Brian Hines and his sister, Charmaine Hines, have been charged with stealing Red Cross debit cards that were meant to go to Hurricane Katrina evacuees. A Red Cross employee researching missing debit cards came across one debit card loaded with $4,695, which corresponded to a card number on a piece of paper in the possession … Read more Stealing Red Cross debit cards
Say it isn’t so! The maker of my all-time favorite ice cream suffers a fraud at the hands of its CFO? The ex-CFO of Ben & Jerry’s Homemade Inc., Stuart “Mickey” Wiles pleaded guilty to wire fraud for embezzling $300,000 from the company. He had company checks issued for things such as charitable contributions and … Read more Not Ben & Jerry’s!!!
In 2002, Xerox set a record, receiving the largest SEC fine up to that point – $10 million. The new record is now held by WorldCom, which received a fine of $750 million. Other companies that have received 6-digit fines include Royal Dutch/Shell Group, Qwest Communications International, AOL-Time Warner, and Computer Associates International. Thanks CFO … Read more Breaking records with SEC fines
Lee Jones, the former dean of graduate studies at the University of Wisconsin – Whitewater “improperly used” over $50,000 on a group he founded called Brothers of the Academy. The spending was discovered during an audit. The audit report says that Mr. Jones broke university policies on credit card expenditures, but that the spending wasn’t … Read more Wisconsin Fraud: UW-Whitewater dean “improperly uses” $50,000