The Collar


April 2008


Bank Robbers Post Strong Quarter

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As the banking industry wobbled in the face of a debilitating credit crisis, bank robbers reported strong results for the third quarter (July 1 through September 30) of 2007.

The FBI reported 1,578 violations of the Federal Bank Robbery and Incidental Crimes Statute during the period, with thieves ...

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TAGS:
banking
crime

A Letter You Never Want to Receive

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Turns out there are things you can get in the mail from your lender that are even less desirable than bills. Just ask LendingTree's mortgage customers from October 2006 through early 2008, who received the following surprise this week:

April 21, 2008

Dear LendingTree Customer:

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TAGS:
loans
mortgages

Prosecutors Want Three Years for Snipes

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With puzzling disregard for his portrayal of beloved base stealer "Willie Mays Hayes" in the 1989 comedy Major League, federal prosecutors have recommended that 45-year-old actor Wesley Snipes serve three years in prison—the maximum penalty—and pay at least $5 million in fines after being convicted ...

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TAGS:
IRS
income tax

Former Federal Agent Gets 26 Months

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You know it's ugly when someone in an inspector general's office has to be inspected.

But such was the case for 43-year-old Scott Allen Gompert. The former special agent in the Office of the Inspector General at the U.S. Department of Health and Human Services was sentenced to 26 months in prison ...

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TAGS:
crime
HHS

Why Seniors Are Targeted

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The FBI recently posted new information about fraud and senior citizens:

Why are the elderly such an attractive target for con artists?

Many seniors have a "nest egg."

They're less likely to report a fraud because they don't know where to go or they're too embarrassed to talk about it.

If they do ...

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TAGS:
FBI
fraud
senior citizens

Wall Street Titans Are Sued

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The Wall Street Journal has an interesting story that begins with a look at a 74-year-old, disabled woman who lost her life savings—$55,000—in the credit crisis.

She and 22,000 other people, many elderly, lost about $750 million when a Philadelphia lender called American Business Financial ...

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TAGS:
Wall Street
bankruptcy

Ex-NYMEX Board Member Gets Five Months

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Steven Karvellas, a former board member of the New York Mercantile Exchange, will spend five months in prison after pleading guilty yesterday to charges involving fraud and tampering with evidence, Reuters reports.

From Reuters:

Between September 2002 and May 2003, while he was serving as ...

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TAGS:
prison sentences

14 Charged in Alleged Stock Scheme

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The Securities and Exchange Commission has charged three companies and 11 people in an alleged scheme to illegally issue and sell penny stocks "in a purported diamond and gold mining company." Through this activity, the defendants obtained more than $64 million from tens of thousands of investors ...

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TAGS:
stocks
crime
SEC

Males Make Better Marks

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Bad news, guys—a new report says online fraudsters have more success targeting men than women.

"Data compiled from more than 206,000 complaints received last year by the U.S. Internet Crime Complaint Center (IC3) shows that men lost $1.67 to every $1 lost by women in online fraud," IDG-News-Service ...

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TAGS:
internet
fraud

How Easy Is Prison for White-Collar Cons?

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Despite the widespread perception that white-collar offenders all get sent away to cushy Club Fed, the fact is that longer sentences are putting an increasing number of executive-level convicts in closer contact with violent criminals. That could set the stage for an uptick in prison violence ...

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TAGS:
prison sentences

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