Bernard Madoff Suffered Heart Attack

For the skeptical, Bernard Madoff indeed has a heart. According to CNBC, the 75-year-old was returned to prison last month after having been hospitalized at Duke University Medical Center for a heart attack. That’s not the end of the billionaire…

California Octomom – Guilty Of Welfare Fraud?

The story of Nadya Suleman, appropriately named “Octomom” because she gave birth to octuplets in 2009, conceived through in-vitro fertilization, made headline news when the birth occurred. She is the mother to 14 children that include the octuplets. She received…

Nadya “Octomom” Suleman Charged With Welfare Fraud By L.A. County Prosecutors

Nadya Suleman, who became known as “Octomom” after she gave birth to eight kids, was charged Monday with 3 counts of welfare fraud after failing to report nearly $30,000 in earnings she collected from public assistance, authorities said. According to…

JPMorgan Scraps Twitter Q&A Over Fiscal Furor

It was a brief idea that lasted all of nine glorious hours: the vice-chairman of US corporate banking giant JPMorgan, Jimmy Lee, announced he would be taking over the @jpmorgan Twitter feed at 1pm today. By last night, however, major…

Lights Over Paris Singer Sentenced to Prison

The lead singer of the Los Angeles rock band, Lights Over Paris, has been sentenced to seven years in prison for loan fraud. Frontman, Robb “TaLLLLL” University (born as Robert Mawhinney) was charged in January for a series of fraudulent…

Bernie Madoff Accountant Charged with Fraud

NBC News reported this week that Paul Konigsberg, an attorney and accountant, was charged yesterday with falsifying records and related securities connected to the Bernie Madoff Ponzi scheme. Konigsberg is the only non-Madoff family member who owned a controlling interest…

Online Security, Are We All Potentially At Risk?

How safe are we really? One may wonder if large corporations, small businesses, and individuals are all subject to online fraud. Financial Fraud Action UK has recently reported that losses incurred due to online security failures are increasing. Though there…

“Real Housewives” star facing 50 Years in Prison

Federal fraud. Tax evasion. Jail. It’s the real-life reality for one of television’s most infamous “hotty” housewives. Some law enforcement officials say years of real-life prison time could possibly await her. “Teresa and Giuseppe ‘Joe’ Giudice have been indicted on…

7-Eleven Raids: Nine Arrested For Illegal Workers

The U.S. Attorney’s Office today unsealed two indictments charging nine 7-Eleven store owners and operators with wire fraud, steling identities, and concealing and harboring illegal immigrants. The defendants are accused hiring “dozens” of illegal immigrants and giving them identities stolen…

Lenny Dykstra to Leave Prison on Sunday

Former Major League Baseball star Lenny Dykstra is set to be released from prison on Sunday, just 15 months into his three-year prison sentence. The Philadelphia Inquirer, which first reported the news, quotes a Dykstra biographer as saying he is…