fraud

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Cops: Con Man Scammed $140K From Online Dates

Posed as multimillionaire pal of George Bush

(Newser) - A New York lothario posing as a multimillionaire Navy commander and confidante of George Bush scammed close to $140,000 from women he met on online dating sites, according to Westchester authorities. After cultivating relationships with women met on sites like Match.com, Jesus Nasser asked for loans, explaining that...

Dem Ex-Con Traficant Mulls Another House Run

Populist former representative wants back in after 7 years for fraud

(Newser) - Jim Traficant is betting his brand of populism has survived the 7 years he’s been away from Ohio politics, and is exploring a run for the House of Representatives that spooks both parties. Traficant says the recent victory of Republican Scott Brown in Massachusetts is indicative of popular outrage,...

Casey Anthony Pleads Guilty to Fraud

Fla. woman charged with daughter's murder sentenced to time served

(Newser) - Casey Anthony pleaded guilty to check fraud today and was sentenced to time served and ordered to pay court costs. Anthony remains jailed awaiting trial on first-degree murder charges in the 2008 death of her toddler daughter, Caylee. At around the time Casey Anthony told police Caylee had disappeared, she...

Yoga Guru Actually Cultmaster: Lawsuit

Former employees allege fraud, grueling physical trials

(Newser) - Former employees of a worldwide yoga chain allege its founder is actually the leader of a cult that demands cash and torturous exercise from those caught in its spell. Dahn Yoga, founded by Ilchi Lee, operates more than 100 locations in the US and more than 1,000 internationally, and...

Thieving Employees Do Brisk Business in Gift Cards

Lower-risk way to steal from the boss

(Newser) - Employee fraud, which accounts for a large and growing chunk of the total $36 billion a year the retail industry loses to theft, is increasingly taking the form of gift cards: easy to walk out of a store with, and easy to redeem without showing ID. With overall employee theft...

AT&T Resumes Web Sales of iPhones in NYC

Network issues may still be reason for blocking transactions

(Newser) - AT&T has lifted its ban on selling New York City residents iPhones online, but the reason for the shutdown remains unclear. Customer service reps at first said New York was not "ready for the iPhone," then offered nebulous explanations about "increased fraudulent activity" in the area....

Fugitive Doctor Caught Camping in Italian Alps
Fugitive Doctor Caught Camping in Italian Alps
america's most wanted
Dec 18, 2009 11:21 AM CST

Fugitive Doctor Caught Camping in Italian Alps

Mountain guide leads authorities to Mark Weinberger's tent

(Newser) - A fugitive American doctor accused of widespread fraud and malpractice was found and arrested this week on a snowy mountain in Italy after 5 years on the run. Mark Weinberg, an Indiana ear, nose, and throat specialist, was living in a tent in Val Ferret. When police cornered him, Weinberg...

Gold Mine Scamster Rips Off Couple for $5M

Fraudster spent elderly couple's cash on oxygen chamber

(Newser) - A California man who claimed to have a new way of extracting gold from old mines has been busted for bilking a couple in their '80s out of nearly $5 million. John Arthur Walthall blew the couple's cash on cars, alimony, film school fees for his son, and a $60,...

Scientology Guilty of Fraud, Rules French Court

But ruling stops short of outright ban

(Newser) - A Paris court has convicted the Church of Scientology's French branch of fraud and fined it $600,000, but stopped short of the ban on the group that was sought by prosecutors. Church leaders were found guilty of pressuring members into paying large sums of money for questionable financial gain....

Mixed Verdict Against Fake Korean 'Cloner'

Scientist who lied about stem cells gets suspended sentence

(Newser) - The disgraced South Korean scientist who falsely claimed major breakthroughs in stem cell research in human clones was convicted of embezzlement and other charges, but was acquitted of fraud and received only a suspended sentence. Hwang Woo-suk was hailed as a national hero in 2004 for claiming in the journal...

