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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: fraud

fraud stories: 249 news summaries

61 - 80 of 249 Stories | << Prev 1 2 3 4 5 6 7 8 ... 13 Next >>

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Longtime Friend Testifies to Astor's Senility

Author Auchincloss told her son's lawyer she didn't recognize him

May 1, 09 12:24 PM CDT
(Newser) - A longtime friend of philanthropist Brooke Astor testified yesterday that her faculties were so deteriorated the last time he saw her that she did not recognize him, the New York Daily News reports. Author Louis Auchincloss said the encounter took place 2 years before Astor allegedly changed her will, awarding... More »

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fraud • trial • will • charity • inheritance • Brooke Astor • Anthony Marshall • Francis Morrissey • Louis Auchincloss

Dazed Astor Didn't Recognize Jesse Jackson: Witness 

Her son also convinced her she was going broke

Apr 29, 09 4:42 PM CDT
(Newser) - A decade before her death, Brooke Astor was so out of it that she couldn’t recognize Jesse Jackson, a prosecution witness testified today in the fraud trial against Astor’s son, the New York Daily News reports. Anthony Marshall’s defense rides on his mother’s mental state, with... More »

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fraud • Jesse Jackson • crime • New York • Manhattan • theft • will • charity • inheritance • Brooke Astor • Anthony Marshall

Son 'Manhandled Astor to Change Will': Prosecutor

Anthony Marshall exploited mom's dementia to funnel fortune to him, says prosecutor.

Apr 28, 09 5:13 AM CDT
(Newser) - Brooke Astor's son "dragged" his frail mom from her nurse's arms to a closed-door meeting about her will, which was immediately changed in his favor, according to the prosecutor at the heir's  fraud and grand larceny trial yesterday in New York. Anthony Marshall exploited his vulnerable mother's dementia to... More »

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fraud • crime • New York • Manhattan • theft • will • charity • inheritance • Brooke Astor • Anthony Marshall • grand larceny • society • heir • socialite

investigation

Dirty-Dealing Madoff Was a Clean Freak

Ponzi schemer a Luddite who crawled on all fours to align rugs

Apr 24, 09 2:01 PM CDT
(Newser) - "Neat freak" may be one of the more polite epithets used to describe Bernie Madoff, who comes off as an obsessive-compulsive nut in a Fortune profile by James Bandler and Nicholas Varchaver. In immaculately tailored suits, he dusted furniture and got down on hands and knees to straighten rugs.... More »

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fraud • SEC • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • cleanliness

(Newser) - Bernie Madoff's chief deputy is ready to talk, Fortune reports. Frank DiPascali is working out a deal with federal prosecutors in which he’ll name names and give details of how the massive Ponzi scheme operated. Among the surprises: No Madoff family members will be implicated, at least by DiPascali.... More »

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fraud • Ponzi scheme • Bernard Madoff • Frank DiPascali

20 Crime Probes Launched Into Bailout Fraud

Inspector calls TARP
'inherently vulnerable' to insider trading, abuse

Apr 21, 09 6:59 AM CDT
(Newser) - Federal authorities have begun 20 separate investigations into possible fraud, tax violations, insider trading, and other criminal activities surrounding Henry Paulson's $750 billion Troubled Asset Relief Program, reports the Los Angeles Times. It's only the first round of probes, according to the bailout program's inspector general, who called TARP "... More »

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fraud • insider trading • Henry Paulson • bailout • Inspector General • Troubled Asset Relief Program • Wall Street bailout • TARP • toxic assets

 Oprah's Not 
 Giving You $1M, 
 FBI Warns Marks 

Bogus email asks for cash payment to attend Oprah 'giveaway'

Apr 9, 09 2:05 AM CDT
(Newser) - The FBI has warned that Oprah Winfrey isn't really giving anybody $1 million, the Chicago Sun-Times reports. Scamsters have been sending people emails about a supposed "Oprah Winfrey Millionaire Contest Show." Recipients are told they have been nominated to attend a special show where the host will hand... More »

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television • online fraud • fraud • Oprah Winfrey • scam

Cuomo Charges Madoff Feeder With Fraud

Says 'investment guru' Merkin was really just 'master marketer'

Apr 6, 09 12:24 PM CDT
(Newser) - New York AG Andrew Cuomo has charged J. Ezra Merkin, a prominent New York philanthropist who funneled $2.4 billion into Bernie Madoff’s Ponzi scheme, with fraud, the Wall Street Journal reports. The complaint doesn’t accuse Merkin of knowing about the scheme. But it alleges that he... More »

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fraud • charity • nonprofit • Andrew Cuomo • Ponzi scheme • Bernard Madoff • Ezra Merkin

 Astor Trial Crawls 
 as Lawyers Squabble 

Would-be jurors plan for 3-month commitment

Apr 6, 09 11:25 AM CDT
(Newser) - As the second week of jury selection in the Brooke Astor trial began today, with potential jurors being asked if they can sit still for a 3-month trial, the judge upbraided the lawyers for bickering and grandstanding as if they never wanted it to end, the New York Times reports.... More »

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fraud • crime • trial • will • Brooke Astor • juror • Anthony Marshall • jury selection

(Newser) - While seizing Bernie Madoff's Palm Beach possessions yesterday, US Marshals got an eyeful of the fraudster's home furnishings, reports the Palm Beach Post. And they weren't impressed. "I've never seen so much bull in my life," said one deputy. "Pictures of bulls, bull statues, even bulls on... More »

