fraud

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Banker's Unsolved Murder Gets Much Stranger

Bloomberg looks into unsolved case of Maurice Spagnoletti

(Newser) - In 2011, a New Jersey transplant named Maurice Spagnoletti was gunned down in Puerto Rico while driving home from work. The murder, which remains unsolved, made international headlines given Spagnoletti's work: He was a 57-year-old bank executive who was trying to turn around the failing Doral Bank in San... More »

Workers Con Time Clock With Boxes Over Heads

So many employees in Italian town have been arrested they may have to close town hall

(Newser) - A good percentage of 30 town hall workers in Boscotrecase, Italy, located just outside Naples, have absenteeism issues, with some resorting to ridiculous measures to game the time-clock system by signing in, then leaving, or even punching each other's cards. But while cops recently arrested more than two-thirds of... More »

'Jesus Wife' Tale Takes a Turn for the Bizarre

Harvard prof backtracks after learning of shady pornographer's central role

(Newser) - The question of whether Jesus was married became a hot topic in academic circles when a papyrus fragment surfaced in which he's quoted as talking about his wife. A Harvard professor was convinced enough to present an academic paper on the subject, though skeptics abounded about the fragment's... More »

Lawsuit: CEO Used $1M in Funds on Escorts, Strip Clubs

Chris Faulkner allegedly charged it to his 'whore card'

(Newser) - A Texas energy company CEO dubbed the "frack master" is charged with defrauding investors of about $80 million, including misappropriating at least $30 million for personal expenses, including private jets and gentlemen's clubs, to "maintain a lifestyle of decadence and debauchery," according to a lawsuit filed... More »

'Dodgy' College Admits Everyone, Fails No One: Report

BuzzFeed probes Northwestern Polytechnic University

(Newser) - The building on the edge of Silicon Valley looks like a DMV. And yet, it's a college—sort of. Based on interviews with current and former students and staff and "more than a thousand pages of bank statements, emails, and student records," BuzzFeed reports that Northwestern Polytechnic... More »

Alanis Morissette: My Ex-Manager Stole $5M

He claims it went into marijuana grow-ops: suit

(Newser) - Alanis Morissette has had to swallow a jagged little pill: The Canadian singer says she was robbed of almost $5 million. The alleged culprit? Her former business manager to the stars. In a lawsuit filed Tuesday, Morissette says she fired Jonathan Schwartz of GSO Business Management—whose clients have reportedly... More »

'Blind Man' Getting Disability Caught Driving Around

John Caltabiano was collecting benefits

(Newser) - John Caltabiano was collecting disability benefits for a 2006 workplace accident that he said left him blind when investigators caught him on video reading, driving, and holding a door open for someone, ABC News reports. The 49-year-old New York man had said in his benefits application that he couldn't... More »

Panama Papers Name Americans Accused of Fraud

Seems Mossack Fonseca failed to vet its clients

(Newser) - The Panama Papers database went online Monday and revealed the names of over 360,000 people and companies involved in offshore companies—including 36 Americans accused of financial wrongdoing, USA Today reports. Among them is Leonard Gotshalk, a former Atlanta Falcons offensive tackle who was accused in 2010 by federal... More »

'Horror Dentist' Learns His Fate

Jacobus van Nierop sentenced to 8 years in jail

(Newser) - France's " horror dentist " won't get close to a patient's teeth again. Dutchman Jacobus van Nierop, 51, was convicted of aggravated assault and fraud in the French town of Nevers on Tuesday, banned from practicing dentistry, sentenced to eight years in jail, and fined $11,900,... More »

How Instagram Posts Can Doom the Super-Rich

Investigators use social media against them

(Newser) - Need to track down a millionaire's hidden assets? Try hiring an investigator to scour social media accounts in the person's family—because photos of yachts, Facebook "likes," and geo-tags are becoming valuable evidence in up to 75% of such cases, the Guardian reports. "You can... More »

