five former insurance company executives were found guilty Monday of a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc.

$2M embezzlement a solo act, feds say

macombdaily.com | 2/24/08 | Mitch Hotts

The former purchaser who cheated Chippewa Valley Schools out of more than $2 million by inflating furniture bids through a company he secretly owned apparently acted alone.

CIS financial problems mount

charlotte.com | 2/24/08 | Gail Smith-Arrants

Carolina International School faces a deficit of $390,000 for May and June, in addition to an embezzlement case disclosed in December.  "The financial mismanagement was as bad or worse than the embezzlement," school director Richard Beall said. "There were many, many mistakes being made."

Credit union teller to plead guilty to embezzling $7 million

courier-journal.com | 2/24/08 | Grace Schneider

For almost four years, Patricia Helen Sherman hid stacks of $100 bills in her pockets and carried them out of the Obelisk Federal Credit Union in New Albany, Ind., where she worked as head teller, federal investigators say.  Sherman, 50, of Louisville, eventually took $7 million -- an average of $152,454 a month -- and gambled most of it away at Ohio River casinos, authorities said when they charged her with embezzlement in U.S. District Court last fall.

Bookkeeper embezzled more than $500,000 from church

tallahasse.com | 2/21/08 | Staff Writer

The bookkeeper at a local Episcopal church turned herself in today after a warrant for her arrest was issued by the Leon County Sheriff's Office.   She was charged in connection with the theft of about $512,000 over four years from the Episcopal Church of the Advent.

The church discovered the loss last year after an audit. The last audit had been conducted ten years ago, church officials previously said.  Deputies discovered three storage bins full of property she had bought with the money, Reisinger said. 

Sentencing delayed in school district embezzlement case

deseretnews.com | 2/21/08 | Staff Writer

The sentencing for a former Davis School District secretary who embezzled $333,133 in education funds has been put on hold to give attorneys time to negotiate.

Accountants guilty of £100m fraud

news.bbc.co.uk | 2/26/08 | Staff Writer

Two accountants have been found guilty of a £100m investment fraud in which they told victims that celebrities were involved in the bogus trading scheme.

Former officer accused of embezzling

rapidcityjournal.com |  2/22/08 | Katie Brown

A former Rapid City police officer is being investigated on suspicion of embezzling about $30,000 from the Rapid City Peace Officers Association, officials said Friday.