Fred 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". [ [http://docs.newsbank.com/g/GooglePM/PI/lib00187,0EB2A0D7AB4C8D12.html Phila. lawyer charged with bank fraud and theft] , "Philadelphia Inquirer", September 5, 1990.] 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. [http://www.theprosandthecons.com/articles/SHAPIRO%20PDF.pdf An Ex-Con Tells How To Avoid Being Conned] , "White-Collar Crime Fighter" 6, #12 (December 2004).] [ [http://docs.newsbank.com/g/GooglePM/PI/lib00187,0EB2A16B4F8E762C.html A year and a day for fraud: He took banks for $8.6 million] , "Philadelphia Inquirer", January 26, 1991.] [ [http://docs.newsbank.com/g/GooglePM/PI/lib00187,0EB2A0E8AAB6599F.html A bank-loan spree ends in confession, $8.6 million later] , "Philadelphia Inquirer", September 23, 1990.] [http://docs.newsbank.com/g/GooglePM/DN/lib00185,0EB29DFE6EAFA014.html Light starch for a white-collared informant] , "Philadelphia Daily News", January 26, 1991.] 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. [ [http://docs.newsbank.com/g/GooglePM/PI/lib00187,0EB2A215656C3E6F.html Pair jailed in money-laundering] , "Philadelphia Inquirer", July 4, 1991.] In 2000, Shapiro committed credit card fraud and identity theft and as a result was sentenced to 18 months in prison.

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. [ [http://www.theecoa.org/Events/SPF/SPF2006_speakers.asp Speaker bio] , Ethics & Compliance Officer Association Sponsoring Partner Forum, 2006.]

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