fraud

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Darwins Were Planning Panama Canoe Resort

'Dead' boater and wife were working on a Panama paradise

(Newser) - The British man who faked his own death in a boating accident had been planning with his wife to open an eco-tourism resort offering idyllic canoeing holidays, the Times of London has discovered. John and Anne Darwin spent almost half a million dollars on property in Panama, including $390,000...

ID Theft Funded Philly Couple's Jaunts to Paris, Hawaii

Pair reaped $100K from condo neighbors

(Newser) - The Philadelphia couple dubbed the Bonnie and Clyde of identity theft left jail yesterday after their parents posted a hefty bail. Jocelyn Kirsch, 22, and Edward Anderton, 25, went on a shopping, dining, and vacationing spree—documented in countless photographs—with more than $100,000 they netted by stealing their...

Wife in on 'Dead' Boater's Insurance Plot

Woman admits she banked benefits on 'missing' hubby

(Newser) - The wife of a British canoeist declared dead after missing for five years admitted yesterday that she knew her husband was alive before he walked into a police station last weekend claiming to be an amnesiac. Anne Darwin confessed when she was confronted with a photo of herself with her...

Black Sentence Could Be Just 5 Years

Report doesn't back the 24-30 years feds want in media baron fraud

(Newser) - A confidential report prepared for the judge in the Conrad Black trial suggests that the disgraced media baron might receive a jail sentence far shorter than the 24-30 years prosecutors are seeking. The pre-sentencing report gives a much lower estimate for the scale of Black's fraud—$6.1 million, not...

Cops Raid Gov't Offices in Olmert Fraud Inquiry

Israelis probe PM's perks, appointments

(Newser) - Israeli police confiscated documents from 20 sites today as part of a probe into fraud allegations against PM Ehud Olmert, reports Reuters. Some 100 department of fraud officers stormed the trade and industry ministry, the Jewish National Fund, and private law offices, among others. Olmert is accused of securing an...

Kerik Indicted, Pleads Not Guilty
Kerik Indicted, Pleads Not Guilty
Nov 9, 2007 1:05 PM CST

Kerik Indicted, Pleads Not Guilty

Ex-NYC police chief faces 142 years on fraud, conspiracy charges

(Newser) - Bernard Kerik was indicted today on 16 federal counts, including conspiracy, fraud, and lying to investigtors, and he faces up to $4.7 million in fines and 142 years behind bars. The ex-New York City police commissioner pleaded guilty and later described himself as "disappointed that the government has...

Ex-Ill. Governor Must Report to Federal Prison

Justice Stevens denies Ryan's last-ditch bid to remain free on bail

(Newser) - George Ryan will report to prison tomorrow after Supreme Court Justice John Paul Stevens today refused the ex-Illinois governor's request to stay free on bail while fighting a corruption conviction. Ryan, 73, will begin serving his 6½-year sentence in a Wisconsin prison, the Chicago Tribune reports. He was convicted...

Fraud Probe Pushes Italian PM to Brink

Ministers turn on each other amid campaign corruption charges

(Newser) - Italy's government neared meltdown last night as charges of fraud and embezzlement picked up steam. Prime Minister Romano Prodi and his justice minister are under investigation for diverting funds from the European Union to their own political party in order to shore up support during an election, reports the Guardian....

‘Bundlers’ Rake In Cash, Harbor Ethics Gaps

Candidates’ biggest spenders launder money and break laws

(Newser) - "Bundlers"—political fundraisers who solicit other donors to give—are a standard feature of the presidential race, and many remain favored by major campaigns despite unethical and even illegal conduct. The Post spotlights questionable rainmakers in the Norman Hsu scandal aftermath, including one Hillary donor who gave $160,...

Criminal Probes Launched Into Iraqi Arms Deals

One of scores of investigations focus on aide to Gen. Petraeus

(Newser) - Scores of investigations are under way into fraud, bribery and other criminal activity relating to billions of dollars worth of arms and other war materiel supplied to forces in Iraq, Afghanistan and Kuwait, the New York Times reports. The focus of the investigations range from the misappropriation of a few...

