An Australian Madoff? Trio Capital, an Australian fund manager, has been ordered to wind up
its funds after being unable to account for $123 million in its Astarra fund since investigations began in October. The fund "has a total of $426 million under management - including superannuation
savings of about 10,000 Australians." Some worry what this means for more potential frauds in Australia's "privatized social security." [more inside]
posted by FuManchu
on Mar 21, 2010 -
Google Alleges That Viacom ‘Secretly Uploaded Its Content to YouTube, Even While Publicly Complaining About Its Presence There’
Zahavah Levine, chief counsel for YouTube in its litigation with Viacom, explains:
For years, Viacom continuously and secretly uploaded its content to YouTube, even while publicly complaining about its presence there. […] Viacom’s efforts to disguise its promotional use of YouTube worked so well that even its own employees could not keep track of everything it was posting or leaving up on the site. As a result, on countless occasions Viacom demanded the removal of clips that it had uploaded to YouTube, only to return later to sheepishly ask for their reinstatement. In fact, some of the very clips that Viacom is suing us over were actually uploaded by Viacom itself.
posted by ocherdraco
on Mar 18, 2010 -
Blow the whistle on the rich and powerful, go to jail, while they avoid jail. Tax Notes, the weekly publication on federal taxation, announced its "2009 Tax Person of the Year" - a whistleblower from Swiss banking giant UBS whom it called "the Benedict Arnold of the private banking industry." Bradley Birkenfeld
came forward and exposed the tax fraud dealings of UBS which led thousands of millionaire tax cheats to come forward and pay billions in back taxes. His reward? Tomorrow he goes to jail
. The Government Accountability Project (GAP), a Washington watchdog organization that has extensive whistle-blower experience, says a chilling effect is already apparent: a senior executive at a European bank that offers similar U.S. tax shelters is having second thoughts about going public because of the Birkenfeld case.
posted by caddis
on Jan 7, 2010 -
sees himself as the next Mr. Rogers. So much so, that he planned a gala event, replete with big-name stars and full orchestra, where Rogers would be honored and Kinsell would be introduced as his successor, telling potential investors he had the blessing of PBS and Rogers’ longtime production company, Family Communications Inc. The only problem was, none of his claims
were true, and his charade quickly fell apart
posted by Marisa Stole the Precious Thing
on Jun 7, 2009 -
The commercials are all over television — and they certainly are attention-grabbing. They’re the ones where the heavy, bald guy is sitting in his easy chair talking in a squeaky female voice about all the clothes he bought — including a bustier. Or the little old lady speaking with the gruff voice of a younger man about the sweet motorcycle she now owned. Identity theft is a serious crime — one that is occurring with an alarming frequency. The Identity Theft Manifesto
explains how criminals get your personal info
, and what you can do about it
posted by netbros
on Jun 1, 2009 -
The rise and fall of a physics fraudster. In the spring of 2002, the world’s most productive young scientist was a 31-year-old physicist at Bell Labs in New Jersey in the US. With eight papers published in
Science in 2001 alone, Jan Hendrik Schön was emerging with breathtaking speed as a star researcher in physics, materials science and nanotechnology...But in September 2002, managers at Bell Labs released a report [pdf] that...made clear that much of Schön’s data were fake. His discoveries were lies. Many of his devices had probably never existed...On the day of the report’s release, Schön was fired and fled the US to an unknown location.
In all, 21 of Schon's papers were withdrawn from Nature
and Physical Review Journals
posted by gottabefunky
on May 2, 2009 -
is on Salt Lake City's Most Wanted List. Apparently Ms. Ferrell has moved from Utah to New York and has been hanging out
with the hipsters in Williamsburg, Brooklyn.
Within the space of a half-hour, Ms. Ferrell was peppering him with questions about his sexual history—how many women he’d slept with and so on. “She was coming on to me, and I was super into it for the first part of it,” he said. “I realized I could have fun after work—but then I was like, ‘Let me check this girl out.’”
posted by R. Mutt
on Apr 15, 2009 -
Election Fraud in Kentucky.
"I think this is the first documented case of election fraud in the U.S. using electronic voting machines (there have been lots of documented cases of errors and voting problems, but this one involves actual maliciousness)."
posted by chunking express
on Mar 24, 2009 -
Ferdinand Waldo Demara Jr
was a prison warden, a monk, a lawyer and a religiously-oriented psychologist, and yet he was actually none of those things. Now known as "The Great Imposter", Demara held many careers as he faked his way through life, but his most famous exploit was to masquerade as surgeon Joseph Cyr aboard the HMCS Cayuga
, a Royal Canadian Navy destroyer, during the Korean War. [more inside]
posted by Effigy2000
on Mar 17, 2009 -
Jean Shepherd has been mentioned before
but WFMU's Beware of the Blog
has finally dug out an mp3 of Shepherd himself telling the story of "I, Libertine" (mp3 link)
). I, Libertine
was a literary hoax that began as a practical joke. Shepherd asked his listeners ("the Night People") to go into bookstores and ask for a book that didn't exist. Fueled by bewildered bookstore owners and distributors, I, Libertine eventually did end up as a genuine bestseller, proving his point that the process of choosing bestsellers was flawed.
posted by krautland
on Jun 29, 2008 -
The Great Tantra Challenge
- "On 3 March 2008, in a popular TV show, Sanal Edamaruku, the president of Rationalist International, challenged India’s most “powerful” tantrik (black magician) to demonstrate his powers on him. That was the beginning of an unprecedented experiment."
posted by Burhanistan
on Mar 25, 2008 -
In the March issue of Maxim
magazine, music critic David Peisner gave the Black Crowes'
upcoming release Warpaint
two and a half stars out of five, remarking:
"...they sound pretty much like they always have: boozy, competent, and in slavish debt to the Stones, the Allmans, and the Faces."
Nothing remarkable, right? Except he had never heard the album.
posted by rocket88
on Feb 26, 2008 -