Fred Shapiro
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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.
