You've got Jail
is a light hearted, easy summer reading and informative article which explodes the myth that malfeasing CEOs get sent to "Club Fed", a prison so minimum in insecurity that its really like an enforced vacation in the country rather than the more typical round
. Required reading for the Skillings, Rigas, Taubmens and every college student considering an MBA.
(So is the MeFi fascination with Prison life
an idle one
or am I keeping the wrong company?)
posted by BentPenguin
on Jul 30, 2002 -
'Antiques Roadshow' Expert Sent to the Pokey.
"Russell Pritchard III, a militaria expert, pleaded guilty to making the bogus TV appraisals. He also admitted defrauding artifact owners by giving them low appraisals on items, then reselling them at much higher prices and pocketing the profit.
" Pritchard was kicked off the show a couple years ago, when it was discovered that he was faking fabulous discoveries on the show in an effort to gain credibility. Fans of the US version of the show may remember the civil war sword
found in an attic and the owner claimed he used the valuable weapon to cut watermelons. Pritchard could have received up to 135 years in prison, and $5.3 million in fines, but only received a year in prison, and ordered to repay his bilked clients $830k. I've always wondered about the credibility of the experts on that show, and whether they've ever quoted inflated or deflated values for personal gain. [via megosteve]
posted by crunchland
on Jul 13, 2002 -
"The bigger the binge,
the longer and more severe the hangover." A short history of accounting scandals and fraudulent bankruptcies that follow bubble economies.
posted by raaka
on Jul 10, 2002 -
Escrew Service. Worried about getting scammed on an Internet auction? "Just use an escrow service," is the customary advice. Not so fast. The latest auction scam is an elaborate swindle involving creation of fake escrow services, complete with convincing Web sites like www.escrow-is.com
posted by srboisvert
on Jul 9, 2002 -
Show called "Harassment"
results in, well, harassment! MTV and their co-conspirator, the Hard Rock Hotel, are being sued for "invasion of privacy, infliction of emotional distress and fraud, among other things."
posted by ilsa
on Jun 13, 2002 -
U.S. Representative James Traficant
(D-Ohio) has been found guilty on all 10 charges he faced, including kickbacks, fraud, bribery, and racketeering. The Congressman, known for his hatred
of the IRS(God
bless him) and his love of pork barrel projects
, has lit up the Congress with his bombastic
behavior since he was elected in 1984. Controversy has never been far from Traficant, he still claims that the trial is due to the bizarre, humorous, and grotesque story
of his mob-funded election to Sheriff of Youngstown. He claims that he will run as an independent
in the newly formed 17th District in the next congressional election. Will he be out of jail? Does he have a chance? What is Congress
going to do with him?
Fascinating background information courtesy of investigative journalist Dan Moldea's website
posted by insomnyuk
on Apr 11, 2002 -
Why aren't ghostwritten works considered frauds?
Pop historians are on the rack for using unattributed passages, Milli Vanilla were shamed off the charts for lip-synching, Joe Klein was pilloried for playing coy about a book he did
write. Yet Reagan's autobiography, Clinton's "It Takes a Village", and recent works by V. C. Andrews and Lawrence Sanders weren't written by the names on the jackets. Kind of odd, no?
posted by nikzhowz
on Apr 8, 2002 -
Earthlink founding investor Reed Slatkin to plead guilty
of defrauding over 800 people out of $254 million in a Ponzi scheme. Several of the victims were members of the Church of Scientology, where he was a minister. Oh, and he filed for bankruptcy too so there's no chance for reparations... I don't know how to feel!
posted by kfury
on Mar 27, 2002 -
Portrait of a Con-Artist:
Due to the efforts of the site StopAglaia!
(which was posted here earlier in the year), The New Jersey Star-Ledger printed this facinating story exposing a con woman of "Kaycee Nicole" proportions, and includes an interview with the woman in question. She's impersonated Denis Leary, Henry Rollins, and the manager for Bright Eyes, and she's conned both men an women out of thousands of dollars. Sadly, the printing of this article has caused StopAglaia!
to shut down, but their forum
is still up, so victims can trade info. [More Inside]
posted by emptybowl
on Mar 21, 2002 -
"The fraud, the huckster, the salesman are not new phenomena in America; what is new is that they now so strongly control every estate of our society."
