Articles tagged with fraud
Wed, May 23, 2012
Reebok India accuses former top execs of $157 million fraud
MUMBAI (Reuters) - Reebok India, owned by Germany's Adidas
Wed, May 23, 2012
Reebok India accuses former top execs of $157 million fraud
MUMBAI (Reuters) - Reebok India, owned by Germany's Adidas
Mon, May 21, 2012
Judge rejects part of IndyMac fraud case
By Aruna Viswanatha
(Reuters) - A federal judge on Monday dismissed parts of a securities fraud case against two top executives of failed mortgage lender ...
Mon, May 21, 2012
Man who impersonated dead mom sentenced for fraud
By Chris Francescani
NEW YORK (Reuters) - A New York man who went to elaborate lengths to impersonate his dead mother as part of a ...
Thu, May 17, 2012
Fraud charges for former financial advisory chief
By Alexandra Alper
WASHINGTON (Reuters) - A federal grand jury indicted a former chairman of a national financial planning association with fraud on Thursday for ...
Mon, May 14, 2012
AIG ex-CEO Greenberg eyes reversing NY fraud case
By Jonathan Stempel
(Reuters) - Former American International Group Inc Chief Executive Maurice "Hank" Greenberg said New York's attorney general should be barred from ...
Fri, May 11, 2012
Three former GE affiliate executives convicted of fraud
NEW YORK (Reuters) - Three former executives of General Electric Co affiliates were convicted by a federal jury in New York of conspiracy charges related ...
Fri, May 11, 2012
Alzheimer's research fraud case set for trial
By Toni Clarke
BOSTON (Reuters) - Two Harvard teaching hospitals and a prominent Alzheimer's disease researcher accused of using falsified data to obtain a ...
Thu, May 10, 2012
Alzheimer's research fraud case set for trial
By Toni Clarke
BOSTON (Reuters) - Two Harvard teaching hospitals and a prominent Alzheimer's disease researcher accused of using falsified data to obtain a ...
Tue, May 08, 2012
Trader in "free-riding" fraud case admits guilt
By Jonathan Stempel
(Reuters) - A Florida man accused of operating a "free-riding" fraud, in which he bought and sold $64 million of stock with ...
Tue, May 08, 2012
Fraud case versus AIG ex-CEO Greenberg cleared for trial
By Jonathan Stempel
(Reuters) - A New York appeals court on Tuesday gave former American International Group Inc
Wed, May 02, 2012
U.S. charges more than 100 for Medicare fraud schemes
By Jeremy Pelofsky
WASHINGTON (Reuters) - U.S. authorities have charged 107 people, including doctors and nurses, for trying to defraud the federal Medicare healthcare ...
Wed, May 02, 2012
U.S. SEC fraud lawsuit vs Morgan Keegan revived
By Jonathan Stempel
(Reuters) - A federal appeals court on Wednesday revived a U.S. Securities and Exchange Commission lawsuit accusing Morgan Keegan & Co of fraudulently misleading investors about the safety of auction-rate securities it sold.
The 11th U.S. Circuit Court of Appeals in Montgomery, Alabama, said a federal district judge in Atlanta erred in finding that the alleged misrepresentations made by Morgan Keegan brokers about the debt were not material. It sent the case back to the district court for more proceedings.
Morgan Keegan is a unit of Raymond James Financial Inc
Once $330 billion in size, the auction-rate securities market froze in February 2008 when dealers stopped supporting it, leaving many investors with losses on largely illiquid debt.
The Morgan Keegan case is one of the rare large-scale auction-rate cases to be addressed in court.
In its 2009 lawsuit, the SEC accused Morgan Keegan of hiding the debt's risks, including by telling customers that the debt carried "zero risk" or was "just like a money market" fund.
Last June, U.S. District Judge William Duffey in Atlanta found that Morgan Keegan had adequately disclosed the risks. He also said the SEC must show more than "a few isolated instances of alleged broker misconduct" to hold Morgan Keegan responsible.
But a three-judge 11th Circuit panel concluded that "the brokers' misleading statements and failure to disclose the known liquidity risk of auction-rate securities could have been viewed by the reasonable investor as having significantly altered the total mix of information made available."
The panel also said Morgan Keegan, having known that more auctions were failing in late 2007 and early 2008, was not excused by having given customers "general cautionary language" about the debt on the back of its trade confirmations.
Amy Rudolph, a lawyer for Morgan Keegan, said the company had no comment on the decision. Raymond James spokesman Patrick Kavanaugh declined to comment. Regions spokeswoman Evelyn Mitchell had no immediate comment. The SEC did not immediately respond to requests for comment.
Former New York Attorney General Andrew Cuomo, now the state's governor, convinced more than a dozen banks and brokerages to buy back more than $61 billion of auction-rate debt. Charles Schwab Corp
Raymond James is based in St. Petersburg, Florida, and Regions in Birmingham, Alabama.
The case is SEC v. Morgan Keegan & Co, 11th U.S. Circuit Court of Appeals, No. 11-13992.
(Reporting by Jonathan Stempel in New York; Editing by ...
Mon, April 30, 2012
Former Greek bank chief jailed in anti-fraud drive
ATHENS (Reuters) - A former bank chief was sentenced to eight years jail on Monday for fraud and forgery, court officials said, the first major ...
Fri, April 27, 2012
Disgraced cyclist Landis subject of fraud investigation
By Marty Graham
SAN DIEGO (Reuters) - Bicyclist Floyd Landis, stripped of his 2006 Tour de France win after testing positive for testosterone, is the ...
Fri, April 27, 2012
U.S. adds muscle to financial fraud investigations
By Aruna Viswanatha
WASHINGTON (Reuters) - An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial ...
Wed, April 25, 2012
Former Morgan Stanley star in China pleads guilty
By Aruna Viswanatha
WASHINGTON (Reuters) - A former Morgan Stanley
Wed, April 25, 2012
Four charged in $400 million Ponzi fraud
By Jessica Dye
NEW YORK (Reuters) - Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi fraud that ...
Tue, April 24, 2012
Fraud lawsuit survives over Goldman's Abacus CDO
By Grant McCool
NEW YORK (Reuters) - Goldman Sachs Group Inc
Tue, April 24, 2012
Bovis Lend Lease fined $56 million for fraud
By Basil Katz
NEW YORK (Reuters) - A U.S. subsidiary of the Australia's Lend Lease Construction has admitted to a 10-year overbilling scheme ...
Thu, April 19, 2012
Bush arrested and booked for felony fraud
The Lethal Weapon star was pulled over while driving in Los Angeles and cops discovered his license plate had expired, even though his car ...
Tue, April 10, 2012
Court narrows reach of computer fraud law
By Terry Baynes and Jonathan Stempel
(Reuters) - A U.S. appeals court rejected the government's broad reading of a computer fraud law to ...
Mon, April 09, 2012
NY equities boss pleads guilty in $66 million mortgage fraud case
NEW YORK (Reuters) - The president of a New York brokerage firm pleaded guilty on Monday to conspiracy in a $66 million mortgage fraud scheme ...
Fri, April 06, 2012
Former Franklin Bank executives charged with fraud
WASHINGTON (Reuters) - The government charged two former executives of Franklin Bank Corp, a Houston-based lender founded by a mortgage bond pioneer, with a fraudulent ...
Tue, April 03, 2012
Divorced attorney can't recoup Madoff fraud losses
By Dan Wiessner
(Reuters) - New York's top court has thrown out a Manhattan lawyer's bid to undo his divorce settlement and force ...
Sun, April 01, 2012
Obama campaign fundraiser faces fraud allegations: paper
By Eric Johnson
CHICAGO (Reuters) - A top fundraiser for President Barack Obama's re-election campaign has been accused of fraud, the Washington Post reported ...
Fri, March 30, 2012
California campaign treasurer pleads guilty to fraud
By Greg Lucas
SACRAMENTO (Reuters) - A Democratic campaign treasurer accused of draining up to $20 million from the war chests of Senator Dianne Feinstein ...
Fri, March 30, 2012
California campaign treasurer expected to plea in fraud case
By Greg Lucas
SACRAMENTO (Reuters) - A Democratic campaign treasurer accused of draining over $7 million from the coffers of her clients, including U.S ...
Wed, March 28, 2012
California campaign treasurer charged in $7 million fraud
By Mary Slosson
LOS ANGELES (Reuters) - The Department of Justice on Tuesday charged a top California Democratic campaign treasurer with five counts of mail ...
Tue, March 27, 2012
California campaign treasurer charged in $7 million fraud
By Mary Slosson
LOS ANGELES (Reuters) - The Department of Justice on Tuesday charged a top California Democratic campaign treasurer with five counts of mail ...
Tue, March 27, 2012
"Person of interest" in Alaska barista case pleads innocent to fraud
By Yereth Rosen
ANCHORAGE (Reuters) - A man police have called a "person of interest" in the abduction of an 18-year-old barista from an Alaska ...
Tue, March 27, 2012
Fraud costs Asia $1 billion a year: Progress Software
By Eveline Danubrata
SINGAPORE (Reuters) - Many banks still do not have enough teeth to tackle fraud, which costs Asia around $1 billion a year ...
Mon, March 26, 2012
Facebook: Evidence shows NY man's lawsuit is fraud
(Reuters) - Facebook Inc urged a federal judge on Monday to throw out a lawsuit by a New York wood pellet salesman who said he ...
Mon, March 26, 2012
Facebook: Evidence shows New York man's lawsuit is fraud
(Reuters) - Facebook Inc urged a federal judge on Monday to throw out a lawsuit by a New York wood pellet salesman who said he ...
Fri, March 23, 2012
Court OKs CIT Group $75 million accord in fraud case
(Reuters) - CIT Group Inc
Thu, March 22, 2012
Afghan shooting suspect did not pay fraud judgment
By Peter Henderson and Jed Horowitz
NEW YORK/SAN FRANCISCO (Reuters) - The U.S. soldier accused of killing 16 civilians in Afghanistan left for ...
Tue, March 20, 2012
Government charges Carter's ex-No. 2 executive with fraud
By Jonathan Stempel
(Reuters) - A former No. 2 executive at Carter's Inc
Tue, March 20, 2012
Ex-CFO pleads guilty in mortgage fraud case
By Jeremy Pelofsky
ALEXANDRIA, Virginia (Reuters) - Taylor, Bean & Whitaker Mortgage Corp's former chief financial officer pleaded guilty on Tuesday to charges he helped ...
Thu, March 15, 2012
Court to SEC, Citigroup: See you in September
By Jonathan Stempel and Grant McCool
(Reuters) - A federal appeals court will wait until late September to review U.S. District Judge Jed Rakoff ...
Wed, March 14, 2012
SAIC to pay New York City $500 million in fraud case
By Joan Gralla and Jonathan Stempel
NEW YORK (Reuters) - Computer contractor SAIC will pay New York City more than $500 million under a deal ...
