The multitudes of Americans who brave the freezing cold and the rampaging mobs in the belief it’s all worth it to get a great ‘deal’ on electronic goods they don’t really need and can’t afford are victims of a gigantic scam. Black Friday is a hoax. While believing that they are paying far less for high-end consumer products, shoppers who throw themselves on the altar of Black Friday madness... 

Varugan Amroyan is led in handcuffs from FBI headquarters in New York Wednesday, Oct, 13, 2010. Amroyan is one of 73 people across the country charged by federal prosecutors in a scheme to cheat Medicare out of $163 million, the largest fraud by one criminal enterprise in the program's history, U.S. authorities said Wednesday. A vast network of Armenian gangsters and their associates used phantom... 

A Chasidic rabbi pleaded guilty in an $8.5 million tax evasion scam. Rabbi Naftali Tzi Weisz offered the plea Tuesday at a hearing in U.S. District Court in Los Angeles, according to news reports. The 61-year-old, Brooklyn-based Spinka rabbi admitted using a charity to avoid paying federal taxes. Four other Spinka community members also pleaded guilty on charges of fraud related to the charity. Judge... 

Another Fake “Hate Crime” The National Media Will Ignore A Port Authority woman who claimed she was the target of a racially charged threat nearly two years ago has been fired. Channel 4 Action News Amber Nicotra spoke to 48-year-old Deborah Blocker on Wednesday. In October of 2007, a black baby doll bearing a racial slur was found hanging in an employee-only area of the East Liberty Garage. Blocker... 

In a case with parallels to the Bernie Madoff scandal, a prominent Florida hedge fund manager has vanished – and so has up to $350 million of his clients’ money. Sarasota police are looking into claims that Arthur Nadel, 76, defrauded investors before leaving a distraught note for his family and disappearing. Cops began investigating on Friday after investors complained that Nadel, president...