FraudBaron.com

Woman Impersonates Federal Agent in Fraud Examination

chicagobreakingnews.com | 3/5/10 | $231,000 | suspect:  Jennifer Derrickson

A woman who tried to halt an investigation into her embezzlement of $231,000 from a West Chicago company by claiming she was a federal investigator taking over the case was sentenced Wednesday to four years in prison.

Bookeeper Embezzles from Florist

statesmanjournal.com | 2/10/10 | suspect:  Sonya Kyllo

A Silverton woman was sentenced to four years in prison for embezzling more than $200,000 from a florist.

Philanthropist Vilar Sentenced to 9 Years

reuters.com | 2/8/10 | suspect: Alberto Vilar

Alberto Vilar, a New York money manager convicted of fraud in 2008 after riding the dot.com tech stock boom and donating tens of millions of dollars to the arts, education and hospitals, was sentenced to nine years in prison on Friday.

Black Women Lawyer's Assoc of LA Embezzler Sentenced

presstelegram.com | suspect:  2/8/10 | suspect:  Lajetta Wright

A Long Beach attorney who pleaded guilty last year to embezzling more than $26,000 from a nonprofit group was sentenced to one year of probation.

Youth shelter ready to move on after embezzlement

ocregister.com | 11/19/10 | $435,000 | suspect:  Lydia Fitzgerald

The director of the Casa Youth Shelter says she is ready to close the book on more than two years of investigations and court hearings surrounding the woman who embezzled more than $435,000 from the organization.

Study: Women More Likely to Embezzle

webcpa.com | 1/15/10 |

Marquet International’s annual study of major embezzlement cases in the U.S. found that more than 60 percent of the incidents involved female perpetrators. However, male perpetrators embezzled nearly twice as much as females, on average. Two-thirds of the incidents were committed by employees who held finance and accounting positions.

Over 40 percent of the losses were caused by people between the ages of 40 to 49. The average loss was more than $1 million, and the median loss was $386,500. The average scheme lasted four-and-a-half years, a rather long time for an embezzlement scheme to go undetected.

Nearly 25 percent of all losses were inflicted upon financial institutions. One of the primary motivating factors was gambling.

A new report on embezzlement trends indicates an employee in the accounting department in the bank who likes to make lots of trips to the casinos is likely to be eyed much more skeptically, given the risk factors. Surprisingly, though, major embezzlers have a prior criminal history in less than 10 percent of the cases.

Interestingly, California and Florida consistently experienced the greatest losses from major embezzlements,  but Vermont had the highest loss ratio, followed by Wisconsin, Oklahoma, Montana and Iowa. Nonprofit and religious organizations accounted for more than 11 percent of all the incidents.

China Executes Former Securities Trader for Embezzlement

reuters.com | 12/09/09 | $9.5 million | suspect: Yang Yanming

China on Tuesday executed a former securities trader for embezzlement, the first person in the industry to be put to death, but millions of yuan are still missing, a state newspaper said.

COO Pleads Guilty to Embezzlement from Tenens Corporation

boston.fbi.gov | 12/2/09 | $20 million | suspect:  John F. Doorly

A Peabody man pled guilty on his first day of trial in U.S. District Court to a fraud scheme that netted him $20 million and which he used to purchase private jets and support an extravagant lifestyle for his family and mistresses.

Repeat Fraudster Sentenced in 10 Bank Fraud Scheme

missoulian.com | 11/2/09 | $800,000| suspect:  Lesslie Susan Stehr

A 45-year-old Missoula woman was sentenced Thursday to three years and eight months in a federal prison for embezzling more than $800,000 from the First National Bank of Montana.

Embezzlement Victim Frustrated Over Fraud Sentencing

independent.com | 10/29/09 | $500,000 | suspect:  Cathy Latou | victim:  Debbie Niday, owner, Santa Barbara Olive Co.

I am writing in regard to the pending sentencing of Cathy Latou for embezzling more than half a million dollars from the Santa Barbara Olive Company.