Wed, March 14, 2012
Security experts will tip consumers to cyber fraud
(Reuters) - Internet security experts have set up a system to alert Americans when sensitive personal information such as social security numbers and online banking ...
Tue, March 13, 2012
Securities fraud settlements plummet: study
By Jonathan Stempel
(Reuters) - Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on ...
Tue, March 13, 2012
CIT Group offers to pay $75 million to end fraud lawsuit
By Basil Katz
NEW YORK (Reuters) - CIT Group Inc (CIT.N) on Tuesday asked a federal judge to approve a $75 million settlement proposal ...
Tue, March 13, 2012
SEC charges Thornburg executives with fraud
WASHINGTON, D.C. (Reuters) - The Securities and Exchange Commission charged three former executives of Thornburg Mortgage with securities fraud on Tuesday and said they ...
Tue, March 06, 2012
Stanford guilty of bilking investors of billions
By Anna Driver
HOUSTON (Reuters) - Allen Stanford was convicted on Tuesday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags ...
Tue, March 06, 2012
Porsche employees charged with credit fraud
FRANKFURT (Reuters) - German state prosecutors have charged three employees at Porsche with credit fraud, the latest fallout from a legal dispute alleging the sportscar ...
Sun, March 04, 2012
Voting fraud allegations mar Putin's presidential win
By Thomas Grove
MOSCOW (Reuters) - A few days before Russia's presidential election, Sergei Smirnov received a phone call from a man who called ...
Sat, March 03, 2012
Russian protesters fear Putin resorting to force
By Timothy Heritage
MOSCOW (Reuters) - Russia's opposition expressed concern on Tuesday that Vladimir Putin was resorting to old tactics to crush dissent after ...
Fri, March 02, 2012
Credit Suisse to face National Century fraud case
By Jonathan Stempel
(Reuters) - A federal judge rejected Credit Suisse Group Inc's
Wed, February 29, 2012
Texas doctor accused of huge health fraud scheme
By Judy Wiley
DALLAS (Reuters) - A Texas doctor and six others were arrested on Tuesday on charges they tried to defraud federal healthcare programs ...
Wed, February 29, 2012
Doctors, lawyers charged in U.S. auto insurer fraud
By Jonathan Stempel and Ben Berkowitz
NEW YORK (Reuters) - Three dozen people were charged with scheming to defraud automobile insurers out of more than ...
Tue, February 28, 2012
New York comptroller aide charged with fraud
NEW YORK (Reuters) - A top campaign aide for Comptroller John Liu, New York City's financial overseer, on Tuesday was charged with fraud for ...
Tue, February 28, 2012
NYC comptroller campaign treasurer charged with fraud
NEW YORK (Reuters) - A top campaign aide for Comptroller John Liu, New York City's financial overseer, on Tuesday was charged with fraud for ...
Tue, February 28, 2012
Americans reported $1.52 bln in fraud complaints in 2011: FTC
WASHINGTON (Reuters) - Americans who fell victim to fraud last year - and reported it to consumer agencies - paid out more than $1.52 billion in ...
Tue, February 28, 2012
NYC comptroller campaign treasurer charged with fraud
NEW YORK (Reuters) - The campaign treasurer for the New York City comptroller on Tuesday was charged with fraud for violating contribution limits and also ...
Fri, February 17, 2012
Megaupload faces more copyright, wire fraud charges
WASHINGTON (Reuters) - A U.S. grand jury added more charges against file-sharing website Megaupload and its executives, and also accused them of taking copyrighted ...
Wed, February 15, 2012
Former executives, bankers arrested over Olympus fraud
By Mayumi Negishi and Nobuhiro Kubo
TOKYO (Reuters) - Japanese police and prosecutors have arrested seven men, including the former president of Olympus Corp and ...
Wed, February 15, 2012
Citigroup pays $158 million in mortgage fraud pact
By Jonathan Stempel
(Reuters) - Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government ...
Fri, February 10, 2012
Swiss bank Wegelin is "fugitive" in tax fraud case
By Jonathan Stempel
(Reuters) - Wegelin & Co, the oldest Swiss private bank, was declared a fugitive after failing to show up in a U.S. court to answer a criminal charge that it conspired to help wealthy Americans evade taxes.
At a hearing in Manhattan federal court, U.S. District Judge Jed Rakoff on Friday suggested that U.S. prosecutors enlist the help of diplomatic authorities, including perhaps the State Department, to advance the case.
The indictment of Wegelin, which was founded in 1741, was the first in which the United States accused a foreign bank, rather than individuals, of helping Americans commit tax fraud.
Wegelin was accused of helping clients hide more than $1.2 billion in offshore bank accounts. The case is part of a U.S. crackdown on alleged tax fraud, including efforts to pierce the tradition of Swiss bank secrecy.
"Occasionally in these situations, progress is made through diplomatic channels," Rakoff told Assistant U.S. Attorney Daniel Levy at the hearing. "Unlike an individual, arresting a company is somewhat difficult, other than in science fiction."
Rakoff spoke after Levy said "we have no proposal" for how to get Wegelin to formally answer the charge.
Wegelin issued a statement from Switzerland saying it has not been served with a criminal summons and therefore was not required to appear in court.
"The circumstances create a clear dilemma for Wegelin & Co," it said. "If it were to adhere to current U.S. legal practice aimed at Swiss banks, it would have to breach Swiss law."
It said it would nonetheless "make every effort to resolve this matter within the boundaries of respectful cooperation with the U.S. and obedience to Swiss law."
Prosecutors charged Wegelin on February 2, one month after bringing conspiracy charges against three bankers in its Zurich branch: Michael Berlinka, Urs Frei and Roger Keller.
According to prosecutors, more than 100 U.S. taxpayers conspired with the defendants and other conspirators between 2002 and 2011 to hide money from the Internal Revenue Service.
The government also seized more than $16 million from an account that Wegelin held in Stamford, Connecticut with the Swiss bank UBS AG
Wegelin has no branches outside Switzerland, and followed the common industry practice of using correspondent banking services to handle money for U.S. clients.
In 2009, UBS paid $780 million and entered a deferred prosecution agreement with the Justice Department to resolve allegations that it helped Americans evade taxes.
Wegelin effectively broke up last month by selling its non-U.S. operations to the Swiss bank Raiffeisen.
It also moved most of its workers, clients and 21 billion Swiss francs (US$22.9 billion) of assets to Notenstein Privatbank, set up specifically for the break-up.
No further proceedings are scheduled in the Wegelin criminal case.
The case is U.S. v. Wegelin & Co et al, U.S. District Court, Southern District of New York, No. 12-cr-00002.
(US$1 = 0.918 Swiss francs)
(Reporting By Jonathan Stempel; Editing by Bernard Orr)
Wed, February 08, 2012
NY pediatrician faces new sex abuse, fraud charges
By Jonathan Allen
NEW YORK (Reuters) - A New York pediatrician is facing federal charges of sexually abusing his young female patients by photographing and ...
Tue, February 07, 2012
Top Stanford witness says he tried to conceal fraud
By Anna Driver
HOUSTON (Reuters) - A former top aide to Texas financier Allen Stanford said on Tuesday he continued to hide financial misdeeds as ...
Mon, February 06, 2012
Washington D.C. workers probed in benefits fraud
WASHINGTON (Reuters) - About 130 municipal employees in Washington, D.C. may have scammed the city by collecting jobless benefits while still at work, officials ...
Mon, February 06, 2012
Dozens of Washington DC workers probed in benefits fraud
WASHINGTON (Reuters) - About 130 Washington DC municipal employees may have scammed the city by collecting jobless benefits while still at work, the District of ...
Mon, February 06, 2012
U.S. targets food stamp fraud as election looms
By Lisa Baertlein
LOS ANGELES (Reuters) - Stung by election-year criticism of a program used by one in seven Americans, administrators of U.S. food ...
Sat, February 04, 2012
Senior Indiana official convicted of perjury, fraud
By Susan Guyett
NOBLESVILLE, Indiana (Reuters) - A jury early on Saturday convicted Indiana's Republican Secretary of State Charlie White on six felony counts ...
Tue, January 31, 2012
Missing Chicago trader who resurfaced gets probation for fraud
By Cynthia Johnston
LAS VEGAS (Reuters) - A former Chicago commodities trader who disappeared in 1979 in murky circumstances and was found last year working ...
Mon, January 30, 2012
Judge dismisses Oracle fraud claim against HP
By Dan Levine
(Reuters) - A California judge has dismissed a fraud claim brought by Oracle Corp against Hewlett-Packard Co in the bitter legal battle ...
Mon, January 30, 2012
Dentist ordered to jail for fraud over paper clip root
BOSTON (Reuters) - A former Boston-area dentist accused of substituting paper clips for stainless steel posts in patient root canals was sentenced to two and ...
Mon, January 30, 2012
Dentist ordered to jail for fraud over paper clip root canals
BOSTON (Reuters) - A former Boston-area dentist accused of substituting paper clips for stainless steel posts in patient root canals was sentenced to two and ...
Mon, January 30, 2012
Ex UBS trader Adoboli denies fraud, faces trial
By Peter Griffiths
LONDON (Reuters) - Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty on Monday to charges related ...
Wed, January 25, 2012
ISU Professor Arrested For Prescription Fraud
Indiana State University Professor Amy Holbert was arrested Tuesday after she allegedly attempted to use a fraudulent prescription for Buprenorphine at the Wabash Avenue ...
Wed, January 25, 2012
Illinois sues S&P over ratings, alleges fraud
By Jonathan Stempel
(Reuters) - Standard & Poor's has been sued by Illinois' attorney general, who accused it of fueling the nation's housing and financial crises by assigning inflated credit ratings to risky mortgage-backed securities.
Attorney General Lisa Madigan said the McGraw-Hill Cos Inc unit, in a drive to boost market share, committed fraud and compromised its independence by issuing tainted, often "AAA" ratings to curry favor with Wall Street banks that created the securities.
"S&P was making hundreds of millions of dollars a year rating these deals," Madigan said in a telephone interview. "Without the rating agencies as enablers, none of these securities would have been able to be purchased by many investors."
The lawsuit accuses McGraw-Hill and S&P of violating state consumer fraud and deceptive trade practices laws. It seeks to recover profits derived from alleged inflated ratings, plus a $50,000 civil fine for each violation.
David Wargin, an S&P spokesman, said: "The case is without merit, and we will defend ourselves vigorously."
S&P and its main rivals, Moody's Corp's Moody's Investors Service and Fimalac SA's Fitch Ratings, have long faced investor and regulatory criticism over their ratings for structured securities that later proved toxic.
These agencies are typically paid by issuers whose securities they rate. Critics say this creates a conflict of interest, and causes issuers to shop for the best ratings.
Moody's and Fitch are not targets of Wednesday's lawsuit, which was filed in a Cook County state court.
