starting with the fraud. - it was all joyner and davison. my client had nothing to do with it. - joyner only worked for your client a short time. when the jury hears this fraud's been going on for years, it's game over. - you're assuming a lot, mr. morales. - why? you know something i don't? off-limits? when did this happen? - corrigan reached out to someone in sacramento. you can't spend eight years in the ballot initiative business without earning some political pull. - well, let me get this straight. apart from prop 128, i cannot present evidence that corrigan used phony signatures on other ballot initiatives? - that's right. the investigation of those initiatives has been taken over by the attorney general's office. - oh, you mean buried. - i mean avoiding the tsunami of constitutional challenges to the way the state chooses the laws we live by. - oh. just that. you know what this really means, jerry? you and the attorney general have just handed corrigan a defense on a silver platter. - you're overreacting, ricardo. - you watch. - derri

allowing a portion of fraud losses recovered is not eliminate the incentive to monitor and prevent fraud. because the cost of fraud losses varies with the amount of the transaction, we believe that fraud losses are best incorporated through a component in the interchange fee standards. turning to the implementation approaches, numerous issuers, trade groups, networks and individuals objected to the fee limits embodied in the cap under both alternatives and the safe harbor. however, many of these commenters recognized the app l appealed and acknowledged a pure specific standard would be difficult to implement and enforce. although many issuers argued against both alternatives, a significant number preferred alternative two, the standalone over alternative one, the framework with the safe harbor in a cap due to the second alternative's ease of come ploins. however, many of these commenters suggested raising the cap value for expanded definition and to cover the costs of a larger percentage of covered issuers. merchants uniformly supported alternative 1 as being the most consistent with the

, known as a fraud. an economist said it was a fraud long before it even started. and the question today is, are people going to september budget cuts as -- september the budget cuts as necessary which kill are are we going to say stop the fraud? what does that mean? there's a bill in congress right now, which i think the city supervisors should pass an emergency resolution endorsing. it's called h.r. 1489. there's an ancient chinese saying, all things under the heaven are for the people. that's what it is. it says screw the bankers who created this crisis and defend the people. that's the choice government has. of course the city of san francisco can't pass it, but they can take the responsibility for their constituents and citizens and tell the federal government to get their -- >> thank you very much. >> -- and pass this resolution. if you can comment on it, we'd like an emergency resolution. >> thank you very much. >> thank you. >> next speaker, please. >> good afternoon, mayor lee, supervisor chu. t

, known as a fraud. an economist said it was a fraud long before it even started. and the question today is, are people going to september budget cuts as -- september the budget cuts as necessary which kill are are we going to say stop the fraud? what does that mean? there's a bill in congress right now, which i think the city supervisors should pass an emergency resolution endorsing. it's called h.r. 1489. there's an ancient chinese

they range from gross negligence to fraud.mber, planned year end multi-million dollar bonuses for jeffrey tucker, walter noel and andres piedrahita were cancelled. one more postscript: a few blocks from where madoff began his investment advisory business nearly 50 years ago, thierry de la villehuchet took his own life. >> thierry was a sailor, and he was a hunter. he could've taken himself out any way he wanted to, if he wanted to just remove himself from the pressure. the man chose the method he did, in my mind only, as an act of atonement. >> smith: slitting his wrists? >> watch himself bleed to death... slowly. >> smith: meanwhile, investigators are talking to madoff lieutenant frank dipascali and others, still trying to figure out what happened on the 17th floor. >> mr. madoff do you have anything to say? >> mr. madoff, say something to your victims, sir. >> smith: bernard l. madoff will be sentenced next month. >> in june, 2009, bernard madoff was sentenced to 150 years in prison. in december, 2010, on the second annivers

¿ estÁn puestas las condiciones para evitar que el perdedor pueda decir que se realizÓ fraude? este caso la que realiza el proceso es una persona muy seria, dio resultados correctos y le hicimos ver como visiÓn de la oea era importante que no dejen mucho tiempo entre el tÉrmino de la votaciÓn y la ahora de dar los primeros resultados que tambiÉn la salida de urna dijo que tenÍa dudas en utilizarlos. perÚ estÁ maduro, lo que ha sucedido es que mucha gente, algunos analistas esperaban a otros dos que llegaran a esta final pero la realidad es que aquÍ estÁ la seÑora fujimori y serÁn los peruanos en su libre y soberana decisiÓn los que ligan a su presidente. y la comunidad internacional tendrÁ que vigilar que perÚ tenga los avances que tiene metiendo un poco a lo tema de lo social, de reducirla por obesa que es una obligaciÓn de cualquier gobierno. >> es una de las elecciones massa cerradas en los Últimos 50 aÑos, ¿ que es lo que pasa? ¿cuÁl es el panorama? estoy recordando lo que ocurriÓ en mÉxico con lÓpez sobrador y felipe calderÓn, ¿quÉ pasarÍa en perÚ en un similar escenario?