For the last few days, I've been reading the Progressive Review
, a sort of progressive news blog-by-e-mail -- and frankly, it's amazing. One of today's articles
blew my mind: it's a spot-on encapsulation of What's Wrong with America Today. (Scroll down to "Derivative America and the Enron Generation." This link is to the "Latest Issue" page. Tomorrow I think it will be archived here
.) Seriously, read it now. It's worth it.
posted by tweebiscuit
on Feb 26, 2002 -
There are dozens of people on the internet who have been victimized by her
, and yet no one seemed to do much about it. So they did.
posted by oh posey
on Feb 2, 2002 -
It ain't just Enron
-- This kind of pro forma reporting of "profits" is shifty, misleading, and common practice. Should us small investors be worried? Or do I need to be an accountant to know why this isn't a bad thing? And does this mean that there more Enrons out there, ready to implode in a pile of worthless paper?
posted by BitterOldPunk
on Jan 31, 2002 -
SAS man exposed as fraud
The BBC has discovered that Tom Carew, who writes articles from an SAS perspective for the papers and has just published a book
about serving in Afghanistan, was never actually a member of the SAS at all. I just saw this interview on TV and laughed and laughed when he punched the camera. WARNING: Realplayer link
posted by Summer
on Nov 14, 2001 -
What goes around comes around for Rambus
, I will predict that Steven
is not suprised about the fraud claims.
posted by john
on May 9, 2001 -
to life for fraud? Crime should be punished, but this seems somewhat harsh when there's murderers, rapists, etc. on the loose
posted by owillis
on Apr 28, 2001 -
St. Louis Sees Specter of Vote Fraud.
Chicago hands over the title of Most Vote-Rigged City in America. Remember the Election Day lawsuit that Democrats filed in St. Louis to illegally extend voting hours (which was successful for 45 minutes)? Turns out the chief plaintiff was dead. And that's only one anecdote from this story. Will meaningful election reform ever be allowed in this country, when it would mean closing all the loopholes that are routinely used to rig the results? (NYTimes
link, registration required)
posted by aaron
on Mar 4, 2001 -
DEA cooks the books to show a 'major success' in the War on Drugs.
posted by snakey
on Feb 2, 2001 -
A guy paid $5000 to a bank
for a list of 4 million credit card numbers, complete with name/address of the owners. He proceeded to start making false charges to those cards totalling some $37 million. He's going to jail. My question is, what the hell
was the bank thinking? Why are they selling something like that? Didn't they recognize the potential for abuse? What possible legitimate use could such a list have?
posted by Steven Den Beste
on Jan 23, 2001 -
Can you say fraud
? Can you say it twice
? As strange as it seems, these two are related. After Kurzweil's fraud was finally revealed, the top two execs went to jail
, but there was some question about what was going to happen to the company. Well, what goes around comes around. Lernout and Hauspie bought out Kurzweil Artificial Intelligence. It seems like they picked up the corporate culture, too.
posted by Steven Den Beste
on Dec 20, 2000 -
who sent millions of e-mails around the world falsely stating shares in an American company would rise 900 per cent was today sentenced to two years in jail. The charges filed are believed among the first of their type made against anyone in the world.
Mr Hourmouzis had pleaded guilty to two charges of making a false statement on the Internet.
posted by murray_kester
on Oct 29, 2000 -
"I wasn't doing anything wrong..."
So says Jonathan Lebed, the 16-year-old who paid out $285,000 to the SEC to settle his pump-and-dump case. His father agrees: "He earned it. He did a lot of work. He didn't sit behind a garage smoking pot, or stealing wheels off a car." Yeah, right: after all, he bought his parents a Mercedes with the profits of his stock manipulation.
posted by holgate
on Oct 22, 2000 -
It seems to me that this kid
is only getting in trouble because a bunch of people are sore losers. Aside from the legal trappings that they used to frame him, don't you think that people stupid enough to take financial advice via postings on Yahoo (or other sites) shouldn't whine when they turn out to be bogus? thoughts?
posted by ooklah
on Sep 22, 2000 -
This girl is, literally, fighting for her life.
Her name is Kaycee, she's 18, and she is desperately fighting cancer. And if everyone could put down their mice, stop typing on their keyboards, close up their browsers, and think one good thought
for this girl -- and her family
-- maybe, hopefully, it would help.
Halcyon's set up a message board for her.
If you're so moved, you know what to do...
posted by metrocake
on Sep 14, 2000 -
Election fraud in Haiti? I can't believe it!
Imagine that...they don't seem to want the US telling them what to do. How novel. Well, I'm sure our compassionate President will respond by feeling their pain, and of course, causing more of it with our laser-guided bombs and the like.
Didn't we put Aristede there in the first place? Man, it ain't like the old days, when the US would stand by its tyrant, now is it? (Sorry, but I must obey my Uncle Joe
, and I always thought of sarcasm as linguistic bran anyway.)
posted by Ezrael
on Jun 19, 2000 -