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Word: scams (lookup in dictionary) (lookup stats)
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Imagine getting 10% for blowing the whistle on Madoff's $50 billion scam. "It's a simple thing that will stop a lot of fraud fast," says Goldman...

Author: /time Magazine | Title: Calling All Whistleblowers! The SEC Wants You | 2/24/2009 | See Source »

...will have comprehensive recommendations, but warned that doesn't mean the agency will implement them. And though some fixes, a proposed rule to separate custodian accounts for hedge fund assets, may make it harder for thieves, smart fraudsters "will just begin to work in pairs; one will run the scam and the other will run the custodian operation," says Goldman...

Author: /time Magazine | Title: Calling All Whistleblowers! The SEC Wants You | 2/24/2009 | See Source »

...charged with stealing at least six identities and using such disguises to forge her way into the Extension School, Columbia, and California State University, Fullerton. A federal judge in Greenville characterized her as a scheming manipulative criminal, according to the Associated Press. Reed’s scam was unveiled in 2006 when she applied for a job in Manhattan, using the persona of Brooke Henson, a South Carolina woman reported missing since 1999. She was indicted in September 2007 in Greenville S.C., on charges of mail fraud, wire fraud, and identity theft, Ed Donovon, a Secret Service spokesman, told...

Author: By Margherita Pignatelli, CONTRIBUTING WRITER | Title: Reed Charged With ID Theft | 2/19/2009 | See Source »

Last weekend, reports began circulating of Thomsen's departure, just a few days after House Financial Services Committee members ripped her for failing to spot Madoff's alleged $50 billion Ponzi scheme and ignoring nine years of whistle-blower tips about the scam. (See pictures of the demise of Bernard Madoff...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

Prior to joining the SEC, Schapiro was the highly paid chief executive officer of the Financial Industry Regulatory Authority (FINRA), a self-regulatory agency that also missed Madoff's scam. Upon leaving FINRA last month, Schapiro received a $7.2 million severance payment...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

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