Jury Deliberates Bernard Madoff ex-employees fraud case
- Madoff jury seeks star witness testimony The jury in the Madoff ex-employees fraud case was given instructions by the judge Monday. After several hours of deliberation, they made a request to review evidence given by prosecution witnesses Frank DiPascali and Enrica Cotellessa-Pitz, both of whom have pled guilty to complicity in Madoff’s Ponzi scheme. The jury also requested to review testimony by defendant Daniel Bonventre. (17 Mar 2014, USA Today)
- Madoff Five Trial Deliberations Delayed Over Sick Juror. With one juror ill for the second day, U.S. District Judge Laura Taylor Swain asked the lawyers to discuss backup plans if the juror doesn’t return. (20 Mar 2014, Bloomberg)
- Bernie Madoff speaks: Politics, remorse and Wall Street. While the world waited for the jury verdict in the Madoff ex-employees case, Bernard Madoff gave a 3-hour interview from the prison camp at Butner, North Carolina. Among other things he recommended investors stay away from the stock market, made political comments, and while he expressed little remorse for the clients he defrauded, he stated that his own family’s estrangement was the hardest thing to bear. (20 Mar 2014, Politico.com)
Other Frauds in the News
- U.S. bitcoin lawsuit over Mt. Gox losses names Mizuho as defendant. Mizuho Bank Ltd, one of Japan’s largest lenders, has been added as a defendant to the existing lawsuit against Mt. Gox. (15 Mar 2014, CBCNews)
- York University victim of $1.6-million, seven-year-long fraud. Three employees have been arrested and charged with involvement in misappropriation of funds from the university in a fraudulent billing scheme. Police expect further arrests and charges. (Mar 20 2014, CBCNews)
- Major new credit card scam uncovered in B.C. ‘Web of criminal activity’ involves hundreds of credit cards and thousands of dollars in reward points. (19 Mar 2014, CBCNews)
- San Antonio lawyer bribed Bexar judge. A Texas lawyer pled guilty to bribing a state district judge in exchange for favorable rulings on cases. The case came to light in an FBI investigation into corruption at the Bexar County Courthouse. (17 Mar 2014, MySanAntonio.com)
- Greek priest accused of fraud in bogus job scheme. Greek police say an Orthodox priest and an unemployed accomplice are under arrest on fraud charges, accused of running a bogus job placement organization. (17 Mar 2014, AP)
- In Germany, former world-cup winning international footballer Uni Hoeness admitted to tax fraud of 18 million Euros. (10 Mar 2014, BBC News)
March is fraud prevention month in Canada
- Fraud: Recognize it. Report it. Stop it. March is fraud prevention month, and the Canadian Competition Bureau is focusing on fighting health care fraud.
- The Canadian Anti-Fraud Centre has information on how to recognize, report, and stop fraud.
- Check out FraudSquadTV.com for a library of online fraud videos, fraud prevention tips, and news.
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