fraud

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CEO Arrested in Plan to Use Homeless in Medicare Scam

Scheme recruited LA's skid row denizens to bilk feds for unnecessary service fees

(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...

Doctors Fume Over Website Selling Fake Sick Notes

Australian physicians want it shut down

(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...

Feds Confiscate Hathaway's Diaries
Feds Confiscate Hathaway's Diaries
Jul 24, 2008 12:54 PM CDT

Feds Confiscate Hathaway's Diaries

Actress could be drawn into fraud case against ex-boyfriend

(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 fraud investigation against Raffaello Follieri. They also confiscated personal photos of the pair, along with other documents, a Tiffany clock, watches, and an antique Bible. Hathaway hasn’...

Invisible Ink, Hidden Numbers Help Fuzzy Accounting

SEC complaint shows CFO used printouts to fool auditors

(Newser) - Sometimes high-stakes fraud doesn’t have to be high-tech. The former chief financial officer at a company now called Voyager Learning allegedly cooked the company's books by entering figures as white text on white background—the equivalent of invisible ink, Adam Jones notes in a Financial Times blog.

Canoe Con Man, Wife Get 6 Years for Fake Death

Jury didn't buy her 'coercion' defense in insurance scam

(Newser) - John Darwin didn’t force his wife to help fake his death, a jury ruled today, convicting Anne Darwin on 15 counts of deception and money laundering before the two were each sentenced to 6 years in prison for their $500,000 insurance scheme. Anne’s “marital coercion” defense,...

Cruise Ship Art Dealer Faces Class Action

Promising deals, gallery sold works at grossly inflated prices

(Newser) - Park West Gallery in Southfield, Mich., claims to be "the world's largest art dealer," flogging more works than the major auction houses through its sales on half a dozen cruise lines. But while the onboard auctions promise "good investments," the New York Times reports that Park...

Israel to Proceed Directly to Jail
Israel to Proceed Directly to Jail
UPDATED
Jul 3, 2008 1:50 PM CDT

Israel to Proceed Directly to Jail

Fugitive banker loses $500K bail, could get 10 years tacked on 20-year sentence

(Newser) - A federal judge in New York ordered white-collar fugitive Samuel Israel to start serving his 20-year fraud sentence immediately, the Wall Street Journal reports, and ruled that his $500,000 bail be forfeited. "My hope is it will be applied to the resources taxpayers incurred to find Mr. Israel,...

Israel to Judge: I Did Attempt Suicide

Painless or not, hedge-fund scammer couldn't off himself

(Newser) - A hedge-fund cheat who faked his death to try to dodge a 20-year prison sentence has told a judge that he did actually try to commit suicide this week. Samuel Israel appeared in Manhattan federal court today for a new charge that could get him an extra 10 years.

US Surfers Get Biggest Bite of Spam

McAfee experiment reveals how quickly e-junk proliferates and other fun stuff

(Newser) - Internet users in the US get the most spam, security-software firm McAfee finds after a study. McAfee gave 50 people across 10 developed countries laptops and instructed them to sign up for as much stuff on the internet as possible, and to reply to every spam message. The resulting volume...

High-Rolling Hathaway Ex Charged With Fraud

Raffaelo Follieri said to use Vatican in scam, which ensnared billionaire Burkle, others

(Newser) - Actress Anne Hathaway’s ex-boyfriend was charged today with defrauding investors of millions with a real-estate scheme in which Raffaello Follieri claimed intimate connections with the Vatican, the Smoking Gun reports. Billionaire Ron Burkle appears to be the "principal investor" scammed by Follieri, 29, who used Burkle’s money...

Medicare Fraud Runs Rampant
 Medicare Fraud Runs Rampant 
Jun 13, 2008 1:34 PM CDT

Medicare Fraud Runs Rampant

Most claims are filled automatically

(Newser) - Health care fraud is rampant, especially in South Florida and the LA area, and surprisingly easy to pull off, reports the Washington Post. The 11-digit annual price tag could be smaller if investigators focused more on the fact that Medicare, for example, is "highly vulnerable" to scam artists and...

