An Iranian court sentenced four people to death for their role in a billion dollar fraud scheme. Thirty-nine people were charged for their involvement in the scam and those that were not sentenced to death, were sentenced to flogging, fines, up to 25 years in jail, or life in prison. The scam was a bank-fraud scam that included forged letters of credit and tainted the government of President Mahmoud Ahmadinejad.
Fraud expert, Linda Webb, aka The Fraud Dog, says that fraud impacts all countries and the sentencing guidelines in some countries are stricter than others. No matter how tough the sentencing is for these fraudsters, the message is clear: crime does not pay and you will be caught. We must all be on a united front to stop the fraudster. Fraud impacts all of us and we must join together to fight against it. A fraudster can cripple any industry and it’s impact can be felt worldwide. Together we can stop the fraudster! So join us in our fight against fraud and tell us your scam at www.thefrauddog.com.
To report potentially fraudulent activity, contact Linda Webb aka The Fraud Dog, leading fraud expert at 1-855-FRAUD-DOG.