the more we do up front reduces the number of fraud cases. when they do occur, there are fewer to pursue to throw the back at to go after mr. townsend's point. we're coming after you. if someone knows everything year get an extra 3-$5,000. do it once a year, produce the number so there's fewer to go after to hold accountable. and third is, in doing that, we do better with victims' assistance. i'm not a law enforcement professional, but my understanding is where there is criminal product -- criminal conduct and, you know, victims of crime, an important part of the healing process is the victim being kept fully informed all the way through that process of pursuing the criminal, the wrongdoing to know that ultimately it's not just a -- they were made whole as you are going to made whole. you are going to get your refunds. but that justice was served. and i think that's when we have, no matter what the dollar amount, that we are not pursuing them. justice isn't served that prevents that ultimate healing process for the victims. i think prevention

we rely on them to root out and detour fraud and waste in government wherever that waste and fraud rears its ugly head. if, and that's a big if, if the ig's are on the ball, then the taxpayers are not supposed to worry about things like $750 toilet seats. i underscore the word "if" because fraud and waste are still alive and well in government. now, you could legitimately ask, how could this be? we created a huge army of watchdogs, yet fraud and waste still exists unchecked, so i keep asking myself that same question that you might ask, who was watchdogging the watchdogs? well, there's an ig watchdog agency called the counsel of inspectors general on integrity and efficiency, but that's just another toothless wonder, so the senator from iowa has a duty today, i'm here to present another oversight report on the pentagon watchdog. i call it a report card on fiscal year 2010 audits issued by the department of defense inspector general. it assesses progress towards improving audit quality in response to recommendations that i made on an oversight report that i gave to my fellow senators last

ahisionh@al puntounivis hablar de un fraude como se argumenta. >> en estas elecciones en perÚ se enfrentan ex militar golpista, de acuerdo con muchos observadores internacionales ningnde losuntounivisional punts al puncativo demÓcrata, corre in peligro la democracia en perÚuns >> ltounivisional puntounivisio anotarlos bien para que se cumplan a lo largo del mandato, ambos se han comprometido con no pedir una reforma la constituciÓn, se han comprometido con la libertad puo expresiÓn, con las libertades en tÉrminos generales, creo que viviendo esta realidad, la hija del ex presidente fujimori y tambiÉn el comandante humala, al final tendremos que esperar que el que gane cumpla las promesas de respetar las libertades y seguir conduciendo al perÚ por el camino de la prosperidad, del crecimiento y del libre comercio. >> quiero preguntar sobre dos personas que podrÍan tener injerencia, quisiera comenzar con alan garcÍa. ¿usted cree que alan garcÍa un ha apoyado a uno de los dos candidatos? >> bueno, univisional puntounivn mÁs responsables como los que intentamos hacer los que integramos esta mis

. >> concerts are probably where we see more fraud than anywhere else. >> this is a new trick.raud sisters claiming they're affiliates of well known communities. >> unless you're on the stubhub website, unless you're calling the stubhub 866 number, you're not dealing with stubhub. >> reporter: buyers are also duped into bait and switch extremes. the tickets you paid to be in the front row for the britney concert will put you in the nosebleed section. >> maybe it's $500 on one site, it's $50 on another site. they buy it, and they have an $800 fee. >> jeremy founded site jabber.com. a free source for consumers to check out reviews of unfamiliar sites. online fraud is a big business. >> there are 200 million websites today, and $100 billion is lost every year due to fraud. >> reporter: there are plenty of one-star reviews, buyers should always check before forking over any money. >> we help consumers avoid fraudulent websites and find good ones. >> look for the company's physical address. do a google street view. >> if it points to an empty lot near a railroad track, that's a bad

