Latest Fraud Capers News:$787 billion dollars is an awful lot of money! Certainly enough to attract the most creative fraudsters! In fact, conventional wisdom estimates are that 7 pecent of government spending is lost to fraud, hence $55 billion from this program... FRAUD SPIKES IN RECESSION Time/CNN recently postulated that \"we are in a boom time for scams.\" Among the reasons cited were that middle management \"which are there to control misconduct or fraud\' have been eroded or removed. \"Also the slump may prompt fraudste... The Supreme Court has turned down an appeal by former Tyco CEO Dennis Kozlowski and CFO Mark Swartz challanging conviction for fraud and larceny involving more than $100 million. Both are serving prison terms of 8 1/3 to 2... On May 5, 2006, Invvestors Business Daily advised " the biggest mistake companies make is to think that it cannot happen to them." "A typical company loses 6 % of annual revenues to fraud according to the Association fo Certified Fraud Examiners. To ... 5 Percent of U.S Domestic Product is lost to fraud; the estimate of annual losses is $652 Million dollars. Three main catagories account for the losses; Asset misapprpriation. Corrruption and Fraudulant financel statements. Main causes of detection i... The U.S. Department of Justice through a press release dated July 19, 2006 announced that the Justice Department has permanetly bared Charles T. Kizer of Riverdale, California from acting as a federal tax preparer. The government suit aggelleged that... The New York State Supreme Court Appelet Division on October 24, 2006 dismissed assessor corruption for lack of standing, Systematic underassessment of properties belonging to bribe-paying owners resulted in the over-assessmen of all remaining proper... |