Bernard Madoff’s Former Aides on Trial
- Prosecutors wrapped up the case against Bernard Madoff’s former aides Feb 11. A defense lawyer for Madoff’s ex-aides asks permission to show a video of a 2007 New York conference on the stock market’s future, in which Madoff discussed the “impossibility of committing fraud”. Employees claim they were just as fooled by Madoff as KPMG and the SEC. Read more in Long Island Newsday article
- More Newsday coverage on the Bernard Madoff Case
Frauds Involving Travel
- Transit Fraud: A Toronto Police Investigation that started last fall has culminated with the arrests of 62 people, the latest salvo in an ongoing fight against fraudulent use of the Toronto Transit system. Toronto police break up transit-pass fraud ring, making 62 arrests and laying 200 charges. Fake passes were sold online and around schools for half the standard price. Read more at The Globe and Mail
- Vacation Rental Scam: Vancouver couple loses $2000 in scam involving an online Okanagan villa rental booked for the couple’s honeymoon, and the property owner’s hacked email account. Read more at CBC News
- Travel Club Membership Fraud: New Jersey couple sentenced for travel scam. The couple sold $2.6 million in phony travel club memberships, shut down companies and opened new ones when complaints rolled in. Read More at ABC News
Other Canadian Fraud News
Forgery and Fraud: Charges laid in fraud probe involving York Region law office. An Aurora, Ontario, man is alleged to have misappropriated funds from the law office where he worked, before opening his own law office – although he had no licence to practice law. Read more at CBCNews
Payroll fraud: 6 bailiffs employed by Ontario Ministry of Community Safety and Correctional Services charged with fraud for alleged fraudulent billing for hours worked. Read more at MyKawartha.com (via Peterborough News)
Fraud Against CRA: RCMP have arrested 7 in alleged Canada Revenue Agency fraud. Five of those arrested were CRA officials when the offences took place. These arrests are a continuation of the Project Coche investigation which has been going on since 2008. (Read more at Global News:
- Municipal Fraud: Hamilton, Ontario taxpayers may be on the hook for $1 Million fraud. A City of Hamilton Finance and Corporate Services employee allegedly confessed to stealing over $1 million over 9 years, and was fired following the confession. No criminal charges have been made to date. Read more at CBCNews
That’s The Fraud Chronicles roundup for the week ending February 12, 2014.
Do you have a news, court or regulatory body information on an interesting fraud case? Comment on this posting or Tweet @fighting_fraud to share your Web links of publicly available fraud news and case information.
Vanessa G. Oltmann
Education and integrity – the best weapons against fraud and corruption