, known as a fraud. an economist said it was a fraud long before it even started. and the question today is, are people going to september budget cuts as -- september the budget cuts as necessary which kill are are we

le al fraude federal le palo alto".--el gobierno federal le declara la guerra al fraude migratorio... le diremos cómo usted se puede proteger y cómo denunciar a quienes cometen >> la educaciÓn es una prioridad. >> los jÓvenes es la universidad pero todavÍa hay mucho que hacer. >> despuÉs de décadas de problemas, el nÚmero de jÓvenes que no termina la secundaria estÁ bajando. en el 98 el tren de 4% o la abandonaba,10 aÑos despuÉs el porcentaje cayÓ a 22. >> eso quiere decir ya y un nÚmero mayor de estudiantes que van a entrar a la universidad. es una buena noticia para empezar. >> la esperanza es que haya mÁs universitarios. muchos hispanos han elegido estudiar carreras mÁs cortas. gabriela prefiriÓ ir a una escuela vocacional en lugar de pagar una universidad. >> en nueve meses pudo terminar sin pagar mÁs que libros, un informe y empezar un trabajo. >> el nÚmero de hispanos que estudian carreras cortas se ha duplicado. de 540.000 en el 2000 a un millÓn en el 2008. la economÍa es un gran factor. >> lo primero que buscan

coming up -- >> 200 million websites today and $100 billion is lost to fraud. >> how do you know the tickets you buy on line are real? special events, we'll show you how to spot the fakes. plus, riots in vancouver. the streets set on fire after the stanley cup finals. >> let's face. hewlett-packard and oracle do not get along. the latest, hp says that oracle dropped support for hp made servers. for the rest of the news before the bell we'll turn to nicole lapin over at cnbc. good morning. >> good morning. futures are teetering around the flat line after yesterday's big sell-off. stocks of course dropped as the dollar fell against the euro and worries about the debt crisis continues in greece. workers there went on strike, then rioted, then protested budget cuts as the government attempts to thwart a debt default. the u.s. also could be impacted by a greek default. reports say banks have about $41 billion of exposure. asian markets fell, europe is in the red but we get significant data out stateside on unemployment, housing starts and building permits. a report on regional economic co

to take away any anti-fraud powers that might have been implied by the regulator of the oil market so that they could not do very much about the kind of training that was going on off exchanges while the exchanges do for global transparent global price most of the training actually takes place off exchange and they just use the price set on the exchange as a way of pegging what they're doing but at the end of the day of the big trades take place off exchange and this basically made arena which is now worth about six hundred billion dollars a day a free for all and to this day it's a free for all what we're seeing now with the frank frank i think in so long to be put into into a fact has a lot to do with the war between wall street and washington over how are we going to rein in this thing when we threw away the key and shut the door all right so this idea of price discovery the idea of supply and demand meaning in the exchange and the result of price setting the market has given way to price discovery happening off the market and then what we see quoted in the exchange is actually jus

s like lloyd blankfein jamie diamond culpable in committing massive fraud on the futures exchanges i would be very surprised if they don't understand how this works but at the other end of the spectrum wall street has been investing very diligently into creating loopholes in this market creating the legal openings. to allow themselves to do these things is their best investment ever has to be able to manipulate the financial system and be able to do it legally and that is what we're seeing over trying to fix that now but when you when you've done this for decades and this is been going on and getting if you look at the history since the great depression of the loosening of the rules and the chipping away of the regulations it's a very. sordid path that we're going to have to cross over again to fix it in the meantime many people will try to present it as hurting business and in a way it is hurting business but if business is corrupt and should it be allowed to thrive well a lot of the question this way if you take a major wall street bank and you were to eliminate all the training pr

powers which is to imply that there is nothing but fraud if you want to look at the global price on the new york mercantile exchange for oil it's like the tail that wags the dog you want to look at a valet it represents. a small piece but it's only people can see so let's say you and i offer making a deal if you try to if you try to mislead me about price i can say hey i'm an amex is trading at x. today you just offered me why you have that kind of thing so it is used as a benchmark but at the end of the day the big. exchange and this is where a lot of the gaming takes place i don't know if you noticed a trader recently who are now being pursued by the c f t c this is been a three year and the making chara group of charges and yet why would it take three years to go after these guys well because they were doing this over the counter and it's very hard to piece together what happened because there's really no paper right so over the counter another one another way to say market and scandal of course comes after the enron scandal and so the energy market has quite a history of this ty

no fraud or waste. contract management agency has a long history of exercising lax contract oversight. the office of inspector general resources would have been better spent auditing one of the defense contract management agency's $1.3 trillion in contracts. go where the money is if you want to find the fraud, follow the money. the inclusion of individual report cards on the best and worst audits is meant to be constructive educational exercise. so i am hoping the analyses accompanying these report cards will serve as a guide and a learning tool for auditors and managers alike. i am hoping the auditors will read my report and use it to sharpen their skills. i hope it will help guide them on a path to reform and transformation. if the auditors adopt and follow the simple guidelines used to gauge the quality of the best and worst reports, they will begin producing top quality audits that are fully aligned with the core i.g. missions prescribed by that 1978 law. before wrapping up my comments, i'd like to

