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fraud

James D Levitt is 66 years old and facing serious jail time. Aside from his latest conviction, he's behind on payments on a prior criminal conviction in respect of which he still owed more than USD400,000.

CoNet Section: 

Hong Kong's Independent Commission Against Corruption has charged a number of people with a range of offences alleged to have been committed against insurance companies.

BIScom Subsection: 

Desiree Brown, the former treasurer of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), has pleaded guilty to conspiring to commit bank, wire and securities fraud for her role in a more than USD1,900 million fraud scheme that contributed to the failures of Colonial Bank and TBW.

A former director of Australian company Streetwise has been jailed for 8 1/2 years by a Sydney court for making fraudulent representations in support of applications for loans to his companies and fraudulently obtaining investments.

BIScom Subsection: 

A barrister, charged by Hong Kong's Independent Commission Against Corruption (ICAC), was today (Tuesday) sentenced to one year's imprisonment at the District Court for attempting to steal more than HK$30,000 from two foreign clients by claiming that the sums would be used for hiring a Queen's Counsel (QC) for them.

CoNet Section: 

A lawyer in Orange County, California, has pleaded guilty to the misappropriation of more than USD 2 million awarded to claimants in a class action suit.

CoNet Section: 

The Hong Kong Monetary Authority has identified a website which it says is fraudulent and a fake of a real bank's online presence. Of itself, that's not especially rare. But this one is different: the name of the site is in Chinese characters and there aren't very many of them around.

BIScom Subsection: 

David B. Stocker, a lawyer in Phoenix, Arizona, pleaded guilty on11 March 11, 2009, in U.S. District Court in Alexandria, Virginia., for his participation in a stock manipulation conspiracy known as a "pump-and-dump" scheme. On 12 March 2010 (yes, a year later) Stocker has been sentenced.

BIScom Subsection: 

Van Brink, the architect of the fraud that was First International Bank of Grenada, World Investors' Stock Exchange and International Deposit Indemnity Corporation, has resurfaced with a Walter Mitty style interview in a Ugandan newspaper

The latest plan to restructure the balance sheets of Japanese banks, overburdened with "non-performing loans," is bound to lead to fraud and corruption, says leading counter-money laundering strategist Nigel Morris-Cotterill, Head, The Anti Money Laundering Network.

From World Money Laundering Report Vol. 2. No. 1 published 22 January 2000

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