fraud

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Feinstein Also Hit by 'Madoff of Campaign Treasurers'

Senator the highest profile victim yet for alleged fraudster Kinde Durkee

(Newser) - Dianne Feinstein's campaign was one of those ripped off by an allegedly fraudulent Democratic campaign treasurer, the senator tells the LA Times . Kinde Durkee was arrested on fraud charges two weeks ago, with California Reps. Loretta Sanchez and Susan Davis listed among her alleged victims; Davis dubbed her “...

Feds Nab 91 in $295M Medicare Fraud Sting

Accused 'treated' dead people, ran Florida housing scheme

(Newser) - The Obama administration notched yet another win for its Medicare fraud team yesterday, as the Justice Department announced the arrests of 91 fraudsters from across the country, accused of bilking Uncle Sam for a combined $295 million. “The defendants allegedly treated the Medicare program like a personal piggy bank,...

Kid, 17, Dupes Fla. Hospital, Snags ER Job

Police say Matthew Scheidt wore lab coat, examined patients, gave CPR

(Newser) - A 17-year-old boy has been arrested on charges of impersonating a physician's assistant and working in a Florida hospital's emergency room for a week, reports the Orlando Sentinel . Police say Matthew Scheidt dressed in a lab coats and surgical scrubs, conducted physical exams, and reportedly even gave CPR...

Feds Catching 85% More Health Care Fraudsters

This is shaping up to be a banner year

(Newser) - Health care fraud prosecutions have shot up this year, thanks to an Obama administration crackdown, according to new figures from a Syracuse University research team. Already the feds have prosecuted 903 people for fraud this year, which is 24% more than they nabbed in the entirety of 2010, and puts...

Ruth Madoff Dumping Bernie
 Ruth Madoff Dumping Bernie 
Aug 15, 2011 4:37 AM CDT

Ruth Madoff Dumping Bernie

She finally cuts it off after 52 years to reconcile with surviving son

(Newser) - After 52 years of marriage, Bernard Madoff's wife is finally calling it quits. Ruth Madoff, 70, hasn't seen her 73-year-old hubby for more than 8 months, reports the Daily Mail. She's cutting ties with Madoff in an effort to reconcile with her remaining son, Andrew, and her...

Feds Go After '1 Tip' Diet Ads

US sues creators of inescapable online ads

(Newser) - You’re probably sick of them by now: those ads that promise “1 Tip for a Tiny Belly” next to a drawing of a shrinking stomach. Don’t believe it, the government says: In different lawsuits, federal officials are pursuing those behind the ads, calling them a giant fraud,...

PTA Moms Busted in $14M Ponzi Scheme

LA County women scammed other parents out of life savings

(Newser) - Look out, Bernie Madoff: A trio of mothers in a well-to-do suburb of Los Angeles have been charged with scamming other parents out of millions. Police say the women, all members of an elementary school PTA, ran a $14 million Ponzi scheme by simply winning the trust of victims at...

Ex-Citigroup VP Charged With Embezzling $19.2M

He allegedly stole more than $19M

(Newser) - Former Citigroup vice president Gary Foster has been charged with embezzling more than $19 million from the company. Foster, 35, was nabbed yesterday at JFK airport in New York, after arriving on a flight from Bangkok, Reuters reports. Prosecutors say that between May 2009 and December 2010, Foster funneled the...

Judge: Not Bank's Fault Hackers Stole $300K From Bank Account
Not Bank's Fault Hackers Stole $300K From Account
says judge
Jun 8, 2011 9:12 AM CDT

Not Bank's Fault Hackers Stole $300K From Account

Customer should have done more to protect itself, judge rules

(Newser) - Hackers were able to steal more than $300,000 from a client’s Ocean Bank account, but according to a Maine judge’s ruling, the bank is not responsible. Though the judge acknowledged the bank didn’t follow “best” security practices, he ultimately ruled the customer should have done...

Lenny Dykstra Slapped With Fraud, Theft, Drug Charges

Other than 23 felony charges, just a regular day for ex-ballplayer

(Newser) - During his baseball career, Lenny Dykstra was known for his penchant for getting dirty, and now he's really having trouble staying clean. The former Mets and Phillies player was charged today with nearly two dozen felony counts of fraud, grand theft, and drug possession, reports the Los Angeles Times ...