last october, a federal appeals court threw out two fraud counts against him. his total jail time was cut today, from 72 months to 42 months. >> tom: the recent stock market weakness has not left any major stock sector untouched. since the beginning of june, all 10 major stock sectors have lost money. alan lancz is the director of research at lanczglobal.com. >> tom: welcome to nightly business report. nice to see you. >> thanks, tom. >> tom: so when we spoke six months ago you were looking to get defensive. is being protective in the market today still the right strategy? >> i think so i think we've still got some tough sledding. half of the gains in the s&p 500 are purely from dividends. so if you didn't abide by our recommendation to get defensive and look at dividend-paying companies, i think you rode the market up 8% and then back down. so it's going to be more of that 2 steps forward, one step back. >> but there is a difference between being defensive and looking for dividend payers, isn't there? >> oh, yeah, definitely. i mean it's a combination of being

. >>> buscando castigar y prevenir los casos de fraude y migración, cometidos por notorios públicos y no pasa un día sin que un inmigrante llegue a su oficina diciendo que ha sido víctima de fraude. >>> nuestra gente se mete con gente que no tiene escrúpulos que le sacan dinero, y después ni siquiera procesan los dre directos. >>> tengo 16 años en leyes de migración y desde que comencé trabajando me di cuenta que 70% de las personas entrando a mi oficina fueron víctimas de fraude. >>> por malos consejos de asesores el gobierno federal ha lanzado una iniciativa pagar tiro las estafas que a afectación tan a miles de personas. >>> queremos que sepan que es un delito que hay recursos para er ellos para que puedan reportar las estafas. >>> algo que dejó claro que las personas que se tienen que dejar llevar por consejos de un notorio público porque las personas que lo pueden hacer es un abogado. >>> es un puesto importante en mi pueblo, aquí en estados unidos, no existe eso no tiene derecho a dar ayuda jurídica, solamente un abogado. >>> lo que vemos que están ro cuando el dinero a personas

thousands of north africans are frauds truthfully recently. italians use the system they shan't guarantees the european union they know to any legal regularized by any country of the e.u. and with these documents go to any other country of the e.u. they say please no problem at all eighty percent of tunisians want to go to france or give them documents i would like that they will leave and that is exactly what they did a regular why steal eagles and they all came to france should remain. free movement within the e.u. as is now being discussed here in the european parliament. it will be tragic it will be an additional immigration it is obvious it will be a signal for a massive immigration more particularly a very much it was useless for nicolas sarkozy to sing and dance and go into all the world television to say come and see i will take roma back to a border which does not exist now they will have the possibility to come and settle as they want in france they are a considerable number we know they are very poor people and once more france bein

>> le advertimos a la gente cómo evitar ser víctimas de fraudes de aquellos que quieren dar asistencia la casa a cambio de un cobro monetario >> cuidado si le piden ceder la escritura de la casa a otra persona >> la organización meda indicó que cada vez hay más estafas en préstamos hipotecarios >> el precio de las casas se sigue desplomando en la bahia, el valor del precio promedio ha aumentado disminuido en un 11% >> la agencia ice iniciará ronda de auditorías para confirmar que las empresas contratan a personas sin problemas de inmigración >> ice notificará la contratación de unas mil empresas, para impedir la presencia de trabajadores indocumentados quienes defienden el derecho de los inmigrantes dicen que es otra manera de separar familias >> le estamos diciendo que este tipo de auditorías es otra manera de separar familias >> estas acciones podrían afectar a los negocios >> van a afectar cuando empleamos a latinos >> los más afectados serían los trabajadores indocumentados y que tienen una familia que mantener y que ven a este país como una segunda patria, pues sus hijos nacieron

prosecutors say kissick's role in a $3 billion fraud scheme led to colonial's demise, as well as taylor bean and whitaker-- one of the nation's largest private mortgage companies. taylor bean's former chairman and owner lee farkas is due to be sentenced later this month. >> tom: here's what we're watching for next week. our friday market monitor guest is alan lancz editor of the "lancz letter." the federal reserve will be in the spotlight as it begins a two-day meeting on tuesday. chairman ben bernake holds a news conference wednesday. monday, creating jobs during challenging economic times. we talk to state leaders about what the role of government should be. >> susie: some encouraging news the group's fear that higher food prices will hurt the world's poor who already spend as much as 80% of their income on food. >> tom: the fight against medicare and medicaid fraud goes high tech next month. that's when the federal government begins using new software aimed at flagging would-be criminals before they get a check from uncle sam. medicare has awarded a $77 million contract for the new s

