Fraud, Scam | featured news

An Israeli court imprisons a man for 10 years for tricking women into sexual acts by claiming his semen was holy and had healing powers.

President Barack Obama will issue an executive order Tuesday creating an administration-wide task force to crack down on financial fraud following a rise in mortgage scams and high-profile Wall Street trading scandals, an administration official said.

New York's attorney general issued subpoenas to former GMAC Financial Services Chairman J. Ezra Merkin, three of his funds and 15 nonprofits in his probe of alleged frauds on charities in the Bernard Madoff scandal.