With No Body, Cops Doubt NY Banker's Suicide

'He's dead as far as I can throw him,' skeptic says of fraudster

(Newser) - An international manhunt is now under way for a former hedge-fund manager who disappeared the day he was to begin serving a prison sentence for defrauding investors. A car belonging to Samuel Israel III was found Monday at a bridge over New York's Hudson River, the Wall Street Journal reports;...

Hedge Fund Fraud Missing; Suicide Possible

Car on NY bridge belonged to exec due yesterday in prison

(Newser) - Police aren't ruling out suicide as a New York hedge-fund manager due to begin serving a 20-year prison term yesterday remains missing, the Wall Street Journal reports. Police found Samuel Israel's car parked near a bridge over the Hudson, with “Suicide is painless” written in dust on the hood.

Surfers Beware: Danger Could Lurk at .hk, .cn

Those domains most likely to house ill intent, security study finds

(Newser) - A study by antivirus software firm McAfee warns Web surfers to be cautious of sites on certain domains, the AP reports, with corner-cutting registration companies often skipping security precautions. The domains .hk, .cn and .info were found to be riskiest.

Half of Philly ID-Theft Couple Pleads Guilty

Modern 'Bonnie and Clyde' stole $116K for trips and big buys

(Newser) - The male half of the couple labeled the Bonnie and Clyde of identity theft pleaded guilty yesterday to scams worth some $116,000, the Philadelphia Inquirer reports. Edward Anderton, 25, and his girlfriend, Jocelyn Kirsch, 22, used the money for big purchases and vacations. He faces 5 years in prison.

Boy-Band Brain Gets 25 Years for Fraud

Pearlman gets max for scamming investors, banks out of $300M

(Newser) - Lou Pearlman, the honcho behind the Backstreet Boys and 'N Sync, was sentenced yesterday to the maximum of 25 years in federal prison for masterminding a decades-long scam that bilked thousands of investors out of some $300 million, the AP reports. "The sympathy factor just doesn't run very high...

SEC Charges Ex-AOL Execs With Fraud
SEC Charges Ex-AOL Execs With Fraud
May 20, 2008 9:42 AM CDT

SEC Charges Ex-AOL Execs With Fraud

Alleges they inflated revenue during merger with Time Warner

(Newser) - The Securities & Exchange Commission has filed civil fraud charges against eight former AOL executives for allegedly inflating AOL's advertising revenues before its merger with Time Warner, the Wall Street Journal reports. The men are accused of giving firms money to buy ads on AOL that they didn't want or...

Woman Indicted in MySpace Suicide Case

Under fake persona, she teased girl who then killed herself

(Newser) - A Missouri woman has been indicted in the case of a teenage girl who killed herself after receiving cruel messages on MySpace, the AP reports. The woman, Lori Drew, is charged with pretending to be a teenage boy on the site and having a helper taunt the 13-year-old victim. Drew...

Man Tries to Cash $360B Check
 Man Tries to Cash $360B Check 
May 1, 2008 2:39 PM CDT

Man Tries to Cash $360B Check

21-year-old says girlfriend's mother gave him the money

(Newser) - A 21-year-old Texas man has been busted for attempting to deposit a $360 billion check, the Fort Worth Star-Telegram reports, stolen from his girlfriend's mother for, he claimed, the purpose of starting his own record label. Suspicious of the sum, the bank called the check’s owner. Arriving police found...

Schultz Sues to Keep Sonics in Seattle

Starbucks CEO offers email proof of new owner's duplicity

(Newser) - Howard Schultz filed a suit yesterday seeking to reverse the sale of the SuperSonics to Oklahoma-based investor Clay Bennett. The Starbucks CEO and former Sonics owner cites email evidence that Bennett's ultimate goal was always to bring a basketball team to his hometown. The lawsuit asks the court to void...

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