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The following is an alphabetical list of notable people known to have committed fraud. A Frank Abagnale Jr. , American impostor who wrote bad checks in 12 countries until arrested in 1969: falsely represented himself as a qualified member of professions such as airline pilot, doctor, attorney, and teacher; the film Catch Me If You Can is based ...
Peregrine Systems [8] [10] corporate executives convicted of accounting fraud; Phar-Mor [8] company lied to shareholders. CEO was eventually sentenced to prison for fraud and the company eventually became bankrupt; Qwest Communications [10] RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in ...
Following is a list of securities frauds (also called stock frauds or investment frauds): 2003 Mutual-fund scandal: A number of major brokerages and mutual fund firms were accused of various deceptive acts that disadvantaged customers. Among them were late trading and market timing. Various SEC rules were enacted to curtail this practice. [1]
On May 20, 2010, the SEC filed a federal case against Edward A. Allen and David L. Olson, two former brokers of World Financial Group / World Group Securities, accusing them of having raised approximately $14.8 million through the offer and sale of promissory notes as part of an illegal Ponzi scheme in the States of Ohio and Florida between ...
In some cases, the dishonest lawyer is merely part of a larger fraudulent scheme. [36] A real estate fraud may involve taking deposits for a project under construction where, [37] in theory, the lawyer is holding the money in escrow, guarding down payments as trust fund assets until a real estate deal closes. [38]
The first type are also applicable to corrupt state and local officials: [1] the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, [2] the Hobbs Act (enacted 1934), [3] the Travel Act (enacted 1961), [4] and the Racketeer Influenced and Corrupt Organizations Act (RICO) (enacted 1970).
‘They’re all frauds – if you were to put them all under the same scrutiny I was put under, you would have to vacate the whole goddamn building,’ Santos says
Fraud, money laundering, abuse of political power, government bribes: Wirecard: 2020 [102] Ernst & Young Germany: Allegations of fraud Luckin Coffee: 2020 Ernst & Young China: Inflated its 2019 sales revenue by up to US$310 million Adani Group: 2023 [103] [104] [105] Shah Dhandharia India: Allegations of accounting fraud, stock manipulation ...