"Our investigation is ongoing with respect to other players in the marketplace that may have contributed to the collapse," Madigan said.
INDEPENDENCE QUESTIONED
Illinois' complaint accused S&P of "systematically misrepresenting that its credit analysis of structured finance securities was objective, independent and not influenced by either S&P's or its clients' financial interests."
It quotes several internal S&P communications, including a widely quoted 2007 instant message by an analyst: "It could be structured by cows and we would rate it."
Madigan said Illinois' case has become stronger as more evidence has come to light.
"S&P will publicly say at every opportunity that its ratings are objective and independent," she said. "But when you see what they were talking about at work, it was: 'How do we retain this client, how do we give this deal a higher rating, and how do we make more money for this company?'"
S&P, Moody's and Fitch in September won the dismissal of a lawsuit in which Ohio pension funds claimed to have lost $457 million because of inflated ratings.
That case had been brought by Richard Cordray, formerly Ohio's attorney general and now director of the federal Consumer Financial Protection Bureau.
Connecticut settled its own lawsuit against the agencies over ratings in October.
This month, the Government Accountability Office urged U.S. securities regulators to more vigorously explore ways to reduce potential conflicts for credit rating agencies.
The U.S. Securities and Exchange Commission is conducting a study required by the 2010 Dodd-Frank financial reform law that explores how best to pay the agencies.
In late afternoon trading, McGraw-Hill shares were up 74 cents, or 1.6 percent, at $47.27 on the New York Stock Exchange.
The case is Illinois v. McGraw-Hill Cos et al, Cook County Circuit Court, No. 12CH02535.
(Reporting By Jonathan Stempel; Editing by John Wallace, Tim Dobbyn and Gerald E. McCormick)
Tue, January 24, 2012
Citigroup sued for fraud over $1 billion of CDOs
By Karen Freifeld
NEW YORK (Reuters) - Citigroup Inc
Tue, January 24, 2012
Dentist pleads guilty to fraud over paper clip root canals
BOSTON (Reuters) - A former Boston-area dentist accused of substituting paper clips for stainless steel posts in patient root canals faces the possibility of decades ...
Sat, January 21, 2012
Flamboyant online tycoon kept low profile in rural NZ
By Michael Perry
COATESVILLE, New Zealand (Reuters) - Megaupload founder Kim Dotcom's online profile was larger-than-life, with fast women, faster cars and chartered planes ...
Fri, January 20, 2012
Man gets life for millionaire's murder in fraud scheme
By Marty Graham
SAN DIEGO (Reuters) - A judge sentenced a former financial adviser to life in prison without parole on Friday for strangling a ...
Fri, January 20, 2012
Mans gets life for millionaire's murder in fraud scheme
(Reuters) - A judge in Southern California on Friday sentenced a former financial advisor to life in prison for strangling a wealthy biotech executive and ...
Tue, January 17, 2012
U.S. charges Russian father and son with cyber fraud
NEW YORK (Reuters) - U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U ...
Tue, January 17, 2012
U.S. charges Russian father and son with cyber fraud
NEW YORK (Reuters) - U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U ...
Thu, January 12, 2012
Red wine-heart research slammed with fraud charges
By Ivan Oransky, MD
NEW YORK (Reuters Health) - A University of Connecticut researcher who studied the link between aging and a substance found in ...
Wed, January 11, 2012
N.Y. pediatrician faces new sex abuse, fraud charges
By Jonathan Allen
NEW YORK (Reuters) - A New York pediatrician is facing federal charges of sexually abusing his young female patients by photographing and ...
Wed, January 11, 2012
U.S. researcher accused of fraud in studies on red wine compound
By Ivan Oransky
NEW YORK (Reuters Health) - A University of Connecticut researcher who studied the link between aging and a substance found in red ...
Thu, January 05, 2012
Former aide to Wisconsin governor charged with fraud
By Brendan O'Brien and John Rondy
MILWAUKEE (Reuters) - A former aide to Wisconsin's Republican Governor Scott Walker was charged with fraud on ...
Tue, January 03, 2012
MBIA fraud case vs. BofA's Countrywide gets boost
By Jonathan Stempel
(Reuters) - A New York state judge made it easier for the bond insurer MBIA Inc
Thu, December 29, 2011
SEC chided again by judge in Citigroup fraud case
(Reuters) - The U.S. Securities and Exchange Commission got a fresh dressing-down from the judge who rejected its $285 million settlement with Citigroup Inc ...
Wed, December 28, 2011
Gingrich cites fraud in Virginia ballot failure
MASON CITY, Iowa (Reuters) - Republican presidential candidate Newt Gingrich said on Wednesday his failure to meet the requirements to take part in Virginia's ...
Wed, December 28, 2011
Actavis settles Medicaid fraud case for $84 million
(Reuters) - Actavis Group has reached an $84 million settlement with Texas to resolve civil claims that it defrauded the state's Medicaid program by ...
Wed, December 28, 2011
Actavis settles Medicaid fraud case for $84 million
By Jonathan Stempel
(Reuters) - Actavis Group has reached an $84 million settlement with Texas to resolve civil claims that it defrauded the state's ...
Tue, December 27, 2011
Appeals court delays SEC-Citigroup fraud case
By Jonathan Stempel
(Reuters) - The Securities and Exchange Commission won a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries ...
Tue, December 20, 2011
Ex-NFL player Gault snagged in SEC fraud case
By Sarah N. Lynch and Aruna Viswanatha
WASHINGTON (Reuters) - Willie Gault, a former Chicago Bears wide receiver, faces a civil lawsuit by U.S ...
Tue, December 20, 2011
Ex-UBS trader fraud case delayed after legal switch
By Peter Griffiths
LONDON (Reuters) - A former UBS
Tue, December 20, 2011
Ex-UBS trader due to enter plea in fraud case
LONDON (Reuters) - A former UBS
Mon, December 19, 2011
Deutsche Bank ex-Chairman settles fraud trial in Munich
MUNICH (Reuters) - Former Deutsche Bank
Fri, December 16, 2011
Football underdog "Rudy" sacked for stock fraud
By Aruna Viswanatha
(Reuters) - Daniel Ruettiger, the legendary Notre Dame football underdog who inspired the 1993 movie "Rudy," couldn't do an end run ...
Fri, December 16, 2011
"Rudy" inspiration charged with securities fraud
(Reuters) - U.S. securities regulators on Friday charged Daniel Ruettiger -- the inspiration behind the 1993 movie "Rudy" -- and 12 others with running a scheme ...
Wed, December 14, 2011
Authorities open fraud probe at Florida A&M University
By Michael Peltier
TALLAHASSEE, Fla (Reuters) - Already probing the apparent hazing-related death of a Florida A&M University drum major, Florida's top law ...
Fri, December 09, 2011
Film director charged with fraud in Massachusetts
(Reuters) - A Los Angeles-based filmmaker was charged Friday with defrauding Massachusetts of almost $5 million in inflated tax credits for two movies he made ...
Fri, December 09, 2011
Miami health executive gets stiff sentence for fraud
MIAMI (Reuters) - A former Miami health care executive was sentenced to 35 years in prison for her role in a $205 million healthcare fraud ...
Tue, December 06, 2011
Obama seeks stronger penalties for Wall St fraud
OSAWATOMIE, Kansas (Reuters) - President Barack Obama said on Tuesday he would call for legislation to strengthen penalties against Wall Street companies that break anti-fraud ...
Tue, December 06, 2011
Jury finds Maryland campaign manager guilty of election fraud
By Jason Tomassini
BALTIMORE (Reuters) - A jury found a former Republican governor's aide guilty of election fraud on Tuesday over an automated phone ...
Fri, December 02, 2011
Campaign manager defends himself against election fraud charges
By Jason Tomassini
BALTIMORE (Reuters) - A former Republican governor's aide accused of election fraud in Maryland defended himself in court on Friday against ...
Wed, November 30, 2011
Russians blog to highlight fears of election fraud
By Alissa de Carbonnel
CHELYABINSK, Russia (Reuters) - When bloggers posted what they said was a tape of the governor of this industrial region telling ...
Tue, November 29, 2011
Election fraud trial opens in Maryland robocall case
By Jason Tomassini
BALTIMORE (Reuters) - Opening arguments began on Tuesday in the election fraud trial of a former Republican gubernatorial aide accused of directing ...
Wed, November 23, 2011
Three plead guilty in Florida toilet paper fraud
MIAMI (Reuters) - Florida scam artists told elderly victims the government had changed the laws regulating toilet paper and that their septic tanks would be ...
Tue, November 22, 2011
Former UBS trader accused of fraud remanded again
LONDON (Reuters) - Former UBS
Fri, November 18, 2011
When financial fraud meets facial recognition, the jig may be up
By Mitch Lipka
(Reuters) - Chip McBreen, who leads fraud prevention and security at Members 1st Credit Union in Pennsylvania, has become a believer in ...
Thu, November 17, 2011
Two charged in Rhode Island for identity fraud of ill, elderly
By Zach Howard
CONWAY, Mass (Reuters) - Two Rhode Island men were charged on Thursday with conspiring to steal the identities of elderly and terminally-ill ...
Wed, November 16, 2011
New York City comptroller donor faces fraud charges
NEW YORK (Reuters) - A fund-raiser for New York City Comptroller John Liu was charged with wire fraud and conspiracy on Wednesday for evading campaign ...
Wed, November 16, 2011
NY City comptroller donor faces fraud charges
NEW YORK (Reuters) - A fund-raiser who has contributed to New York City Comptroller John Liu was charged with wire fraud and conspiracy on Wednesday ...
Mon, October 24, 2011
Rooney's assistant hits back at abuse and fraud claims
Lawyers for the 90 year old actor recently filed papers against Cindy Smith, who reportedly worked for Rooney from 1984 to 1991 and again ...
Mon, October 24, 2011
Happy Days stars lose fraud fight against TV bosses
A number of the sitcom's stars, including Marion Ross, Anson Williams, Don Most, and Erin Moran, filed a $10 million (£6.3 million ...
Sun, October 23, 2011
Rooney's assistant hits back at abuse and fraud claims
Lawyers for the 90 year old actor recently filed papers against Cindy Smith, who reportedly worked for Rooney from 1984 to 1991 and again ...
Sun, October 23, 2011
Happy Days stars lose fraud fight against TV bosses
A number of the sitcom's stars, including Marion Ross, Anson Williams, Don Most, and Erin Moran, filed a $10 million (£6.3 million ...
Sat, October 22, 2011
Rooney's assistant hits back at abuse and fraud claims
Lawyers for the 90 year old actor recently filed papers against Cindy Smith, who reportedly worked for Rooney from 1984 to 1991 and again ...
Sat, October 22, 2011
Happy Days stars lose fraud fight against TV bosses
A number of the sitcom's stars, including Marion Ross, Anson Williams, Don Most, and Erin Moran, filed a $10 million (£6.3 million ...