>> and no. >> your identification was used for tax fraud. do you know anything about the status of the investigation being conducted by the department? >> i have heard nothing except through the office of mr. platt. >> have they used in anything else besides tax fraud? >> not to my knowledge. >> how long did it take for you to talk to an agent while you're waiting? >> the first year i was dealing with various agents for about 12 months with the irs. then they assigned me to a national tax payer advocate agent who continued the quest to get my refund. >> have you received it? >> it took 14 months from 2008. this year i did not get a funding agent at all. >> do you have any indication that action is taken by the irs to find and prosecute to the person that used your identity? >> it is very difficult to get information about fraudulent claims and how much the refund was 4, when it was issued. that is not something that they freely share. they have to identify that you are a legitimate taxpayer. i have no idea what the status is like on the crim

habla de esto, y tambien nos dice que medidas anuncio esta semana el gobierno federal para reducir el fraudeinantemente,, se pensaba que la muerte de osama bin laden ayudaria, la economía no dejó que subiera en las cifras. >> si la economía no mejora, la posibilidad de reeleccion son bajas. >> las personas de estados unidos no creen que hay recuperación . >> esta elección será de la economía y del pesimo historial del presidente barack obama en la creación de empleos. >> este hombre fue estafado por un abogado de inmigración por 7000 dólares y ahora puede ser deportado. >> el gobierno federal le declaró la guerra a los fraudes de inmigración . >> queremos que metan una queja. >> los inmigrantes ilegales tienen que estar alerta de los abogados que tengan las licencias vencidas, los notarios que no tienen permiso a hacer ciertas actividades son con los de más cuidados. >> (información en pantalla) . >> un incendio forestal en arizona no tiene control y también es una amenaza para la comunidad publica, por una densa nube que provoca problemas y dolor en los ojos, en los pueblos cercanos, los re

, known as a fraud. an ec

the more we do up front reduces the number of fraud cases. when they do occur, there are fewer to pursue to throw the back at to go after mr. townsend's point. we're coming after you. if someone knows everything year get an extra 3-$5,000. do it once a year, produce the number so there's fewer to go after to hold accountable. and third is, in doing that, we do better with victims' assistance. i'm not a law enforcement professional, but my understanding is where there is criminal product -- criminal conduct and, you know, victims of crime, an important part of the healing process is the victim being kept fully nformed all the way through that process of pursuing the criminal, the wrongdoing to know that ultimately it's not just a -- they were made whole as you are going to made whoe. you are going to get your refunds. but that justice was served. and i think that's when we have, no matter what the dollar amount, that we are not pursuing them. justice isn't served that prevents that ultimate healing process for the viims. i think prevention, pr

pero era un fraude.os inmigrantes. ha llamado a las organizaciones comunitarias para que se sumen a la iniciativa y orienten a los mÁs vulnerables y posibles nuevas vÍctimas del fraude migratorio. >> las leyes indican que las Únicas personas que estÁn autorizadas a dar asesorÍa legal, son los abogados y sus representantes que estÁn acreditados por la junta de apelaciones de inmigraciÓn, que los notarios pÚblicos no estÁn autorizados. >> gracias/, mÁs de 100 empleados de la patrulla fronteriza estadounidense estÁn siendo juzgados en una corte de washington por presunta corrupciÓn. segÚn un informe otros 300 estÁn bajo investigaciÓn, al parecer muchos evaden el soborno y los favores sexuales para obtener informaciÓn y tambiÉn burlar las medidas de seguridad. >> presentaron la primera vaca clonada que va a producir leche en argentina. la presidenta revelÓ al ejemplar. los cientÍficos lograron introducir en los seres humanos que estÁn presentes en la leche materna, lo que eleva su nivel nutritivo. >> copa or

employment fraud is different, also illustrated on the screen. with employment fraud a thief uses a stolen name and social security nber to get a job. the following year when taxes are due the employer reports the income to irs on which statement and innocent taxpayer files a tax return. irs matches the to and discovers income report in the end of the innocent taxpayer that was not included on the taxpayers return. irs sent a notice of underreported income to the taxpayer and that's when the taxpayer and irs may 1 learned about the id theft. so to summarize so far, irs learns about and identity theft affecting taxpayers long after the theft occurs. and available evidence she just problem is growing. now want to outline what irs is doing to resolve taxpayers idf problems. starting in 2004 in the commission summarized some of us, irs create an id theft strategy set up an office to oversee it, but theft indicators on victim's accounts, screamed some returns for fraud and set the identity protection specialized unit and an id theft hotline. in 2009 w