Here's what we are reading today:
California Man Guilty of $250 million Ponzi Scheme (Ponzi Tracker) - A federal jury has returned a guilty verdict against a California man for masterminding a massive Ponzi scheme that bilked investors out of over $250 million. James Stanley Koenig, 60, was found guilty of all but one of the three dozen criminal charges levied against him by prosecutors.
New York Woman Indicted In Connecticut Shooting Donation Scam (WSJ) - New York City prosecutors say a woman has been charged with fraud for posing as the aunt of a Connecticut school shooting victim and soliciting donations.
Memphis Educator Gets Prison Time for Test Fraud (ABC) - A federal judge in Memphis has sentenced a longtime Memphis educator to seven years in prison in a test-taking fraud scheme. Clarence Mumford Sr. pleaded guilty in February to leading a 15-year scheme to help teachers cheat on qualification exams. The passing scores were then used to help people get jobs in public schools.
U.K. Study Says Whistleblower Life Is Not A Good One (Guardian) - Three out of four whistleblowers who raise concerns of wrongdoing at work with their managers have their claims ignored, an analysis of cases has found. Files of 1,000 workers who approached a whistleblowing helpline for advice also showed that 15% were eventually sacked from their jobs while many others were bullied, ostracised or victimised.
Birthday Cake At Restaurant Fraud (Analog Nation) - Ever go into a restaurant and the staff is singing Happy Birthday to a customer? Well, a new study says that half those customers are lying about their birthday to get the free cake!