From the Mount Airy News on 1/7/14:
The former office manager of Mount Airy Vision Center has been charged with two counts of embezzlement and six counts of obtaining property for false pretense, involving a loss of at least $212,322, city police say.
Rene Boyles Bowman, 49, now resides in Statesville, but is said to have lived in Mount Airy at the time of the alleged wrongdoing. She turned herself in Monday at the Iredell County Sheriff’s Office on the eight local felony charges that capped an investigation lasting nearly a year.
...
Read the whole story here.
Wednesday, January 8, 2014
Tuesday, January 7, 2014
Former Chicago Schools Employee Found Dead Now Accused Of Embezzling $420K
From the Chicago Tribune on 1/6/14:
A technology coordinator at a North Side high school embezzled nearly $420,000 from Chicago Public Schools in an elaborate, decadelong fraudulent billing scheme, according to an investigation highlighted in the district inspector general's annual report.
The suspect, Roberto Tirado of Lake View High School, resigned as the investigation was underway and in January 2012 was found dead in a hotel in Tijuana, Mexico, according to Inspector General Jim Sullivan, whose report was released Friday.
The investigation found that from 2001 to 2011, Tirado lined up nine former classmates and students to pose as CPS vendors. He then had checks issued to them from the district delivered to a post office box he opened in Evanston, according to Sullivan's report.
Read the whole story here.
A technology coordinator at a North Side high school embezzled nearly $420,000 from Chicago Public Schools in an elaborate, decadelong fraudulent billing scheme, according to an investigation highlighted in the district inspector general's annual report.
The suspect, Roberto Tirado of Lake View High School, resigned as the investigation was underway and in January 2012 was found dead in a hotel in Tijuana, Mexico, according to Inspector General Jim Sullivan, whose report was released Friday.
The investigation found that from 2001 to 2011, Tirado lined up nine former classmates and students to pose as CPS vendors. He then had checks issued to them from the district delivered to a post office box he opened in Evanston, according to Sullivan's report.
Read the whole story here.
Former CFO Of New York Company Charged With Embezzling $5.7 Million
From the White Plains Daily Voice on 1/7/14:
A federal grand jury in White Plains indicted Gregg Pierleoni with mail and wire fraud in connection with the embezzlement of $5.7 million from his former Larchmont employer, according to a statement released by U.S. Attorney Preet Bharara.
Pierleoni, of New Fairfield, Conn., was accused of moving funds from Collins Brothers Moving Company's operating account to other accounts. He then allegedly wrote checks from those accounts to pay his personal American Express bills, according to Bharara.
Read the whole story here.
A federal grand jury in White Plains indicted Gregg Pierleoni with mail and wire fraud in connection with the embezzlement of $5.7 million from his former Larchmont employer, according to a statement released by U.S. Attorney Preet Bharara.
Pierleoni, of New Fairfield, Conn., was accused of moving funds from Collins Brothers Moving Company's operating account to other accounts. He then allegedly wrote checks from those accounts to pay his personal American Express bills, according to Bharara.
Read the whole story here.
Ohio Man Charged With Embezzling $1.8 Million From Credit Union
From the Cleveland Plain Dealer on 1/6/14:
Federal embezzlement charges were filed today against a Lakewood man accused of stealing more $1.8 million from a Euclid credit union.
William Memmer, 63, used the stolen funds to pay bills he incurred on about 15 personal credit cards, according to U.S. Attorney Steven Dettelbach.
Memmer was charged in a criminal information with embezzlement and for making false entries in credit union records and reports. Informations are usually used when the suspect is cooperating with the FBI and federal prosecutors, and intends to plead guilty to the charges.
Read the whole story here.
Federal embezzlement charges were filed today against a Lakewood man accused of stealing more $1.8 million from a Euclid credit union.
William Memmer, 63, used the stolen funds to pay bills he incurred on about 15 personal credit cards, according to U.S. Attorney Steven Dettelbach.
Memmer was charged in a criminal information with embezzlement and for making false entries in credit union records and reports. Informations are usually used when the suspect is cooperating with the FBI and federal prosecutors, and intends to plead guilty to the charges.
Read the whole story here.
