Fred Shapiro
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- For the editor of The Yale Book of Quotations, see Fred R. Shapiro.
After perpetrating various frauds, Fredric Alan Shapiro (born Philadelphia, 1954) now gives lectures on ethics and fraud prevention.
Between 1986 and 1989, Shapiro, then a lawyer, defrauded ten banks of a total of 8.6 million dollars. According to Assistant U.S. Attorney Timothy R. Rice, he "managed to defraud nearly every major financial institution in the City of Philadelphia".[1] Shapiro used a variety of methods, including setting up a phony title company and making falsified loan applications. He also embezzled money from pension funds and evaded taxes. Shapiro agreed to serve as an informer and as a result was sentenced to only 366 days in a North Carolina federal prison camp.[2][3][4][5] As part of the deal for a reduced sentence, Shapiro aided the government as an undercover operative to help capture known drug traffickers in Philadelphia.[5][6] In 2000, Shapiro committed credit card fraud and identity theft and as a result was sentenced to 18 months in prison.[2]
Shapiro is now a speaker and guest lecturer at various forums including law schools, business schools, accounting firms, law firms and professional societies.
Shapiro has contributed to the publication White-Collar Crime Fighter and other miscellaneous corporate ethics publications. He currently resides in suburban New Jersey, and holds an MBA and a JD from Temple University.[7]
[edit] References
- ^ Phila. lawyer charged with bank fraud and theft, Philadelphia Inquirer, September 5, 1990.
- ^ a b An Ex-Con Tells How To Avoid Being Conned, White-Collar Crime Fighter 6, #12 (December 2004).
- ^ A year and a day for fraud: He took banks for $8.6 million, Philadelphia Inquirer, January 26, 1991.
- ^ A bank-loan spree ends in confession, $8.6 million later, Philadelphia Inquirer, September 23, 1990.
- ^ a b Light starch for a white-collared informant, Philadelphia Daily News, January 26, 1991.
- ^ Pair jailed in money-laundering, Philadelphia Inquirer, July 4, 1991.
- ^ Speaker bio, Ethics & Compliance Officer Association Sponsoring Partner Forum, 2006.
