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NEWS
By BRIAN SULLAM | January 31, 1999
BY OPENING a telephone hot line to report "waste, fraud and abuse," Anne Arundel County Executive Janet S. Owens hopes to improve the management of government.I have no problem with county employees reporting their suspicions about wrongdoing. Who better would know if a fellow employee is stealing equipment, office supplies or money from the county till, or throwing a contract to an in-law?My concern is that by guaranteeing anonymity to the callers, the county investigators may be overwhelmed with useless information rather than useful tips on corruption.
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 27, 1996
RICHMOND -- Crestar Financial Corp. Chairman Richard G. Tilghman told shareholders yesterday that the huge fraud that has rocked a competing bank could not have happened at the company he runs.Mr. Tilghman said Crestar -- with assets of $18 billion -- has checks and balances that would have detected the fraud that has cost its neighbor, Signet Banking Corp., $81 million.Upon learning about the fraud, Mr. Tilghman said, "My first question to our chief credit officer was: 'What can you tell me to assure me that this would not happen to this institution?
NEWS
By Scott Higham and Scott Higham,SUN STAFF | February 7, 1997
The first member of an international Nigerian fraud ring to be sentenced in the case was rewarded this week for his cooperation with federal agents and prosecutors, which helped them piece together the complicated organization.Ehi Joseph Macaulay,31, who was based in Burbank, Calif., could have received as much as two years and three months in federal prison without the possibility of parole for conspiring to commit credit card fraud.Instead, prosecutors asked U.S. District Judge Catherine C. Blake in Baltimore on Wednesday to go easy on the Nigerian national and sentence him to 18 months in prison with the chance that he could serve some of that time under home detention.
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.
BUSINESS
By Kelly Gilbert and Kelly Gilbert,Evening Sun Staff | November 8, 1991
Robert Shulman, Bolar Pharmaceutical Inc.'s former president, chief executive and board chairman, has pleaded guilty to conspiracy, obstruction of justice and other charges tied to fraud in the company's generic-drug operation.First Assistant U.S. Attorney Gary P. Jordan said in U.S. District Court in Baltimore yesterday that Shulman also has agreed to plead guilty to an unspecified antitrust violation to be filed here soon by the U.S. Department of Justice.Lawrence G. McDade, assistant director of the Justice Department's consumer litigation office, told Judge John R. Hargrove yesterday that Shulman and Jacob H. "Jack" Rivers, Bolar's former executive vice president, masterminded the company's massive fraud to skirt federal procedures in the manufacture and sale of its highly profitable products for six years.
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 Orange County Register | April 9, 1993
SANTA ANA, Calif. -- It was a life of lies and not love, jurors concluded as they sided with an Orange County banker who sued his wife for marital fraud.The price tag for no passion: $242,000 for starters. A Santa Ana judge will decide Monday if Ronald Askew also should collect four pieces of property he and his estranged wife own.Ronald Askew sued his wife of 17 years for fraud, alleging that she lied when she said she loved him before their wedding day."If you're not going to be honest with each other, why get #F married?"
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
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."
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