Invest wisely by learning from the errors of others Calgary Herald Investors can also call the ASC at 1-877-355-4488 to find the enforcement history of the seller of an investment. “No one is immune to investment fraud ,” … and more

Your weekly ScamWatch Los Angeles Times (blog) … Federal Trade Commission and other agencies warn consumers to avoid investments that sound too good to be true. Recycler denies fraud charges: A San …

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Your weekly ScamWatch – Los Angeles Times (blog)

Staying ahead of fraud : Recession scams you should know about Daily Comet The urge to do it now is always a sign of a scam . n Check credentials with the local Better Business Bureau. You can do this by using www. … Planet Antares Scam Solutions Provides Tips to Avoid Scholarship Scams PR-CANADA.net (press release) all 3 news articles

Lawyers and Settlements Securities Fraud Stings Delaware Woman for Over $300000 Lawyers and Settlements When the promised return on her investment didn't materialize, the victim reached out to others whom she supposed had also lost money in the venture. … and more

West Mifflin man sentenced for investment scam Pittsburgh Post Gazette A resident of West Mifflin has been sentenced in federal court to 46 months in prison for his conviction for a fraudulent investment scheme. …

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West Mifflin man sentenced for investment scam – Pittsburgh Post Gazette

HQ Bank faces criminal investigation over fraud The Swedish Wire The Swedish Economic Crime Authority has launched a criminal investigation into suspected accounting crimes and fraud at troubled investment bank HQ Bank, … and more

Niche-Market Madoff Duped Law Enforcement Agencies in Ponzi With a Twist Bloomberg Research has shown that males between the ages of 55 and 64 — the bulk of McLeod's client list — are the most typical investment – fraud victims, … and more

Guilty Plea in $535 Million Ponzi Scams Courthouse News Service SHERMAN, Texas (CN) – A Dallas man pleaded guilty to conspiring to defraud investors of more than $535 million in oil and gas investment … and more

Los Angeles Times Man accused of fraud may get life in prison under California's three-strikes law Los Angeles Times Instead, his Buena Park real estate investment company, called Trusperity, sought to help people in financial distress, McKesson said. …

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Man accused of fraud may get life in prison under California’s three-strikes law – Los Angeles Times

Plain Dealer (blog) Lakewood con artist Joanne Schneider resentenced to 10 years in prison Plain Dealer (blog) Convicted swindler Joanne Schneider had seven years added to her sentence for fraud and securities violations in a $60 million investment scheme that … and more

AARP warns of 'doughnut hole' check scams UPI.com “If someone says they can help you get your check more quickly if you pay them a fee, immediately report this scam or any similar fraud to the police or to … and more

Check frauds raise frustration Topeka Capital Journal The scams make up a small amount of check fraud cases the department investigates. “It looks like a check to me, but it's worthless,” McGinley said, …

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Check frauds raise frustration – Topeka Capital Journal

Queensland is Australia's ' fraud capital' Herald Sun “You've got a lot of people retiring up there and probably a fair bit of money, making them more susceptible to becoming targets of these investment scams ,” … and more

Saline residents fall victim to mystery shopping fraud scheme AnnArbor.com Reports show that in each case the victims had their names, addresses, account numbers, and check routing numbers duplicated on fraudulent checks made to …

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Saline residents fall victim to mystery shopping fraud scheme – AnnArbor.com

Four arrested in local check fraud Pensacola News Journal The names of those arrested in connection with the scam were not available, Sheriff's Office spokesman Sgt. Ted Roy said. Additionally, the Sheriff's Office … and more

Former MoFo Partner Accused of Major Fraud Above the Law I bet if a black family or a poor family just made up an freaking company and told the state to pay for it, somebody would have bothered to double check . … and more

Fake Check Scam Targets Boston University Better Business Bureau This is a common scam that revolves around an official-looking check . The victim is asked to deposit the fraudulent check and then wire transfer the amount …

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Fake Check Scam Targets Boston University – Better Business Bureau

Currentblips Take steps to keep your investments safe from schemers Snohomish County Business It seems that the news is full of examples of investment fraud . Locally, financial planner Rhonda Beard, owner of Beard & Associates Wealth … Bernie Madoff Ponzi Scam InfoCuts (blog) all 3 news articles

Danbury police arrest company owner for alleged construction scam Danbury News Times Marc Anthony, owner of Connecticut Chimney Co., which investigators also referred to as Connecticut Builders, is facing criminal and consumer fraud charges … and more

St. Peters man indicted for $2.4M investment scam Bizjournals.com A St. Peters man has been indicted for mail fraud for an alleged $2.4 million investment scheme that bilked more than 50 people. Between 2007 and last month … and more

Spare your investments from fraud HeraldNet The news is full of examples of investment fraud , says Sam Eck, a partner with the financial planning firm McIlrath | Eck. There's Kirkland financial …

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Spare your investments from fraud – HeraldNet

