With little fanfare, federal prosecutors on Friday dropped their investigation of Lance Armstrong , nearly two years after it began. After convening a grand jury, summoning dozens of witnesses and involving several federal agencies, the government decided not to bring fraud and conspiracy charges against Armstrong stemming from allegations that he used performance-enhancing drugs during his legendary cycling career. Read full article > >

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End of Lance Armstrong probe raises questions about media’s reporting

New York Attorney General Eric Schneiderman sued a handful of the nation’s largest banks Friday, claiming they deceived homeowners and court officials by filing flawed and fraudulent foreclosure documents through a popular electronic mortgage registry. Read full article > >

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New York sues Reston firm over foreclosure documents

A self-described “Jewish Indiana Jones” who claimed to have travelled the world to rescue holy Torahs scrolls pleads guilty to fraud at a New York court.

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‘Jewish Indiana Jones’ admits lie

Alleged rogue trader Kweku Adoboli pleads not guilty to two charges of false accounting and two of fraud while working for Swiss bank UBS.

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UBS ‘rogue’ trader denies charges

From a courtroom in Manhattan, not far from the epicenter of the nation’s financial crisis, a longtime federal judge is becoming a hero to many and a nightmare to some for demanding greater accountability in cases of alleged Wall Street fraud. Read full article > >

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Judge Jed Rakoff on free love, the death penalty, defending crooks and Wall Street justice

With for-profit colleges under siege in Washington over accusations that they defraud students, Mitt Romney’s endorsement of them puts him in the middle of a political debate.

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Mitt Romney Offers Praise for a Donor’s Business

The Internal Revenue Service ’s workload has intensified as Congress has cut its budget, resulting in slower refunds and service to taxpayers, an in-house watchdog said Wednesday. The tax agency is resorting to shortcuts, relying excessively on automation that either fails to identify fraudulent claims or flags taxpayers for making mistakes when they haven’t, National Taxpayer Advocate Nina E. Olson concluded in her annual report to Congress. Read full article > >

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IRS’s tight budget is hurting taxpayers, watchdog says

For fraud cover-up.

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Olympus Sues Its Own President

Edul Ahmad, who came to New York from Guyana, allegedly ran a $50 million mortgage fraud, seeming to exemplify a trend of immigrant brokers accused of preying on their own.

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Edul Ahmad Accused of Defrauding Guyanese Immigrants

Reported fraud in the UK broke the £2bn barrier in 2011 but this is dwarfed by the levels under the radar, an accountancy group says.

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Fraud levels ‘increased in 2011′

Convicted fraudster and Lib Dem donor Michael Brown has been arrested in the Dominican Republic after going on the run, police say.

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Fraudster donor held in Caribbean

Aid given by the UK to countries with a history of fraud and corruption should be conditional on them improving their governance, MPs say.

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MPs urge foreign aid conditions

An influential member of United Russia is among those pushing the party to address fraud in recent parliamentary elections.

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Party Members Confront United Russia on Fraud Claims

The abbot of a powerful monastery on Mount Athos in Greece is jailed pending trial for alleged fraud and embezzlement.

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Greece jails abbot in fraud case

Eleven crocodiles and an alligator have been rescued after police raided the house of a fraud suspect in Belgium.

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VIDEO: Reptiles rescued from house in Belgium