Carnival of Fraud 22
Welcome to week 22 of the Carnival of Fraud!!!
Howtowheelchair.com discusses a former miner receiving disability payments as he was supposedly unable to work because of a back injury, yet the man was busy running marathons. The man has received a 10 month prison sentence for his fraud.
Last week Stock Market Beat posted an article criticizing Xerox’s earnings reports. This week, he posts a lengthy response from one of Xerox’s employees.
Tick Marks mentions the IRS’s increased conviction rate for tax fraud prosecutions. (Did you know that I do criminal tax fraud defense work?)
Trusted Advisor reminds us that we have to move beyond the idea of “fairness” when thinking about the topic of trust.
Weboma.com discusses the concept of Adsense Arbitrage, a supposed way to make lots of money with Google ads. (By the way, they say it doesn’t work.)
Sox First discusses the idea that fraud is most likely to occur in relatively good times. He says that the link between fraud and good times gets stronger as monitoring costs decrease, and that fraud peaks towards the end of a boom and is then revealed in the bust that follows.
Career Ramblings offers up some tips for keeping your credit report clean and increasing your credit rating.
This week I highlighted an article I wrote for the Wisconsin Law Journal. In order to stop employees from stealing, we need to think like them. The article examines the three pieces of every fraud.
That’s it for this week’s edition. Get in your submissions for next week!
Thank you for the link. It was a great experience submitting to your Carnival!
Just read the latest carnival, and I have a bone to pick with the “Sox First” article of “fraud most likely occurring in good times.” What about bad times, like Hurricane Katrina (or any other weather event), the Depression era, and the last big stock market slide? Hucksterism and shady contracting go on no matter WHAT time it is–good or bad. And what about those people who forge things like checks and other documents? That, too, goes on in all kinds of times–good or bad.
I say it’s DEMAND, not ECONOMIC TIMES, that drives fraud. It’s the flip-side of opportunity and the shadiest part of the “underground economy” in action.