FraudBaron.com

US bill aims to boost FBI, SEC fraud investigators

reuters.com | 1/22/09 | FBI Legislation to target Wall Street fraud and white-collar crime by hiring hundreds more FBI agents, federal prosecutors and securities enforcement lawyers was introduced by two senior senators on Thursday.

Former Bank of America employee charged with fraud

bizjournals.com | 1/21/09 | $11 million | suspect: Ricardo Figuerado | victim: Bank of America A former Bank of America employee has been arrested and charged in connection with a multimillion-dollar scheme to misappropriate funds from customer accounts, according to the U.S. attorney for the Southern District of Florida.

Ex-DSS finance director accused of embezzlement

scnow.com | 1/21/09 | $5.5 million | suspect: Paul Moore | victim: SC DSS The former finance director for the state Department of Social Services may have spent more than a million dollars of taxpayers' money on gambling, alcohol and strippers, U.S. Attorney for South Carolina Walt Wilkins says.

Forte Charged for Conducting Ponzi Scheme

sec.gov | 1/8/09 | $50 million | suspect: Joseph S. Forte | victim: Joseph Forte, L.P. The Securities and Exchange Commission has charged a Philadelphia-area investment fund manager and his firm for conducting a multi-million dollar Ponzi scheme, and has obtained an emergency court order freezing their assets.

SEC charges ex-founder in ponzi scheme

sec.gov | 1/15/09 | $25 million | suspect: James G. Ossie | victim: CRE Capital Corporation The Securities and Exchange Commission today charged Atlanta-area firm CRE Capital Corporation and its president James G. Ossie with operating a Ponzi scheme. The SEC has obtained an emergency court order freezing their assets and appointing a receiver for CRE.

Online tutoring program owners charged in tax-credit scheme

bradenton.com | 1/20/09 | $2 million | Carolyn Louper and William John Morris Jr. victim: State of Minnesota A Minneapolis mother and son who ran an online tutoring program face federal fraud and conspiracy charges after they allegedly collected more than $2 million in state tax refunds meant for low-income families

Hedge Fund Run by Ex-Car Salesman Is Scam

bloomberg.com | 1/21/09 | $45 million | suspect: Rod Cameron Stringer | victim: RCS Hedge Fund U.S. regulators sued a used-car salesman from West Texas for touting a $45 million hedge fund that they said was actually a Ponzi scheme.

Payroll manager gets 5 years

ocregister.com | 1/20/09 | supsect: Robert Lee Winn | victim: Advanced Medical Optics A former payroll manager at Advanced Medical Optics was sentenced to five years in state prison Tuesday after he pleaded guilty last month to charges that he stole more than $487,000 from his employer, prosecutors said.

Three years undercover with identity thieves

networkworld.com | 1/20/08 | $70 million | suspect: DarkMarket Salesmen and parents know the technique well. It's called the takeaway, and as far as Keith Mularski is concerned, it's the reason he kept his job as administrator of online fraud site DarkMarket.

Calif woman sentenced in real estate scheme

msnbc.msn.com | 1/17/09 | $18 million | suspect: Jeanetta Standefor | victim: Accelerated Funding Group A woman was sentenced to more than 12 years in federal prison on Tuesday for cheating black investors in three states out of $18 million as part of a real estate scam and used some of the money to pay for her wedding and honeymoon.