Brocade CEO Guilty of Fraud in Backdated Options

First conviction in backdating crackdown

(Newser) - The former head of a data-storage company today became the first chief executive convicted in the crackdown on backdated executive stock options. Gregory Reyes, CEO of Brocade communications, was found guilty in federal court in San Francisco of 10 counts of conspiracy and fraud.

Fake Cloner Stumbled Onto Major Stem Cell Find

Scandal overshadowed self-fertilizing eggs

(Newser) - The South Korean stem cell researcher who faked cloning a human egg and forged research results actually made a huge discovery without realizing it. Scientists reviewing his work have discovered that his team's embryonic stem cells were the product of unfertilized eggs that underwent parthenogenesis, or divided on their...

Black Holds $60M Offshore, Court Hears

Convicted media baron accused of hiding money in Gibraltar

(Newser) - Disgraced media mogul Conrad Black has shuffled $60 million to an offshore account into Gibraltar, an affidavit filed at his Chicago bail hearing alleged yesterday. Canada's Globe and Mail reports that Juval Aviv, a private investigator with a checkered past, told the court that he had uncovered a complex network...

Corruption Shadows Iraq Rebuilding
Corruption Shadows
Iraq Rebuilding
Jul 30, 2007 2:48 PM CDT

Corruption Shadows Iraq Rebuilding

US investigates dozens of fraud cases as pricey projects disintegrate

(Newser) - US auditors monitoring the rebuilding process in Iraq are battling forces they compare to "a second insurgency"—corruption and economic mismanagement. The Iraqi government is refusing to handle reconstruction projects worth billions of dollars, and US officials are now investigating more than 50 fraud cases, the BBC reports.

Scams Target Delinquent Homeowners
Scams Target Delinquent Homeowners
Jul 3, 2007 5:45 PM CDT

Scams Target Delinquent Homeowners

'Equity strippers' deceive borrowers behind on their mortgage payments

(Newser) - A new form of fraud is thriving in the declining housing market, targeting desperate homeowners who are late on their mortgage payments. Known as equity strippers, companies cold-call burdened borrowers, promising a reprieve from their financial woes. In the end, they profit, and the owners end up losing their  home...

HealthSouth Boss Gets 7 Years for Bribery

Same stretch for Alabama governor

(Newser) - Richard Scrushy, the former CEO of HealthSouth, was sentenced to almost 7 years in prison for giving the governor of Alabama $500,000 in exchange for a seat on the state hospital regulatory board, the Wall Street Journal reports. Former governor Don Siegelman was sentenced to over 7 years, and...

Fraud Case Against Mogul Goes to Jury

Federal panel to weigh 15 weeks' worth of testimony in Black trial

(Newser) - The Conrad Black fraud case went to the jury today in Chicago, and the onetime press baron now awaits word on whether he'll walk free or face a decades-long prison sentence. The federal government contends that the ex-Hollinger chairman and three associates raided the company under the guise of complicated...

Black's Blind Eye Could Convict
Black's Blind Eye Could Convict
Jun 15, 2007 6:18 AM CDT

Black's Blind Eye Could Convict

(Newser) - The standard of proof at former media mogul Conrad Black's fraud trial in Chicago will be set low.  In issuing the so-called "ostrich instruction," the judge allowed the jury to convict if Black and his co-defendants deliberately avoided knowing about wrong-doing.

International Banks Face Trial in Italian Court

Morgan Stanley, others indicted in wake of Parmalat bankruptcy

(Newser) - Four gold-plated investment banks have been ordered to stand trial for alleged market manipulation for their roles in advising Italian dairy giant Parmalat, which declared bankruptcy in 2003. Italian prosecutors say Morgan Stanley, Deutsche Bank, UBS, and Citigroup allowed Parmalat to manipulate its finances, helping it to defraud investors even...

Saudi Prince Pocketed $2B in Arms Deal

British arms giant BAE said to have paid 'fees' to Bandar for 10 years

(Newser) - Prince Bandar of Saudi Arabia, the former Saudi ambassador to the US and a close friend of President Bush, allegedly accepted nearly $2 billion from the British arms giant BAE  in connection with an $86-billion arms deal. The Guardian claims the payments, made in $60-million increments over 10 years, through...

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