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Disgraced cyclist Landis subject of fraud investigation
2012-04-28 02:52:00 SAN DIEGO (Reuters) - Bicyclist Floyd Landis, stripped of his 2006 Tour de France win after testing positive for testosterone, is the subject of a federal investigation into a $450,000 defense fund he created and later abandoned, a legal source said on Friday.
Andrew Cuomo and the Incredible Industry-Wide Mortgage Fraud Investigation
2009-12-11 03:37:00 In early December, after days of deliberation, an Albany jury delivered corruption convictions to Joseph L. Bruno, New York State’s former Senate majority leader. On their way to finding Joe guilty of two federal felony charges the jury requested extensive read-backs and clarifications. Joe’s crony cozy deals were aired and re-aired. How often do New ...
Eagle Mountain Mortgage Fraud Investigation Targets Mayoral Candidate
2007-10-18 16:44:00 Get ready for a wide range of mortgage fraud reports as the Utah housing market begins its slowdown. The latest person to get entangled is Eagle Mountain mayoral candidate Richard Culbertson who is also a real estate agent...or was.The Daily Herald has the scoop -"Culbertson forged signatures, falsified loan papers and used a straw buyer in equity skimming scheme," said state officials in a media statement. "According to the Division of Real Estate's investigation, Culbertson admitted to using a 'straw buyer' (i.e., using a false identity or the identity of another person) to purchase a home for his personal residence. He also admitted using a straw buyer to purchase other properties at artificially inflated values in order to obtain money in excess of the sales price and acquire cash at closing for his personal benefit."This investigation was conducted by the Utah Division of Real Estate which licenses mortgage brokers, appraisers and real estate agents. After their investigatio...
Donors Want Fraud Investigation of Jena Six Parents
2007-10-01 10:21:00 The latest death toll figures from Hurricane Katrina can be seen on this website here. The hard to find Russian neo-Nazi beheading video taking the net by storm is on this blog here.After it was announced that the Jena Six were going to be tried on adult charges and faced 20 years in prison, the families requested donations for their legal defense. $400,000 quickly poured in. Turns out the lawyers agreed later to take the case pro bono.The parents blew the money on a brand new jaguar and BMW and the one of the Jena Six, Robert Bailey, Jr., posted pictures of himself on MySpace with $100 bills in his mouth. The page was quickly taken down, but not before the photos were captured and turned into videos. The video can be seen on this blog here.Now word has come out that some of those who donated money want an audit to be done on the money they sent to the defense fund. And some of them are also requesting that law enforcement open a fraud investigation into what happened to the money.S...
By: Robert Lindsay
Forensic Accounting and Fraud Investigation for Non-Experts
2007-04-16 00:57:00 Forensic Accounting and Fraud Investigation for Non-Experts by Howard Silverstone, Michael Sheetz A reference for every business professional, Forensic Accounting and Fraud Investigation for Non-Experts, Second Edition is a necessary tool for those interested in understanding how financial fraud occurs and what to do when you find or suspect it within your organization. With comprehensive coverage, it provides insightful advice on where an organization is most susceptible to fraud.
By: Executive Fraud
Fraud Investigation: Secondary Evidence
2007-03-13 21:45:00 When are Photocopies Acceptable in Fraud Cases? In all cases the court must establish that the original document existed and that the copy is genuine. In the following situations the evidence is permissible: 1. Original no longer exists but it was of no intent or fault of the partying attempting to introduce the evidence. 2. Original has not been provided by the other party or the document is outside the juridiction of the subpoena. 3. Original has already been filed and is currently in the custody of a public office. 4. Original document is too large for an appropriate examination in court and a summary copy would be more acceptable for the courts needs.
By: Executive Fraud
Fraud Investigation: Theft Investigative Methods
2007-03-08 15:36:03 1. Surveillance This method is legal if they do not invade a person's reasonable expectation of privacy. It is better to consult legal council and/or the HR department in order to predict the likely events. Surveillance can be done either stationary/fixed point or moving/trailing. When using both methods it is important to keep a detailed record of all the activities (date, position, time, etc). Trailing has great rewards but has the danger of being caught leading to a higher failure rate. Electronic surveillance may be done by law enforcement using wire-tapping and video cameras. 2. Covert/Undercover Operations These operations can be time consuming and costly so should only be used when: Large scale collusive fraud, other methods fail, solid predication, secretive in nature, and it complies with the laws of the organization. When an appropriate amount of information is collected it is necessary to inform the authorities. 3. Invigilation Detailed records should be maintain...
By: Executive Fraud
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