ECSO Warns Citizens Of Scam Solicitations WSAV-TV Some of the latest versions of the mail fraud schemes ask the recipient to cash the included check and then ask the recipient to return a portion to the …

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ECSO Warns Citizens Of Scam Solicitations – WSAV-TV

CNET The real iTunes fraud vulnerability: Gullible users CNET In reality, phishing is getting more and more sophisticated and the average use should not have to check with a security expert before they click a link. … and more

Class-action approved in land- fraud case Ottawa Citizen According to the complainants, investors in the alleged scam put money into real-estate investments that were never actually made. …

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Class-action approved in land-fraud case – Ottawa Citizen

Your weekly ScamWatch: Jobs, taxes and real estate Los Angeles Times (blog) Massive real estate fraud arrest — A New Jersey man has been arrested on federal charges that he ran a real estate investment fraud that caused victims to …

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Your weekly ScamWatch: Jobs, taxes and real estate – Los Angeles Times (blog)

Benin MPs want president impeached over fraud scandal BBC News Thousands of people in the country have lost their savings in an alleged investment scam . Mr Yayi's spokesman has previously denied the president's … and more

Documentary critical of receiver in Petters fraud case runs next week Pioneer Press The Chicago-based investment firm was the single largest loser in the Petters scam at $260 million, interest included. Thane Ritchie has been a frequent, … Some of Petters' assets to remain Pioneer Press all 9 news articles

Bail hearing postponed for NJ man accused of fraud BusinessWeek Weinstein's attorney has said his client is innocent and that the charges are from disgruntled former partners who are already suing him over investment … Bail hearing is postponed for Lakewood developer charged in $200M scam The Star-Ledger – NJ.com all 14 news articles

Senior financial fraud to be ongoing issue as population rises San Diego Daily Transcript (subscription) Earlier this year District Attorney Bonnie Dumanis reported that more than $1 million in restitution payments were made to victims of an investment fraud …

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Senior financial fraud to be ongoing issue as population rises – San Diego Daily Transcript (subscription)

AG's Office secures second criminal indictment in investment fraud case Brandywine East Community News The indictment arises out of an investment recovery scam allegedly perpetrated by Wiley against a New Castle County victim from October 2005 to November … Second indictment in investment scam WDEL 1150AM all 22 news articles

Former Merrill Advisor Imprisoned for Fraud Financial-Planning.com After pleading guilty to an investment scam that defrauded 34 clients out of over $700000, a former Merrill Lynch advisor was sentenced …

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Former Merrill Advisor Imprisoned for Fraud – Financial-Planning.com

Kalamazoo Based American Benefit Concepts, 2 Others Charged with Fraudulent … WKZO They are charging the firms with fraudulent real estate, alternative energy hedge fund and short term loan investment scams . Most of their investors have … State: 400 investors lost $50M in scams WOOD-TV all 6 news articles

Austin American-Statesman Texas authorities see rising investment scams in a soft economy Austin American-Statesman Securities fraud is bigger than ever, state officials say, as tough economic times have prompted people to seek new investment opportunities. …

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Texas authorities see rising investment scams in a soft economy – Austin American-Statesman

Tennessee Man Sentenced for $1.8 Million Check Fraud Scheme 7thSpace Interactive (press release) Prior to being indicted, Henegar had admitted to law enforcement agents that “in terms of the Agilysys check I knew this check was a scam . …

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Tennessee Man Sentenced for $1.8 Million Check Fraud Scheme – 7thSpace Interactive (press release)

Check fraud part of bigger scam Omaha World-Herald The purchase of an Omaha couple's car with a fraudulent cashier's check appears to be part of a larger scam . At least two incidents have been … Omahans caught in scam Omaha World-Herald Car Buy/Sale Scams Two Victims WOWT all 6 news articles

Ha’aretz Leader of $200 Million Real Estate Investment Scam Arrested for Fraud Federal Bureau of Investigation (press release) NEWARK, NJ—Eliyahu Weinstein, aka “Eli Weinstein,” was arrested at his home this morning by federal agents on charges that he ran an investment fraud … New Jersey man, leader of a $200 million real estate fraud arrested Channel 6 News Online Lakewood real estate developer charged in alleged Ponzi scheme is jailed … The Star-Ledger – NJ.com Lakewood real estate developer is charged in alleged Ponzi scheme The Star-Ledger – NJ.com CBS 3 all 46 news articles

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The case of Thomas Flanagan was a sad one indeed. The SEC accused the 30-year Deloitte & Touche veteran and his son of improperly trading in the securities of at least 12 companies he had advised over the past three years. The disgraced duo just agreed to pay $1.1 million to settle the charges . The opprobrium brought down on his employer wasn’t nearly as great as one might think for one reason: The firm had a solid compliance program in place aimed at deterring this sort of behavior. As Dow Jones notes, “Deloitte wasn’t charged or even blamed for his conduct.” Instead, the SEC’s complaint “detailed the firm’s extensive procedures for making employees aware of their legal and ethical obligations, and the system it had in place for trying to detect improper securities transactions.” The company successfully showed that Flanagan went out of his way to circumvent company controls. The moral here, one we’ve discussed before, is that ethics or compliance programs cannot not deter individuals bent on fraud. The most you can do is assure the SEC that you did everything possible to prevent it. And that counts for a lot. For Deloitte, it could have been much worse. For more: – here’s the article Related Articles: What happens when your auditor is a fraud? How to educate your audit committee The most effective anti-fraud tools? How important is ethics disclosure?

