FraudBaron.com

Bank of America sues ex-Bear Stearns managers

reuters.com | 10/29/08 | $1 Billion | suspect:  Bear Stearns | victim:  Bank of America

Bank of America sued Bear Stearns and two former hedge fund managers on Wednesday who were indicted in the first major federal case stemming from the subprime mortgage crisis.

Businessman sentenced in $107M bank fraud

chron.com | 10/28/08 | $107,000,000 | suspect:  Andrew Maxwell Parker | victim:  Export-Import Bank

A businessman has been sentenced to nine years and nine months after pleading guilty to charges related to bilking $107 million from a taxpayer-funded bank.

Couple stole $3.8 million from hospital

clevland.com | 10/28/08 | $3,800,000 | suspect:  Jenny and Jeff Hovinen | victim: St. Vincent Charity Hospital

A Russell Township couple fleeced St. Vincent Charity Hospital out of $3.8 million - about $1.6 million more than earlier estimates - before they committed suicide in July, police said.

Salinas woman gets 9 years for embezzling

montereyherald.com | 10/29/08 | $600,000 | suspect:  Karen Benson | victim:  Keith Day

TruckingA Salinas woman was sentenced to nine years in prison Tuesday for embezzling more than $600,000 from Keith Day Trucking.

OC Doctor Indicted In $2.3 Million Medicare Fraud

lawfuel.com | 10/24/08 | $2,300,000 | suspect:  Mark Thomas Paskewitz | victim:  Medicare

 A doctor has been indicted for fraudulently billing Medicare for approximately $2.3 million in physical therapy services. The indictment, which was returned Wednesday afternoon by a federal grand jury in Santa Ana, alleges that the “physical therapy” was performed by unlicensed individuals without any supervision by the doctor, consisted only of massages, and followed the payment of kickbacks to induce Medicare beneficiaries to go to the doctor’s clinic.

HealthSouth settles with UBS

reuters.com | 10/23/08 | $100,000,000 | suspect:  UBS | victim:  Healthsouth

HealthSouth Corp said UBS AG would pay the provider of rehabilitative services $100 million in cash to settle investor claims that the investment bank knew about HealthSouth's multibillion dollar accounting fraud.

Ohio businessman gets 18 months for tax fraud

bizjournals.com | 1/24/08 | $250,000 | supspect: Royal Adams | victim:  IRS

A Wildwood man was sentenced to a year and a half in prison and ordered to pay more than $250,000 in restitution to the IRS Friday for filing false tax returns about his business.

Florida Bank VP pleads guilty to money laundering

bizjournals.com | 10/24/08 | $400,000 | suspect:  Javier J. Ortiz | victim:  Medicare

A Wachovia Bank assistant vice president has pleaded guilty to conspiracy to commit money laundering in connection with a 2006 Medicare fraud scheme.

 

Ex-NYC official sentenced for 9/11 fund embezzlement

newsday.com | 10/25/08 | $9,000,000 | suspect:  Rosa Abreu | victims:  FEMA

A former city official was sentenced to prison Friday for her role in stealing more than $9 million from the agency where she worked, including federal funds earmarked for Sept. 11 victim identification, according to the city Department of Investigation.

Petters aide pleads guilty to money laundering

startribune.com | 10/25/08 | $3 Billion | suspect:  Larry Reynolds | victim:  Investors of Tom Petters

Larry Reynolds, who admitted in federal court Thursday to laundering money for Minnesota businessman Tom Petters in what authorities say is a $ 3 billion investment fraud scheme, is negotiating with prosecutors to be freed until he is sentenced.