Fraud

Last year, as part of its “Operation Clean Sweep,” the Federal Trade Commission filed charges against a number of entities in an effort to crack down on credit repair scams. In one case, it charged Advantage Credit Repair LLC and Mark D.

The New York State Commission on Public Integrity issued a report today that is likely to end the battle being waged by New York State Governor David Paterson to retain his position as governor until the end of his term. The reason? Yankees tickets. 

The Times is reporting now that Thaksin Sinawatra, the former prime minister of Thailand and a telecommunications billionaire, must give up $1.4 billion of his $2.3 billion in assets for “unscrupulous” business transactions. 

The article, by Seth Mydans and Thomas Fuller, is online at http://www.nytimes.com/2010/02/27/world/asia/27thai.html?hp=&pagewanted=print.

On October 6, Raymond B. Harding, the one time leader of New York's Liberal Party, pleaded guilty in a New York state court to a class E felony and a class A misdemeanor.

We knew there was some Noir missing from the Pinot Noir we’d bought from E & J Gallo. Now, a French judge has confirmed that we were right: poorer quality wine was mislabeled as higher quality and sold to Gallo. Declaring “there has been fraud,” the judge delivered a harsh, albeit suspended, prison sentence to several of the guilty wine producers/traders, and imposed fines.

U.S. citizens and residents have an obligation to report to the Internal Revenue Service on Schedule B of a U.S. Individual Income Tax Return (Form 1040) whether that individual had a financial interest in, or signature authority over, a financial account in a foreign country in a particular year by checking “Yes” or “No” in the appropriate box and identifying the country where the account was maintained.   Moreover, U.S.

Bank of America, its former CEO Kenneth D. Lewis, and its former CFO Joseph L. Price have been charged with duping shareholders and the federal government to complete a merger with Merrill Lynch. According to a lawsuit filed today by N.Y. Attorney General Andrew Cuomo, Bank of America’s management intentionally failed to disclose massive losses at Merrill so that shareholders would vote to approve the merger.

In a fraud case against two defendants, the federal government indicated that Professor Eric J.

As early as the Western Zhou Dynasty, about 3,000 years ago, China established an official position named Zaifu to perform audits. That position is regarded as a rudimentary form of auditing in China.

A decision yesterday by an intermediate appellate court in New York is based on the well known section of the Uniform Commercial Code upholding “as is” sales. The brief opinion recites that the plaintiff asserted claims including fraud and negligent misrepresentation against the Christie’s auction house arising out of an auction of memorabilia from Star Trek.