illegal

 

Judge: Nacchio Must Forfeit Assets of $52 Million

Qwest Communications International Inc.s former CEO, Joe Nacchio, must forfeit $52 million in assets he gained after illegal stock sales. The federal government has tried since late 2005 to force Nacchio to hand over those proceeds. A federal judge in Denver released the forfeiture order on Friday as Nacchios sentencing hearing was starting. Nacchio in […]

Senate Criminalizes Pretexting

The Senate this weekend passed a bill that criminalizes pretexting, or the act of fraudulently obtaining consumers private phone records. The push to make pretexting illegal stemmed from the HP scandal earlier this year, when the company used private detectives to get phone records of journalists, managers and directors. The Telephone Records and Privacy Protection […]

Fraud Lessons

Fraud, the art of earning money through the unauthorized and often unlawful use of a system, is well known in the circuit- switched telephony business. Traditional telcos have invested heavily to detect and prevent fraud - and for the most part they have been successful. In the nascent era of VoIP, many carriers are relearning old […]

MLM or Pyramid Scheme

We’ve all heard of multilevel marketing, or MLM, having been introduced to it either at a home party, through an infomercial or via the Internet. This method of direct selling can be profitable, but there is a fine line between a legitimate MLM and an illegal “pyramid scheme.” Both offer participants the opportunity to earn […]

Round Table

Posted: 10/2003 … ON ALLEGATIONS MCI ILLEGALLY AVOIDED PAYING ACCESS CHARGES BY CONCEALING THE ORIGIN OF PHONE CALLS CLAIMS THAT ARE THE FOCUS OF A U.S. ATTORNEYS OFFICE INVESTIGATION. [MCIs] scheme … improperly unloaded millions of dollars of debtors operating expense upon AT&T, and allowed debtors to continue understating and misrepresenting their true financial position […]

Playing for Profits: Games of Chance vs. Games of Skill

Posted: 6/2003 Playing for Profits: Games of Chance vs. Games of Skill Game Promotions: Playing By the Rules — Part 2 of 3 David O. Klein and Deena B. Burgess So, you have decided that a promotional tie-in would be a good marketing tool for your business. In order to offer the promotional tie-in, you […]

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