The Fraudies Awards

Software execs sentenced in fraud case

Posted in 1 by fraudies on March 30, 2009

Guilty for inflating revenue numbers to attract venture capital.  Read more on CNBC.com.

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CFO of Crazy Eddie, a fraud mastermind

Posted in 1 by fraudies on March 30, 2009

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

Posted in 1 by fraudies on March 30, 2009

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

Posted in 1 by fraudies on March 30, 2009

Dr. Weinstein was cooking the books.  Look here in the Chicago Sun Times.  

Seven charged in bank fraud case

Posted in 1 by fraudies on March 20, 2009

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

Posted in 1 by fraudies on March 19, 2009

Writing dud checks   http://tinyurl.com/dbajmf

Atlanta woman guilty in VA fraud scheme

Posted in 1 by fraudies on March 16, 2009

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

Posted in 1 by fraudies on March 16, 2009

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

Posted in 1 by fraudies on March 16, 2009

The FBI agents driving Lamborghinis now? http://tinyurl.com/dfuxnp

U.S. prosecutors plan an attack on financial fraud

Posted in 1 by fraudies on March 13, 2009

We agree that rules need to be in place and ways to reduce the risk.  Read more.