Fri, October 21, 2011
Happy Days stars lose fraud fight against TV bosses
A number of the sitcom's stars, including Marion Ross, Anson Williams, Don Most, and Erin Moran, filed a $10 million (£6.3 million ...
Thu, October 13, 2011
Rabbi arrested in immigration fraud "mill" has checkered past
NEW YORK (Reuters) - In January 2004, Earl S. David's fate rested with a panel of judges from the appellate division of the New ...
Tue, October 11, 2011
New York lawyer charged with running immigration fraud mill
NEW YORK (Reuters) - A New York attorney was arrested in Canada on Tuesday on charges that he ran an "immigration fraud mill" that filed ...
Fri, September 30, 2011
Judge dismisses part of fraud case against Citi
(Reuters) - A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc
Thu, September 29, 2011
Probe finds fraud in U.S. distance education
By A. Ananthalakshmi and Megha Mandavia
(Reuters) - The U.S. Department of Education's Office of Inspector General (OIG) identified a "serious vulnerability" in ...
Mon, September 26, 2011
Deloitte sued for $7.6 billion, accused of missing fraud
By Kevin Gray
(Reuters) - Deloitte Touche Tohmatsu Ltd
Mon, September 26, 2011
Missing Chicago trader pleads guilty to fraud
LAS VEGAS (Reuters) - A former Chicago commodities trader who disappeared in 1979 and was found earlier this year working in a Las Vegas casino ...
Thu, September 22, 2011
Goldman's Tourre seeks appeal in SEC fraud case
By Grant McCool
(Reuters) - Lawyers for the only Goldman Sachs
Tue, September 20, 2011
Zambians watch Internet, social media for vote fraud
By Marius Bosch
JOHANNESBURG (Reuters) - Zambians wary of electoral fraud flocked to the Internet and social media on Tuesday to expose any irregularities in ...
Mon, September 19, 2011
U.S. mental-health executive gets 35 years for fraud
MIAMI (Reuters) - A Miami mental-health executive was sentenced to 35 years in prison on Monday for her role in a $205 million healthcare fraud ...
Fri, September 16, 2011
Mental-health executive gets 35 years for fraud
MIAMI (Reuters) - A Miami mental-health executive was sentenced to 35 years in prison on Monday for her role in a $205 million healthcare fraud ...
Fri, September 16, 2011
Miami man jailed 50 years for $205 million health fraud
MIAMI (Reuters) - A Miami businessman was sentenced to 50 years in prison on Friday for masterminding a healthcare fraud scheme that sought to bilk ...
Fri, September 16, 2011
Miami man jailed 50 years for $205 million health fraud
MIAMI (Reuters) - A Miami businessman was sentenced to 50 years in prison on Friday for masterminding a healthcare fraud scheme that sought to bilk ...
Fri, September 16, 2011
Miami man jailed 50 years for $205 million health fraud
MIAMI (Reuters) - A Miami businessman was sentenced to 50 years in prison on Friday for masterminding a healthcare fraud scheme that sought to bilk ...
Thu, September 15, 2011
UBS CEO says not considering stepping down: report
By Silke Koltrowitz
ZURICH (Reuters) - UBS Chief Executive Oswald Gruebel is not considering stepping down in the wake of the crisis provoked by a ...
Mon, September 12, 2011
Maxim Healthcare reaches $150 million fraud settlement
By Andrew Longstreth
(Reuters) - Maxim Healthcare Services Inc, a home health-care services company, has agreed to pay $150 million to resolve allegations it defrauded ...
Wed, September 07, 2011
Scores charged in massive healthcare fraud scams
MIAMI (Reuters) - Ninety-one suspects, including doctors and nurses, have been charged in connection with a new rash of healthcare fraud schemes aimed at bilking ...
Tue, September 06, 2011
Lawyer who was accused of fraud by California fires back
SAN FRANCISCO (Reuters) - A lawyer targeted by California's attorney general for allegedly defrauding homeowners has responded with multiple lawsuits against the state, according ...
Thu, August 25, 2011
Chinese crime ring accused in New Mexico driver license fraud
By Dennis J. Carroll
SANTA FE, New Mexico (Reuters) - Three leaders of a Chinese crime ring were indicted on Thursday as part of efforts ...
Wed, August 24, 2011
Torah charity founder accused of fraud over lost scrolls
NEW YORK (Reuters) - A man who billed himself as the "Jewish Indiana Jones" for rescuing Torah scrolls lost in the Holocaust was arrested on ...
Thu, August 18, 2011
California says sues law firms on national mortgage fraud
By Jonathan Stempel
NEW YORK (Reuters) - California has broken up what it called a ring of law firms that fraudulently induced struggling homeowners nationwide ...
Fri, August 12, 2011
FBI sees mortgage fraud growing as economy stumbles
By Lily Kuo
WASHINGTON (Reuters) - Mortgage and investment schemes targeting troubled U.S. homeowners jumped in 2010 and may increase further if the economy ...
Wed, August 10, 2011
SEC charges Stifel with fraud in Wisconsin deals
WASHINGTON (Reuters) - The Securities and Exchange Commission on Wednesday charged St. Louis-based brokerage firm Stifel, Nicolaus & Co and a former senior executive with defrauding ...
Mon, August 08, 2011
Fugitive fraud suspect extradited from Poland
NEW YORK (Reuters) - A man who fled the country with millions of dollars allegedly bilked from investors through a foreign currency exchange investment scheme ...
Mon, August 08, 2011
BofA plunges as AIG sues for $10 billion "fraud"
By Jonathan Stempel and Joe Rauch
NEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America Corp shares plunged more than 20 percent on Monday ...
Mon, August 01, 2011
Casey Anthony to serve probation for old check fraud case
By Barbara Liston
ORLANDO, Fla (Reuters) - Casey Anthony will be required to serve a year of probation for check fraud charges in light of ...
Wed, July 27, 2011
Activist sentenced to two years for oil lease fraud
By James Nelson
SALT LAKE CITY (Reuters) - An environmental activist was sentenced to two years in prison on Tuesday in a federal court in ...
Tue, July 19, 2011
NYC jury convicts ex-CEO in $110 million fraud
By Jonathan Stempel
NEW YORK (Reuters) - A Manhattan jury convicted a former Industrial Enterprises of America Inc chief executive on Tuesday of stealing more ...
Tue, July 19, 2011
Former gallery director to pay restitution for fraud
By Joseph Ax
NEW YORK (Reuters) - Former art gallery director Leigh Morse escaped a lengthy prison term at her sentencing in a Manhattan criminal ...
Fri, July 15, 2011
Court rules against Agility in fraud case appeal
ATLANTA (Reuters) - A U.S. appeals court has ruled against an attempt by Kuwaiti logistics firm Agility to avert prosecution over charges it defrauded ...
Mon, July 11, 2011
Deutsche Bank seeks to end U.S. mortgage fraud case
By Jonathan Stempel
NEW YORK (Reuters) - Deutsche Bank AG
Sun, July 03, 2011
Short-sellers' hunt for fraud shifts to Hong Kong
By Daniel Bases
NEW YORK (Reuters) - They are victims of their own success. So now it's time for short sellers of Chinese stocks ...
Sun, July 03, 2011
Analysis: Short-sellers' hunt for fraud shifts to Hong Kong
By Daniel Bases
NEW YORK (Reuters) - They are victims of their own success. So now it's time for short sellers of Chinese stocks ...
Fri, July 01, 2011
Chinese police arrest 36 in Alibaba.com fraud sting
SHANGHAI (Reuters) - Chinese police have arrested 36 people in connection with operating fraud on Alibaba.com that prompted the resignations of the firm's ...
Tue, June 28, 2011
U.S. urges banks to tighten online fraud protections
WASHINGTON (Reuters) - Bank regulators warned banks to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert against security breaches that ...
Wed, June 22, 2011
Former New York abortion rights group chief admits fraud
NEW YORK (Reuters) - The former longtime head of a New York State pro-choice organization has admitted to using the group's funds to pay ...
Wed, June 22, 2011
Regions settles fraud case, may sell Morgan Keegan
By Joe Rauch and Jonathan Stempel
CHARLOTTE, N.C./NEW YORK (Reuters) - Regions Financial Corp
Fri, June 17, 2011
Ex-Colonial Bank exec gets 8 years in TBW fraud
WASHINGTON (Reuters) - A former bank executive who served as the go-between for Taylor, Bean & Whitaker Mortgage Corp, which collapsed from a $2.9 billion ...
Fri, June 17, 2011
SEC could file civil charges against some raters: report
(Reuters) - U.S. regulators could file civil fraud charges against some credit rating agencies, and settle with more Wall Street banks, for their role ...
Mon, June 13, 2011
Ex-Mets star Dykstra pleads not guilty in fraud case
By Dan Whitcomb
LOS ANGELES (Reuters) - Former New York Mets star Lenny Dykstra pleaded not guilty to bankruptcy fraud charges on Monday and was ...
Thu, June 09, 2011
Malcolm X's daughter admits credit card fraud
NEW YORK (Reuters) - The youngest daughter of black civil rights leader Malcolm X admitted on Thursday to stealing the identity of a longtime family ...
Sun, June 05, 2011
Former UBS banker facing fraud charges: paper
ZURICH (Reuters) - A former client advisor for Spanish customers at Swiss bank UBS
Thu, June 02, 2011
MBIA fraud claim against Credit Suisse dismissed
SAN FRANCISCO (Reuters) - A New York judge dismissed part of a lawsuit brought by bond insurer MBIA
Tue, May 31, 2011
SEC employee misled fellow investors: watchdog
By Sarah N. Lynch
WASHINGTON (Reuters) - A Securities and Exchange Commission employee invested in a company accused of preying on deaf people and misled ...
Tue, May 31, 2011
UK fraud watchdog probes EADS Saudi defence deal
By Rhys Jones
LONDON (Reuters) - Britain's Serious Fraud Office is investigating allegations that European defense group EADS
Sat, May 14, 2011
"Back office" fraud seen rising after recession peak
By Barbara Liston
ORLANDO, Florida (Reuters) - "Back office" fraud is draining corporate treasuries of billions of dollars a year, and the risk is growing ...
Fri, May 13, 2011
Manager of defunct hedge fund accused of fraud
NEW YORK (Reuters) - A former hedge fund manager has been charged with defrauding investors of at least $12.6 million in a federal indictment ...
Fri, May 13, 2011
Manager of defunct U.S. hedge fund accused of fraud
NEW YORK (Reuters) - A former hedge fund manager has been charged with defrauding investors of at least $12.6 million in a federal indictment ...
Fri, May 13, 2011
Men sentenced to jail for Clooney fashion fraud
Vincenzo Cannalire, Francesco Galdelli and Vanja Goffi were charged with fraud, forgery and possession of stolen goods after launching their GC Exclusive clothing line ...
