Bel Air manager pleads guilty to $370K embezzlement scheme - Baltimore buzz | Examiner.com

Bel Air manager pleads guilty to $370K embezzlement scheme - Baltimore buzz | Examiner.com: "Timothy C. Kany, Sr., age 49, of Bel Air, Md. pleaded guilty yesterday to mail fraud arising from a scheme to embezzle over $370,000 from his employer.
The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
According to Kany’s guilty plea, K-Line America was the American subsidiary of a multinational corporation specializing in international ocean cargo transportation. K-Line was headquartered in Richmond, Virginia, and had an office at 3600 O’Donnell Street in Baltimore.
Kany was the manager of K-Line’s Baltimore office from 2000 to August 13, 2009, where he oversaw the office’s daily business and approved invoices submitted by K-Line’s vendors for payment."

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Vt high school coach accused of embezzlement

Vt high school coach accused of embezzlement: "Police say a Vermont high school football coach has been accused of embezzlement after money he collected for players' sweatshirts ended up in his bank account.Forty-eight-year-old Steve LaLonde of Bennington is scheduled to be arraigned Tuesday.
Detective Sgt. David Rowland tells the Bennington Banner players didn't receive the sweatshirts. Mount Anthony Union High School Athletics Director Tim Brown eventually contacted police.
Police noticed that $1,725 raised was in LaLonde's account, instead of a school activities account. Rowland said the money was wired in two installments to a location in Texas to pay LaLonde's rent. Rowland says LaLonde has since returned most of the money.
LaLonde said Saturday he didn't have an attorney and declined to comment further."

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Open Door's ex-chief indicted - CharlotteObserver.com

Open Door's ex-chief indicted - CharlotteObserver.com: "federal grand jury has charged Ed Payton with embezzling more than $145,000 from Mecklenburg Open Door, the publicly funded mental health contractor he once led.
Payton characterized the money he received from Open Door as loans or advances. But in reality, the grand jury said Wednesday, for 31/2 years he was 'simply embezzling money from MOD.'
While the former executive director said he intended to repay the loans, he reimbursed Open Door for 'barely 25% of these unauthorized payments' before the nonprofit's board confronted him in May, the indictment said."

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Embezzle charge for Newport Grand security head - Boston.com

Embezzle charge for Newport Grand security head - Boston.com: "head of security at the Newport Grand Slot parlor has pleaded no contest to a misdemeanor charge of embezzling for taking $59 in unclaimed lottery winnings.
Vincent D. Soboleski, of Bristol, entered the plea in Newport District Court on Tuesday. The charge was filed, meaning it will be removed from his record after one year if he stays out of trouble.
The 59-year-old Soboleski, a retired Warren police officer, was also ordered to make restitution."

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Former Koss exec gets 11 years for embezzlement

Former Koss exec gets 11 years for embezzlement: "A former Koss Corp. executive who pleaded guilty to embezzling $34 million from the Milwaukee headphones maker was sentenced Wednesday to 11 years in federal prison.
Sujata 'Sue' Sachdeva, the company's former vice president of finance, had pleaded guilty to using company funds to pay her personal bills for clothes, jewelry and other lavish items. The six felony fraud counts carried a maximum penalty of 120 years, although federal guidelines called for a sentence near the range of 16 to 20 years.
U.S. District Judge Lynn Adelman said he granted Sachdeva a degree of leniency because she cooperated with investigators from the very day FBI agents came to her home in 2009. Her 'acceptance of responsibility and the genuineness of her remorse' were compelling factors, Adelman said."

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Report blasts "pervasive fraud" in hiring at Probation Department - The Boston Globe

Report blasts "pervasive fraud" in hiring at Probation Department - The Boston Globe: "The state's highest court, armed with a special counsel's report that details widespread 'abuse and systemic corruption'' in the state's Probation Department, said today the senior court officials will move to fire Probation Commissioner John J. O'Brien, suspend several of his top deputies and forward the report to prosecutors for potential criminal investigation.
The Supreme Judicial Court's stunning announcement came as the court unsealed a devastating report from an independent counsel that concluded that O'Brien and other probation leaders 'committed pervasive fraud against the Commonwealth' for years, creating a phony hiring process to hide the systematic funneling of hundreds of jobs to politically-connected candidates.
The independent counsel, Paul F. Ware Jr., called for the immediate dismissal of O'Brien and some deputy commissioners for 'abuse and systemic corruption,' and said that the group are 'potential targets' for prosecution."

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Ex-Zachry employees charged with mail fraud | San Antonio Business Journal

Ex-Zachry employees charged with mail fraud | San Antonio Business Journal: "federal grand jury in San Antonio indicted eight individuals for allegedly bilking Zachry Industrial Inc. out of millions of dollars through a mail fraud scheme.
Federal prosecutors claim the conspiracy resulted in Zachry being charged for construction supplies that were never received. Four Zachry employees are accused of taking kickbacks, while the other employees worked for a company out of Houston.
An indictment is only a formal accusation of a crime and not an admission of guilt."

