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 Marquet International Ltd., an international investigations, litigation support and due diligence firm. This blog is intended for attorneys, law enforcement, investigators, regulators and others interested in white collar fraud trends, enforcement and prevention.