Cingular Wireless files suit against a company involved in the H-P pretexting case

On Friday, Cingular Wireless filed a lawsuit against CAS Agency Inc. in U.S.District Court in Atlanta. Cingular claims that the company fraudulently accessed the records of one of its cutomers during the [tag]investigation [/tag]of the Hewlitt-Packard board of directors information leak. Specifically, Cingular says CAS Agency illegally accessed the records of CNET reporter Dawn Kawamoto, … Read more Cingular Wireless files suit against a company involved in the H-P pretexting case

Enron Executive Sentenced to Prison

Andrew Fastow, former CFO of Enron, was sentenced to six years in federal prison today. Following his prison term, Fastow is required to serve two years of full-time community service.

Fastow reached a plea deal in early 2004, in which he agreed to plead guilty to two counts of conspiracy to commit fraud. That deal included a recommended prison sentence of 10 years, but Judge Kenneth Hoyt had discretion to sentence him to less time.

Read moreEnron Executive Sentenced to Prison

Milwaukee Alderman Proposes Allowing Himself to Carry a Gun

Milwaukee Alderman Michael McGee (Jackson) has drafted an ordinance to allowed all alderman to be designated Peace Officers, and allow them to carry guns. This would include himself. Recall that McGee/Jackson is without a driver’s license, due to the fact that license #1 was revoked because of an unresolved traffic incident. License #2 was revoked … Read more Milwaukee Alderman Proposes Allowing Himself to Carry a Gun

Scam Busting: The Development of Charles Ponzi’s Pyramid Scheme

Ponzi demonstrated to himself that he could achieve astronomical profits with the postal reply coupons, a far better return on investment than interest paid by the banks or profits created in the stock market.

His investment pitch included the mention of the International Reply Coupons, as he was depending upon the legitimacy of the U.S. Postal Service to bolster his image. However, Ponzi was careful not to give away too many details of his plan, lest potential investors would become skeptical or steal his idea and start companies of their own.

Read moreScam Busting: The Development of Charles Ponzi’s Pyramid Scheme

A Tour of New Orleans and the Damage Left by Hurricane Katrina

On Friday, I took a tour of New Orleans. Specifically, we took the Hurricane Katrina tour offered by Grayline Tours. Before I went to New Orleans, I was told by several people that the devastation is at a level that you cannot even imagine. That pictures and video footage cannot fully convey the damage.They were right.

It was amazing to see the buildings heavily damaged, and not even cleaned up or repaired at all in the last year. We saw water lines on many buildings, which showed exactly how high the water went. If you were lucky, it was only a few feet. If you were like most, it went up between six and twelve feet.

Read moreA Tour of New Orleans and the Damage Left by Hurricane Katrina

Painter Thomas Kinkade is being investigated for fraud

Allegations of [tag]fraud[/tag] have been raised against “Painter of Light” Thomas Kinkade and his executives. The allegations that they induced investors to open art galleries and then ruined them financially are being investigated by the FBI. To date, at least six former Thomas Kinkade Signature Gallery owners have filed civil suits against Kinkade. They claim … Read more Painter Thomas Kinkade is being investigated for fraud

Scam Busting: Charles Ponzi and the early days of his pyramid scheme

Charles Ponzi was born Carlo Ponzi, the only child of a family that lived comfortably in Italy. Although they had a comfortable life, they never lived up to the affluence Ponzi later bragged about. His family did have enough to send him to college, but he squandered the money and never received a degree. Ashamed … Read more Scam Busting: Charles Ponzi and the early days of his pyramid scheme

Dog the Bounty Hunter arrested

Famed bounty hunter Duane “Dog” Chapman was arrested last week on federal charges of illegal detention and conspiracy in an alleged kidnapping three years ago. Also arrested were his son Leland Chapman and his brother Tim Chapman. The Chapmans are well-known for their A&E show, “[tag]Dog the Bounty Hunter[/tag]”. The arrest is related to Dog’s … Read more Dog the Bounty Hunter arrested

The Carnival of Business is here!

Welcome to this week’s [tag]Carnival of Business[/tag]. Hopefully, you’re viewing this entry in your Firefox browser. Businesses are always looking for ways to improve: how to have purpose, how to be more profitable, how to be better corporate citizens, and how to stay in contact with customers. [tag]Philanthropy[/tag] is one way for companies to be … Read more The Carnival of Business is here!

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