Approximately 150 federal and state law enforcement agents launched a massive raid on one of the biggest perpetrators of government fraud in America: The Scooter Store.
Discovered: It's not quite an invisibility cloak, but it's a start; men are more likely to commit scientific fraud; multitasking causes more mistakes; Davos looks for "X factors" of the future.
As arrests mount in the Olympus accounting fraud scandal — the FBI took a Singaporean banker into custody today — Michael Woodford, the former CEO of the Japanese optics giant who blew the whistle discusses with The Atlantic Wire how nearly a billion dollars disappeared and the true hero who brought the scheme to light.
There's a new criminal trend spreading across America and it's producing billions of dollars in profits for the people smart enough to pull it off. People are filing fake tax returns and collecting the checks.
When MaryAnn Nellis tried to pay for groceries on April 14, her credit card was declined. Later, she said, she found out why: Her credit card company, Capital One, had flagged an earlier purchase as potentially fraudulent. The problem? A $5 donation to Friends of Scott Walker, the Wisconsin governor's campaign committee, Nellis said.
CNN reports that the government has arrested 100 people in another huge health care fraud bust, and based on previous instances of this kind, there are bound to be some scandalous tidbits forthcoming.
She may not have risen to Bernie Madoff's level, but with Kinde Durkee's guilty plea Friday she's grabbed the title of California's biggest campaign finance fraudster.
The notion that Afghan shooting suspect Staff Sgt. Robert Bales had troubles at home has been vaguely espoused since last week, but on Tuesday the exact nature of at least some of his domestic woes became clearer: Bales owes millions for a fraud settlement and two underwater homes.
Italian police have confiscated around $6 trillion of counterfeit U.S. Treasury Bonds on Friday, a number equal to almost half of the entire U.S. debt.
Just in case you needed a couple more reasons to delete that Nigerian email scam in your inbox, how about about possible kidnapping and the stinging international embarrassment for falling for the scam?
It may not sound like it, but the news of someone declining to meet with the FBI might actually mean progress in finding that $1.2 billion dollars.
The Securities and Exchange Commission brought civil fraud charges against six former senior executives at Fannie Mae and Freddie Mac Friday, alleging that the employees understated the amount of subprime loans the mortgage giants held at the peak of the financial crisis.
Proving that $1.2 billion is actually really difficult to find, the Justice Department and news outlets are clinging to testimony from a fourth-hand witness saying that Jon Corzine knows where that MF Global money went.
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