Before his arrest Wednesday, Paul Steed was a respected sugar market expert for a subsidiary of famed candymaker Mars Inc. He served on a U.S. trade advisory committee for sweeteners as well as on industry group boards, while giving presentations …
A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks. James Keating of Paoli, Pennsylvania on January 30 pleaded …
Federal prosecutors say a Mississippi woman has pleaded guilty to embezzling a total of more than $600,000 from two Louisiana employers. Christy Bartholomew, 39, of Hattiesburg, pleaded guilty earlier this week to wire fraud, the U.S. Attorney’s Office said in …
An Edmond, Oklahoma, man has admitted to embezzling more than $755,000 from his employer and to tax fraud. Court documents show 74-year-old Odis Aubrey King admitted in a plea agreement that he wrote more than 200 company checks to himself …
It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon level of …
Sage Group, already hit by an insider data breach this week, then found itself racing to shut down security lapses by more than 20 customers after a U.S. researcher uncovered stores of their corporate data exposed online. The British financial …
A former executive of QBE Insurance Group was sentenced on Thursday to 1-1/2 years in prison for conspiring to embezzle $2.6 million from the insurance company, some of which he used to buy a house and luxury vehicles. James Shea, …
Louisiana’s Department of Public Safety says it has taken steps to address problems detailed in a new state audit, including a lack of financial controls that led to misappropriation of more than $69,000 by three Office of Motor Vehicle employees …
Fraud Schemes Depend on Opportunity, Incentive, Rationalization It may come as a surprise to some that the typical fraudster in the workplace is not the bad-attitude ne’er-do-well that slinks off into the corner when faced with new responsibilities and additional …