Audits: Top Mortgage Firms Defrauded Taxpayers

Confidential reports could lead to prosecutions

(Newser) - A set of confidential audits could lead to fraud prosecutions for five of America’s biggest mortgage lenders, officials briefed on the documents tell the Huffington Post . The scathing documents accuse Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, and Ally Financial of defrauding taxpayers by making false claims about...

Obama: No 'Silver Bullet' on Gas Prices

He announces task force to investigate fraud by speculators

(Newser) - As President Obama continues his short trek on the West Coast, one issue continues to gain traction, reports Politico —those ever-rising gas prices. Today in Reno, the president announced that a new Justice Department task force will investigate whether speculators are manipulating gas and oil prices, notes the Christian ...

Greg Mortenson Scandal May Be &#39;Tragedy&#39; for Girls
Greg Mortenson Scandal
May Be 'Tragedy' for Girls
OPINION
Apr 19, 2011 12:46 PM CDT

Greg Mortenson Scandal May Be 'Tragedy' for Girls

Could hurt effort to educate females in poor countries: Michelle Goldberg

(Newser) - The allegations that author Greg Mortenson isn't quite the humanitarian he claims to be smacks of the James Frey memoir scandal , with one all-important difference, writes Michelle Goldberg at the Daily Beast . Frey damaged only his own reputation, but Mortenson could do far worse. He is, after all, "...

India Checking All Pilots' Licenses After Finding Fakes

At least four found to be using fake documents

(Newser) - Indian authorities have begun checking the licenses of all 4,000 commercial airline pilots in the country after at least four were found to be flying using fake documents, a top civil aviation official says. Two pilots were arrested last week for using fake certificates to gain licenses, including a...

Feds Nail Biggest-Ever Medicare Scam

More than 100 arrested in fraud sting

(Newser) - Federal agents swooped on health care facilities in nine states yesterday, arresting doctors, nurses, therapists, and health care executives accused of carrying out the biggest Medicare fraud ever seen. More than 100 people were involved in the scam, which bilked taxpayers out of up to $200 million by billing for...

Investors Sue Countrywide Over 'Massive Fraud'

Their triple-A-rated securities are now junk, they claim

(Newser) - Investors are suing Bank of America’s Countrywide mortgage unit, claiming they were fraudulently led into purchasing supposedly triple-A-rated mortgage-backed securities that turned out to be junk. Between 2005 and 2007, the investors bought hundreds of millions of dollars of securities that were supposed to be “conservative” and “...

Mom Jailed for Sending Kids to Safer Schools

Kelley Williams-Bolar convicted of felony for falsifying records

(Newser) - Kelley Williams-Bolar tried to send her two daughters to safer schools—and in doing so, she found herself convicted of a felony and sent to prison for 10 days. Williams-Bolar lives in Akron, Ohio, but wanted to send her children to the schools in Copley Township, where her father lives,...

Ernst & Young Hit With Civil Fraud Suit

Andrew Cuomo cites 'massive accounting fraud' in Lehman Bros. dealings

(Newser) - Andrew Cuomo filed a civil fraud lawsuit against Ernst & Young today, following reports that the company allegedly helped Lehman Brothers mislead investors . According to the complaint, the accounting firm approved Lehman’s use of “Repo 105” transactions, a type of debt that was labeled as sales to reduce...

Hundreds Nabbed in Scam Artist Crackdown

Justice Department brags about wave of arrests

(Newser) - Federal authorities have charged more than 500 people with various forms of fraud during a 3.5-month probe, in what Eric Holder today termed the largest crackdown on scam artists in US history. Of those, 343 were criminally charged, with the defendants accused of everything from running Ponzi schemes to...

Fraudsters Steal $42M From Holocaust Victims' Fund

17 charged in scheme to cheat German government

(Newser) - Seventeen people were charged today in Manhattan with defrauding a fund for Holocaust victims out of $42 million, AOL News reports. Employees of a not-for-profit group called the Conference on Jewish Material Claims Against Germany approved 5,500 false applications for reparations from the German government to supposed victims of...

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