Fraud at the Movies

The $30m movie that turned into a $4m tax fraud

Bloomberg

The plot: Convince the government you spent $30 million to make a movie. Then collect a check for $4.2 million in tax relief. When the tax man asks to see the movie, get filming on the cheap.

Watch the video here.

The Cocktail Party is Over

Caviar distributor pleads guilty to $10 million fraud scheme

Bloomberg

A former caviar distributor who spent more than 23 years as a fugitive pleaded guilty to a fraud scheme where he illegally imported more than 100,000 pounds of Russian and Iranian caviar worth more than $10 million.

Read the full article here.

Ghost Bonds: World's Largest Solar Panel Maker Possibly Defrauded

Suntech probes potential fraud on $680 million guarantee

Bloomberg Businessweek

Suntech Power Holdings Co., the world’s biggest solar panel maker, said it may have been the victim of a fraud involving a 554.2 million euro ($680 million) financing guarantee it extended in 2010.

Read the full article here.

Trading on Illegal Tips

Yahoo executive, fund manager plead guilty to insider trading

Bloomberg

A former Yahoo! Inc. (YHOO) executive and a former mutual fund manager at a unit of Ameriprise Financial Inc. (AMP) pleaded guilty to insider trading and resolved civil complaints by federal securities regulators.

Read the full article here.

Fraudster's Ex-Coworker Directs, Produces New Documentary

Ponzi schemer Marc Dreier confesses 'sins' in new film

Bloomberg Law

Marc Simon, a filmmaker and partner at Cowan, DeBaets, Abrahams & Sheppard LLP, discusses his documentary "Unraveled" which explores the downfall of Marc Dreier, a prominent Manhattan attorney, who was convicted of orchestrating a massive fraud scheme.

Watch the interview with Simon below.