International Business News - Fraud http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Olympian Tim Montgomery had everything he ever wanted. Once known as the "world's fastest man," Montgomery won a silver medal in the 400 relay at the 1996 Olympics and gold in the same event in 2000. In 2002, he set a record of 9.78 seconds in the 100-meter dash. http://www.ibtimes.com/data/articleimgs/48134-track-star-fraud.jpg http://www.ibtimes.com/articles/20080517/olympian-montgomery-gets-46-months-for-check-fraud.htm http://www.ibtimes.com/articles/20080517/olympian-montgomery-gets-46-months-for-check-fraud.htm Sat, 17 May 2008 07:09:49 EDT Olympic gold medalist Tim Montgomery's once-celebrated life continued its long downward spiral Friday when a federal judge sentenced the former "world's fastest man" to nearly four years in prison for dealing in bad checks. http://www.ibtimes.com/data/articleimgs/47669-track-star-fraud.jpg http://www.ibtimes.com/articles/20080516/olympian-montgomery-gets-46-months-for-check-fraud.htm http://www.ibtimes.com/articles/20080516/olympian-montgomery-gets-46-months-for-check-fraud.htm Fri, 16 May 2008 18:22:45 EDT A United Nations translator was sentenced to a year in prison for using U.N. stationery and fraudulent documents to smuggle people into the United States from Uzbekistan. http://www.ibtimes.com/articles/20080516/former-un-translator-gets-year-for-visa-fraud.htm Fri, 16 May 2008 11:41:07 EDT A Dickinson-based contractor that operates in 10 states has been indicted on federal tax fraud and conspiracy charges. The company said it has done nothing wrong. http://www.ibtimes.com/articles/20080514/n-d-contractor-indicted-for-federal-tax-fraud.htm Wed, 14 May 2008 14:40:51 EDT Presumably, she didn't fleece Prince Charles. But a couple of young jet-setters plan to admit in court that other people who crossed their paths unwittingly financed their luxury lifestyle. http://www.ibtimes.com/data/articleimgs/45714-young-couple-fraud.jpg http://www.ibtimes.com/articles/20080512/lawyer-2-will-admit-fraud-fueled-luxury-lifestyle.htm http://www.ibtimes.com/articles/20080512/lawyer-2-will-admit-fraud-fueled-luxury-lifestyle.htm Mon, 12 May 2008 20:49:09 EDT An additional 700 potential victims nationwide, ranging from food companies to newspapers, have been named in a massive fraud scheme involving the nation's largest coupon company. http://www.ibtimes.com/articles/20080512/700-possible-victims-named-in-250m-coupon-fraud-case.htm Mon, 12 May 2008 18:06:39 EDT A former college student accused of stealing people's credit to travel the world with her Ivy League boyfriend is nearing a federal plea deal, her lawyer said. http://www.ibtimes.com/data/articleimgs/45292-young-couple-fraud.jpg http://www.ibtimes.com/articles/20080510/lawyer-says-young-philly-jet-setter-nearing-plea-in-id-case.htm http://www.ibtimes.com/articles/20080510/lawyer-says-young-philly-jet-setter-nearing-plea-in-id-case.htm Sat, 10 May 2008 19:33:01 EDT A federal sting of four companies accused of arranging fraudulent marriages for U.S. citizenships, complete with wedding photos of brides in gowns and elaborate fake cakes, has netted more than 80 arrests, authorities said Friday. http://www.ibtimes.com/articles/20080509/companies-targeted-in-federal-marriage-for-citizenship-sting.htm Fri, 09 May 2008 18:45:38 EDT A federal sting of four companies accused of arranging fraudulent marriages for U.S. citizenships, complete with wedding photos of brides in gowns and elaborate fake cakes, has netted more than 80 arrests, authorities said Friday. http://www.ibtimes.com/articles/20080509/federal-marriage-for-citizenship-sting-nets-83-fla-arrests.htm Fri, 09 May 2008 18:42:17 EDT Federal regulators have won a court order freezing the assets of a Michigan man they accuse of bilking $72 million over the Internet from more than 3,000 investors around the