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Birmingham pastor admits immigration fraud - West Midlands News - News - Birmingham Post

Birmingham pastor admits immigration fraud - West Midlands News - News - Birmingham Post: "A Birmingham pastor forged documents in a bid to help foreign nationals enter the UK illegally and prevent others from being deported, it has been revealed.
David Morrison, a pastor at the Word Life Centre, in Newtown, admitted forging documents and offering unqualified immigration advice.
He acted as a sponsor for several foreign nationals, representing their cases at Immigration Appeal Tribunals even though he was not legally registered to do so."

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BankAtlantic Liable for Stock Fraud, Jury Concludes - Bloomberg

BankAtlantic Liable for Stock Fraud, Jury Concludes - Bloomberg: "BankAtlantic Bancorp Inc. executives misled shareholders about the riskiness of the bank’s real- estate-loan portfolio during 2007’s economic decline, a Miami jury ruled in a stock-fraud case filed by investors.
Jurors in federal court deliberated about three days before finding today that BankAtlantic officials ignored lending guidelines in approving land-development loans and then misrepresented problems with those deals in press conferences and conference calls. The panel ordered BankAtlantic to pay $2.41 a share in damages to investors, who had sought as much as $3.52 a share.
“The jurors did not hesitate to hold the defendants accountable for having made false and misleading statements about the risky loans,” said Mark Arisohn, an attorney for the plaintiffs. “It was important for shareholders to be vindicated.”"

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FBI Arrests 2 Longtime Employees in Madoff Fraud - ABC News

FBI Arrests 2 Longtime Employees in Madoff Fraud - ABC News: "Two members of imprisoned financier Bernard Madoff's inner circle were arrested on charges of helping to conceal the largest financial fraud in history, U.S. prosecutors said on Thursday.
The indictments of former employees Jo Ann 'Jodi' Crupi, 49, and Annette Bongiorno, 62, brings to eight the number of people criminally charged since the December 2008 revelation of Madoff's multibillion-dollar decades-long fraud.
Manhattan U.S. Attorney Preet Bharara hinted at more arrests and criminal charges in the case, which shook investor confidence in market regulators who missed Madoff's epic swindle despite repeated warnings.
'Together with our law enforcement partners at the FBI and Internal Revenue Service, we will press on with this investigation, which remains very much ongoing,' he said.
Madoff, 72, is serving a 150-year prison sentence after pleading guilty in March 2009. He insisted he acted alone.
A court-appointed trustee has sued Madoff's brother, wife, two sons and a niece over allegations they should have known about the massive Ponzi scheme"

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Some real estate brokers accused or convicted of fraud still licensed in California - KansasCity.com

Some real estate brokers accused or convicted of fraud still licensed in California - KansasCity.com: "In February 2009, Sacramento-area mortgage broker Christopher Jared Warren was caught trying to cross from Canada into the United States with four ounces of platinum and $70,000 hidden in his shoes.
The arrest made nationwide news, and Warren became yet another face of greed and alleged criminality in the mortgage finance business.
You'd never know that, however, if you were to check with the California Department of Real Estate. Warren, whose fraud trial is ongoing, is still a licensed broker and has no disciplinary action on his record with the department, which promotes its online licensing database as a tool for consumers to make sure they're dealing with reputable professionals.
This is not an isolated case. The Sacramento Bee found dozens of real estate professionals - people who have been charged with real estate-related crimes or sued by the state for fraud- related misdeeds, or who have pleaded guilty to such wrongdoing - who are still licensed and have no notations, flags or disciplinary sanctions listed on their records with the Department of Real Estate. This means they are authorized to sell homes and originate mortgage loans."

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Deliberations in fraud case of charter jet company charged in Teterboro Airport crash enter third day | NJ.com

Deliberations in fraud case of charter jet company charged in Teterboro Airport crash enter third day | NJ.com: "Jurors in the federal fraud trial of the co-founders of a Florida-based charter jet company are scheduled to begin their third day of deliberations today.
Brothers Michael and Paul Brassington were indicted last year and accused of running illegal commercial charters and skirting safety requirements. Prosecutors also say they and their company, Platinum Jet Management of Fort Lauderdale falsified documents to hide the fact they were overloading their planes with cheap fuel.
The now-defunct company's clients included film and music celebrities. Some paid as much as $85,000 for flights.
One of their planes crashed at Teterboro Airport in 2005, injuring 20 people and prompting an investigation into the company"

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British Financial Firms Ordered to Record Work Cellphones - NYTimes.com

British Financial Firms Ordered to Record Work Cellphones - NYTimes.com: "Investment bankers and traders in Britain will have their mobile phone conversations recorded in the latest step by the country’s financial regulator to crack down on insider trading and market abuse.
Britain is the only European country to explicitly require the taping of business cellphone calls. Add to Portfolio
Go to your Portfolio »The Financial Services Authority, Britain’s financial watchdog, said Thursday that under new rules, effective next November, all financial services firms will be required to record any relevant communication by employees on their work cellphones."

