Advertisement
HomeCollectionsFraud
IN THE NEWS

Fraud

NEWS
By Kate Shatzkin and Kate Shatzkin,SUN STAFF | September 28, 1996
A Potomac psychiatrist who billed Medicaid for hours of therapy he didn't provide pleaded guilty yesterday to Medicaid fraud, agreeing to serve a three-month sentence and pay nearly $300,000 to the Medicaid program.Manouchehr Sadri, 53, who practiced principally in Prince George's County, claimed to Medicaid and insurance companies that he had conducted more 50-minute sessions than there are hours in the day, according to a memorandum submitted by the Medicaid fraud control unit of the Maryland Attorney General's office.
Advertisement
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 Bill Atkinson and Bill Atkinson,SUN STAFF | January 18, 2003
John M. Rusnak, the Allfirst Financial Inc. currency trader who lost $691 million in one of the biggest banking fraud scandals in history, was ordered yesterday to spend 7 1/2 years in prison in what the judge described as one of the stiffest white-collar crime sentences handed down in Maryland. Rusnak, 38, who pleaded guilty to one count of bank fraud three months ago, will begin serving his sentence Feb. 18 at the Federal Correctional Institution at Fort Dix, N.J. He was also ordered to serve five years of supervised release after completing his prison term, which will require him to report regularly to a probation officer and be evaluated for substance abuse and gambling.
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 NEW YORK TIMES NEWS SERVICE | April 25, 2003
JOHANNESBURG, South Africa - Winnie Madikizela-Mandela, the former wife of Nelson Mandela who was once exalted as the "Mother of the Nation," was convicted of dozens of charges of theft and fraud yesterday. Madikizela-Mandela, 66, considered one of the most powerful figures in this country's fight against apartheid, could be sentenced to 15 years in jail on 43 counts of fraud and 25 counts of theft. A business associate, Andy Moolman, was found guilty of 58 charges of fraud and 25 of theft.
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.
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."
NEWS
By Gail Gibson and Gail Gibson,SUN STAFF | August 17, 2002
After escaping prosecution for more than two decades by using threats of voodoo against potential witnesses, a woman who authorities said had a hand in the deaths of three lovers was convicted yesterday of fraudulently collecting the victims' life insurance benefits. Josephine Virginia Gray, 55, of Upper Marlboro was found guilty on eight counts of mail and wire fraud by a federal jury in U.S. District Court in Greenbelt. Prosecutors said she collected $165,000 in insurance money after two husbands were shot to death in Montgomery County and a young boyfriend was found dead in Baltimore.
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.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.