An interesting twist

Here's an interesting case: Two lawyers were found guilty of fraud when they tried to obtain fraudulent claims for their clients. The WS...

Is Bernie enjoying the life of a cushy white-collar prisoner?

Mark Morze was the ZZZZ Best fraud perpetrator who could play the copy machine like Horowitz played the piano. He created about 10,000 ficti...

U.S. Connections to Corruption in Haiti

An investigation by Mary Anastasia O'Grady shows U.S. political connections to corruption in Haiti (see a video here and the article he...

Skilling and the Supreme Court

The LA Times has more information on the Skilling appeal to the Supreme Court. Based on this article, it appears that Skilling has a good c...

FraudBytes is now on Twitter

For all of you Twitter addicts out there, we have created a FraudBytes Twitter account that will automatically update every time we post to ...

First Case of Alleged Bailout Fraud

USA Today reports that ex-bank president Charles Antonucci has become the first person charged of attempting to defraud the federal bailout...

More on Repo 105

This article in the Economist has a very interesting note about the questionable Repo 105 transactions that Lehman used to improve its bala...

Buyer's Denial

The Times has a great article about buyers denial : "[The] belief that somehow a fraud was not what it seemed to be, and that there wa...

Most crooked CEOs

Time Magazine online lists their top ten most crooked CEOs (Criminal Executive Officers). At the top of the list is Bernie Madoff. Also on ...

Will Harry be the next SEC Chairman?

I doubt it. Here is a link that explains Harry Markopols' (famed Madoff investigator) challenges in getting that, apparently, coveted p...

Lehman and EY: Maybe I spoke too soon...

In my Fraud Examination yesterday we talked about how the audit profession appears to have learned from the last economic crisis when it was...

Madoff victims beware...

I can't believe the nerve of some fraudsters out there! A recent WSJ article reported that a fake SIPC (Securities Investor Protection ...

Psychics beware: The SEC has your number!

A recent NY Times article gives some details of a lawsuit by the SEC against a psychic who claimed he could predict the stock market by loo...

Winners and Losers in the Madoff Scam...

The WSJ reported yesterday that the courts are deciding whether investors in Madoff's Ponzi scheme who took out more money than they pu...

Could Skilling be set free?

Today's WSJ reported that the U.S. Supreme Court has agreed to hear arguments that Jeffrey Skilling's trial for fraud at Enron was ...

Was Harry paranoid?

Fortune magazine has excerpts from an interesting interview with Harry Markopolos, the guy who tried to blow the whistle on Bernie Madoff. ...