According to the New York Post, a Colorado conman who escaped from a federal prison in Colorado in 2018 was rearrested in Florida, living in a luxurious $1.5 million mansion. Questions: Source: Reyes, R. (2023) Colorado conman who escaped fed prison caught living lavishly in $1.5M Florida mansion. The New York Post, Aug. 3 (Retrievable… Read more »
Posts Tagged: theft
Fraudster’s Home Depot Scam Snagged!
According to the Associated Press, a Connecticut man was given nearly $300,000 in fraudulent Home Depot credit by walking into stores in several states, loading expensive doors into a lumber cart in one department of the store and then returning them to the customer returns department of the same store without a receipt. Questions: Source:… Read more »
Fraud at Amazon Warehouse
According to The Verge, an Amazon warehouse manager faces long prison sentence and fine when pleading guilty to stealing $273,000 worth of computer parts and selling them to a wholesaler. Questions: What was the position of the manager? Why is it more likely that a person in his position rather than basic warehouse staff would… Read more »
Risk vs. Rewards: A case of Mr. Shah’s very bad judgment!
According to the Financial Times, Citigroup’s head of high-yield bond trading for Europe, the Middle East, and Africa has been suspended for routinely not paying for food in the company’s cafeteria. Questions: How much was the trader routinely making at Citigroup? Why was Mr. Shah such an important trader for Citigroup? Who was the other… Read more »
Cars To Go
According to Buzz Feed News, police are questioning more than a dozen people over the theft of 100 expensive automobiles in Chicago after a car sharing company reported that some of its fleet was stolen using its mobile app, forcing it to temporarily shut down the service in the city. Questions: What are most of… Read more »
For the “Can’t Believe it Happened” File
Alleged postal thief mastermind Dushaun Henderson-Spruce orchestrated the theft of thousands of pieces of mail from a global corporation, including corporate American Express cards, business checks and invoices, and rerouted them halfway across the country. Questions: 1. How did he do it? 2. How long did the scheme last? 3. What internal control could have… Read more »
Big Time Food Stamp Fraud
Sheriff Mike Williams of Jacksonville, Florida, announced Tuesday the results of a multi-agency, undercover investigation into the exchange of Supplemental Nutrition Assistance Program (SNAP) benefits for cash and, in at least one case, cocaine. Questions: 1. From 2012 to 2017, how many food stamp transactions were fraudulent in Jacksonville and what was the dollar amount?… Read more »
Target hit by credit-card breach
On December 19, 2013, Target admitted that it was hit by an extensive theft of its customers’ credit-card and debit-card data over the Black Friday weekend. The theft was national in scope and happened in stores, not online. Questions: 1. When and what happened with respect to a card breach at T.J. Maxx and Marshalls… Read more »
Could Additional Internal Controls Have Prevented this Heist?
It was March 18, 1990, when a pair of thieves disguised as Boston policemen, entered the Isabella Stewart Gardner Museum and stole 13 masterpiece valued at $500 million. Twenty-three years later the FBI says that they know who did it. They are releasing a few details and offering a $5 million reward for information leading… Read more »