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BUSINESS
By BLOOMBERG NEWS | December 4, 1999
NEW YORK -- The sentencing of Patrick Bennett, convicted of 42 fraud and money-laundering counts in what prosecutors called the nation's biggest Ponzi scheme, was postponed yesterday as a federal judge threatened to impose a longer jail term if Bennett does not reveal where the stolen money went.Prosecutors said thousands of small investors were cheated in the $700 million scheme by Bennett, 46, former chief financial officer of Syracuse, N.Y.-based Bennett Funding Group Inc.Long jail term possibleU.
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NEWS
By MATTHEW DOLAN and MATTHEW DOLAN,SUN REPORTER | August 10, 2006
Two Maryland Transit Administration police officers and a bus driver falsely reported their cars stolen, had them set on fire and collected the insurance money, according to a federal fraud indictment unsealed in Baltimore yesterday. Officer James Walthall, 40, of Randallstown has been charged in U.S. District Court with mail fraud and use of fire to commit mail fraud in connection with the alleged arson and insurance fraud scheme. He appeared in court yesterday afternoon and was released pending his next court date.
NEWS
By MICHAEL OLESKER | June 18, 2004
FIFTY-FIVE minutes into his opening statement in the Nathan Chapman fraud case, federal prosecutor Jefferson Gray's voice rose from its dreary monotone, thus nearly awakening several courtroom spectators from apparent narcoleptic stupor. But the moment passed, all remained slumberous, and Gray droned on a little longer. He used language that only occasionally bisected colloquial English. He had stirring phrases such as "adherence to provisions of documents." He said "fiduciary" a lot. A couple of jurors seemed to hang on for dear life, awaiting the arrival of a turn of phrase that sounded like the mother tongue.
BUSINESS
By Lorene Yue and Lorene Yue,Your Money | February 13, 2005
Lots of buyers and sellers have discovered the fun and profit of dealing with Internet auction sites. Unfortunately, so have plenty of crooks. Fraud represented 61 percent of the more than 635,000 consumer complaints received by the Federal Trade Commission last year. Fraud related to any type of Internet activity dominated, while problems specifically tied to Internet auctions (nondelivery, lower value than promised, delays) ranked highest among complaints. Experts recommend a thorough reference check before doing business with an unknown seller, avoiding wire transfer services for making payment and being leery of escrow services suggested by the seller.
BUSINESS
By BLOOMBERG NEWS | January 26, 2005
BIRMINGHAM, Ala. - HealthSouth Corp. founder and fired chief executive Richard M. Scrushy was a "cunning" and "hands-on leader" who directed a $2.7 billion accounting fraud and enriched himself as he fooled investors, a prosecutor told jurors yesterday at the start of Scrushy's fraud trial. "You're going to hear evidence that Richard Scrushy knew about the conspiracy, that he participated in the conspiracy and that he profited from the conspiracy," U.S. Attorney Alice H. Martin told jurors in her opening statement.
NEWS
By BOSTON GLOBE | October 29, 1996
CAMBRIDGE, Mass. -- Nobel laureate David Baltimore, his career ravaged by a decade-long scientific fraud case that was only recently judged baseless, called yesterday for major changes in the way government and academia pursue alleged misconduct and blasted "self-appointed fraud police" who presume scientists are guilty until proven innocent.In his first extended public comments on the case, Baltimore, a Massachusetts Institute of Technology professor of immunology and molecular biology, also had harsh words for his critics, calling them "scurrilous," "pernicious," "bulldogs" and "out of control."
BUSINESS
By THE DENVER POST | March 16, 2005
The Securities and Exchange Commission sued 12 former Qwest Communications International Inc. executives - including one-time chief executive officer Joseph P. Nacchio - yesterday for allegedly inflating the company's financial performance and misleading investors. The SEC described Qwest under Nacchio as "a culture of fear" with subordinates desperate to meet his demands to hit revenue targets. The SEC accused the executives of a "massive financial fraud" that caused Qwest to record about $3 billion in false revenue and helped inflate its stock to cinch its 2000 merger with U S West, a regional phone company.
NEWS
August 22, 1997
A Baltimore company has agreed to pay $50,000 to settle a fraud claim that it improperly dumped contaminated waste into the city's sewers, the U.S. attorney's office said yesterday.The company, Clean America, had a contract to dispose of waste water contaminated by fire-fighting foam used to douse jet fuel fires after tests at the Randle Cliff Research Laboratory in Chesapeake Beach.Instead of shipping the waste to a facility in Delaware, prosecutors say the company instead decided to dump it down city sewer drains.
NEWS
By Tricia Bishop, The Baltimore Sun | March 29, 2011
A 66-year-old Millersville man pleaded guilty to wire fraud Tuesday and admitted to lying about his military experience and academic credentials to obtain teaching and training jobs from 1998 to 2010, the Maryland U.S. Attorney's Office announced. William G. Hillar claimed to be a retired U.S. Army Special forces colonel who served in countries all over the world learning techniques for "tactical counter-terrorism, explosive ordnance, emergency medicine and psychological warfare.
BUSINESS
By Marcia Myers and Marcia Myers,STAFF WRITER | October 21, 1995
The president of Wye River Inc., the Eastern Shore-based marketer of seafood seasonings and other products, was charged yesterday with defrauding the Food Lion grocery chain of more than $300,000.Beginning in 1988 and continuing until August 1993, Joseph L. Bernard III overcharged the grocery chain by listing inflated prices on invoices, according to federal prosecutors.The company produces and markets seasonings for crabs, plus other products such as crab soup, tartar sauce and seafood cocktail sauce.
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