world. http://www.ibtimes.com/articles/20080508/sec-freezes-assets-of-michigan-man-for-alleged-web-fraud.htm Thu, 08 May 2008 19:19:55 EDT Two former owners of a defunct mortgage firm were charged on Thursday with stealing $44 million from Fannie Mae and forging paperwork in loan sales to Credit Suisse. http://www.ibtimes.com/articles/20080508/2-indicted-in-nyc-over-44-million-mortgage-scheme.htm Thu, 08 May 2008 15:20:51 EDT A Caribbean court has issued a $45.5 million confiscation order against a Bermuda fund that pleaded guilty to providing false information and perverting the course of justice, the British Virgin Islands' state-run news agency said. http://www.ibtimes.com/articles/20080505/court-bermuda-fund-must-forfeit-45-million.htm Mon, 05 May 2008 12:23:29 EDT Missouri lawmakers gave final approval Thursday to legislation that creates the specific crime of mortgage fraud. The legislation defines mortgage fraud as making false statements or failing to disclose material facts. It creates fines and allows for the licenses of real estate brokers, agents and appraisers to be revoked. It also bars attempts to influence real estate appraisals through extortion or bribery. http://www.ibtimes.com/articles/20080502/mo-lawmakers-pass-bill-adding-penalties-for-mortgage-fraud.htm Fri, 02 May 2008 11:51:50 EDT An economist awaiting sentencing in federal court for defrauding investors of millions of dollars pleaded guilty Monday to a single state fraud count. http://www.ibtimes.com/articles/20080428/economist-pleads-guilty-in-sc-to-defrauding-investors.htm Mon, 28 Apr 2008 12:10:35 EDT The former accounting director of the now-defunct bottled drinks maker Le-Nature's Inc. pleaded guilty Thursday to defrauding the company's lenders of hundreds of millions of dollars by vastly overstating its sales figures. http://www.ibtimes.com/articles/20080424/former-le-natures-employee-pleads-guilty-in-fraud-scheme.htm Thu, 24 Apr 2008 20:29:05 EDT The former director of accounting for the now-defunct bottled drinks maker Le-Nature's Inc. has pleaded guilty to fraud, conspiracy and tax charges. The charges against 40-year-old Tammy Andreycak are related to the operation of the Latrobe-based company between 2003 and late 2006, when it was forced to seek bankruptcy protection. http://www.ibtimes.com/articles/20080424/former-le-natures-accounting-director-pleads-guilty.htm Thu, 24 Apr 2008 17:24:19 EDT A federal judge has ordered a Philippines-based company to pay back $100 million it obtained by defrauding the U.S. military's health insurance program. http://www.ibtimes.com/articles/20080424/judge-orders-philippines-company-to-pay-100m-for-fraud.htm Thu, 24 Apr 2008 15:07:45 EDT The U.S. military's health insurance program has been swindled out of more than $100 million over the past decade in the Philippines, where doctors, hospitals and clinics have conspired with American veterans to submit bogus claims, according to prosecutors and court records. http://www.ibtimes.com/data/articleimgs/41746-military-health-fraud.jpg http://www.ibtimes.com/articles/20080423/fraud-costs-military-health-program-100-million-plus.htm http://www.ibtimes.com/articles/20080423/fraud-costs-military-health-program-100-million-plus.htm Wed, 23 Apr 2008 14:41:45 EDT The House voted Wednesday to close a multibillion-dollar loophole in a crackdown on contract fraud, approving plans to force the Bush administration to act within six months. http://www.ibtimes.com/articles/20080423/house-moves-to-close-contract-fraud-loophole.htm Wed, 23 Apr 2008 12:35:39 EDT FBI Director Robert Mueller on Wednesday described a "tremendous surge" in mortgage fraud investigations that he said has diverted agents from other cases and is expected to keep growing. At a Senat... http://www.ibtimes.com/articles/20080416/fbi-sees-surge-in-mortgage-fraud-investigations.htm Wed, 16 Apr 2008 17:03:34 EDT