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Sequence Inc. FRAUDfiles by Tracy Coenen

• Nominee for Mother of the Year

  The Milwaukee NBC affiliate is reporting that Corinna Kuhnke allowed her 2-year-old to smoke a cigarette at a restaurant. Witnesses say that a woman with Kuhnke and her son lit the cigarette that the boy put in his mouth. Kuhnke denies it all, and says that her son just got [...]
  
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  Fetched: May 13, 2008, 5:46pm Eastern Daylight Time

ABA Journal Top Stories

• Colombia Extradites 14 Warlords to Face U.S. Drug Charges

  Updated: In an unexpected move this morning, Colombia extradited what a Florida newspaper describes as 14 notorious paramilitary warlords to face cocaine-trafficking charges in the United States. The 14 were put on planes to New York, Washington, D.C., and Miami, reports the Miami Herald. They include: Hernán… [...]
  
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  Fetched: May 13, 2008, 5:03pm Eastern Daylight Time

1440 Wall Street

• Bill Miller Puts on His Marketing Hat

  Money Managers that get on a roll often look at clients as a bit of a nuisance. Who needs them when another is ready to take their place? Of course, when times are tough, their accessibility increases dramatically. Face time? Yeah, they can do that.
  
  Bill Miller had his [...]
  
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  Posted: May 13, 2008, 3:44pm Eastern Daylight Time

• Bill Miller Puts on His Marketing Hat

  Money Managers that get on a roll often look at clients as a bit of a nuisance. Who needs them when another is ready to take their place? Of course, when times are tough, their accessibility increases dramatically. Face time? Yeah, they can do that.
  
  Bill Miller had his [...]
  
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  Posted: May 13, 2008, 3:44pm Eastern Daylight Time

ABA Journal Top Stories

• Lack of Work for Summer Associates?

  Summer associate programs at BigLaw firms are famously a time for potential legal eagles to play as well as work. But work may occupy even less of their time this year because of a slowdown at a number of corporate law firm departments. Some firms are cutting the duration of…[...]
  
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  Fetched: May 13, 2008, 3:04pm Eastern Daylight Time

• Court Tosses Arbitrator’s Suit Against Law Firm That Sought His Recusal

  A federal judge has ruled a private arbitrator has no standing to sue a law firm based on allegations it made false charges in court papers that sought to disqualify him. Arbitrator Edwin Naythons, a former federal magistrate, had sued the Philadelphia-based law firm Stradley Ronon Stevens & Young for…[...]
  
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  Fetched: May 13, 2008, 3:04pm Eastern Daylight Time

• Judge Refers Lawyer to Ethics Panel for Dropping Appeal Pending Fee Payment

  A federal appeals judge has referred a lawyer to a grievance panel for stopping work on his client’s appeal because his fees had not been fully paid. Senior Judge Jon O. Newman said lawyer Douglas Rosenthal failed to file a form that resulted in dismissal of an appeal for his…[...]
  
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  Fetched: May 13, 2008, 3:04pm Eastern Daylight Time

• Prosecutors May Stay on Cases Despite Role in Fictionalized Crimes, Court Says

  The California Supreme Court has refused to kick two prosecutors off pending cases over alleged conflicts of interest caused by their participation in fictionalized portrayals of crimes. In one of the rulings, the court said "only an actual likelihood of unfair treatment, not a subjective perception of impropriety" warrants removal…[...]
  
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  Fetched: May 13, 2008, 3:04pm Eastern Daylight Time

Sequence Inc. FRAUDfiles by Tracy Coenen

• Usana Health Sciences buyout news

  This morning, it was announced that Usana founder and current chairman and CEO Myron Wentz offered to buy all outstanding stock of Usana Health Sciences (NASDAQ:USNA) at $26.00 per share. The closing price of the stock on May 12 was $20.83, so this represented almost a 25% premium. The buyout would [...]
  
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  Fetched: May 13, 2008, 3:04pm Eastern Daylight Time

Wall $treet Folly

• Blackstone is starting up an Asian Event Driven fund business

  With private equity deals few and far between, Blackstone is delving deeper into the event driven fund business. And they're looking to further expand their interests in Asia with their most recently announced move. Schwarzman & Co is starting up...
  

  [...]

  
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  Posted: May 13, 2008, 1:55pm Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)

Executive Fraud Blog

• Subprime Mortgage Credit Derivatives - Fabozzi New Release

  
  
  

  Subprime Mortgage Credit Derivatives by Frank J. Fabozzi

  Subprime mortgage bonds and ABS CDOs have become the biggest credit and risk management failure in history. Their story is one of how a small, inconsequential part of [...]

  
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  Posted: May 13, 2008, 1:42pm Eastern Daylight Time by scc1983

• HSBC $4.6 Billion Writedown

  [www.bloomberg.com]

  That would make it $15 billion on the year and $27 billion over a two year period. All I can say is WOW...

  [...]
  
