Software execs sentenced in fraud case
Guilty for inflating revenue numbers to attract venture capital. Read more on CNBC.com.
CFO of Crazy Eddie, a fraud mastermind
This blog of Sam Antar’s insights on fraud today is very interesting as is his entire story. http://whitecollarfraud.blogspot.com/
More than Madoff: Fraud from around the world
We are seeing lots of fraud in the real estate and financial services sector not just in the U.S. To read more, click here.
Doc pleads guilty to $6m fraud
Dr. Weinstein was cooking the books. Look here in the Chicago Sun Times.
Seven charged in bank fraud case
This is a classic example of needing continuous controls monitoring to look at every transaction, not just a sampling. We find those needles in the haystack. And other banks need to take note as it could be happening to them. Read more here.
Arraignment of Businessman Over $6.6M Fraud
Writing dud checks http://tinyurl.com/dbajmf
Atlanta woman guilty in VA fraud scheme
A former Department of Veterans Affairs (VA) social work associate in Atlanta was convicted Thursday on four counts of honest services mail fraud, violating the criminal conflict of interest statute and making a false statement to agency officials. She and her boyfriend created and ran a scheme to defraud the VA. http://tinyurl.com/b6sjg2
HSBC Business Credit (USA) out of approximately $46 million
Preparing false financial documents for his clients, this CPA “redid” their books and helped them secure credit lines. Read more.
Lamborghini dealer busted bilking financing company
The FBI agents driving Lamborghinis now? http://tinyurl.com/dfuxnp
U.S. prosecutors plan an attack on financial fraud
We agree that rules need to be in place and ways to reduce the risk. Read more.