FraudBaron.com

Petters Admitted Deals Were Criminal, Prosecutor Says at Trial

bloomberg.com | 10/29/09 | suspect:  Tom Petters

Petters Group Worldwide LLC founder Tom Petters, charged with overseeing a $3.5 billion Ponzi scheme, admitted he knew his phony deals over electronic equipment amounted to a crime, a prosecutor said.

Woman Pleads Guilty to West Point Billing Scheme

reuters.com | 10/29/09 | suspect:  Bobbie Cyanna Ryan

A Highland Falls, N.Y., woman pleaded guilty today for her role in a scheme to defraud and embezzle funds from the U.S. government by authorizing nearly $3 million in payments from the
U.S. Military Academy in West Point, N.Y., to a bogus corporation she controlled.

Embezzlement Victim Frustrated Over Fraud Sentencing

independent.com | 10/29/09 | $500,000 | suspect:  Cathy Latou | victim:  Debbie Niday, owner, Santa Barbara Olive Co.

I am writing in regard to the pending sentencing of Cathy Latou for embezzling more than half a million dollars from the Santa Barbara Olive Company.

Petters Trial Starts This Week in Largest Ponzi After Madoff

online.wsj.com | 10/27/09 | suspect:  Tom Petters

Minnesota businessman Tom Petters, accused of one of the biggest Ponzi schemes in U.S. history until Bernard Madoff was busted, will be pulling out all the stops in his fraud trial this week.

Coroner Determines Picower Died of Heart Attack, then Drowned

latimes.com | 10/27/09 | suspect:  Jeffry Picower

A man accused of making more than $7 billion off the investment schemes of convicted financier Bernard L. Madoff drowned after a heart attack, authorities said.

Picower, Largest Madoff Investor, Found Dead in Pool

bloomberg.com | 10/26/09 | suspect:  Jeffry Picower

Jeffrey Picower, the philanthropist alleged to have withdrawn more than $7.2 billion from Bermard Madoff''s investment company, was found dead yesterday at his mansion in Palm Beach, Florida, according to police. He was 67.

Couple charged with embezzling $1.3 million from hardware company

mercurynews.com | 10/26/09 | suspect:  Desiree and Ruben Herrera

A married couple were arraigned on charges that the wife embezzled $1.3 million from the hardware company where she worked and then laundered the money with her husband through their bank account.

Home-Buyer Credit Tempts Tax Cheats

online.wsj.com | 10/26/09 |

Tens of thousands of people submitted suspicious -- and possibly fraudulent -- claims for a federal tax credit meant for first-time home buyers, tax officials told Congress Thursday.

Ex-Home Depot Employee Indicted in Kickback and Purchasing Scheme

atlanta.fbi.gov | 10/24/09 | $1.4 million | suspect:  Ian Jay Evans

IAN JAY EVANS, 49, of Mableton, Georgia, has been indicted by a federal grand jury on one count of conspiracy to commit mail and wire fraud, one count of conspiracy to commit money laundering, and 17 additional counts of money laundering, related to bribes that he allegedly paid to a high-level Home Depot employee.

Two Collude in Ghost Employee Payroll Scheme at Country Cub

baltimore.fbi.gov | 10/23/09 | $1.3 million | suspect:  Akinyeme Bamisaiye and Nazar Mahar

Akinyeme Bamisaiye, a/k/a Yemi Olufemi Bamisaiye, age 41, of Clarksville, Maryland and Sajjad Nazar Mahar, age 49, of Kearneysville, West Virginia, each to 52 months in prison, followed by three years of supervised release, in connection with a scheme to steal funds from their former employer, a country club in Silver Spring, Maryland.   Bamisaye and Mahar pleaded guilty to mail fraud and money laundering; Mahar also pleaded guilty to wire fraud.