Battle on Fraud

Update – Dreier (Heard About This One?)

I still can’t understand why some frauds receive much publicity, while others equally deserving and in the public’s eye receive next to no attention.  This Connecticut fraud involved an attorney who single-handedly brought down a multiple office law firm employing hundreds of lawyers and staff.  Yet the only place I see any media coverage is within the Connecticut Law Tribune, …

Read more

Connecticut Tops National Average… In Embezzlements

Another proud day to be residing in my home state of Connecticut.  In yesterday’s article “Gambling Takes A Toll” in the Journal Inquirer, writer Keith Phaneuf reviews a study relating to gambling as our Governer Rell and lawmakers debate the idea of allowing more gambling in the form of Keno within our state.  With regards to embezzlement, he writes that state and federal authorities made 43 arrests in 1992, and 214 in 2007, a 400% increase.  No other state with more than 40 embezzlements in 1992 reported as high an increase in these crimes.  The national increase was 38%, so we beat the national average as well.

Read more

I'M Back!

Sorry for the break in my postings.  Writing books, re-writing my class at UConn, and having our web site and blog completely redesigned has distracted me from maintaining the blog posts.  The good news – I am back, and there has been plenty happening relating to fraud and financial malfeasance.  The bad news (for victims of these types of crimes), …

Read more

Starting Younger and Younger

Barry Minkow started ZZZZ Best while in high school and began his fraud activity shortly thereafter (if not from the very inception). Thanks to all the great role models of today’s society, significant frauds are being perpetrated at much younger ages. Searching the news on-line today I found the typical garden variety of embezzlements – PTA mom, Little League coach, …

Read more

And Yet Another One!

The tri-state area seems to have more than their share of financial investor frauds. Long Island, New York. Nicholas Cosmo, convicted in 1999 and served 21 months in federal prison for mail fraud, is accused of stealing $370 million in a Ponzi scheme. Who did their due diligence in deciding to invest their funds with Cosmo, a convicted criminal with …

Read more