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First CAN-SPAM Conviction
The United States Attorney’s Office for the Eastern District of Michigan announced the first conviction under the CAN-SPAM Act [Controlling the Assault of Non-Solicited Pornography and Marketing] Act of 2003. The criminal provision, 18 U.S.C. Sec. 1037, prohibits anyone from knowingly doing the following: (1) accesses a protected computer without authorization, and intentionally initiates the…
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The Last Independent Counsel Report
Independent Counsel David Barrett’s investigation of former HUD Secretary Henry Cisneros and alleged attempts to thwart the investigation has finally concluded, after nearly 11 years and over $20 million, with the release of the Final Report (here). Cisneros entered a guilty plea to a misdemeanor charge of lying to the FBI after an investigation into…
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Ralph Sampson Digs Himself a Deeper Hole
Former NBA star center Ralph Sampson, who is 7-4, finds himself in a bad position after being charged with perjury and making a false claim related to an affidavit of financial need he filed to obtain appointed counsel in connection with charges of failing to pay child support (see U.S. Attorney’s Office press release here). …
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‘Tis the Season for Embezzlement
Earlier posts (here and here) discussed recent embezzlement prosecutions in Washington, D.C., and Maryland involving large amounts of money transferred by the defendants to fund rather lavish personal spending. Another case in the District of Columbia seems to be the topper, at least for the victim missing a rather obvious sign that trouble could be…
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Another Loss Avoided Insider Trading Case
Has anyone heard this one before? The SEC filed a settled civil enforcement action against Deog Jeong, a co-founder of Silicon Image, Inc., a Silicon Valley-based semiconductor company. According to the SEC’s litigation release (here): [O]n November 7, 2003, Jeong was informed by Silicon Image’s Chief Executive Officer that the audit committee of the company’s…
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Lengthy Sentences for Husband and Wife in Wendy’s Severed Finger Hoax
The stomach-turning story of the discovery of a severed finger in a bowl of Wendy’s chili that was an attempt to scam the fast-food company resulted in sentences of 12 years for Jaime Plascencia and 9 years for his wife, Anna Ayala. At the time of the March 2005 claim that she bit on the…
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CEO of Rhode Island Hospital Fired Because of Corruption Indictment
Roger Williams Medical Center in Providence, Rhode Island, was indicted along with its now former CEO, Robert Urciuoli, and two other officers, on corruption charges related to payments to a former state Senator. The hospital rejected a plea bargain offered before the indictment on Jan. 5, and became the uncommon corporate defendant in a public…
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Office Assistant Stole HOW MUCH?
Fraud Alert posted here a link to a press release of the USA for the District of Columbia that reports that a "former office assistant pleads guilty to stealing $1.35 million from her employer." According to the press release, "between January 1999 and October 2004, [this individual], who was then an office assistant for […
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Does a Police Officer Have Special Skills?
According to the Chicago Tribune here, a police officer and supervisor (of "more than 100 officers at the city’s airports") plead guilty to fraud for stealing "$4,000 earmarked for a ceremony to honor heroic police officers." What will make this sentencing hearing particularly interesting is that both sides appear to be split on whether the…
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Transparency on Executive Pay
The SEC voted for greater transparency in executive pay packages. (see here) The new rules that have been published for comment: "would amend disclosure requirements for executive and director compensation, related party transactions, director independence and other corporate governance matters, and security ownership of officers and directors. The proposed rules would affect disclosure in proxy…
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