Wed, May 11, 2011
Trial Date Set For Man Accused of Fraud
TERRE HAUTE, IN (WIBQ) -- A trial date has been set for October for the Terre Haute building contractor accused in several cases of home ...
Mon, May 09, 2011
Three charged in Florida over "demon cleansing" fraud
MIAMI (Reuters) - Three women who persuaded people in the United States and the Caribbean to send them thousands of dollars to be cleansed of ...
Mon, May 09, 2011
New York nabs 46 bus, taxi drivers for license fraud
By Ellen Wulfhorst
NEW YORK (Reuters) - Dozens of drivers, including taxi and bus operators, have been arrested on charges of fraudulently obtaining commercial driver ...
Sat, May 07, 2011
Citi says former Indonesia employee committed fraud
JAKARTA (Reuters) - Citibank <C.N> said a former employee had committed fraud in Indonesia and sought to reassure card clients on Saturday, a day ...
Fri, May 06, 2011
Lawsuit accuses "Three Cups of Tea" author of fraud
By Emilie Ritter
HELENA, Montana (Reuters) - Greg Mortenson, author of the bestseller "Three Cups of Tea," was sued for fraud on Friday in a ...
Fri, May 06, 2011
Third Family Sentenced In Securities Fraud Case
SULLIVAN, IN (WIBQ) -- The third person in a securities fraud case in Sullivan County has been sentenced to 12 years in prison. Jonathan “Chris ...
Thu, May 05, 2011
SEC eyes new charges in ICP fraud case
NEW YORK (Reuters) - U.S. securities regulators say they want to bring new charges contending that a portfolio manager at a financial services firm ...
Tue, May 03, 2011
U.S. sues Deutsche Bank in mortgage fraud case
By Jonathan Stempel and Edward Taylor
NEW YORK/FRANKFURT (Reuters) - The government sued Deutsche Bank AG for more than $1 billion, accusing the German ...
Thu, April 28, 2011
AIG seeks to recoup billions it says lost to fraud
By Tom Hals
WILMINGTON, Delaware (Reuters) - American International Group Inc launched a fight to recoup billions of dollars the bailed-out insurer said it lost ...
Thu, April 21, 2011
Team to probe oil market fraud, manipulation: Obama
RENO (Reuters) - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation ...
Thu, April 21, 2011
Obama administration eyes energy markets for fraud
By Jeff Mason
RENO, Nevada (Reuters) - With U.S. gasoline pump prices soaring, the Obama administration on Thursday unveiled a working group of federal ...
Tue, April 19, 2011
NJ defense contractor admits fraud over parts made outside U.S
NEW YORK (Reuters) - A New Jersey defense contractor pleaded guilty to fraud after helicopter parts and other items he claimed were made in the ...
Fri, April 15, 2011
World Series hero Lenny Dykstra arrested for fraud
By Dan Whitcomb
LOS ANGELES (Reuters) - Onetime World Series hero Lenny Dykstra has been charged with fraud for allegedly selling or destroying some $400 ...
Fri, April 15, 2011
Internet gambling sites owners charged with fraud
NEW YORK (Reuters) - The owners of three of the largest Internet poker companies operating in the United States were accused on Friday of tricking ...
Thu, April 14, 2011
Minnesota man's $20 million fraud fed lavish life: indictment
MINNEAPOLIS (Reuters) - A Minnesota man courted investors with visions of a NASCAR-type race track and golf resorts in a more than $20 million investment ...
Wed, April 13, 2011
Special Report: Taking on the real Miami Vice: healthcare fraud
By Tom Brown
MIAMI (Reuters) - If Peter Budetti gets his way, the criminals who gorge on the U.S. healthcare system, bilking the government ...
Mon, April 11, 2011
Navy sets special review team to avert fraud
WASHINGTON (Reuters) - Navy Secretary Ray Mabus on Monday said he had set up a special review team to investigate procurement practices after a Navy ...
Mon, April 11, 2011
Berlusconi dismisses accusations at fraud trial
By Antonella Ciancio
MILAN (Reuters) - A defiant Italian Prime Minister Silvio Berlusconi emerged from court on Monday to launch a bitter attack on "leftist ...
Wed, April 06, 2011
Ex-director of New York art gallery guilty of fraud
NEW YORK (Reuters) - A former art gallery director was convicted on Wednesday of defrauding clients by not paying them for sales of art work ...
Mon, April 04, 2011
SEC probing fraud at U.S.-listed foreign companies
By Sarah N. Lynch
WASHINGTON (Reuters) - Securities regulators are probing Chinese and other foreign companies with questionable accounting practices that have used backdoor methods ...
Fri, April 01, 2011
Ex-TBW executive pleads guilty to mortgage fraud
By James Vicini
WASHINGTON (Reuters) - The former chief executive officer of bankrupt Taylor, Bean & Whitaker Mortgage Corp pleaded guilty on Friday to his role ...
Fri, April 01, 2011
Ex-TBW executive pleads guilty to mortgage fraud
By James Vicini
WASHINGTON (Reuters) - The former chief executive officer of bankrupt Taylor, Bean & Whitaker Mortgage Corp pleaded guilty on Friday over his role ...
Thu, March 31, 2011
Wyly brothers lose bid to dismiss SEC fraud suit
By Jonathan Stempel
NEW YORK (Reuters) - The wealthy Texas brothers Samuel and Charles Wyly on Thursday lost their bid to dismiss a U.S ...
Wed, March 30, 2011
O'Connor's former assistant admits fraud
The catwalk star, who boasts a reported $19 million (£12 million) fortune, became suspicious of Michelle Knox-Brown after noticing her extravagant spending.
It was ...
Tue, March 29, 2011
U.S. judge issues key ruling in Agility fraud case
By Matthew Bigg
ATLANTA (Reuters) - A U.S. court has ruled against Kuwaiti logistics company Agility on a key point of law, dealing a ...
Mon, March 28, 2011
Italy PM Berlusconi in court for fraud trial
By Ian Simpson
MILAN (Reuters) - Italy's Prime Minister Silvio Berlusconi, his popularity plummeting as he faces a string of legal cases, appeared in ...
Wed, March 16, 2011
Sisters accused of health fraud nabbed in Colombia
DETROIT (Reuters) - Two sisters accused of falsifying health care claims to defraud the U.S. government of millions of dollars were nabbed in Colombia ...
Tue, March 15, 2011
Two sisters accused of health fraud nabbed in Colombia
DETROIT (Reuters) - Two sisters accused of falsifying health care claims to defraud the U.S. government of millions of dollars were nabbed in Colombia ...
Sun, March 13, 2011
Renault security manager under fraud investigation
PARIS (Reuters) - A Renault <RENA.PA> security manager was put under investigation on suspicion of fraud on Sunday, an official at the Paris prosecutor ...
Thu, March 10, 2011
British man pleads guilty in U.S. stocks fraud
MIAMI (Reuters) - A British man pleaded guilty on Thursday to committing mail and wire fraud in an investment scam selling worthless stocks of dormant ...
Tue, March 08, 2011
Former Big Brothers Big Sisters Director Facing Fraud Charges
The former director of the Big Brothers Big Sisters of Vigo County is facing criminal charges. Betty James of Rockville, Indiana is facing four ...
Mon, March 07, 2011
License fraud for Chinese immigrants brings 4-year sentence
ATLANTA, March 7 ( Reuters) - A federal judge on Monday sentenced a Brooklyn, New York man to four years in prison for conspiring with a ...
Thu, March 03, 2011
Indiana elections chief arrested for vote fraud
INDIANAPOLIS (Reuters) - Indiana's top elections official was arrested on Thursday for vote fraud, and the state's governor said he should immediately step ...
Thu, March 03, 2011
Indiana Secretary of State White charged with vote fraud
INDIANAPOLIS, Indiana (Reuters) - Indiana's Republican Secretary of State Charlie White was charged with voter fraud, Indiana officials said Thursday.
Indiana State Rep. Charlie ...
Mon, February 28, 2011
SEC charges body armor company's ex-directors in fraud
By Jonathan Stempel
NEW YORK (Reuters) - A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting ...
Thu, February 24, 2011
Violent immigration fraud ring members indicted: officials
WASHINGTON (Reuters) - More than 20 members of a network that allegedly forged documents for illegal immigrants and engaged in kidnapping, beating and murder to ...
Tue, February 22, 2011
Malcolm X daughter accused of fraud, identity theft
NEW YORK (Reuters) - The youngest daughter of slain civil rights leader Malcolm X was being held without bail on Tuesday in North Carolina pending ...
Thu, February 17, 2011
U.S. stresses prevention in fighting Medicare fraud
By Donna Smith
WASHINGTON (Reuters) - Healthcare programs are moving away from "pay and chase" and concentrating more on prevention in the battle against fraud ...
Mon, February 14, 2011
SEC, Goldman's Tourre battle in Abacus fraud case
By Grant McCool
NEW YORK (Reuters) - A top U.S. regulator tried to do "an end run" around U.S. Supreme Court precedent by ...
Fri, February 11, 2011
Minnesota car dealer gets 10 years prison for fraud
By David Bailey
MINNEAPOLIS (Reuters) - Former Minnesota car dealer Denny Hecker was sentenced Friday to 10 years in federal prison and ordered to pay ...
Fri, February 11, 2011
SEC charges ex-IndyMac execs with fraud
By Sarah N. Lynch
WASHINGTON (Reuters) - A former chief executive of failed mortgage lender IndyMac Bancorp and two former chief financial officers were accused ...
Mon, February 07, 2011
Marine gets 6-year prison term for Iraq fraud
By Dan Whitcomb
LOS ANGELES (Reuters) - A U.S. Marine Corps captain who last year pleaded guilty to skimming nearly $1.7 million from ...
Mon, February 07, 2011
Corrected: Marine captain gets 6-year prison term for Iraq fraud
(Corrects when Marine pleaded guilty)
By Dan Whitcomb
LOS ANGELES (Reuters) - A U.S. Marine captain who last year pleaded guilty to skimming nearly ...
Wed, February 02, 2011
Pop singer PJ Proby on benefit fraud charges
LONDON (Reuters) - Pop singer PJ Proby appeared in court on Wednesday, charged with cheating the British state benefits system out of more than 47 ...
Wed, January 26, 2011
BofA's Countrywide sued, accused of massive fraud
NEW YORK (Reuters) - Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a "massive fraud ...
Tue, January 25, 2011
NY prosecutor Vance wants tougher fraud punishment
By Grant McCool
NEW YORK (Reuters) - A leading New York prosecutor wants to toughen a broad 1920s state law used to investigate and prosecute ...
Wed, January 05, 2011
Autism-vaccine researcher a "fraud": medical journal
WASHINGTON (Reuters) - Dr. Andrew Wakefield, the-now disgraced British doctor who published studies linking vaccines with autism, committed an "elaborate fraud" by faking data, the ...
