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Israel's Foreign Minister Told He Will Be Indicted for Fraud

JERUSALEM -- The Israeli attorney general today told Foreign Minister Avigdor Lieberman that, pending a hearing, he will be indicted for fraud, money laundering and witness-tampering, a move that could eventually bring the collapse of the government. Lieberman faces up to 10 years in jail if convicted. The draft...

Madoff to Magazine: 'Government Is a Ponzi Scheme'

NEW YORK -- Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme. "The whole new regulatory reform is a joke," Madoff said during a telephone interview...

Ohio Gov. Asked to Pardon Mom Jailed in School Enrollment Fraud

The governor of Ohio has received 165,000 petition signatures asking him to pardon Kelley Williams-Bolar, the woman who spent 10 days in jail for fraudulently enrolling her children in a more desirable school district. Three nonprofit groups -- ColorofChange.org, Change.org and MomsRising.org -- delivered the petition to...

Madoff Lawsuit: Mets Owners Owe Victims $300 Million

NEW YORK -- The owners of the Mets turned a blind eye to Bernard Madoff's massive fraud, reaping $300 million in false profits and using a large chunk to run the team, according to a lawsuit unsealed Friday. The lawsuit claims the owners were so dependent on the disgraced financier's too-good-to-be-true returns that they...

Power Balance Admits There's No Evidence Its Strength Bands Work; Twitter Responds

Power Balance's "athletic strength bands" don't actually do anything, the company had to admit in Australian media today. They're offering refunds to Australian customers who were enticed by promises of improved "strength, balance and flexibility." The bands, which go for about $29, have been spotted on the wrists of...

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06/02/12 John Edwards' prosecution an uphill battle from the... Source: Los Angeles Times - Los Angeles CA Almost from the moment John Edwards was indicted a year ago, some legal analysts warned that a criminal case was nearly unwinnable.
06/02/12 Op-Ed Columnist: The Mortgage Fraud Fraud Source: International Herald Tribune Charlie's ordeal isn't over yet, of course.
06/02/12 EFCC Docks Banker for N125 Million Scam Source: AllAfrica.com The Economic and Financial Crimes Commission, EFCC, has arraigned a former female banker, Mrs. Marilyn-Joan Obiora before Justice Umar of the Federal High Court sitting in Umuahia, Abia State on a 15 count charge bordering on conspiracy and fraud.
06/02/12 Police Seek Man Using Stolen Credit Card Source: Hampton-North Hampton Patch - Hampton-North Hampton NH The Seabrook Police Department has issued an alert for a white man who recently purchased cigarettes from a local business using a stolen credit card.
06/02/12 Credit.com in the News 6/2/12 Source: CreditBloggers This week the experts from Credit.com talked to the media about the latest news in prepaid cards, underwater mortgages, credit cards and paying the debts of a deceased loved one.