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Tuesday
May312011

Man on the Run

Fugitive businessman caught in Utah

The Salt Lake Tribune

A business executive who fled Atlanta while on trial in a high-profile securities fraud case was arrested Saturday night in southern Utah.

Read the full article here.

Friday
May272011

'A Fox in a Henhouse'

Ex-Nasdaq managing director admits to insider trading

Bloomberg Businessweek

Former Nasdaq Stock Market Managing Director Donald Johnson pleaded guilty to using information gleaned from his position with the exchange to engage in insider trading, the U.S. Justice Department said.

Read the full article here.

Thursday
May262011

SEC to Reward Ethical Behavior

Give a little whistle: SEC offers a huge carrot to encourage whistleblowers

The Economist

“Too many people remain silent in the face of fraud,” says Mary Schapiro, the chairman of America’s Securities & Exchange Commission (SEC). On May 25 she announced new rules to encourage corporate whistleblowing.

Read the full article here.

Tuesday
May242011

AGs Plan Crack Down on Public Corruption

New York, California launch anti-fraud task forces

ConsumerAffairs.com

Since last fall's elections, there's been a big change in the news flowing out of state attorneys general offices ... But in the nation's two largest states, it's business as usual, even though the players have changed.

Read the full article here.

Thursday
May192011

Once, Twice, Three Times a Fraudster

Mom, accused of stealing nanny's identity, allegedly swipes identities of boyfriend, his wife

ABC News

Ramie Marston, a 42-year-old mother of two, is in custody on federal fraud charges -- wire fraud, aggravated identity theft, and conspiracy to commit access device fraud -- all of which she allegedly committed while under house arrest and on bail for another fraud.

Read the full article here.