Wed, December 22, 2010
Deutsche Bank U.S. tax fraud deal opens floodgates
By Harro Ten Wolde and Jason Rhodes
FRANKFURT/ZURICH (Reuters) - Deutsche Bank's U.S. tax fraud settlement has heightened expectations of more deals ...
Thu, December 16, 2010
Fraud charged in NYC electronic worksheet program
NEW YORK (Reuters) - A program to switch New York City workers to electronic timesheets from paper versions has cost the city more than $80 ...
Fri, December 10, 2010
Ex-Vitesse Semiconductor execs indicted for fraud
WASHINGTON (Reuters) - The founder and former chief executive of Vitesse Semiconductor Corp <VTSS.PK>, Louis Tomasetta, and former executive vice president Eugene Hovanec have ...
Tue, December 07, 2010
U.S. makes smuggling charge in UBS tax fraud case
NEW YORK (Reuters) - A New York man was indicted on charges of hiding $11 million at Swiss bank UBS AG and smuggling $450,000 ...
Tue, December 07, 2010
BofA pays $137 million to settle fraud charges
By Joe Rauch
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp will pay $137 million to settle allegations by federal and state authorities that ...
Mon, December 06, 2010
SEC sees financial fraud cases increasing
WASHINGTON (Reuters) - A top Securities and Exchange Commission official said on Monday the number of fraud schemes is on the rise, taking billions of ...
Sun, November 28, 2010
Protests and fraud charges roil Haiti elections
By Joseph Guyler Delva and Pascal Fletcher
PORT-AU-PRINCE (Reuters) - Haiti's elections ended in confusion on Sunday as 12 of the 18 presidential candidates ...
Fri, November 26, 2010
Celebrity jeweller charged with fraud
Ralph Esmerian was taken into custody by U.S. Postal Inspectors in New York City on Monday morning (22Nov10) for bankruptcy and wire fraud ...
Wed, November 24, 2010
UBS, others sued for $2 billion over Madoff fraud
By Jonathan Stempel and Martin de Sa'Pinto
NEW YORK/ZURICH (Reuters) - The trustee seeking to recover money for defrauded Bernard Madoff investors has ...
Wed, November 24, 2010
Dolce & Gabbana bosses accused of tax fraud
Officials in Italy have been investigating the stylish firm, set up by Domenico Dolce and Stefano Gabbana in 1985, over accusations of tax evasion ...
Tue, November 09, 2010
JPMorgan faces foreclosure fraud suits: filing
NEW YORK (Reuters) - JPMorgan Chase & Co <JPM.N> faces two possible class action lawsuits, including fraud, related to its decision to halt foreclosures, the ...
Tue, November 02, 2010
Citigroup defeats fraud claim over EMI deal
By Grant McCool
NEW YORK (Reuters) - British financier Guy Hands has lost his court case accusing Citigroup Inc of tricking him into overpaying for ...
Wed, October 27, 2010
Former San Diego officials to settle fraud charges
WASHINGTON (Reuters) - Former San Diego officials will pay financial penalties to settle charges that they misled investors about the city's municipal bonds, the ...
Thu, October 21, 2010
Massive healthcare fraud scheme uncovered in Miami
MIAMI (Reuters) - The top two officials of a leading chain of community mental health centers were among four people arrested in Miami on Thursday ...
Wed, October 20, 2010
SEC probing Bell, California for securities fraud
PHILADELPHIA/SAN FRANCISCO (Reuters) - Federal securities regulators are investigating bonds issued by Bell, California, a small city neighboring Los Angeles, caught up in a ...
Fri, October 15, 2010
Mozilo settles Countrywide fraud case at $67.5 million
By Alex Dobuzinskis and Dan Levine
LOS ANGELES/SAN FRANCISCO (Reuters) - Former Countrywide chief Angelo Mozilo agreed to a settlement of $67.5 million ...
Fri, October 15, 2010
SEC and Mozilo in talks to settle civil fraud case: report
BANGALORE (Reuters) - Securities and Exchange Commission (SEC) and former Countrywide Financial Corp Chief Executive Angelo Mozilo are in discussions to settle the civil fraud ...
Wed, October 13, 2010
Crime group charged in $100 million Medicare fraud
NEW YORK (Reuters) - Dozens of people alleged to be members of an Armenian-American crime group were charged in federal court on Wednesday with what ...
Sun, October 10, 2010
Trinidad pair to be tried in U.S. over airport fraud
PORT OF SPAIN (Reuters) - Trinidad and Tobago's attorney general has cleared the extradition to the United States of two local businessmen wanted on ...
Sun, October 10, 2010
CHiPs star Wilcox hit with fraud charges
The actor stands accused of being part of a bogus company created to generate fake stock sales.
According to TMZ.com, officials at the ...
Sun, October 10, 2010
Hagman awarded $11.5 million damages over bank fraud case
The veteran actor, who played ruthless oil tycoon J.R. Ewing in the hit 1980s TV show, took action against company bosses in May ...
Fri, October 08, 2010
Ex-NY bank president pleads guilty in TARP fraud
NEW YORK (Reuters) - A former bank president described by prosecutors as the first person accused of attempting to steal U.S. government bailout funds ...
Wed, October 06, 2010
Madoff clan denies fraud role, seek suit dismissal
By Grant McCool
NEW YORK (Reuters) - Nearly two years after the revelation of Bernard Madoff's epic investment fraud, family members who were executives ...
Tue, October 05, 2010
Facebook & Twitter used in stock fraud: U.S. prosecutor
By Grant McCool
NEW YORK (Reuters) - Facebook and Twitter social networking sites were used to tout stocks in a classic "pump and dump" fraud ...
Fri, October 01, 2010
Local Pharmacy Raided In Apparent Fraud Investigation
TERRE HAUTE, Ind. (WIBQ) - Federal agents swooped down on an area business yesterday, apparently looking for evidence in a fraud investigation. Just before 9 ...
Wed, September 29, 2010
Jay Vincent Enters Guilty Plea To Fraud Charges
(Grand Rapids, MI) -- Former Michigan State University basketball star Jay Vincent is facing prison time after he pled guilty Tuesday to fraud charges. Vincent ...
Mon, September 27, 2010
France arrests 9 for mobile-phone codes fraud
MARSEILLE, France (Reuters) - French authorities have dismantled a cybercrime network and arrested nine people suspected of being involved in the illegal sale of codes ...
Wed, September 22, 2010
Michigan, Omnicare Reach Settlement On Medicaid Fraud Case
(Lansing, MI) -- The state of Michigan has reached a settlement deal in a Medicaid fraud case against Omnicare, the owner of Specialized Pharmacy Services ...
Tue, September 21, 2010
Liberal Group Questions Legality of Conservative Effort to Probe Voter Fraud
MADISON, Wis. (WTAQ) - A liberal Wisconsin group is questioning the legality of a conservative effort to check for potential voter fraud.
One Wisconsin Now ...
Tue, September 14, 2010
2 Menomonie Men Charged With Election Fraud
MENOMONIE, Wis. (WTAQ) - Two Menomonie men have been charged with election fraud, for allegedly voting in both Wisconsin and Minnesota in the 2008 presidential ...
Fri, September 10, 2010
Investment adviser to U.S. celebrities admits fraud
NEW YORK (Reuters) - An investment adviser, whose clients included director Martin Scorsese and singer Carly Simon, pleaded guilty on Friday to fraud charges as ...
Tue, September 07, 2010
SEC sees surge in fraud tip-offs: report
(Reuters) - The U.S. Securities and Exchange Commission (SEC) has seen a surge in tip-offs concerning alleged corporate fraud as the Financial Reforms Act ...
Fri, September 03, 2010
Elderly Warned About Potential Fraud Scams
TERRE HAUTE (WIBQ) - Authorities are warning elderly residents of scams that are aimed at separating them from their money. Some area residents have already ...
Mon, August 30, 2010
NY state comptroller probes MTA for overtime fraud
NEW YORK (Reuters) - New York's state comptroller said on Monday his office will probe the New York Metropolitan Transportation Authority, which says overtime ...
Mon, August 30, 2010
Romero's ex-lover testifies in marriage fraud trial
Celebrity photographer Markus Klinko claims he dated the Drag Me to Hell star in 2007, two years after she married Ross.
He took the ...
Fri, August 20, 2010
B of A, ex-CEO Lewis deny Cuomo fraud charges
By Grant McCool and Jonathan Stempel
NEW YORK (Reuters) - Bank of America Corp and former Chief Executive Kenneth Lewis denied civil fraud charges brought ...
Fri, August 20, 2010
Former MSU Hoops Star Jay Vincent Indicted On Fraud Charges
(Grand Rapids, MI) -- Jay Vincent, a former Michigan State University basketball standout who played nine years in the NBA, is facing federal charges connected ...
Wed, August 18, 2010
SEC charges New Jersey with securities fraud
NEW YORK (Reuters) - U.S. regulators said on Wednesday they charged New Jersey with securities fraud for not disclosing to municipal bond investors that ...
Tue, August 17, 2010
Special report: Flipping, flopping and booming mortgage fraud
By Nick Carey
CHICAGO (Reuters) - The house on the 53rd block of South Wood Street in Chicago's Back of the Yards doesn't ...
Thu, August 12, 2010
Education department to boost anti-fraud efforts
WASHINGTON (Reuters) - The federal government will hire more investigators to prevent fraud by for-profit colleges in such areas as student financial aid, U.S ...
Tue, August 03, 2010
New York art dealer gets six years prison for fraud
NEW YORK (Reuters) - A New York art dealer who duped collectors including tennis star John McEnroe and actor Robert De Niro out of more ...
Tue, August 03, 2010
Some for-profit colleges encouraged fraud: study
By Emma Ashburn
WASHINGTON (Reuters) - Government investigators found that for-profit colleges encouraged fraudulent practices and made deceptive statements to prospective students, according to a ...
Tue, August 03, 2010
New York art dealer gets six years prison for fraud
NEW YORK (Reuters) - A New York art dealer who duped collectors including tennis star John McEnroe and actor Robert De Niro out of more ...
Tue, August 03, 2010
Donald Trump sued for fraud over Trump SoHo condo
By Jonathan Stempel and Deepa Seetharaman
NEW YORK (Reuters) - Donald Trump and the promoters of his Trump SoHo hotel-condominium were sued by buyers who ...
Thu, July 29, 2010
SEC charges Wyly brothers with $550 million fraud
By Jonathan Stempel
NEW YORK (Reuters) - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more ...
Thu, July 29, 2010
Ex-body armor chief's fraud case now in NY jury's hands
By Basil Katz
CENTRAL ISLIP, New York (Reuters) - A $100,000 gem-encrusted belt buckle, luxury cars and private jet trips to glitzy resorts were ...
