Content about Fraud

October 19, 2011

Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems. Of that, $18.4 billion was attributed to employee theft, $14.9 billion to shoplifters, $6.6 billion to internal error and $1.8 billion to suppliers.

September 30, 2011

A Home Depot sales associate in Deerfield Beach, Fla. helped end an organized crime operation that defrauded the retailer of more than $97,000 in merchandise, according to an article in the Sun Sentinel.

A Home Depot sales associate in Deerfield Beach, Fla., helped end an organized crime operation that defrauded the retailer of more than $97,000 in merchandise, according to an article in the Sun Sentinel.

Authorities arrested Bobby Joe Ellis Staley, 34, who they claim was able to make fraudulent purchases by duping the company that handles credit card accounts for Home Depot into adding him as an authorized purchaser.

September 1, 2011

The Securities and Exchange Commission (SEC) has announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the Atlanta-based home builder was committing accounting fraud, according to an Aug. 30 announcement

May 20, 2011

A federal grand jury has indicted Ronald Kiser, a former credit specialist for G.E. Consumer Finance, with bank fraud for diverting $465,000 worth of checks into his mother’s bank account. Kiser, 40, handled the Lowe’s account for G.E. 

March 14, 2011

A man who worked at a Raleigh, N.C., lumberyard was arrested and jailed on March 9 for allegedly using a credit card belonging to his employer, according to an article in the News and Observer

Kendryl Direlle Garner, 42, was accused of making $797.40 in unauthorized purchases in April using the credit card of his employer, American Woodyards, a supplier of custom, cut and specialty lumber. 

January 31, 2011

A man already convicted of forgery and grand larceny in New York State is also facing a federal indictment that accuses him of gift card scams at Home Depot and Lowe’s totaling $78,800, according to an article in the Buffalo News.

November 2, 2010

A former Home Depot product category merchant was sentenced to more than two years in...

July 14, 2008

James P. Robinson pleaded guilty late last week to three felony counts stemming from a...

June 15, 2008

The stalled U.S. housing market continues to take its toll on U.K.-based Wolseley, a global...

May 29, 2008

Anthony Tesvich will plead guilty to three counts of tax evasion and one count of...

December 26, 2007

The former owner of a South Boston hardware store has been accused of billing his...

July 16, 2007

Computerized system will help protect consumers using credit, debit or check cards from fraud....