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Florida • fraud • crime • bulls • Palm Beach • U.S. Marshals Service • Bernard Madoff • Bernard L. Madoff Investment Securities

 Feds Seize Madoff's Boats 

Yacht, motorboat part of his $823M fortune

Apr 1, 09 12:41 PM CDT
(Newser) - US Marshals seized two boats belonging to jailed schemer Bernie Madoff today, the AP reports. The vessels—a 55-foot yacht and a 24-foot motorboat that were docked at separate Florida marinas—were part of the $823 million in assets Madoff and his wife had accumulated by the end of last... More »

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fraud • crime • finance • Ponzi scheme • yachts • Bernard Madoff

Madoff Feeder Fund Charged With Fraud

Mass. complaint vs. Fairfield Greenwich is regulatory, not criminal

Apr 1, 09 9:55 AM CDT
(Newser) - Massachusetts regulators charged Fairfield Greenwich Group with fraud today, the Wall Street Journal reports, saying it failed in its fiduciary duties by funneling money into Bernard Madoff’s Ponzi scheme. Fairfield was one of Madoff’s top feeder funds, and there was a “profound disparity between the due diligence... More »

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fraud • Ponzi scheme • Bernard Madoff • Fairfield Greenwich Group

 McEnroe Helps Nab Art Dealer 


Mar 26, 09 7:04 PM CDT
(Newser) - A prominent art dealer arrested today and accused of running a sort of art-world Ponzi scheme made one crucial mistake—he got John McEnroe mad again. The tennis great with the legendary temper triggered the investigation after being duped out of $2 million by Lawrence Salander, the New York Daily ... More »

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fraud • New York City • art • Ponzi scheme • John McEnroe • Howard Stern Grid

(Newser) - A New York art dealer was charged today with stealing $88 million in investments and artwork in what may be an art-world Ponzi scheme, the Times reports. Investors and collectors say they entrusted Lawrence Salander with funds or artwork after the dealer promised hefty returns. In many cases, they were... More »

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fraud • New York • art • lawsuit • Old Masters • Ponzi scheme • art dealer

Investors Hire Gumshoes to Snoop on Fund Managers

Fraud schemes prove boon to private eyes

Mar 23, 09 4:24 PM CDT
(Newser) - Investors are increasingly hiring private investigators to dig up dirt on fund managers in hopes of avoiding the next Madoff-style fraud, Bloomberg reports. Background checks are expensive—depending on the firm, they may cost $1,000 per company or individual investigated—and can take weeks, but investors say they are... More »

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fraud • background check • private investigator • Ponzi scheme • investor • defrauding investors • background checks • Bernard Madoff • Bernard L. Madoff Investment Securities • Arthur Nadel

Congo Con Joins Madoff Victims' Chorus ... Sorta

Standard 'foreign investment' scam email made it past US Attorney's office

Mar 23, 09 3:13 PM CDT
(Newser) - The federal prosecutors collecting testimonials from victims of Bernard Madoff for the judge slated to sentence him don’t appear to have been too discerning, Josh Marshall reports for Talking Points Memo, after a standard-issue “African businessman” spam email made it into the pile. And though the promised $3.... More »

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fraud • email • spam • humor • sentencing • Ponzi scheme • Bernard Madoff

 Judge Denies 
 Madoff's Bail Appeal 

Fraudster will wait in jail until June sentencing

Mar 20, 09 11:17 AM CDT
(Newser) - A federal appeals court today denied Bernard Madoff’s request to be released on bail until his June sentencing date, the New York Daily News reports. “The defendant’s age and exposure to imprisonment are undisputed, and the court did not err in inferring an incentive to flee from... More »

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fraud • flight • prison • investors • bail • Ponzi scheme • Bernard Madoff

 Madoff Accountant Faces 
 105 Years for Fraud 

He signed off on false books for years: feds

Mar 18, 09 12:26 PM CDT
(Newser) - Bernard Madoff's longtime accountant has been arrested and charged with securities fraud in the $64 billion Ponzi scheme, the New York Post reports. David Friehling, 49, is accused of helping Madoff dupe his investors and the Securities and Exchange Commission by filing fake audits. Friehling allegedly received $186,000 annually... More »

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fraud • Ponzi scheme • Ruth Madoff • Bernard L. Madoff Investment Securities • Securities and Exchange Commission • David Friehling

 Lawyer: Send Madoff Home  


Mar 13, 09 3:38 PM CDT
(Newser) - Bernard Madoff's lawyers appeared in court today to ask that the confessed Ponzi schemer be returned to his $7 million penthouse to await June sentencing on fraud charges. Federal prosecutors must now file a response and await an appeals court ruling, meaning the 70-year-old felon will spend at least the... More »

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fraud • Ponzi scheme • Bernard Madoff • Bernard L. Madoff Investment Securities • Ira Sorkin • Denny Kim

Ponzi Victims Will Be
Tax Nightmare for IRS

Service expects to refund $7-$10 billion in taxes paid on fake income

Mar 13, 09 12:06 PM CDT
(Newser) - The work of fraudsters such as Bernie Madoff and R. Allen Stanford will complicate the IRS’ job as tens of the thousands of victims attempt to reclaim taxes paid on income that went up in smoke, Time reports. The IRS estimates that refunds due victims to Madoff alone could total... More »

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fraud • taxes • IRS • securities • Ponzi scheme • investment fund • tax refunds • Bill Maher Grid

61 - 80 of 249 Stories | << Prev 1 2 3 4 5 6 7 8 ... 13 Next >>


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