A federal prosecutor ripped into media mogul Conrad Black and other Hollinger International executives Monday, saying "they systematically stole $60 million" from shareholders and created a phony paper trail to cover their tracks, The Associated Press reported.

The Securities and Exchange Commission announced on June 14 that distributions from its Fair Fund to investor victims of the WorldCom, Inc. accounting fraud have surpassed $500 million.

On June 14th the Securities and Exchange Commission filed suit against the principals of a micro-cap technology company as well as two securities lawyers for their role in an illegal "pump and dump" scheme.

ICC commended on June 13 G8 leaders for continuing to address the complicated and growing epidemic of counterfeiting and piracy at the annual G8 Summit, but expressed disappointment at the lack of substance on these issues in the outcome statement released at the G8 Summit in Heiligendamm last week.

- International Banking Powerhouse Offers Pioneering Data-Sharing Fraud

- Management Service to Help Companies Combat Fraud and Increase Profits

The U.S. Attorney Office in New York announced on June 7 that Sanjaya Bahel, a former mid-level UN procurement official, was convicted on all counts of fraud and corruption charges.

The former chief operating officer of Enron's broadband Internet division, Kevin P. Hannon, was sentenced to two years in federal prison for his role in the fraud that led to the company's collapse, a court official said on Monday, according to Reuters.

Sam Leccima, the Atlanta, Georgia based host of the very popular real estate show on A&E Television, Flip The House, has some major serious fraud allegations on his hands today.

According to Reuters, British retail software company Torex Retail announced on Friday that Chief Executive Neil Mitchell, who was the director of the company, had been resigned.

Mercury Agrees To Pay $28 Million Civil Penalty

SEC Charges Former Wall Street Executive and Three Others in Multi-Million Dollar Scheme to Defraud Savings Banks and Their Depositors in Dozens of Stock Offerings

A Moscow court has found Sergei Mavrodi, founder of a multi-million-dollar investment scheme, involving at least 2 million people in the 1990s, guilty of massive fraud.