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Good anti-fraud policies can impress regulators

TV money personality gets 6 1/2 years for stealing millions KING5.com Breard has also met with federal regulators, explaining how she was able to pull off her scam . She has also provided the Financial Industry Regulatory … and more

Scam Alert: 7 tips for college students to protect their money and IDs IdahoStatesman.com Always check your credit or debit card statements closely for any suspicious activity. The sooner you identify any potential fraud , the less you'll suffer … and more

Man sentenced to 2 years for fraud Knoxville News Sentinel A LaFollette man was sentenced to two years in prison for his role in a bank fraud scheme involving a stolen and altered $1.8 million check . …

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Man sentenced to 2 years for fraud – Knoxville News Sentinel

Examiner.com Kentucky's DFI lists top 10 investor traps Examiner.com “The best three ways to fight investment fraud are knowledge, attention to detail and a healthy sense of skepticism,” said DFI Securities Division Director … and more

Cancer donation fraud case a wake-up call Kawartha Media Group Ms Record says her recommendation is to check for a charitable organization's registered charity number before giving anything, be it money or time. … and more

The Star-Ledger – NJ.com Scam tries to fool seniors over health-care rebate Carroll County Comet No matter what anyone on the phone might say, seniors on Medicare don't have to do anything to receive their $250 rebate check for hitting the “doughnut … A warning from the Arkansas Attorney General's office about Mediare Part D Fraud Today’s THV Marilyn Tavenner: Health care reform promises many new benefits Washington Examiner all 45 news articles

High-rolling scammer must play poker to avoid prison Marketplace (blog) Albuquerque scam artist Samuel McMaster, Jr. received an unusual punishment for his 177 counts of investment fraud . As he used the swindled $400000 to … and more

Advertiser editorial: Scam artists always at work Montgomery Advertiser To report suspected investment fraud to the Alabama Securities Commission, call 800-222-1253 or log on to the commission's Website at www.asc.alabama.gov. and more

Tulsa sees surge in card fraud Tulsa World The most important thing that people can do to protect themselves is to check the usage of their cards regularly. “They are going to test the cards, …

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Tulsa sees surge in card fraud – Tulsa World

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Thinking of investing? Beware of traps and scams Hickory Daily Record “Ramping up your knowledge, paying attention to detail and keeping a healthy sense of skepticism are the proactive ways to fight investment fraud ,” Marshall … Iowa Insurance Division Identifies Top Investor Traps Insurance News Net (press release) all 2 news articles

Ex-West aide pleads innocent to check fraud allegations The Spokesman Review A former state legislative candidate convicted in a federal fraud case four years ago is back in trouble, this time related to a proposed condo development … and more

Fraudulent green investments should be met with healthy skepticism San Diego Daily Transcript (subscription) … NASAA president, said, “Knowledge, attention to detail and a healthy sense of skepticism are a triple threat to fighting investment fraud . …

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Fraudulent green investments should be met with healthy skepticism – San Diego Daily Transcript (subscription)

In the compliance community, one lingering issue is the extent to which a strong culture of compliance and ethics will factor into various enforcement proceedings. It only makes sense to give companies some benefit for at least trying to set up a system that discourages fraud ( fraud news). In May, the U.S. Sentencing Commission published some new guidelines that suggest regulators will use new key factors to “measure corporate commitment to the creation (or enhancement) of an organizational culture grounded in robust ethics and compliance–factors such as detection, responsiveness, internal and regulatory reporting, and remediation,” notes a brief from Baker & McKenzie. The new guidelines promote the idea that regulators will look favorably on companies if (1) the chief compliance officer reports directly to the board on ethics and compliance issues; (2) the compliance program discovered an offense early on; (3) the organization promptly reported the offense; and (4) no individual “with operational responsibility for the compliance and ethics program participated in, condoned, or was willfully ignorant of the offense.” These are best practices that ought to be taken to heart, as there is a lot on the line. The company might be spared some bitter medicine if its program is up to par. For more: – here’s the article Related Articles: Irony: Compliance officer commits massive fraud Compliance, risk chiefs in demand by hedge funds How important is ethics disclosure? Thirteen steps to merging compliance frameworks

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Sentencing guidelines spell out compliance best practices