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  Posted: May 13, 2008, 1:32pm Eastern Daylight Time by scc1983

ABA Journal Top Stories

• Lawyer Who Fought Nuclear Waste Had Unusual Last Request

  A lawyer who died at the age of 53 after a campaign to ban a nuclear waste dump at Yucca Mountain had an unusual request in the obituary he wrote for himself. Joseph Egan wrote in the obit, posted on his firm’s website, that he had arranged for… [...]
  
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  Fetched: May 13, 2008, 1:09pm Eastern Daylight Time

• Justice Stevens, Considered Liberal, Joined Conservatives in Three Notable Opinions

  Justice John Paul Stevens, appointed by a Republican, is regarded as one of the U.S. Supreme Court’s liberals. But he joined with conservatives in three of the court’s most recent high-profile opinions. Former Stevens clerk Joseph Thai told the Associated Press that he is beginning to wonder… [...]
  
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  Fetched: May 13, 2008, 1:09pm Eastern Daylight Time

• New Bankruptcy Rules Add to Consumer Woes, But Work Better for Corporations

  No one foresaw the subprime mortgage meltdown when new consumer bankruptcy provisions were enacted that went into effect in the fall of 2005. And now the new rules are making the real estate situation worse than it otherwise would be, a federal judge said today at a conference in New…[...]
  
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  Fetched: May 13, 2008, 1:09pm Eastern Daylight Time

WalletPop

• eBay seeks to strangle its Australian sellers

  Filed under: Entrepreneurship, Ripoffs and Scams, Shopping, Technology, Fraud

  We should be used to this by now. Yet another money grubbing directive has surfaced from mother eBay Inc. (NASDAQ: EBAY), As covered in a story in The New York [...]
  
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  Posted: May 13, 2008, 1:00pm Eastern Daylight Time by Gary E. Sattler

ABA Journal Top Stories

• Reprimand Recommended for Lawyers Who Fought After Trading ‘Jackass’ Barbs

  Updated: Two Louisiana lawyers who traded barbs and got into a short physical altercation during a court proceeding have landed in trouble with the state attorney discipline board. According to a hearing committee report on the May 2006 incident, lawyer Douglas H. Greenburg called his opposing… [...]
  
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  Fetched: May 13, 2008, 11:07am Eastern Daylight Time

• Court Tosses Arbitrator’s Suit Against Law Firm That Sought His Recusal

  A federal judge has ruled a private arbitrator has no standing to sue a law firm based on allegations it made false charges in court papers that sought to disqualify him. Arbitrator Edwin Naythons, a former federal magistrate, had sued the Philadelphia-based law firm Stradley Ronon for abuse of process,…[...]
  
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  Fetched: May 13, 2008, 11:07am Eastern Daylight Time

• Magistrate Reprimanded for Using Racial Slur, Seeking to Record Sexual Encounter

  A former South Carolina magistrate has been publicly reprimanded based on findings he used a racial slur and sought to videotape a law clerk in a sexual encounter. The South Carolina Supreme Court said former magistrate Larry Hutchins of Spartanburg cannot seek any judicial post without express permission of the…[...]
  
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  Fetched: May 13, 2008, 11:07am Eastern Daylight Time

White Collar Crime Prof Blog

• Eleventh Circuit Affirms Coca-Cola Trade Secrets Case

  In the case of United States v. Williams, the Eleventh Circuit Court of Appeals affirmed the convictions of two individuals who had received a 96 month and 60 month sentence for a violation of 18 U.S.C. s 1832, the theft... [...]
  
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  Posted: May 13, 2008, 11:02am Eastern Daylight Time by White Collar Crime Prof Blogger

footnoted.org

• The SEC takes another roll of the dice at Las Vegas Sands…

  Comment letters can often be difficult to get a handle on. Some people, like my friends at Disclosure Insight, (formerly SEC Insight) put a lot of credence in them. Others, say they’re interesting, but not particularly informative.

  I was thinking about this because late Friday, Las Vegas [...]

  
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  Posted: May 13, 2008, 10:53am Eastern Daylight Time by Michelle Leder

Wall $treet Folly

• Was Bear Stearns' CEO's party invitation lost in the mail?

  Or was Alan Schwartz just plain dissed at a luncheon hosted by Ben Bernanke and attended by most every other Wall Street BSD? Or maybe he was invited and was just too busy trying to put out fires on the...
  

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  Posted: May 13, 2008, 10:33am Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)

• Busy bee: Meredith Whitney dissed Citigroup's recovery plan yesterday and last night she lowered Goldman's, Lehman's, Morgan Stanley's and Merrill's earnings estimates

  That Meredith Whitney is a busy busy bee. Yesterday, Oppenheimer's financial stock soothsayer rained on Vikram Pandit's plan to put Citi back on the road to recovery where she said that the plan sounded all too much like one Chuck...
  

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  Posted: May 13, 2008, 9:33am Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)

• Jamie Dimon proclaims the credit crunch is nearly over....

  But the U.S. recession is "just beginning" and that there's a one out of three chance that this one could be as bad as the early 1980's. He also commented on how the Bear Stearns merger is going. The firm...
  

  [...]

