Opinion: Bust-out schemes are a fraud designed to make you go bust By A. Sasha Frid June 06, 2008 Increasing globalization is proving to be a boon for perpetrators of a type of fraud known as a “bust-out scheme.” This kind of fraud, commonplace in the computer and electronics industry, victimizes legitimate manufacturers and retailers....Read More

Jackson owes $5.3 million Jury returns verdict in favor of concert promoters    By Elizabeth Rodriguez Entertainer Michael Jackson reneged on a contract with Marcel Avram and will have to pay the concert promoter $5.3 million for failing to perform at two millennium concerts, a Superior Court jury in Santa Maria decided Thursday. Both sides claimed...Read More