Madoff Colleague Found Dead in Swimming Pool

Jeffry Picower faced Ponzi scheme lawsuit

(Newser) - Philanthropist Jeffry Picower, who allegedly reaped billions of dollars from longtime friend Bernard Madoff's Ponzi schemes, was found dead today at the bottom of his Florida swimming pool. Efforts to revive him failed, and his death was ruled a drowning, police said. Picower, 67, wife Barbara, and their foundation were...

29-Year-Old SEC Honcho Came From Goldman

New COO Adam Storch did 'business intelligence' at connected Wall Street bank

(Newser) - The first person named to the new chief operating officer position in the SEC’s enforcement division is a 29-year-old whiz kid who previously worked at uber-connected Goldman Sachs, Bloomberg reports. "Adam’s skill in technology systems, workflow process, and project management will greatly benefit the division," his...

2 Madoff Victims Sue SEC
 2 Madoff Victims Sue SEC 
Oct 14, 2009 3:32 PM CDT

2 Madoff Victims Sue SEC

Regulators are responsible for victims' losses, suit claims

(Newser) - Two investors who lost a combined $2.4 million to Bernie Madoff’s ponzi scheme have sued the SEC for negligence. The lawsuit argues that the commission should reimburse the plaintiffs for their losses because it failed in its duty to protect investors. Regulators had "countless opportunities" to catch...

Brooke Astor's Son Guilty on 16 Counts, Faces 25 Years

Offspring swindled socialite, jury finds after lengthy trial

(Newser) - After a sensational 19-week trial, Brooke Astor's son was found guilty today on 16 of the 18 counts against him, including grand larceny and conspiracy. The 85-year-old will be sentenced on Dec. 8 and faces up to 25 years. The jury deliberated for 12 days before finding that the legendary...

Mistrial Looms in Astor Trial After 19 Weeks

Jury showing signs of strain after 19 Weeks

(Newser) - After a 5-month trial, the jury deciding the fate of Brooke Astor’s son may be at the breaking point. One juror wants out because she fears for her personal safety, the judge revealed today, a day after he felt compelled to deliver a pep talk in court urging jurors...

Madoff Trustee Sues Relatives for Not 'Doing Their Jobs'

$199M suit spreads blame to firm's execs

(Newser) - The trustee in the Bernie Madoff case, delivering on his threat to sue the imprisoned fraudster's relatives and co-workers, filed a $199 million lawsuit today in bankruptcy court. Rather than alleging that they knew about Bernie's Ponzi scheme, Irving Picard's complaint takes issue with the way brother Peter, sons Mark...

Ponzi Loot Puts Madoff Client Among Richest Americans

Picower made $7.2B, lands on Forbes list

(Newser) - Jeffry Picower is a secretive guy, which must have made his turn in the spotlight this week all the more uncomfortable. The former lawyer, who was already being sued for $5.1 billion in alleged profits from Bernie Madoff’s Ponzi scheme, cracked Forbes’ list of the 400 wealthiest Americans...

Trustee to Sue Madoff's Sons, Brother, Niece

He'll seek $198 million; sons may also have 'criminal problem'

(Newser) - Bernie Madoff’s sons, brother, and niece will all be sued this week for $198 million, the trustee in charge of sorting out the Ponzi mess said last night. Sons Mark and Andrew Madoff in particular withdrew roughly $35 million, despite making little if any investment. “Whether or not...

Madoff's Beach Home Sells for More Than Asking Price

Montauk manse was on the market for $8.75M

(Newser) - Bernie Madoff's Montauk beach house is off the market, ABC reports. A buyer paid cash "over the asking price" of $8.75 million, say Realtors involved with the deal. The US Marshals Service, which is selling the home to get money back for Madoff's victims, won't divulge the buyer's...

'Lebanese Madoff' Shames Hezbollah

Financier accused of using ties to party to dupe Shiites out of their savings

(Newser) - A Lebanese businessman's billion-dollar Ponzi scheme has left thousands of investors penniless and Hezbollah leaders seriously embarrassed, reports the New York Times. Salah Ezzedine—dubbed the "Lebanese Bernie Madoff" by the nation's press—has strong ties to Hezbollah, and many of the mostly Shiite investors in his scheme say...

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