Grad Loses Case Against 'Misleading' Law School

Jury votes 9-3 against Anna Alaburda

(Newser) - A split jury Thursday decided the case of Anna Alaburda versus the Thomas Jefferson School of Law, and it came down on the side of the school, the San Diego Union-Tribune reports. Alaburda, 37, sued the nonprofit California school in 2011, claiming it fudged post-graduation employment numbers. She said those... More »

Woman Dealt Diseased Body Parts in Grisly Case

Her estranged husband will stand trial in April

(Newser) - A Detroit woman faces up to 10 months in prison for fraud after admitting to renting diseased body parts to researchers. Elizabeth Rathburn, 56—to be sentenced in July—also must pay $55,225 to the American Anesthesiology Association, whose researchers were told the body parts were clean, reports the... More »

This Simple Scam Has Cost Businesses $2B in 2 Years

'It's easy; all you need is a computer'

(Newser) - International scammers are successfully tricking businesses into wiring them as much $90 million at a time, and the problem is getting worse, the Financial Times reports. In a scam known as "business email crime" or "CEO fraud," criminals impersonate the email account of a business's CEO... More »

High-Profile Cancer Patient Allegedly Faked It

For a whole decade, apparently, per Tracy Dart's family

(Newser) - A cancer awareness advocate and fundraiser known as the unofficial mayor of West Seattle and who for the past decade has branded herself as a cancer patient and survivor may have faked her illness the entire time, KOMO reports. A rep from Susan G. Komen headquarters in Dallas confirmed the... More »

Wife: Husband Secretly Divorced Me 20 Years Ago

Cristina Carta Villa, 59, files suit against her husband

(Newser) - While some marriages end in divorce, this one apparently essentially started with it. New York wife Cristina Carta Villa, 59, claims that husband Gabriel Villa secretly divorced her right after they married 20 years ago in an effort to retain his assets, the New York Post reports. Now she's... More »

Claims of Fraud Could Get Student Loans Forgiven

More than 7.5K former students say their colleges defrauded them

(Newser) - Over the past six months, more than 7,500 Americans have applied to have their cumulative $164 million in student loans forgiven, claiming their colleges defrauded them, the Wall Street Journal reports. And as Gawker clarifies: "We are not talking here about the stereotypical 'Oberlin art history major... More »

Law Grads Win 'Historic' Court Date Against School

Students accuse California school of fraud over employment stats

(Newser) - Thomas Jefferson School of Law in San Diego is often listed pretty far down the national rankings, with relatively low LSAT scores and a 46% bar passage rate, reports the Daily Caller . And the post-graduation employment rate may be even lower than the 60% the school advertises, which prompted 2008... More »

RHONJ Star Teresa Giudice Heads Home From Prison

Husband Joe is up next to serve his time behind bars

(Newser) - Looks like Teresa Giudice's attorney wasn't far off the mark after predicting in January she'd be released early, "sometime in early December." The 43-year-old Real Housewives of New Jersey star was released from Connecticut's Federal Correctional Institution in Danbury just after 5am Wednesday after... More »

Martin Shkreli Calls Fraud Charges 'Baseless'

He tweets he will 'prevail'

(Newser) - Pharmaceutical company executive and Internet villain Martin Shkreli says fraud allegations against him are "baseless and without merit." Shkreli tweeted Saturday: "I am confident I will prevail." The 32-year-old former hedge fund manager pleaded not guilty Thursday in Brooklyn federal court and was released on $5... More »

'Ruthless' Debt Collectors Accused of $31M Fraud

NY firm accused of bullying, threatening victims

(Newser) - More than a dozen employees of a Buffalo, NY, firm are accused of lying to, threatening, and bullying thousands of people across the US in what officials say is the biggest debt-collection fraud ever prosecuted. Some 15 employees of Four Star Resolution have been charged with fraudulently collecting $31 million,... More »

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