FraudBaron.com

Business manager supsected of embezzling millions from comedian

boston.com | 12/31/08 | suspect: Darryl McCauley | victim: Great Dane Enterprises Inc A 43-year-old Wilmington man allegedly stole millions of dollars while working as the business manager for the comedian and actor Dane Cook.

Penrod Society victim of embezzlement

indystar.com | 12/31/08 | $380,000 | suspect: Brandon Benker | victim: Penrod Society The Penrod Society, which grants money to local arts groups and puts on one of the city's best-known art fairs, has had all of its funds stolen, and the group believes it was an inside job. Police are investigating the theft of $380,000 from the organization. Penrod officials say it was embezzled by its former assistant treasurer.

Former city employee pleads guilty to embezzling $1.3 million

seattletimes.com | 12/30/08 | $1.3 million | suspect: Terry L. Davis vvictim: City of Arlington (WA) The former assistant finance director for the city of Arlington pleaded guilty today to embezzling more than $1.3 million from the city over the past eight years.

Rica Foods settles fraud case with SEC

tradingmarkets.com | 12/30/08 | suspect: Calixto Chaves | victim: Rica Foods shareholders Rica Foods, the one-time Miami-based poultry processor and animal-feed company, and its former chief executive have settled a financial fraud case brought by the Securities and Exchange Commission. The SEC, meanwhile, on Tuesday revoked Rica's securities registration.

How You Can Avoid Ponzi Schemes

investors.com | 12/24/08 Fallout from Bernard Madoff's alleged multibillion-dollar Ponzi scheme is still raining down on investors' heads. Victims' rolls are headlined by big banks, insurance giants, large philanthropies and hedge funds. Wealthy individuals including Hollywood heavyweights also were hit. Many suffered losses through investments in hedge funds and other investment pools.

Carmel garbage broker charged in alleged fraud

sfgate.com | 12/25/08 | 12/25/08 | $13 million | victim: Waste Management A commercial waste broker in Carmel supported a lavish lifestyle - complete with a $250,000 Bentley, a prize show horse, beachside homes and exotic travel - through a bribery scheme that bilked a garbage company out of $13 million, according to San Jose police investigators.

Clovis woman charged with embezzling tornado relief funds

cnjonline.com | 12/22/08 | | $145,000 | suspect: Lori Howard | victim: Eastern Plains Council of Government A 40-year-old Clovis woman has been charged with embezzling more than $145,000 in tornado relief funds, according to a press release Monday from the district attorney's office.

More details emerge in Fry's kickback scheme

mercurynews.com | 12/24/08 | $65 million | suspect: Ausaf Umar Siddiqui | victim: Fry's Electronics Fry's Electronics is famously known for its obsessive attention to store security, carefully checking departing customers at the door and taking other stringent steps to prevent the pilferage rampant in the retail industry. So how was former executive and Palo Alto resident Ausaf Umar Siddiqui, according to federal charges, able to defraud the retailer and some of its vendors out of $65 million in a years-long kickback scheme?

Clovis woman charged with embezzling tornado relief funds

cnjonline.com | 12/22/08 | $145,000 | suspect: Lori Howard | victm: Eastern Plains Council of Government A 40-year-old Clovis woman has been charged with embezzling more than $145,000 in tornado relief funds through a fraudulent billing scheme.

Panther Valley embezzlement case could reach $2 million in losses

rgj.com | 12/21/08 | $2 million | suspect: Robert Klein | victim: Panther Valley Water Users Association A former treasurer of the Panther Valley Water Users Association is being investigated in connection with siphoning water for profit and embezzling as much as $2 million, according to investigators and utility officials. The man allegedly sold water rights that the company didn't have to developers and is being investigated in connection with construction of an illegal valve that siphoned at least $140,000 worth of water by bypassing the Truckee Meadows Water Authority mainline meter.