Read the story here and here.
Update (9/21/12): Morris pleaded guilty to 3 felony counts of mail and wire fraud.
Update (12/17/12): Morris was sentenced to 78 months in prison and ordered to pay $5.6 million in restitution.
FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.