NEW YORK (AP) — Hewlett-Packard Co. said on Tuesday that it's the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances. HP CEO Meg Whitman said executives at Autonomy Corporation PLC "willfully" boosted the company's figures through various accounting tricks, which convinced…
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Former employees of Edison law firm admit embezzling more than $788,000
Two former employees of an Edison-based law firm admitted to conspiring to defraud their former employer by improperly diverting more than $788,000 from the law firm, U.S. Attorney Paul J. Fishman said in a news release on Monday. Marla Deptula, 45, of Sayreville pleaded guilty to one count of conspiracy to commit mail fraud and…
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Ex-Dixon comptroller pleads guilty in $53 million scam
A former longtime treasurer of Dixon pleaded guilty today to fraud in federal court in Rockford for stealing $53 million from the coffers of the small northwestern Illinois city over two decades. Rita Crundwell will remain free on her own recognizance until her sentencing on Feb. 14. When asked her plea to the one count…
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Beware: Time is ripe for Hurricane Sandy scams
Investment scams and charity fraud crop up after every natural disaster. But Hurricane Sandy is the first U.S. catastrophe to occur in the social-media age. "We are in uncharted territory," says Andrew Stoltmann, a Chicago securities attorney. "And social media has expanded the tentacles of scamsters exponentially." A decade ago fraudsters had to rely on…
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