  
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  Posted: May 13, 2008, 9:02am Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)

F r a u d B l o g . n e t -

• Women investors less scam-prone - Canada study

  If you think I'm about to go on some bra-burning rant that women are superior because of the title of this article, you'll surely be let down by the following post.

  Ever the egalitarian and proficient door-opener, I'd like to think both sexes have something to learn from each [...]

  
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  Posted: May 13, 2008, 8:18am Eastern Daylight Time by Jennifer Ford-Smith

WalletPop

• Changing cell phone plans? Beware of pro-rating!

  Filed under: Ripoffs and Scams, Technology

  Last month I shared my quest to save money by reviewing our cell phone bill. I found that we could get unlimited texting on all of our lines without any increase in our monthly rate. This was [...]
  
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  Posted: May 13, 2008, 8:00am Eastern Daylight Time by Josh Smith

Fraud, Phishing and Financial Misdeeds

• State's top lawman takes a "Don't mess with Texas" approach to fighting identity theft

  
  (Texas Attorney General Greg Abbot)
  
  Texas Attorney General, Greg Abbott, is teaching the business world not to mess with the personal information of Texans.
  
  Using a series of laws that he wrote an essay on, AG Abbot has taken legal action against Radio [...]
  
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  Posted: May 13, 2008, 7:59am Eastern Daylight Time by Ed Dickson

ABA Journal Top Stories

• Judge Refers Lawyer to Ethics Panel for Dropping Appeal Pending Fee Payment

  A federal appeals judge has referred a lawyer to a grievance panel for stopping work on his client’s appeal because his fees had not been fully paid. Senior Judge Jon O. Newman said lawyer Douglas Rosenthal failed to file a form that resulted in dismissal of an appeal for his…[...]
  
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  Fetched: May 13, 2008, 7:56am Eastern Daylight Time

• Prosecutors May Stay on Cases Despite Role in Fictionalized Crimes, Court Says

  The California Supreme Court has refused to kick two prosecutors off pending cases due to alleged conflicts of interest caused by their participation in fictionalized portrayals of crimes. In one of the rulings, the court said "only an actual likelihood of unfair treatment, not a subjective perception of impropriety" warrants…[...]
  
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  Fetched: May 13, 2008, 7:56am Eastern Daylight Time

Wall $treet Folly

• WSF Headline Roundup - 5/13/08 - HPQ acquiring EDS; WMT earnings; Lehman Q2 banking backlog down 15%; NMX seat holders balking over CME deal?; ResCap bondholders thinking war; Northern Rock overstatements?; Clear Channel deal near?; more

  HP to Acquire EDS for $13.9 Billion Wal-Mart Profit Increases on Discounts for Groceries Investment Banking Backlog Down About 15% In 2Q: Lehman CFO Nymex Seat Holders Ready to Block Sale to CME, Glass Says ResCap Bondholders May Oppose Debt...
  

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  Posted: May 13, 2008, 7:29am Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)

WalletPop

• House in foreclosure? Set it on fire!

  Filed under: Home, Insurance, Ripoffs and Scams

  News reports say that as the number of mortgage foreclosures increases, so do the number of "suspicious" fires. When the fire occurs mere days before a homeowner will be forced to leave their house due to foreclosure, it obviously creates suspicion.
  [...]
  
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  Posted: May 13, 2008, 7:00am Eastern Daylight Time by Tracy Coenen

1440 Wall Street

• Wall Street Fumbled the Ball, says Citadel’s Griffin

  The receding tide on Wall Street has revealed that many well respected exec's were indeed swimming naked. Were they just creations of the PR departments? Or only competent at self promotion all along?
  
  Ken Griffin has always been a belt and suspenders kind of guy; obsession with risk management [...]
  
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  Posted: May 13, 2008, 6:07am Eastern Daylight Time

WalletPop

• JetBlue flyer sues after being made to sit on toilet

  Filed under: Ripoffs and Scams, Travel

  The Associated Press lead tells you pretty much everything you need to know:
  
  A New York City man is suing JetBlue Airways Corp. for more than $2 million because he says a pilot made him give up his [...]
  
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  Posted: May 13, 2008, 4:00am Eastern Daylight Time by Zac Bissonnette

10Q Detective

• Abercrombie & Fitch's Jeffries Smells the Teen Spirit

  Michael S Jeffries, Chairman and Chief Executive of Abercrombie & Fitch (ANF-$75.03), received compensation of $9.9 million and $19.9 million for fiscal year 2007 and fiscal year 2006, respectively, according to a recent proxy filing with the SEC.
  
  Almost all of the increase in FY [...]
  
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  Posted: May 13, 2008, 3:35am Eastern Daylight Time by David J. Phillips

Sequence Inc. FRAUDfiles by Tracy Coenen

• How does one get headhunters to leave her alone?

  Have I ever mentioned how sick of headhunters I am? Well I am. I don’t want their phone calls. I don’t want their emails. I don’t want the crappy job they’re offering, and I don’t know anyone who is qualified to apply for the crappy job they’re offering. It’s not [...]
  
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  Fetched: May 13, 2008, 12:55am Eastern Daylight Time

White Col