Aug 17th, 2009
A Chief Inspector of Police on the Rwandan national force will be spending the next ten years in an 8 by 10 cell, thanks to a huge embezzlement scheme that involved several senior officers on the force.
Edward Higiro was found guilty of corruption and mismanagement of public funds for leading a scheme that stole over [...]
Sometimes it takes just one person to ruin a good cause.
Sellathurai Jeyanesan, an agent for the non-profit aid organization VeAhavta, was arrested in Sri Lanka last week for sexually assaulting the orphans that his aid agency is supposed to help. On top of these heinous allegations, the charity organizer is accused of embezzling money that [...]
Aug 14th, 2009
The Detroit public school district is in a world of trouble. Facing a $259.9 million deficit, it’s toying with the idea of bankruptcy. But before it can even deal with its financial woes, it needs to clean house: several employees have been charged with embezzlement, theft, fraud, and pretty much any other white-collar crime you can think of.
Jul 28th, 2009
Looks like banking executive scandals aren’t limited to just U.S. companies. Bangkok Post reports today that the negligence of a handful of employees at the Government Housing Bank may have contributed to one of the largest embezzlement schemes in Thailand’s banking history. One employee managed to get his hands on over 500 million baht at [...]
Jul 10th, 2009
Ausaf Umar Siddiqui, Vice President of Fry’s Electronics, manages a unique spot here on this blog. Not only was he being a Class A Executive Jerk, he managed to get caught in what might possibly be the stupidest way ever. First, the part that makes him a rich jerk who only wanted to get richer.
Siddiqui [...]
Jul 9th, 2009
When some people have the whole cake, they just figure they can take the bakery as well. They just can’t get enough. Conrad Black, chairman of Toronto-based Hollinger International, certainly proves that point. The long and short of it is this: Black was estimated to have been worth approximately $400 million dollars. But was that [...]
Jul 6th, 2009
Darryl McCauley, 44, of York, Maine and Wilmington, Mass., has been indicted on additional charges related to the alleged theft of millions from his younger half-brother, comedian Dane Cook.A Middlesex County grand jury in Woburn, Mass., returned an additional 20 indictments late last week, according to a statement released Monday, July 6, by the office [...]