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Russia opens fraud case over Mercedes purchases | Reuters

Russia opens fraud case over Mercedes purchases | Reuters: "Russian prosecutors said on Friday they had opened a criminal case into suspected fraud connected to purchases by state agencies of Mercedes-Benz cars from the Russian subsidiary of Germany's Daimler AG.
Daimler paid $185 million in April to settle allegations it had violated U.S. anti-bribery laws by giving state officials in countries including Russia money and gifts to win contracts.
The Daimler investigation is seen by anti-graft campaigners as a test case for President Dmitry Medvedev, who has repeatedly vowed to crank up the fight against rampant corruption, but analysts say there have been few results."

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Expo 2010: Brokers “must beware fraud or be struck off”

Expo 2010: Brokers “must beware fraud or be struck off”: "Brokers have been warned that there will be no second chances if they are found to be colluding with a client to commit mortgage fraud in any way. John Malone, executive chairman of PMS, told attendees of the Mortgage Business Expo that cracking down on mortgage fraud is a key priority for lenders, the FSA and the Metropolitan police, because it has become so rife within the industry and is funding serious criminal activity.
Fraud across all sectors costs the country £30bn per year.
Malone said that something as simple as telling a lender that they have met a client face-to-face when they have not could see a broker kicked out the mortgage business."

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Solicitor among Belfast fraud ring accused - Northern Ireland, Local & National - Belfasttelegraph.co.uk

Solicitor among Belfast fraud ring accused - Northern Ireland, Local & National - Belfasttelegraph.co.uk: "A solicitor appeared in court with her brother and sister yesterday after a major probe into alleged fraud, money laundering and sham marriages.
A fourth suspect, a former director of the well-known Red Panda Chinese restaurant and property group, also faces a litany of charges after a year-long police probe into their financial affairs.
He is a relative by marriage of the other three accused.
The accused are Ho Ling Mo (38), of Oakwood Park; Wu Pu Paul Mo (40), from Strathyre Park; Ling Sui Mo (44) and her husband Yau Hon Cheung (50), both of Garvey Manor, all of Belfast.
Ho Ling Mo faces charges including acquiring, converting and transferring nearly £300,000 in criminal property.
She is also accused of false accounting, fraud by false representation, four counts of assisting unlawful immigration by organising a sham marriage, cheating the public revenue, and conspiracy to conceal criminal property.
It was alleged that she owns a number of properties and has amassed more than HK$2m (£160,000) in bank accounts.
A detective opposed to bail told Belfast Magistrates Court that she was in the process of securing remortgages and could “start her life afresh in China”.
He claimed there was a risk of interfering with witnesses."

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The Euro is dead. Conceived in fraud and perpetuated by deceit

Wall Street Journal: U.S, China and E.U The Euro is dead. Conceived in fraud and perpetuated by deceit: "The Euro is dead. Conceived in fraud and perpetuated by deceit, the Euro's demise is only a matter of time as investors and holders of the Euro lose confidence and flee from the Euro.
Like Greece, Spain, Portugal, Italy, and Ireland were admitted into the Euro Zone after knowingly submitting fraudulent fiscal reports. Subsequently, these countries went on a spending spree knowing the 'party' will ultimately end with stronger nations such as Germany or France facing the bills.

With the bills now due, the once lauded tight-wad conservative German central bankers surrendered to the easy seduction of the printing press instead of fiscal responsibility. As the German has capituated, so has the future of the Euro. Stop buyingeuropean and Chinese products to keep the jobs in U.S. I have made a mission no to buy products from EU or China.
If you pay just a little more and buy quality made USA products, not only does that keep the jobs in America but that dollar stays in America.
The American worker who made that product…then goes down the street to do business in town and spends his dollar….where the American who received that dollar then spends that dollar around the corner ect.

That dollar just keeps going around to support America. If you buyEuropean or Chinese, that Dollar is gone from the country and then WE borrow it back from the Chinese and pay interest on it. Who is running the show here? We Are according to the mid term elections….Our politicians need to promote American products and the people of American need to start buying American so we can rebuild our battered economy. Start the movement people, it is all up to YOU!"

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The uk is a surveillance society - The Inquirer

The uk is a surveillance society - The Inquirer: "ACCORDING TO THE UK'S toothless privacy watchdog, the Information Commissioner's Office (ICO), the UK is a surveillance society that needs improved legislative scrutiny.
Information commissioner Christopher Graham released his report on the state of surveillance to the Home Affairs Select Committee of Parliament this week, and said that it is very important that we have laws that do not unintentionally harm privacy.
It must be nice for Graham to get a chance to criticise something since he has been on the other end of some strong complaints himself. Most notably over the failure of his organisation to do anything to sanction Google after it stole personal email and login data while altruistically creating its roadside photo database, Street View.
So, Graham swung his wet paper bag denting punches in the direction of future legislation by cautioning the government against backing laws that could be used for action outside of their intended purpose. *Cough*, the DEA anyone?
'Technological and societal developments have proceeded and the risks to individual privacy remain real. Further safeguards are still required and require further protection,' he said."

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