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"Being the victim of a fraud, for a publicly funded institution, is disconcerting," he said.
If the company is smart, they can perpetrate that fraud for a long period of time.
"This is a non-trivial amount". The researchers say that scientists might commit data fraud for a variety of reasons.
Either way, Madoff was running an extravagant fraud for a lot longer than a decade, and maybe for as long as twenty-five years.
That was because in September Hallum pleaded guilty to election fraud for a scheme that involved buying and destroying absentee ballots.
The move is the latest development in what prosecutors say was a long-ranging fraud for a prominent figure in the futures industry, which largely consists of money management firms that trade contracts in commodities, currencies and interest rates.
Similar(47)
A former partner at the accounting firm Ernst & Young was found guilty on Friday of securities fraud for an insider trading scheme but not guilty of conspiracy charges.
Former drug dealer 'Dave' told me he turned to online fraud for an easier, more lucrative life.
A drug runner who admitted being paid to tour the country obtaining iPhones by fraud for an organised crime gang has been jailed for eight months.
He was tried and convicted of mail fraud for sending a phony money wire transfer, a felony, and spent the last 2 and 1/2 years in jail.
Prosecutors say Manafort's real estate dealings sometimes included multiple frauds for a single property.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com