'New Meaning to the Term False Advertising'

Slick click ‘scam’

New York Post

Seven overseas “cyberbandits” hijacked more than 4 million computers around the world -- infecting them with crooked software that secretly rerouted their Web browsers, the feds charged yesterday. The massive scheme allegedly generated at least $14 million in fraudulent advertising revenue by steering Internet traffic away from such popular Web sites as Netflix and iTunes.

Read the full article here.

Crooked Consultants Steal $80 Million Over 5-Year Period

Four consultants busted for 'scamming' city's payroll system

New York Post

It's payback time. Four crooked consultants hired to improve the city's troubled CityTime payroll system have been busted for allegedly swindling a staggering $80 million over the past five years. "In an ironic twist, a project intended to prevent payroll waste, fraud and abuse was itself allegedly bilked in part by fraudulent time-keeping," said Manhattan US Attorney Preet Bharara.

Read the full article here.

Red-Carpet Jeweler Charged with White-Collar Crime

New York Post

Jeweler to stars busted in $217M fraud scheme

A Manhattan jeweler to the stars sported his latest shiny accessory yesterday -- steel handcuffs. Ralph Esmerian, a fourth-generation gem dealer and former owner of posh jewelry shop Fred Leighton, was arrested and charged with embezzling from more than $217 million in loans he took out over the past five years among other fraud charges.

Read the full article here.