FraudBaron.com

Feds Go After Stock Loan Scammers

forbes.com |  5/22/08 | Liz Moyer

The feds have broadened a year-old investigation into the inner workings of Wall Street, announcing four more arrests Thursday for allegedly fraudulent stock-lending schemes.

Auditor: Supervisors Covered Up Risky Loans

npr.org | 5/28/08 | Chris Arnold

Morning Edition, May 27, 2008 · Now that millions of people are facing foreclosure because they got into loans that never should have been approved, everybody's looking for someone to blame. Borrowers, or their brokers, lied on loan applications. Others got high interest rates they couldn't afford.  A big unanswered question is whether the Wall Street investment banks that were packaging these mortgages knew they were selling garbage loans to investors. A wave of litigation is starting against these firms. One former worker whose job was to catch bad loans says her supervisors covered them up.

Woman sentenced in shelter embezzlement

denverpost.com | 5/27/08 | Anna Haislip

The woman convicted of stealing more than $100,000 from Denver Animal Control and Care was given a suspended 6-year prison sentence today on the condition she completes 12 years supervised probation, including $114,649 in restitution.

Gordon Earns Early Release In Sentence For Embezzlement

theday.com | 5/28/08 | Lee Howard

Daniel Gordon, the former financial wunderkind from Old Lyme who bilked a Wall Street investment company out of $43 million, has been released from federal prison more than a year ahead of his expected release date.

Bookkeeper guilty of stealing $320,000 from Newport church

ocregister.com | 5/28/08 Jeff Overley  

NEWPORT BEACH – A former Irvine resident was sentenced to six years in prison today after pleading guilty to stealing $320,000 from Newport Harbor Lutheran Church, prosecutors said.

5 indicted in fraud scheme costing $26 million

azcentral.com | 5/23/08 | Michael Kiefer

They told investors that their production company could stage blockbuster concerts that would bring high interest returns.  But according to the Arizona Attorney General's Office, they were really running a Ponzi scheme that bilked wellheeled Arizonans out of more than $26 million.  Four men and one woman, mostly from the Phoenix area, were indicted this week on 204 criminal counts, including fraud and securities fraud, theft, money laundering and sale of unregistered securities and transactions by unregistered dealers or salesmen.

Boy band creator Pearlman sentenced to 25 years' prison

ap.google.com | 5/27/08 | Travis Reed

ORLANDO, Fla. (AP) — Lou Pearlman, the man made famous for creating the Backstreet Boys and 'N Sync, was sentenced Wednesday to 25 years in federal prison for engineering a decades-long scam that bilked thousands of investors out of their life savings.

Albert City farmer sentenced on federal fraud charges

chicagotribune.com |  5/27/08 | Associated Press

An Iowa farmer has been sentenced to more than five years in prison for defrauding a bank and the federal government.

8 Accused of Kickbacks, Fraud at Wall Street Brokerage Firms

smartpros.com | 5/23/08 | Associated Press

May 23, 2008 (Associated Press) — NEW YORK - Eight people were charged on Thursday in a series of schemes involving kickbacks and fraud at the stock-loan desks of Wall Street brokerage firms.

5 indicted in fraud scheme costing $26 million

azcentral.com | 5/23/08 | Michael Kiefer

They told investors that their production company could stage blockbuster concerts that would bring high interest returns.  But according to the Arizona Attorney General's Office, they were really running a Ponzi scheme that bilked wellheeled Arizonans out of more than $26 million.