69 auditors have been charged by the Securities and Exchange Commission with issuing audit reports on the financial statements of public companies without first registering with the Public Company Accounting Oversight Board. The SEC has named 37 unregistered audit firms […]
Another fraud busted by Barry Minkow, this one a pyramid scheme called MX Factors. The head of MX Factors was charged with federal crimes initially uncovered by Minkow and his Fraud Discovery Institute. Current target of an informal SEC investigation, […]
On Monday, the U.S. Department of Justice announced that Aventis Pharmaceuticals (now known as sanofi-aventis U.S. Inc. and sanofi-aventis U.S. LLC.) paid the United States and several individual states over $190 million to settle allegations of false Medicare claims and […]
According to the Financial Times, the Securities and Exchange Commission has been working to create four groups that will focus on fraud. The groups include one for hedge funds and insider trading, one for stock options backdating, and one for […]
Just take a look on this beauty of a penthouse in New York that costs more than $70,000,000! read more | digg story
The Internet retailer has spammed and abused Wikipedia once too often. Now nobody can edit from Overstock.com IP addresses. read more | digg story
In today’s post entitled Advice from a convicted felon: How the government investigates and prosecutes white collar criminal cases, Sam Antar gives us an education on how the federal government goes after the “fish” in a criminal case. And Sam […]
I’m not sure what you call it when a psychic commits fraud. Some would say that all “psychics” are frauds. Sylvia Browne is supposedly one of the world’s best psychics, but this story by CNN from January shows differently.
Apple via iTunes could be offering movie rentals. The new iTunes has options for requesting a refund due to non-delivery of rental movies or have accidental purchase, poor content quality, duplicate purchase, wrong version, bad metadata, and “other” problems relating […]
