Fraud
Big-Time N.Y. Lawyer Marc Dreier Gets 20 Years For Massive Fraud: Prosecution Asked for 145 Years
Well, Dreier’s attorney thought he should only get 10 to 12.5 years in prison. He got more. Then again, the prosecution wanted him to get a Madoff-like sentence of 145 years. Either way, here’s another guy who lived the good life and is now off to live a very bad life. By The Associated Press…
FBI Dir. Mueller Says Stimulus Plan Vulnerable to Fraud
There is no question the stimulus package will be a haven for scammers. The package includes a weatherization program , which allows homes to become more energy efficient. That one will open the door for crooks involved in mortgage fraud. It won’t be pretty. By Thom Weidlich Bloomberg NEW YORK — FBI Director Robert Mueller…
Fed and State Prosecutors Preparing For Surge of Financial Fraud Cases
We knew mortgage fraud in this country had spun out of control and we certainly remember Enron. But Bernie Madoff was a signal that fraud in this nation was so pervasive that more needed to be done. The public is demanding it and it looks like the fed and state prosecutors are starting to respond….
Senate Dems Push for More Money For FBI to Fight Fraud
With the shift of resources to terrorism, the FBI has fallen far short of its mission in dealing with all types of fraud, including mortgage fraud. This added money could help. By PAUL SHUKOVSKY Seattle P-I Senate Democrats, mindful that the FBI lacks resources to adequately address the nation’s mortgage meltdown, are pushing a measure…
Pittsburgh FBI Agent Tells of His Stint in Afghanistan to Crack Down on Contractor Fraud
Jeff Killeen is just one of the many FBI agents who have played an increasing roll in the world for the U.S. in the post-9/11 era. He went there to help crack down on fraud committed by U.S. and Afghani contractors. By Torsten Ove Pittsburgh Post-Gazette PITTSBURGH — Home from what he calls the “wilds”…
More Stock Fraud Going Undetected in Bush Years
As the country worried about terrorist attacks, the Bush adminstration seemed to take its eye off of Wall Street. The result: Fraud and more fraud and people losing life savings. By ERIC LICHTBLAU New York Times WASHINGTON – Federal officials are bringing far fewer prosecutions as a result of fraudulent stock schemes than they did…