FraudInfo

It Takes Two to Swindle

Mandy Moody — Mon, 20 Feb 2012 17:21:51 +0000

Madoff's betrayals give story its power

Arizona Daily Star

The cost of the Bernie Madoff scandal was much more than the $65 billion he ripped off from his closest friends and family members.

Read the full article here.

Diana Henriques, author of The Wizard of Lies: Bernie Madoff and the Death of Trust, will address this topic and more at the ACFE Annual Fraud Conference & Exhibition in Orlando, Fla., June 17-22.

International Fraud Uncovered

Mandy Moody — Fri, 17 Feb 2012 20:22:17 +0000

Italian fraud investigation stumbles on $6-trillion in counterfeit U.S. bonds

The Vancouver Sun

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.

Read the full article here.

Take the Sugar with a Few Grains of Salt

Mandy Moody — Tue, 14 Feb 2012 14:01:57 +0000

Love-Seekers Beware: Online Dating Fraud Rose 150% Last Year

Mashable

Lonely hearts seeking love this Valentine’s Day, be wary. Online dating fraud rose by 150% percent in 2011 as scammers and hucksters turned up the false charm and predatory trolling.

Read the full article here.

Largest Joint Federal-State Civil Fraud Settlement in History Reached

Mandy Moody — Thu, 09 Feb 2012 19:19:39 +0000

Landmark settlement announced on foreclosure, mortgage fraud

The Washington Post

State and federal officials on Thursday announced a settlement of more than $25 billion with five of the nation’s banks over their flawed and fraudulent foreclosure practices. It is the largest government-industry settlement in more than a decade.

Read the full article here.

3 Ways to Spot a Lie

Mandy Moody — Tue, 07 Feb 2012 16:51:04 +0000

How to spot when someone lies

Wired.co.uk

Psychologist Gerald Jellison claims the average person tells 200 lies a day. Pamela Meyer, author of Liespotting, explains how to spot a whopper.

Read the full article here.

Meyer will address this topic and more at the ACFE Annual Fraud Conference and Exhibition in Orlando, Fla., June 17-22.

Fraudster Aids Federal Agents in Undercover Internet Sting

Mandy Moody — Thu, 02 Feb 2012 21:17:39 +0000

Jailed con artist describes role in Google case

Fox News

When federal investigators decided to look into whether Google Inc. was letting rogue pharmacies from overseas target American consumers with advertising, they turned to a convicted con artist with experience pushing pills on the Internet.

Read the full article here.

'Let Us Prey'

Mandy Moody — Mon, 30 Jan 2012 14:41:21 +0000

Fleecing the flock: The big business of swindling people who trust you

The Economist

With a nudge from their pastor, the 25,000 members of the New Birth Missionary Baptist Church near Atlanta opened their hearts, and their wallets, to Ephren Taylor. And why not, given his glittering credentials? Mr. Taylor billed himself as the youngest black chief executive of a publicly traded company in American history.

Read the full article here.

Conned by a Con

Mandy Moody — Wed, 25 Jan 2012 17:57:07 +0000

Convicted felon out on supervised release arrested in lost pet fraud

Forbes

If the name “Eric Stein” rings a bell, it’s likely because you saw him featured on CNBC’s “American Greed.” Stein was sentenced to eight years in federal prison for his role in a 1990s television commercial scam that victimized some 1,750 investors out of an estimated $50 Million.

Read the full article here.

The Many Lives of Minkow: Keep the Camera Rolling

Mandy Moody — Mon, 23 Jan 2012 14:34:16 +0000

Barry Minkow: All-American con man

CNN Money

In 2009 a writer named Jon Meyers was hired to furnish a screenplay for what soon became the strangest movie project of his life. The film was to star a number of well-known actors -- James Caan, Talia Shire, Mark Hamill, Ving Rhames -- and it would chronicle the life of Barry Minkow.

Read the full article here.

Using Secret Information as Currency

Mandy Moody — Thu, 19 Jan 2012 16:20:28 +0000

U.S. charges 7 for insider trading of Dell stock

The New York Times

Sandeep Goyal was a small-time stock analyst with a big connection. In 2008, while working at a mutual fund company, Mr. Goyal received illegal tips from a Dell employee about the company’s financial results, federal authorities say.

Read the full article here.