Thu, July 29, 2010
U.S. sues Oracle, alleges software contract fraud
WASHINGTON (Reuters) - The Justice Department said on Thursday it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect ...
Thu, July 22, 2010
Area Woman Charged with Welfare Fraud
Terre Haute (WIBQ)-A West Terre Haute woman was in court yesterday to answer charges of welfare and Medicaid fraud. It's alleged that ...
Mon, July 19, 2010
Goldman executive denies fraud
By Grant McCool
NEW YORK (Reuters) - Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in ...
Fri, July 16, 2010
AIG to pay $725 million to settle fraud case
By Paritosh Bansal and Steve Eder
NEW YORK (Reuters) - American International Group Inc <AIG.N> agreed to pay $725 million to settle a long-running ...
Fri, July 16, 2010
George Clooney testifies in Milan fashion fraud case
By Antonella Ciancio
MILAN (Reuters) - George Clooney testified Friday at a trial of three people accused of exploiting his name to promote a fashion ...
Thu, July 15, 2010
U.S. political fundraiser gets 12 years for bank fraud
By Grant McCool
NEW YORK (Reuters) - Hassan Nemazee, an Iranian-American businessman who raised money for the political campaigns of Barack Obama and Hillary Clinton ...
Fri, July 02, 2010
SEC sues Utah man in 'sandwich in a can' fraud
By Jonathan Stempel
NEW YORK (Reuters) - The Securities and Exchange Commission has sued a Utah man for fraudulently misusing $139 million of investor funds ...
Thu, June 24, 2010
Ex-media baron Black's fraud conviction set aside
By James Vicini
WASHINGTON (Reuters) - The U.S. Supreme Court set aside on Thursday the convictions of former media baron Conrad Black and two ...
Mon, June 21, 2010
SEC charges ICP Asset Management in CDO fraud case
By Emily Chasan
NEW YORK (Reuters) - U.S. securities regulators on Monday accused New York financial services firm ICP Asset Management and its founder ...
Thu, June 17, 2010
N.Y. man pleads guilty to subprime mortgage fraud
By Jonathan Stempel
TORONTO (Reuters) - A man pleaded guilty on Thursday in Manhattan federal court for his role in leading a subprime mortgage fraud ...
Wed, June 16, 2010
Authorities reveal mortgage fraud crackdown, 485 arrests
WASHINGTON (Reuters) - U.S. authorities have charged 1,215 people in hundreds of mortgage fraud cases that resulted in estimated losses of $2.3 ...
Mon, June 14, 2010
Ex-Hevesi aide led $35 million fraud scheme: Cuomo
By Jonathan Stempel and Joan Gralla
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo accused an indicted top aide to former state comptroller ...
Fri, June 11, 2010
Celebrity money man Kenneth Starr pleads not guilty to fraud
NEW YORK (Reuters) - An investment adviser to celebrities and wealthy New Yorkers pleaded not guilty on Friday to defrauding clients of at least $59 ...
Thu, June 10, 2010
NY celebrity money man indicted for $59 million fraud
By Grant McCool
NEW YORK (Reuters) - Kenneth Starr, an investment adviser to celebrities and other wealthy New Yorkers, defrauded clients of at least $59 ...
Thu, June 03, 2010
Colts Receiver Victim of Credit Card Fraud
Indianapolis (WIBQ)-The former girlfriend of Colts wide receiver Reggie Wayne is reportedly involved in a credit card fraud investigation. Police say Wayne reported ...
Wed, June 02, 2010
Former Florida Republican chief charged with fraud
By Jane Sutton
MIAMI (Reuters) - Florida's recently ousted Republican Party chief was indicted on Wednesday on fraud, theft and money laundering charges in ...
Fri, May 21, 2010
Virginia prosecutor wants in on big fraud cases
By Jeremy Pelofsky
WASHINGTON (Reuters) - A top U.S. prosecutor in Virginia said on Friday he planned to investigate major financial fraud cases, using ...
Fri, May 21, 2010
Ex-Madison Broker Firm Prez Charged with Mortgage Fraud
MADISON, Wis. (WTAQ) - The head of a former Madison brokerage firm has been charged in a mortgage fraud scheme. Prosecutors say 44-year-old Brian Bowling ...
Wed, May 19, 2010
Second NJ exec pleads guilty to online fraud
NEW YORK (Reuters) - A New Jersey man has pleaded guilty to defrauding clients out of $10.2 million after being accused of running a ...
Fri, May 14, 2010
Iraq election recount over, no fraud found
By Khalid al-Ansary
BAGHDAD (Reuters) - A completed recount of 2.5 million ballots cast in Iraq's March 7 parliamentary election found no signs ...
Thu, May 13, 2010
Green Bay's Learning Years Tied to Wisconsin Shares Fraud
GREEN BAY, Wis. (WTAQ) - State officials say a Green Bay child care center altered its attendance records to collect an extra $40,000 from ...
Sat, April 24, 2010
Goldman execs sold shares after fraud notice: report
CHICAGO (Reuters) - Five senior executives at Goldman Sachs Group Inc sold company stock after the firm received notice of possible fraud charges, according to ...
Wed, April 21, 2010
U.S. charges Miami sports donor with $900 million fraud
By Pascal Fletcher and Rachelle Younglai
MIAMI/WASHINGTON (Reuters) - U.S. authorities on Wednesday accused a Miami Beach, Florida, businessman of allegedly running a ...
Tue, April 20, 2010
East Sudan parties concede defeat, cry fraud
By Opheera McDoom
KHARTOUM (Reuters) - Two political parties in Sudan's underdeveloped east on Tuesday accused the president's party of using fraud and ...
Tue, April 20, 2010
UK joins Goldman fraud probe as heat builds
By Steve Slater and Douwe Miedema
LONDON (Reuters) - Britain launched a probe into alleged fraud by Goldman Sachs <GS.N> four days after the ...
Mon, April 19, 2010
Goldman earnings beat overshadowed by fraud probe
By Steve Eder and Steve Slater
NEW YORK/LONDON (Reuters) - Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to ...
Mon, April 12, 2010
Greenberg seeks to end Cuomo civil fraud case
By Jonathan Stempel
NEW YORK (Reuters) - Former American International Group Inc Chief Executive Maurice "Hank" Greenberg has asked a judge to dismiss a civil ...
Sun, April 11, 2010
Iraq PM's bloc says fraud may have cost it 750,000 votes
By Ahmed Rasheed
BAGHDAD (Reuters) - The coalition of Iraq's incumbent prime minister, which came second in inconclusive March elections, said Sunday up to ...
Wed, April 07, 2010
Six charged in $13 million Miami healthcare fraud
MIAMI (Reuters) - Six Miami-area residents have been charged for their alleged role in a healthcare fraud scheme that cheated the government out of more ...
Tue, April 06, 2010
Sears, Lampert win dismissal of Kmart fraud suit
By Jonathan Stempel
NEW YORK (Reuters) - A federal appeals court said Sears Holdings Corp is not liable to former Kmart Holding Corp shareholders who ...
Wed, March 31, 2010
Truck maker Oshkosh wins dismissal of fraud suit
By Jonathan Stempel
NEW YORK (Reuters) - Oshkosh Corp <OSK.N> won dismissal of an investor class-action lawsuit alleging the maker of heavy trucks inflated ...
Fri, March 26, 2010
Ex-Brocade CEO found guilty of securities fraud
By Alexandria Sage
SAN FRANCISCO (Reuters) - A U.S. court convicted the former chief executive of Brocade Communications Systems Inc of securities fraud on ...
Wed, March 24, 2010
Ex-Madoff aide indicted for fraud, conspiracy
By Jonathan Stempel
NEW YORK (Reuters) - The former director of operations at Bernard Madoff's investment firm was indicted by a federal grand jury ...
Tue, March 23, 2010
WI Gets $310K In Medicad Fraud Settlement
MADISON, Wis. (WTAQ) - Wisconsin will get $310,000 as part of a national settlement in a Medicaid fraud case. Alpharma was accused of making ...
Fri, March 19, 2010
New Zealand's "Madoff" jailed for $13 million fraud
WELLINGTON (Reuters) - A New Zealand banker defrauded clients of $13 million to fund a lavish lifestyle of prostitutes, property and wine, local media reported ...
Thu, March 18, 2010
Obama, Clinton fundraiser admits $292 million fraud
By Grant McCool
NEW YORK (Reuters) - A wealthy businessman who raised money for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded ...
Mon, March 15, 2010
Ex-NY bank president first accused of TARP fraud
By Grant McCool
NEW YORK (Reuters) - The former president of New York's privately held Park Avenue Bank was arrested on Monday on fraud ...
Mon, March 15, 2010
Lt. Gov. Candidate Modifies Stance on Fraud, Waste Hotline
OCONOMOWOC, Wis. (WTAQ) - A Republican candidate for lieutenant governor said she wanted to create a hotline for people to report fraud and waste in ...
Sat, March 13, 2010
Swisscom CEO says Fastweb victim of fraud: report
ZURICH (Reuters) - The chief executive of Swisscom AG <SCMN.VX> said Fastweb <FWB.MI> was a victim of fraud, a Swiss paper reported on ...
Sat, February 27, 2010
China hits back at gymnast age fraud sanction
By Nick Mulvenney
BEIJING (Reuters) - China has condemned as "extremely regrettable" a decision by the International Gymnastics Federation (FIG) to cancel Dong Fangxiao's ...
Thu, February 25, 2010
U.S. accuses ex-Madoff exec with broad role in fraud
By Grant McCool
NEW YORK (Reuters) - A former executive for imprisoned swindler Bernard Madoff's firm was arrested on Thursday on charges of concealing ...
Wed, February 24, 2010
Florida's "mini-Madoff" Nadel admits huge fraud
By Grant McCool
NEW YORK (Reuters) - Arthur Nadel, a former Florida fund manager dubbed a "mini-Madoff" for running a decade-long investment fraud of nearly ...
Fri, February 12, 2010
Madoff's brother, sons subject of criminal tax-fraud cases: WSJ
(Reuters) - The brother and sons of imprisoned swindler Bernard Madoff are the subject of criminal tax-fraud cases by federal prosecutors in Manhattan, the Wall ...
Thu, February 04, 2010
Cuomo charges BofA, ex-CEO with fraud; SEC settles
By Jonathan Stempel and Joe Rauch
NEW YORK/ORLANDO, Florida (Reuters) - New York's attorney general charged Bank of America Corp <BAC.N>, former ...
Tue, January 26, 2010
Florida man charged in new UBS tax fraud case
MIAMI (Reuters) - A Florida man was charged in federal court in Miami with concealing income he is alleged to have earned from offshore accounts ...
Sun, January 17, 2010
Global healthcare fraud costs put at $260 billion
By Kate Kelland, Health and Science Correspondent
LONDON (Reuters) - Some 180 billion euros ($260 bln) is lost globally every year to fraud and error ...
