fraud

Stories 621 - 640 | << Prev   Next >>

Scientology Facing Trial for Fraud in France

Woman charges church bilked her out of $28K for supplies, drugs

(Newser) - An imminent court case could lead to the Church of Scientology being banned in France, the BBC reports, with the controversial sect being accused of organized fraud by a former congregant. The woman claims she was suckered by the offer of a free personality test, and wound up spending more...

Feds Charge Brokers in $1B Subprime Fraud

Credit Suisse pair told clients debt backed by student loans, not risky mortgages: SEC

(Newser) - Federal regulators today charged two Wall Street brokers with defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. The Securities and Exchange Commission alleges the Credit Suisse Securities employees led corporate customers to believe that securities being purchased in their accounts...

Hackers Spread Coupon Scam
 Hackers Spread Coupon Scam 
Aug 27, 2008 5:40 PM CDT

Hackers Spread Coupon Scam

Online fakes could cost millions, and take years, to clean up

(Newser) - An online coupon scam could cost manufacturers millions, and years, to clean up, the Seattle Times reports. A California company says coupons it created as part of a marketing pitch were hacked and distributed across the internet. The firm responded by canceling all coupons related to the scheme, embarrassing even...

Medicare Fudged Fraud Figures: Report

Claims to have cut bogus charges overstated

(Newser) - Medicare's boasts of having reduced fraud by billions are misleading, a draft report obtained by the New York Times finds. Auditors were told to ignore procedures that would have accurately measured fraudulent claims for medical equipment, the draft report says.   Proper methods would have revealed an estimated $2.8...

CEO Arrested in Plan to Use Homeless in Medicare Scam

Scheme recruited LA's skid row denizens to bilk feds for unnecessary service fees

(Newser) - The CEO of a Los Angeles hospital was arrested today for defrauding Medicare by using the city’s homeless to fill empty beds, the AP reports. The FBI says Rudra Sabaratnam, of City of Angels hospital, recruited the homeless in a scheme to charge for unnecessary health services and keep...

Doctors Fume Over Website Selling Fake Sick Notes

Australian physicians want it shut down

(Newser) - In an Internet version of a classic schoolboy trick, a website is peddling fake doctors' notes to Australians looking to get some paid time off, reports news.com.au. The $40 certificates have infuriated the medical community, which wants the police to step in. Two backpackers reportedly set up the...

Feds Confiscate Hathaway's Diaries
Feds Confiscate Hathaway's Diaries
Jul 24, 2008 12:54 PM CDT

Feds Confiscate Hathaway's Diaries

Actress could be drawn into fraud case against ex-boyfriend

(Newser) - Anne Hathaway could be drawn into the scandal surrounding her ex-boyfriend. The FBI has seized the actress’ diaries, looking for evidence in the fraud investigation against Raffaello Follieri. They also confiscated personal photos of the pair, along with other documents, a Tiffany clock, watches, and an antique Bible. Hathaway hasn’...

Invisible Ink, Hidden Numbers Help Fuzzy Accounting

SEC complaint shows CFO used printouts to fool auditors

(Newser) - Sometimes high-stakes fraud doesn’t have to be high-tech. The former chief financial officer at a company now called Voyager Learning allegedly cooked the company's books by entering figures as white text on white background—the equivalent of invisible ink, Adam Jones notes in a Financial Times blog.

Canoe Con Man, Wife Get 6 Years for Fake Death

Jury didn't buy her 'coercion' defense in insurance scam

(Newser) - John Darwin didn’t force his wife to help fake his death, a jury ruled today, convicting Anne Darwin on 15 counts of deception and money laundering before the two were each sentenced to 6 years in prison for their $500,000 insurance scheme. Anne’s “marital coercion” defense,...

Cruise Ship Art Dealer Faces Class Action

Promising deals, gallery sold works at grossly inflated prices

(Newser) - Park West Gallery in Southfield, Mich., claims to be "the world's largest art dealer," flogging more works than the major auction houses through its sales on half a dozen cruise lines. But while the onboard auctions promise "good investments," the New York Times reports that Park...

