Archive for December 27, 2006

Defrauded Gemstar Investors to be Repaid

The Securities and Exchange Commission will soon begin to distribute $83 million to stockholders of Gemstar-TV Guide International Inc.

Alabama Attorney Arrested for Fraud

Christopher Croft, of Rainsville, Alabama, was arrested and charged with 54 counts of the sale of unregistered securities, two counts of securities fraud, and one count of selling securities without a license.

DaimlerChrysler Hires Outside Monitor in Bribery Investigation

Louis Freeh, former FBI Director, has just been hired by DaimlerChrysler to serve as an external monitor during an investigation into claims of bribery.

Texas Nursing Homes Being Sued for Negligence in Sexual Misconduct Case

Four East Texas nursing home operators are being sued for neglecting to run background checks and report the sexual misconduct of a nursing assistant who raped a brain-damaged female resident.

IRS to Reward Whistleblowers

The IRS recently announced that whistleblowers who turn in tax cheaters are now eligible to receive up to 30% of what the IRS recovers.

Ohio Man Sentenced to 19 Years for Fraud

Carl G. Fanaro must also pay $713,000 in restitution to victims and $42,000 in fines and court costs after being convicted on numerous counts.