Ex-Deutsche Bank, AIG Executive Charged With Fraud - WSJ.com

Ex-Deutsche Bank, AIG Executive Charged With Fraud - WSJ.com: "former Deutsche Bank AG and American International Group Inc. executive has been charged with diverting company money to her husband's marketing firms, in part to cover expenses for their upstate New York horse farm.
Heidi Walker allegedly caused false invoices to be filed with Deutsche Bank's asset management unit, and later AIG's Global Investment Group, on behalf of companies owned by her husband,"

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Hedge Fund Hit With Side-Pocket Fraud Charges | FINalternatives

Hedge Fund Hit With Side-Pocket Fraud Charges | FINalternatives: "pair of hedge fund managers have been accused of using a side-pocket to conceal losses and overcharge investors.
The Securities and Exchange Commission said that PEF Advisors, run by Paul Mannion and Andrew Reckles, overvalued the hedge fund's investment in World Health Alternatives by more than a factor of 10. The Atlanta firm's Palisade Master Fund had about 20% of client assets invested in the company five years ago, when WHA announced that it was under investigation for accounting fraud.
PEF moved the WHA investment into a side-pocket as the stock's value plummeted by more than 90%. But according to the SEC, PEF continued to value the stake at $4.12 million, when it was worth $362,000, 'at most.'"

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gang known as the Harlem Boys has terrorized the Bartram Village housing development

gang known as the Harlem Boys has terrorized the Bartram Village housing development, federal authorities said, selling drugs and enforcing their rule with carjackings, shootings, and robberies.
One of their members was known by the fearsome nickname "Murder," and another recently gained citywide notoriety when he escaped from police by leaping from a van taking him to jail.

The gang members marked their territory with graffiti and their skin with tattoos, and prosecutors said they visited violence on anyone who strayed too close - rival dealers and innocent victims alike.

Since 2001, the Harlem Boys sold $3.5 million worth of crack cocaine and distributed a smorgasbord of other drugs, including prescription narcotics, prosecutors said.

At least six gang members were residents of Bartram Village, a Philadelphia Housing Authority property in Southwest Philadelphia.

Prosecutors said the gang controlled an area near the 5400 block of Harley Terrace and 2700 block of 54th Street, which the gang referred to as Harlem.

The gang used at least two apartments there for storing and cooking crack cocaine, according to a federal indictment unsealed Wednesday.

The 73-count indictment named 17 defendants, 10 of whom were arrested Wednesday in a joint operation between the Bureau of Alcohol, Tobacco, Firearms, and Explosives and the Philadelphia police.



Read more: http://www.philly.com/inquirer/local/20101007_Drug_raid_in_S_W__Philly_housing_complex_targets_Harlem_Boys_gang.html#ixzz11iIUg2on
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Judge: Conrad Black's crimes 'old-fashioned fraud' :: CHICAGO SUN-TIMES :: Business

Judge: Conrad Black's crimes 'old-fashioned fraud' :: CHICAGO SUN-TIMES :: Business: "Attorneys for media mogul Conrad Black argued to an appeals court panel Wednesday that the conviction of the onetime newspaper baron should be overturned, given a Supreme Court ruling earlier this year.
However, an attorney for Black bristled under questioning by Appellate Judge Richard A. Posner, who at one point called one of Black’s crimes “old-fashioned fraud.”

“You get $600,000 without an agreement . . . that’s old-fashioned fraud,” Posner said.
Black was convicted in 2007 of stealing millions of dollars from publisher Hollinger International, the former owner of the Chicago Sun-Times. He was convicted of attempting to disguise some of the money as “non-compete” payments. Black was also convicted of obstruction of justice for carting documents out of an office — some of which were sought by the Securities and Exchange Commission, prosecutors said."

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