Thu, January 14, 2010
Seven years prison for U.S. lawyer in Refco fraud
By Grant McCool
NEW YORK (Reuters) - A U.S. judge sentenced a former outside lawyer for Refco Finance Holdings LLC to seven years in ...
Thu, December 31, 2009
Kohlberg Capital sued over alleged fraud
By Jonathan Stempel
NEW YORK (Reuters) - Kohlberg Capital Corp has been sued by a Michigan investor who said the investment company taken public in ...
Tue, December 15, 2009
Execs named in bulk of SEC fraud cases: study
WASHINGTON (Reuters) - Company officers were named in 81 percent of the enforcement cases brought by the U.S. Securities and Exchange Commission in 2008 ...
Fri, December 11, 2009
NY fund manager admits multimillion dollar fraud
By Grant McCool
NEW YORK (Reuters) - A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal ...
Thu, December 10, 2009
Sixth person admits fraud in Galleon insider case
By Grant McCool
NEW YORK (Reuters) - A New York lawyer on Thursday became the sixth person to admit to conspiring with others in a ...
Wed, December 09, 2009
U.S. vows to root out corporate fraud
By Dan Margolies and Rachelle Younglai
WASHINGTON (Reuters) - The U.S. Justice Department sought to assure lawmakers on Wednesday that prosecutors are rooting out ...
Wed, December 02, 2009
Tom Petters found guilty of Ponzi scheme fraud
By Art Hughes
ST. PAUL, Minnesota (Reuters) - A federal jury on Wednesday found Minnesota businessman Tom Petters guilty of orchestrating a $3.65 billion ...
Tue, November 24, 2009
"Cancer of fraud" permeates U.S. healthcare system
By Tom Brown
MIAMI (Reuters) - It's a crime so profitable that even dead people are in on the act.
A U.S. Senate ...
Tue, November 24, 2009
Jury adjourns till Monday in Ponzi fraud case
By Todd Melby
ST. PAUL, Minnesota (Reuters) - Accused Ponzi schemer Tom Petters will wait at least six more days to learn his fate after ...
Fri, November 20, 2009
Accused Ponzi schemer: I learned of fraud late
By Art Hughes
ST. PAUL, Minnesota (Reuters) - Minnesota businessman Tom Petters made a final push on Friday to convince a federal jury he was ...
Fri, November 20, 2009
Ex-Vivendi CEO Messier testifies: Losses not fraud
By Grant McCool
NEW YORK (Reuters) - Former Vivendi CEO Jean-Marie Messier told a U.S. jury he "never, never, never" committed fraud as he ...
Thu, November 19, 2009
Lawmaker Ducks Fraud, Another Woman Gets Charged
MILWAUKEE (WRN) - A state legislator will not be charged with falsifying the nomination papers he filed to get on the ballot last fall. But ...
Mon, November 16, 2009
U.S. to unveil anti-fraud task force Tuesday
WASHINGTON (Reuters) - The U.S. government plans to announce on Tuesday an interagency task force to ferret out fraud, a source briefed on the ...
Thu, November 12, 2009
FBI says Florida fraud scheme could top $1 billion
By Pascal Fletcher
MIAMI (Reuters) - Federal agents investigating a prominent Florida lawyer suspected of running an elaborate Ponzi scheme said on Thursday the amount ...
Mon, November 09, 2009
Ex-SEC lawyer pleads guilty in Dreier Ponzi fraud
NEW YORK (Reuters) - A former enforcement lawyer with the U.S. Securities and Exchange Commission pleaded guilty to impersonating two people to help confessed ...
Fri, November 06, 2009
Doyle Promises To Sign Child Care Fraud Reduction Bill
MADISON (WRN) - Governor Jim Doyle promises to sign a major bill to reduce fraud and get criminals out of the state’s tax funded ...
Fri, November 06, 2009
Another UBS client gets reduced tax fraud sentence
By Tom Brown
FORT LAUDERDALE, Florida (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month ...
Wed, November 04, 2009
Countrywide ex-CEO Mozilo must face SEC fraud case
By Jonathan Stempel and Gina Keating
NEW YORK/LOS ANGELES (Reuters) - A federal judge rejected a request by Angelo Mozilo, the former chief executive ...
Wed, November 04, 2009
Ex-Merge Healthcare execs settle SEC fraud charges
NEW YORK (Reuters) - Two former top Merge Healthcare Inc executives agreed to pay $870,000 to settle U.S. Securities and Exchange Commission charges ...
Tue, November 03, 2009
Ex-NYSE president Putnam found guilty of fraud
By Kyle Peterson
CHICAGO (Reuters) - A jury said on Tuesday that former New York Stock Exchange president Gerald Putnam cheated his former partner out ...
Tue, November 03, 2009
Ex-Madoff auditor pleads guilty, denies he knew of fraud
By Grant McCool
NEW YORK (Reuters) - The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he ...
Fri, October 30, 2009
Another UBS informant gets leniency for tax fraud
MIAMI (Reuters) - A tax evader turned government informant received a light sentence in Florida on Friday because he cooperated in a high-profile U.S ...
Wed, October 28, 2009
Retail return fraud seen down this holiday season
CHICAGO (Reuters) - Retailers are expected to lose less money due to fraudulent returns of merchandise this holiday season from a year ago as stores ...
Wed, October 28, 2009
Jury finds mayor of Alabama city guilty of fraud
By Verna Gates
TUSCALOOSA, Alabama (Reuters) - A jury found Larry Langford, the mayor of Alabama's biggest city Birmingham, guilty of charges ranging from ...
Wed, October 28, 2009
Ex-client of UBS gets house arrest for tax fraud
By Tom Brown
MIAMI (Reuters) - A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties ...
Tue, October 27, 2009
Scientology convicted for fraud in France, escapes ban
By Thierry Leveque
PARIS (Reuters) - The Church of Scientology was convicted of fraud by a French court Tuesday but escaped being banned due to ...
Mon, October 26, 2009
South Korea stem cell scientist guilty of fraud
By Christine Kim and Jon Herskovitz
SEOUL (Reuters) - A South Korean court Monday found disgraced stem cell scientist Hwang Woo-suk guilty of fraud and ...
Tue, October 20, 2009
IRS warned again of homebuyer credit fraud
By Kim Dixon
WASHINGTON (Reuters) - The internal watchdog for the U.S. Internal Revenue Service is expected to warn the agency for the fourth ...
Mon, October 19, 2009
California launching fraud suit against major bank
SAN FRANCISCO (Reuters) - California Attorney General Jerry Brown's office said on Monday it would unveil a lawsuit against a major bank for committing ...
Thu, October 15, 2009
Ex-NYSE president Putnam denies fraud claim in court
By Kyle Peterson
CHICAGO (Reuters) - Former New York Stock Exchange president Gerald Putnam on Thursday denied claims in court that he and two others ...
Thu, October 15, 2009
U.S. charges 41 in suspected mortgage fraud scheme
By Edith Honan
NEW YORK (Reuters) - U.S. authorities charged 41 people in a suspected mortgage fraud scheme that cheated lenders out of more ...
Sun, October 11, 2009
U.N. mission chief denies Afghan fraud cover-up
By Peter Graff and Akram Walizada
KABUL (Reuters) - The head of the United Nations mission in Afghanistan denied accusations on Sunday that he had ...
Thu, October 01, 2009
UK fraud office aims to prosecute BAE Systems
By John Bowker and Paul Hoskins
LONDON (Reuters) - Britain's fraud office said on Thursday it aimed to prosecute Europe's biggest defense contractor ...
Wed, September 30, 2009
Miss Singapore World resigns after lingerie fraud
SINGAPORE (Reuters) - Beauty queen Miss Singapore World has given up her crown after it emerged that she had stolen credit cards to go on ...
Mon, September 28, 2009
U.S. broker charged with luring seniors in fraud
WASHINGTON (Reuters) - U.S. securities regulators on Monday charged a Michigan stock broker with fraud for allegedly luring seniors into a $250 million investment ...
Wed, September 23, 2009
Democratic fund-raiser pleads not guilty to fraud
By Grant McCool
NEW YORK (Reuters) - A leading Democratic Party fund-raiser pleaded not guilty on Wednesday to charges of defrauding Bank of America, HSBC ...
Tue, September 22, 2009
California sues Madoff "middleman" Chais for fraud
LOS ANGELES (Reuters) - California's attorney-general sued Los Angeles money manager Stanley Chais on Tuesday, accusing the celebrity fund manager of funneling money into ...
Mon, September 21, 2009
U.S. charges Obama fund-raiser in $290 million fraud
By Grant McCool
NEW YORK (Reuters) - Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank ...
Wed, September 16, 2009
Dubai World says suing ex-CEO of unit for fraud
DUBAI (Reuters) - Dubai World, a Dubai government holding company, filed a lawsuit in the United States this week against the former head of a ...
Wed, September 16, 2009
FBI mortgage fraud probes grow to 2,600 cases
WASHINGTON (Reuters) - The Federal Bureau of Investigation's caseload for mortgage fraud has continued to grow as homeowners cope with the shattered housing market ...
Tue, September 15, 2009
Former General Re exec gets probation in AIG fraud
By Scott Malone
HARTFORD, Connecticut (Reuters) - A former executive of reinsurer General Re Corp was sentenced to two years probation and fined $10,000 ...
Thu, September 10, 2009
U.S. government nervous about stimulus fraud, scams
WASHINGTON (Reuters) - As billions of dollars from the economic stimulus plan pour through the U.S. economy, members of Congress, the administration and regulatory ...
Thu, September 10, 2009
SEC told to fully probe complaints to bust fraud
WASHINGTON (Reuters) - After bungling five probes that should have uncovered Bernard Madoff's $65 billion fraud, regulators must learn to aggressively investigate tips and ...
Thu, September 10, 2009
Fraud watchdog annuls votes in Afghan election
By Maria Golovnina
KABUL (Reuters) - A U.N. panel annulled ballots from dozens of polling stations in Afghanistan's presidential election on Thursday, kicking ...
Wed, September 09, 2009
Court orders UBS to post $35 million bond in fraud case
NEW YORK (Reuters) - A Connecticut court ordered UBS <UBSN.VX> to pledge assets or post a $35 million bond after finding "probable cause" that ...
Tue, September 08, 2009
Afghan vote fraud watchdog orders recounts
KABUL (Reuters) - Afghanistan's mainly U.N.-appointed election fraud watchdog ordered on Tuesday a recount of polling stations where it suspects fraud in ...
Wed, September 02, 2009
Morgan Stanley, Moody's, S&P must defend fraud claims
NEW YORK (Reuters) - A U.S. federal judge has ruled that Morgan Stanley <MS.N> and two credit rating agencies must defend part of ...
Wed, September 02, 2009
Obama fund-raiser faces new U.S. fraud allegation
By Grant McCool
NEW YORK (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last week with defrauding Citigroup ...
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