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October 11, 2008 5:40:30 PM CDT

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Stories related to: fraud

Stories

Stories 1 - 20 of 86

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  • September 2008

    • As Foreclosures Rise, Fraud Cases Balloon

      MSNBC  |  Sep 22, 08 1:03 PM CDT

      As Foreclosures Rise, Fraud Cases Balloon

      (Newser) - Running parallel with spiking foreclosure rates, so-called “foreclosure rescue scams” have reached epic proportions, and many state and local agencies aren't equipped to fight back, MSNBC reports. Companies that promise to help floundering property owners keep their homes and avoid the stigma of foreclosure are instead milking them for tens of thousands of dollars, and further damaging their credit scores. More »

      Tags

      crime  • foreclosure  • fraud  • mortgage  • banks  • eviction  • equity  • equity stripper

    • Cox Has Neutered SEC's Watchdog Role

      Portfolio  |  Sep 17, 08 4:37 PM CDT

      Cox Has Neutered SEC's Watchdog Role

      (Newser) - Under chairman Christopher Cox, the US Securities and Exchange Commission has drastically reduced the power of its enforcement division, Portfolio reports. Cox was brought in to “chill it out” after his predecessor was perhaps too zealous for White House tastes. Congress chided Cox for essentially turning down more funding, and penalties against offenders last year were a third of those in 2005, when Cox took office. More »

    • Passport Frauds Used Identities of Deceased

      San Francisco Chronicle  |  Sep 17, 08 3:32 PM CDT

      Passport Frauds Used Identities of Deceased

      (Newser) - More than 100 people stole the identities of dead people to cover up their immigration status, military desertion or drunken-driving convictions, federal authorities say after an investigation called “Operation Deathmatch.” Some of the accused even hid their true selves from spouses and children, and had been using the identities for decades, the San Francisco Chronicle reports. More »

      Tags

      California  • FBI  • fraud  • illegal immigrant  • identity theft

    • S. African Court Throws Out Zuma Graft Case

      Mail & Guardian (South Africa)  |  Sep 12, 08 8:30 AM CDT

      S. African Court Throws Out Zuma Graft Case

      (Newser) - A South African court has thrown out a corruption case against Jacob Zuma, effectively clearing the way for him to become president next year. The judge ruled that the charges—including 12 counts of fraud, four of corruption, and one each of racketeering and money laundering—were invalid because he was not given the opportunity to respond before his indictment. He also said that Zuma seemed to be the victim of a political prosecution, reports the Mail & Guardian . More »

    • Hathaway's Ex Cops a Plea

      Reuters  |  Sep 10, 08 1:22 PM CDT

      Hathaway's Ex Cops a Plea

      (Newser) - Wearing prison attire, Raffaelo Follieri pleaded guilty today to 14 federal counts of fraud and money laundering, Reuters reports. "I knew what I was doing was wrong," actress Anne Hathaway's ex said as he admitted misrepresenting his ties to the Vatican and using investors' money to fund his high-rolling lifestyle. He faces 20 years in prison, but the plea deal, which averts a trial, will likely lessen that. More »

      Tags

      fraud  • Vatican  • court  • Ron Burkle  • Anne Hathaway  • Raffaello Follieri

    • Hathaway's Ex Considers Copping Plea

      Wall Street Journal  |  Sep 9, 08 10:31 AM CDT

      Hathaway's Ex Considers Copping Plea

      (Newser) - Italian entrepreneur Raffaello Follieri may plead guilty as soon as today to fraud and money-laundering, the Wall Street Journal reports. Anne Hathaway's ex could still opt for a trial. He faces federal charges that carry a sentence of up to 5 years, even with the plea deal, but the government's case is hardly airtight: the main victim of his scam, celebrity billionaire Ron Burkle, has already settled his civil suit against Follieri. More »

    • Scientology Facing Trial for Fraud in France

      BBC  |  Sep 8, 08 1:02 PM CDT

      Scientology Facing Trial for Fraud in France

      (Newser) - An imminent court case could lead to the Church of Scientology being banned in France, the BBC reports, with the controversial sect being accused of organized fraud by a former congregant. The woman claims she was suckered by the offer of a free personality test, and wound up spending more than $28,000 on books, illegally prescribed drugs, and other supplies. More »

      Tags

      France  • fraud  • Scientologists  • Church of Scientology

    • Feds Charge Brokers in $1B Subprime Fraud

      Associated Press  |  Sep 3, 08 12:33 PM CDT

      Feds Charge Brokers in $1B Subprime Fraud

      (AP) - Federal regulators today charged two Wall Street brokers with defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. The Securities and Exchange Commission alleges the Credit Suisse Securities employees led corporate customers to believe that securities being purchased in their accounts were backed by federally guaranteed student loans; in reality, they were backed by risky subprime debt. More »

      Tags

      subprime crisis  • fraud  • Credit Suisse  • white collar crime

  • August 2008

    • Hackers Spread Coupon Scam

      Seattle Times  |  Aug 27, 08 5:40 PM CDT

      Hackers Spread Coupon Scam

      (Newser) - An online coupon scam could cost manufacturers millions, and years, to clean up, the Seattle Times reports. A California company says coupons it created as part of a marketing pitch were hacked and distributed across the internet. The firm responded by canceling all coupons related to the scheme, embarrassing even those customers who had legitimate ones. More »

      Tags

      Facebook  • fraud  • scam  • online crime  • retailers

    • Medicare Fudged Fraud Figures: Report

      New York Times  |  Aug 21, 08 8:50 AM CDT

      Medicare Fudged Fraud Figures: Report

      (Newser) - Medicare's boasts of having reduced fraud by billions are misleading, a draft report obtained by the New York Times finds. Auditors were told to ignore procedures that would have accurately measured fraudulent claims for medical equipment, the draft report says.   Proper methods would have revealed an estimated $2.8 billion in fraud in 2006, instead of the $700 million reported to Congress. More »

      Tags

      corruption  • fraud  • health insurance  • Medicare  • Medicaid

    • CEO Arrested in Plan to Use Homeless in Medicare Scam

      Associated Press  |  Aug 6, 08 5:30 PM CDT

      CEO Arrested in Plan to Use Homeless in Medicare Scam

      (Newser) - The CEO of a Los Angeles hospital was arrested today for defrauding Medicare by using the city’s homeless to fill empty beds, the AP reports. The FBI says Rudra Sabaratnam, of City of Angels hospital, recruited the homeless in a scheme to charge for unnecessary health services and keep the funds. The FBI also arrested the operator of a skid-row shelter. More »

      Tags

      health care  • fraud  • hospital  • homeless  • spending  • kickbacks  • billing

  • July 2008

    • Doctors Fume Over Website Selling Fake Sick Notes

      Australia's News Network  |  Jul 31, 08 5:14 PM CDT

      Doctors Fume Over Website Selling Fake Sick Notes

      (Newser) - In an Internet version of a classic schoolboy trick, a website is peddling fake doctors' notes to Australians looking to get some paid time off, reports news.com.au. The $40 certificates have infuriated the medical community, which wants the police to step in. Two backpackers reportedly set up the site to make money for their travels, and they insist the certificates are for novelty use only. More »

      Tags

      Australia  • medicine  • fraud  • doctor  • Britain  • illness  • employee

    • Feds Confiscate Hathaway's Diaries

      New York Daily News  |  Jul 24, 08 12:54 PM CDT

      Feds Confiscate Hathaway's Diaries

      (Newser) - Anne Hathaway could be drawn into the scandal surrounding her ex-boyfriend. The FBI has seized the actress’ diaries, looking for evidence in the