Carnival of Fraud #5
This week’s Carnival of Fraud features blogs that are dedicated to the topic fraud and scams.
Rachel Dollar of Mortgage Fraud Blog discusses a Georgia lawyer who pleaded guilty to conspiracy to commit mortgage fraud. In his scheme, he purchased 4 condominiums and represented to the loan company that the cash out of the deal was to be used for renovations. The cash was NOT going to be used that way, but suprisingly enough, the lawyer said the company doing the renovations was named The Fabricators Inc. Quite a fabrication, eh?
The White Collar Crime Prof Blog discusses a civil action filed by the SEC against RenaissanceRe Holdings. The SEC alleges that executives of the company engaged in two sham transactions that were intended to “smooth” earnings between 2001 and 2003. The two transactions helped RenaissanceRe complete a round-trip of cash.
Corrine Investigations blogs about finding information on people after an affair has gone bad. Wow! Imagine needing a private investigator to help figure out if a child is yours!
I accidentally ran across a blog that may (or may not) have something to do with fraud. But I thought it was interesting, so I wanted to mention The Angry Customer Expert. I love the name and I think it gives them a lot of marketing options. I would love to see a more eye-catching and eye-pleasing website, though.
The Click Fraud Blog announces a new initiative called the Click Quality Council, to help advertisers share info on what’s happening in the world of pay-per-click advertising.
Brandon Peele of Generative Transformation has posted a review of the book Freakonomics. It’s a popular book, but he mentions that some parts of the book are not profound. I don’t think this really has anything to do with fraud, but Brandon submitted it for inclusion, and I thought his review was interesting enough to include.
Tucker Ronzetti of The Fraud Blog discusses his experience with fraud and his PayPal account. Lucky for him, PayPal was on the ball and called him to inquire about a transaction.
And finally, in one of the most famous fraud cases in history, Andrew Fastow, the former CFO of Enron, was sentenced to six years in prison last week.
Tags: Carnival of Fraud, fraud, scams, Mortgage Fraud, White Collar Crime, SEC, private investigator, Click Fraud, Fraud Blog