Wednesday, January 1, 2014
Woman Sentenced To 15 Years For Embezzling $100K From Washington College In Maryland
From Kent County News on 1/1/14:
Pointing to what he portrayed as a “mountain of evidence,” Judge Paul M. Bowman sentenced a former Washington College Dining Services employee to 15 years in prison for conducting a theft scheme of more than $100,000. The judge suspended eight years, meaning that Wendy Sue Marker will serve seven years of active incarceration.
Read the whole story here.
Pointing to what he portrayed as a “mountain of evidence,” Judge Paul M. Bowman sentenced a former Washington College Dining Services employee to 15 years in prison for conducting a theft scheme of more than $100,000. The judge suspended eight years, meaning that Wendy Sue Marker will serve seven years of active incarceration.
Read the whole story here.
Fugitive Georgia Banker Accused Of Embezzling $21 Million Is Arrested
From the Savannah Morning News on 12/31/13:
A Georgia banker accused of embezzling more than $20 million who has been the subject of an FBI search since he went missing last summer was arrested Tuesday during a random traffic stop in Brunswick.
Aubrey Lee Price, 47, originally from Lyons, was indicted in July 2012 by a federal grand jury sitting in the Southern District of Georgia on a charge that he defrauded the Montgomery Bank & Trust in Ailey of more $21 million.
Read the whole story here.
Update (10/28/4):
A former Georgia investment adviser was sentenced to 30 years in prison Tuesday for committing fraud that fueled a bank's collapse, cost investors millions of dollars and turned the accused banker into a fugitive who was ultimately - and mistakenly - declared dead.
Aubrey Lee Price, 48, returned to U.S. District Court for sentencing after he pleaded guilty in June to bank, wire and securities fraud. Price lost much of the $40 million he raised from about 115 clients at his private investment firm. Prosecutors say he also misspent, embezzled and lost $21 million belonging to the Montgomery Bank & Trust in rural southeast Georgia, where Price served as bank director.
Price vanished in June 2012, a few weeks before the bank closed with its assets and reserves depleted, and he left rambling letters saying he planned to jump off a ferryboat. In December 2013, a year after a Florida judge declared him dead at his wife's request, Price was captured in a routine traffic stop near Brunswick on the Georgia coast.
Price cut a plea deal with prosecutors that called for a maximum of 30 years in prison in exchange for his guilty pleas to three fraud counts. Price also agreed to pay tens of millions in restitution for bank and investor money that he lost, despite having convinced the court to appoint him a lawyer because he had no money to hire one.
Price gave a rambling speech in front of the judge in which he acknowledged responsibility but also blamed other managers at the bank for its collapse. Still, he pledged to help recoup the money, and officials say he is cooperating with their efforts to collect restitution.
"These clients that are here today, and those who are not here, it's important for them to understand I'm trying my best to help them get their money back," Price said in court.
Michael Smith invested $894,000 of his retirement savings with Price, and all of it was lost. He was not optimistic he would have any of it returned.
"I don't think we'll ever see a dime, but I think it's appropriate," Smith said of the sentence.
At his plea hearing June 5, Price told the judge he lied to clients and gave them phony financial statements to cover his tracks as he lost their money in speculative trading and other high-risk investments.
He said his flight from the financial mess left him depressed. He said he tried smoking marijuana and methamphetamine and cocaine, but mostly self-medicated with the prescription amphetamine Adderall. Price said he also adopted at least five aliases, including Jason Rollins and Javier Martinez.
He worked odd jobs and performed migrant labor, according to accounts he gave authorities when he was arrested. Florida investigators suspect he also may have been growing marijuana.
The plea agreement settled federal charges pending against Price in Georgia and New York. Prosecutors agreed to drop 16 related bank fraud counts in Georgia plus charges in Miami related to the Coast Guard's search for Price.
A federal receiver appointed to recoup money for Price's investors reported July 30 that about $3.3 million had been collected. But that includes $1.8 million in life insurance payments made after Price was declared dead. Insurance companies have gone to court seeking to take that money back.
A Georgia banker accused of embezzling more than $20 million who has been the subject of an FBI search since he went missing last summer was arrested Tuesday during a random traffic stop in Brunswick.
Aubrey Lee Price, 47, originally from Lyons, was indicted in July 2012 by a federal grand jury sitting in the Southern District of Georgia on a charge that he defrauded the Montgomery Bank & Trust in Ailey of more $21 million.
Read the whole story here.
