fraud
FDA fighting increasing food fraud
An estimated 5 to 7 percent of the U.S. food supply is affected by food fraud, according to John Spink, an expert on food and packaging fraud at Michigan State University. An article in The Washington Post details how the Food and Drug Administrat...
A Florida language school helped foreign nationals illegally obtain student visas without ever attending classes. F1 visa requirements stipulate full-time study, according to the laws enacted after the Sept. 11 terrorist attacks.
Bernard Madoff's brother, sons subject of criminal tax-fraud cases: WSJ
The brother and sons of imprisoned swindler Bernard Madoff are the subject of criminal tax-fraud cases by federal prosecutors in Manhattan, the Wall Street Journal reported, citing people familiar with the matter.
New York Councilman Charged With Money Laundering
City Councilman Larry B. Seabrook, a fixture in Bronx Democratic politics for more than two decades, was charged on Tuesday with money laundering, extortion and fraud in a series of schemes that included helping a close associate win a contract to...
California Fund Manager Sentenced in Fraud Scheme
The founder and manager of two Beverly Hills hedge funds has been sentenced to more than 10 years in federal prison for cheating investors out of more than $25 million.
FDA Warns Against Con Artists Posing as Agents
The U.S. Food and Drug Administration (FDA) is warning consumers to be wary of criminals posing as FDA special agents and other law enforcement officials in an international scheme to extort money. The criminals primarily target consumers who have...
China Finds Huge Fraud by Officials
SHANGHAI — Chinese officials misused or embezzled about $35 billion in government money in the first 11 months of the year, according to a national audit released this week.
Former NY Fund Manager Pleads Guilty to Fraud Charges
NEW YORK -- Former hedge-fund manager James Nicholson on Friday admitted to running a four-year Ponzi scheme that prosecutors say cost investors at least $150 million.
Obama Administration To Form Financial Fraud Task Force
The Obama administration announced Tuesday the formation of an interagency task force to combat financial fraud.
Madoff Accountant Pleads Guilty To Fraud
David Friehling, the former accountant to convicted Ponzi-scheme operator Bernard Madoff, pleaded guilty to fraud and other charges Tuesday in connection with his auditing work for Madoff's firm, but he denied knowing about the underlying Ponzi sc...