Blog
Michael and Angela Smallman
Michael Smallman and his wife Angela were found guilty in a 16Million British Pound fraud. Michael was convicted of fraudulent trading while Angela was convicted of money laundering in a case where 80,000 college students believed that they were attending an...
Parmalat
A New Jersey jury found that Parmalat, the Italian food and dairy company, had defrauded CitiGroup and awarded the bank $364.2 million in damages write Eric Dash of NYtimes.com. You can read the rest of his article at nytimes.com
Jocelyn Kirsch and Edward Anderton
"Kirsch, 23, and Anderton acknowledged stealing the identities of up to 16 friends and neighbors in the Philadelphia area in 2006 and 2007 to net more than $116,000 in goods and services." reports abc news. The two apparently used the proceeds to fund exotic...
HerbalKing
Yesterday, the Federal Trade Commission shut down HerbalKing, a multinational spamming gang. It is reported that at one point HerbalKing was responsible for up to one-third of all spam messages received. The spammers are currently being investigated and their finances...
Anthony Cuti and William Tennant
Cuti and Tennant of Duane Reade, a chain of drugstores, were charged with securities fraud, making false entries in books and records and making false statements to the Securities and Exchange Commission and auditors. If found guilty both are looking at up to 20 years...
Andres Pimstein
Andres Pimstein, a UM business school graduate, has confessed to operating the ponzi scheme where he used funds from new investors to payback old investors. The full CNN.com article can be read here.
Heinrich Kieber
One of my favorite stories yet. Banking Scandal Unfolds Like a Thriller. He is selling fleecer's names to governments around the world for an unknown amount of money. Liechtenstein Police, via European Pressphoto Agency
WexTrust Capital Owners Charged in $100 Million Fraud
vosizneias.com Steven Byers and Joseph Shereshevsky are being charged with diverting at least $100M of investments to repay old investors in what is know as a Ponzi scheme. Mr. Shereshevsky, the agency said, is a convicted felon who pleaded guilty to bank fraud in...