Update (10/28/4):
A former Georgia investment adviser was sentenced to 30 years in prison Tuesday for committing fraud that fueled a bank's collapse, cost investors millions of dollars and turned the accused banker into a fugitive who was ultimately - and mistakenly - declared dead.
Aubrey Lee Price, 48, returned to U.S. District Court for sentencing after he pleaded guilty in June to bank, wire and securities fraud. Price lost much of the $40 million he raised from about 115 clients at his private investment firm. Prosecutors say he also misspent, embezzled and lost $21 million belonging to the Montgomery Bank & Trust in rural southeast Georgia, where Price served as bank director.
Price vanished in June 2012, a few weeks before the bank closed with its assets and reserves depleted, and he left rambling letters saying he planned to jump off a ferryboat. In December 2013, a year after a Florida judge declared him dead at his wife's request, Price was captured in a routine traffic stop near Brunswick on the Georgia coast.
Price cut a plea deal with prosecutors that called for a maximum of 30 years in prison in exchange for his guilty pleas to three fraud counts. Price also agreed to pay tens of millions in restitution for bank and investor money that he lost, despite having convinced the court to appoint him a lawyer because he had no money to hire one.
Price gave a rambling speech in front of the judge in which he acknowledged responsibility but also blamed other managers at the bank for its collapse. Still, he pledged to help recoup the money, and officials say he is cooperating with their efforts to collect restitution.
"These clients that are here today, and those who are not here, it's important for them to understand I'm trying my best to help them get their money back," Price said in court.
Michael Smith invested $894,000 of his retirement savings with Price, and all of it was lost. He was not optimistic he would have any of it returned.
"I don't think we'll ever see a dime, but I think it's appropriate," Smith said of the sentence.
At his plea hearing June 5, Price told the judge he lied to clients and gave them phony financial statements to cover his tracks as he lost their money in speculative trading and other high-risk investments.
He said his flight from the financial mess left him depressed. He said he tried smoking marijuana and methamphetamine and cocaine, but mostly self-medicated with the prescription amphetamine Adderall. Price said he also adopted at least five aliases, including Jason Rollins and Javier Martinez.
He worked odd jobs and performed migrant labor, according to accounts he gave authorities when he was arrested. Florida investigators suspect he also may have been growing marijuana.
The plea agreement settled federal charges pending against Price in Georgia and New York. Prosecutors agreed to drop 16 related bank fraud counts in Georgia plus charges in Miami related to the Coast Guard's search for Price.
A federal receiver appointed to recoup money for Price's investors reported July 30 that about $3.3 million had been collected. But that includes $1.8 million in life insurance payments made after Price was declared dead. Insurance companies have gone to court seeking to take that money back.
Friday, December 20, 2013
Seasons Greetings From FraudTalk & Marquet International
 |
| Seasons Greetings from FraudTalk and Marquet International |
Thursday, December 12, 2013
Bosses Behaving Badly: Detecting, Deterring, and Mitigating the Risks of Executive Misconduct
If you are in the Boston area, join me at this interesting seminar: Bosses Behaving Badly: Detecting, Deterring, and Mitigating the Risks of Executive Misconduct. I have collaborated with industry experts in computer forensics and employment law to host this event on January 16, 2014.
For a description, go here and to register, go here. There is a modest charge and space is limited to 100 people. I hope to see you there.
For a description, go here and to register, go here. There is a modest charge and space is limited to 100 people. I hope to see you there.
Tuesday, December 10, 2013
Nice Employee Theft Infographic
See the infographic on employee theft created by Aldo Baker: http://bit.ly/ThievingEmployees.
Friday, November 22, 2013
A Busy Day For Embezzlement In The US Yesterday
Lots of Major embezzlement cases in the news yesterday:
Michigan woman pleads guilty to embezzling $148,000 from political consulting
firm:
Former law enforcement official and his wife charged with embezzling over
$100,000 from fire department in upstate New York:
Former athletic director for the Tulsa, Oklahoma public school system receives only 7 months for embezzling $92,000:
Court administrator in Missouri pleads guilty to embezzling about
$140,000 in public funds:
North Carolina Fire official helps himself to $269,000 in municipal funds:
Office manager for medical clinic in Kansas gets “at least
$130,000” and maybe as much as $182,000:
Former Connecticut Tribal exec get only 18 months for embezzling $100,000:
Secretary from Anchorage high school district steals
$135,000 in the "largest heist ever" impacting the Anchorage school district:
Texas man is 5th to plead guilty to conspiracy in diversion of $133 million intended for payroll
taxes:
http://www.seattlepi.com/news/texas/article/Man-pleads-guilty-in-Texas-to-133M-tax-fraud-4998668.php
Former athletic director for the Tulsa, Oklahoma public school system receives only 7 months for embezzling $92,000:
Thursday, October 31, 2013
Private investigator offers a long look at love
From WickedLocal on 10.31.13:
After 30 years working as a private investigator in the corporate world, Wellesley resident Chris Marquet is expanding his business into the romance sector. He admits, though, that there’s little romance that comes with work that involves taking a long, hard look into the backgrounds of potential suitors.