Israel to Proceed Directly to Jail
Israel to Proceed Directly to Jail
UPDATED
Jul 3, 2008 1:50 PM CDT

Israel to Proceed Directly to Jail

Fugitive banker loses $500K bail, could get 10 years tacked on 20-year sentence

(Newser) - A federal judge in New York ordered white-collar fugitive Samuel Israel to start serving his 20-year fraud sentence immediately, the Wall Street Journal reports, and ruled that his $500,000 bail be forfeited. "My hope is it will be applied to the resources taxpayers incurred to find Mr. Israel,...

Israel to Judge: I Did Attempt Suicide

Painless or not, hedge-fund scammer couldn't off himself

(Newser) - A hedge-fund cheat who faked his death to try to dodge a 20-year prison sentence has told a judge that he did actually try to commit suicide this week. Samuel Israel appeared in Manhattan federal court today for a new charge that could get him an extra 10 years.

US Surfers Get Biggest Bite of Spam

McAfee experiment reveals how quickly e-junk proliferates and other fun stuff

(Newser) - Internet users in the US get the most spam, security-software firm McAfee finds after a study. McAfee gave 50 people across 10 developed countries laptops and instructed them to sign up for as much stuff on the internet as possible, and to reply to every spam message. The resulting volume...

High-Rolling Hathaway Ex Charged With Fraud

Raffaelo Follieri said to use Vatican in scam, which ensnared billionaire Burkle, others

(Newser) - Actress Anne Hathaway’s ex-boyfriend was charged today with defrauding investors of millions with a real-estate scheme in which Raffaello Follieri claimed intimate connections with the Vatican, the Smoking Gun reports. Billionaire Ron Burkle appears to be the "principal investor" scammed by Follieri, 29, who used Burkle’s money...

Medicare Fraud Runs Rampant
 Medicare Fraud Runs Rampant 
Jun 13, 2008 1:34 PM CDT

Medicare Fraud Runs Rampant

Most claims are filled automatically

(Newser) - Health care fraud is rampant, especially in South Florida and the LA area, and surprisingly easy to pull off, reports the Washington Post. The 11-digit annual price tag could be smaller if investigators focused more on the fact that Medicare, for example, is "highly vulnerable" to scam artists and...

With No Body, Cops Doubt NY Banker's Suicide

'He's dead as far as I can throw him,' skeptic says of fraudster

(Newser) - An international manhunt is now under way for a former hedge-fund manager who disappeared the day he was to begin serving a prison sentence for defrauding investors. A car belonging to Samuel Israel III was found Monday at a bridge over New York's Hudson River, the Wall Street Journal reports;...

Hedge Fund Fraud Missing; Suicide Possible

Car on NY bridge belonged to exec due yesterday in prison

(Newser) - Police aren't ruling out suicide as a New York hedge-fund manager due to begin serving a 20-year prison term yesterday remains missing, the Wall Street Journal reports. Police found Samuel Israel's car parked near a bridge over the Hudson, with “Suicide is painless” written in dust on the hood.

Surfers Beware: Danger Could Lurk at .hk, .cn

Those domains most likely to house ill intent, security study finds

(Newser) - A study by antivirus software firm McAfee warns Web surfers to be cautious of sites on certain domains, the AP reports, with corner-cutting registration companies often skipping security precautions. The domains .hk, .cn and .info were found to be riskiest.

Half of Philly ID-Theft Couple Pleads Guilty

Modern 'Bonnie and Clyde' stole $116K for trips and big buys

(Newser) - The male half of the couple labeled the Bonnie and Clyde of identity theft pleaded guilty yesterday to scams worth some $116,000, the Philadelphia Inquirer reports. Edward Anderton, 25, and his girlfriend, Jocelyn Kirsch, 22, used the money for big purchases and vacations. He faces 5 years in prison.

Boy-Band Brain Gets 25 Years for Fraud

Pearlman gets max for scamming investors, banks out of $300M

(Newser) - Lou Pearlman, the honcho behind the Backstreet Boys and 'N Sync, was sentenced yesterday to the maximum of 25 years in federal prison for masterminding a decades-long scam that bilked thousands of investors out of some $300 million, the AP reports. "The sympathy factor just doesn't run very high...

Stories 621 - 640 | << Prev   Next >>