"It’s more self preservation," Marquet said of his new service: CheckOutYourPartner.com, which offers in-depth analysis of clients’ significant others. "It’s geared toward people that want to protect their assets, interests or loved ones."
...
Read the whole article here.
After 30 years working as a private investigator in the corporate world, Wellesley resident Chris Marquet is expanding his business into the romance sector. He admits, though, that there’s little romance that comes with work that involves taking a long, hard look into the backgrounds of potential suitors.
"It’s more self preservation," Marquet said of his new service: CheckOutYourPartner.com, which offers in-depth analysis of clients’ significant others. "It’s geared toward people that want to protect their assets, interests or loved ones."
...
Read the whole article here.
Tuesday, October 29, 2013
Massive $20 Million Embezzlement Alleged In Chicago
See Crain's Chicago Business article today, "The $20 million fraud scheme that almost never ended." Husband and wife doctors allege that their bank, Devon Bank, turned a "blind eye" to a conspiracy that allowed two employees to embezzle some $20 million from their medical practice over a period of about 21 years. The two former employees, also named as defendants in the suit, are identified as Irina Nakhshin and Inna Koganshats.
Wow. Developing...
Wow. Developing...
Monday, October 28, 2013
St. Louis Post Dispatch: Wave of embezzlement cases hits St. Louis region
The St. Louis Post Dispatch published an article today entitled, "Wave of embezzlement cases hits St. Louis region," featuring Marquet International, as excerpted from the article:
... But “St. Louis isn’t alone,” said Chris Marquet, head of corporate investigations firm Marquet International in Wellesley, Mass. Cases of white collar fraud appear to be rising across the country, Marquet said.
While no one maintains a comprehensive database of employee fraud cases, an annual study by Marquet International of major embezzlement cases found that 2012 “was a blockbuster year for employee theft in the United States, accelerating over the shocking pace set over the past couple of years.”
Marquet said he expects the pace to increase in 2013.
The 2012 study found 528 major embezzlement cases, defined as thefts totaling more than $100,000. That was an 11 percent increase from 2011...
Some were greedy, Marquet said. Some had gambling addictions. In many cases, the weak economy seemed to act as a driving force behind these crimes, leading employees to stretch across criminal lines to make ends meet or sustain a lifestyle beyond their means.
“Some perpetrators came to believe they were owed this money or they deserved this money,” Marquet said.....
Read the whole article here.
... But “St. Louis isn’t alone,” said Chris Marquet, head of corporate investigations firm Marquet International in Wellesley, Mass. Cases of white collar fraud appear to be rising across the country, Marquet said.
While no one maintains a comprehensive database of employee fraud cases, an annual study by Marquet International of major embezzlement cases found that 2012 “was a blockbuster year for employee theft in the United States, accelerating over the shocking pace set over the past couple of years.”
Marquet said he expects the pace to increase in 2013.
The 2012 study found 528 major embezzlement cases, defined as thefts totaling more than $100,000. That was an 11 percent increase from 2011...
Some were greedy, Marquet said. Some had gambling addictions. In many cases, the weak economy seemed to act as a driving force behind these crimes, leading employees to stretch across criminal lines to make ends meet or sustain a lifestyle beyond their means.
“Some perpetrators came to believe they were owed this money or they deserved this money,” Marquet said.....
Read the whole article here.
Sunday, October 27, 2013
Washington Post: Inside the hidden world of thefts, scams and phantom purchases at the nation's nonprofits
The Washington Post published an above-the-fold article entitled, Inside the hidden world of thefts, scams and phantom purchases at the nation's nonprofits, which is quite thorough and illuminating. It also happens to include a reference to the 2012 Marquet Report on Embezzlement with an appropriate quote from yours truly.
Read the whole article here.
Read the whole article here.
Wednesday, October 9, 2013
Check Out Your Partner Launched By Marquet International, Ltd.
See www.checkoutyourpartner.com
For
Immediate Release
Contact:
Karen White, Vice President of
Administration
(917) 733-1038 or info@marquetinternational.com
or info@checkoutyourpartner.com
Marquet International launches CheckOutYourPartner.com
– offering exclusive matrimonial investigations and screening service focused
on significant others
Boston
– October 7, 2013 – Marquet International Ltd. announced today that it has launched
CheckOutYourPartner.com, a website through which it offers a battery of
matrimonial investigations service along with a background screening service
for high net-worth individuals seeking to learn more about the track records,
backgrounds and histories of potential spouses and significant others.
Chris Marquet, CEO of Marquet
International commented, “Since 2007 we have provided high-end matrimonial
investigations and due diligence services to exclusive consumers on an ad hoc
basis. With CheckOutYourPartner, we have
now codified the services as a distinct offering for our valued non-commercial clients.”
In matrimonial dispute cases, CheckOutYourPartner
provides a range of investigative services, including:
·
Verifying, determining & documenting
fidelity issues;
·
Identifying and documenting personal problems
and vices;
·
Assessing and tracing assets;
·
Financial investigations and separation analysis;
·
Computer forensic analysis;
·
Developing evidence;
·
Providing ongoing stationary and mobile
monitoring;
·
Risk and threat assessments;
·
Documenting abuse;
·
Providing protective security and consulting; and,
·
Witness development.
KnowYourParnter also provides a high
level vetting service of potential spouses and significant others in response
to the explosion of online dating activity in the US. “If they do it at all, online dating services
do not do an adequate job of screening their members for serious issues such as
criminal histories, financial problems and other risk factors. CheckOutYourPartner assists a discerning
clientele with the vetting process in order to align hearts with minds.”
Unlike the many online database
information aggregators purporting to provide “background investigations,” CheckOutYourPartner
offers “hand crafted” professional investigative services for clients seeking
thorough, verified and accurate information obtained in a legal and discreet
manner. “These days there is a
tremendous amount of information out there online – much of which is irrelevant
or inaccurate – which has to be sifted through.
Nevertheless, this must be augmented with more traditional fact finding
methods as there is no substitute for boots on the ground,” said Marquet.
*
* * * *
About CheckOutYourPartner
CheckOutYourPartner is an exclusive
screening and investigative service for discerning consumer clients seeking to
discreetly learn more about the backgrounds and track records of spouses,
potential spouses and significant others.
CheckOutYourPartner experts also provide a wide range of matrimonial
dispute investigative services, including verifying, determining &
documenting fidelity issues; identifying and documenting personal problems and
vices; assessing assets; conducting financial investigations; providing
computer forensic analysis; developing evidence; ongoing stationary and mobile
monitoring; risk and threat assessments; protective & security consulting services,
documenting abuse; and witness development.
For more information, go to www.checkoutyourpartner.com.
About Marquet international Ltd.
Marquet International
is a professional business investigations, due diligence, litigation support
and security consulting firm, based in Boston.
Led by 30-year veteran industry expert, Chris Marquet, the firm provides
Corporate
Intelligence & Due Diligence services in corporate transactions and to
vet key personnel; Litigation Support
and Corporate Investigation services on behalf of general counsel and law
firms representing clients in matters involving fraud and employee misconduct,
intellectual property disputes, hostile takeovers, asset recovery, electronic
evidence and forensic accounting; and a range of Security Consulting Services. For more information, go to www.marquetinternational.com.
Saturday, September 21, 2013
Judge Rejects Plea Agreement For City Councilman In $304K Embezzlment Case
Judge rejects embezzlement deal for former
Glendale councilman (Los
Angeles Times)
A judge on Friday rejected a plea deal reached
between prosecutors and a former Glendale councilman accused of embezzling
more than $304,000, calling the agreement a "slap on the wrist" for someone in a position of public trust.
Los Angeles Superior Court Judge Stephen Marcus said former Councilman John Drayman should go to jail if found guilty of the embezzlement, perjury and tax fraud charges, rejecting a deal that would have exchanged a guilty plea for community service and restitution.
Drayman is now scheduled to begin his criminal trial in November...
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