Fraud

The Wells Fargo Fake Account Scandal: A Timeline

Wells Fargo

The old magazine scam is alive and well. Here's how to fight back

<b>Dear Liz:</b> I got scammed by a magazine company a year ago. I thought the call was about two magazines I wanted to stop as I was moving. The woman talked fast and took me through the steps with my bank card (which was stupid of me, I now know) as if she was helping and at the end she said, “Oh, those …

Retirement

Former Charleston political figure Charles 'Pug' Ravenel passed away Saturday

Local banker and one-time gubernatorial candidate Charles D. “Pug” Ravenel, of Charleston, died Saturday at home, according to Stuhr's funeral home. …

Bank Fraud

Owner of Silicon Valley staffing firm charged in visa fraud

The men obtained H-1B visas for more than a dozen people by claiming the workers had jobs at Stanford University, Cisco Systems and Brocade Communications Systems, according to the indictment.<p>SAN FRANCISCO (AP) — The owner of a company that supplied foreign workers to San Francisco Bay Area …

Silicon Valley

Cornish pasty crimper ‘posed as Asian porn star to con pensioner out of £35,000’

<b>A woman who worked crimping Cornish pasties used her spare time to defraud a pensioner by pretending to be a porn star, a court heard.</b><p>Aysha Begum, …

Silicon Valley Firm Coupa Hit by W-2 Fraudsters

sponsored by<p>Fraudsters Fake Out HR by Pretending to be the CEO as Related Attacks Continue Mathew J. Schwartz (euroinfosec) • March 23, 2017<p>Silicon …

Cybersecurity

QNet scam: More than Rs 1 crore found in bank A/Cs of accused

Aditi Mitra and her husband<b></b><br>Aditi Mitra, the 'sweet talking' accused involved in the multi-crore QNet scam, had over Rs 1 crore in her account, the …

Identity thieves who pleaded guilty each get 3 years

An eventful week in the Justice Department’s Southern District of Florida office fighting South Florida’s rapidly growing identity theft industry …

Crime

ASIC needs more power over white-collar criminals, according to Senate

When Australian Securities and Investments Commission chairman Greg Medcraft told a room full of business journalists that Australia is a paradise …

Government

Fin24.com | Credit ombud rakes in millions for consumers

Are you unhappy with your credit provider? Have you been given more debt than you can afford to pay back? Help is at hand, and it’s just an SMS away.

Business (South Africa)

Justice Department fines Miami pizza chain for green card policy

A Miami pizzeria chain will have to cough up lots of dough to the U.S. Department of Justice for discriminatory employment practices.

U.S. Department of Justice

Lawyer pleads guilty to $600 million Social Security fraud that involved bribing federal judge

A flamboyant Kentucky lawyer who billed himself as "Mr. Social Security" pleaded guilty Friday for his role in what prosecutors portrayed as a long-running scheme to defraud the government of nearly $600 million in federal disability payments.<p>Eric C. Conn pleaded guilty in federal court in …

Social Security

7 Signs Of Highly Effective Scams

Sometimes the language is blunt in a scam pitch: “You can’t lose,” or “you’ll make a fortune.” All too often, scam victims lose their sense of scrutiny and get swindled over these phrases.<p>Not surprisingly, swindlers know exactly whom to target. Typically, they are men over the age of 65 living in …

Business

Palm Beach deputy pleads guilty to helping identity thief

The same week the federal government arrested a Hialeah police officer on charges of using his cop access to a state database to help commit identify …

Crime

More than half the funds laundered in a major Russian scheme went via the UK

The Global Laundromat, a money-laundering scheme that ran from 2010-2014, funnelled more dirty money through the UK than any other country<p>More than $20bn (£16bn) was shifted out of Russia between 2010 and 2014 in a large-scale money laundering operation called the Global Laundromat. The scheme was …

United Kingdom

Indian Politician Thinks Bitcoin Is a Ponzi Scheme

A recent statement made by one of the Indian politicians shows the lack of awareness about the digital currency among many. The politician in …

Bitcoin

Candidate for dean of UB Law School charged in embezzlement scheme

A finalist to become the next dean of the University at Buffalo Law School was indicted this week on federal fraud charges related to the alleged …

Buffalo

CBI Books Four Ex-Bank Officials, 6 Others For Rs 209 Crore Fraud At Syndicate Bank

The CBI Saturday lodged a case against two former AGMs, two ex-chief managers of Syndicate Bank's Jaipur and Udaipur branch, and six others for …

Bank Fraud

Telephone scammer takes money from couple with claims their computer had been hacked

JOHN BISSET/FAIRFAX NZ<p>Couple scammed after phone call claiming their computer had been hacked.<p>A couple say they made a "silly decision" to trust a …

New Zealand News

JustGiving take over London terror attack victim fundraising page amid fraud fears

JustGiving have taken over a fundraising page for a Westminster terror attack victim amid fears it was set up by a fraudster.<p>The page was set up to …

Terrorism

N. Carolina man accused of bilking victims of $800K

Authorities accuse a 78-year-old western North Carolina man of stealing more than $800,000 by persuading victims to put money into bogus financial …

Prison for San Diego FedEx driver turned hedge-fund fraudster

Investors who visited EquityPro Capital’s new downtown San Diego office couldn’t help but be impressed with the custom wall of 30 flat-screen TVs …

San Diego

Quebec seeks to crack down on meat fraud

Agriculture minister says he's alarmed by reports of pork finding its way into ground beef<p>The Quebec government wants to crack down on fraudulent …

Meat

U'khand govt unearths land acquisition scam, writes for CBI probe

The newly elected Trivendra Singh Rawat government in Uttarkhand has claimed to have unearthed a "scam" running into hundreds of crores of rupees in …

Corruption

Bemus Point attorney convicted of stealing $3.4 million from investors

A Bemus Point attorney was convicted in federal court Friday of mail fraud, receiving more than $3.4 million from victim investors, according to the …

Buffalo

High-ranking SQ officers request a stay of proceedings in their criminal cases

A former head of the Sûreté du Quebec and two of his former officers appeared before a judge Friday, asking him to stay criminal charges dating back …

Canadian News

India market regulator accuses Reliance Industries of fraud

India's markets regulator has barred Indian conglomerate Reliance Industries and 12 others from trading in equity derivatives for a year for …

Business

It’s time for the feds to follow the Russian money

As the Watergate probe was heating up in the summer of 1973, the special prosecutor’s office gained a silent partner: the Treasury Department’s Internal Revenue Service. The Watergate scandal had engulfed the activities of corporations and corporate officials. An IRS investigation found tax …

Opinion

These are the 3 biggest financial scams in America: What to know and how to fight back

Considering that you spend most of your waking hours earning money, it only makes sense to keep the cash you worked so hard for safe from scammers. …

Identity Theft

Lawyer With Key Evidence In Russian Corruption Scandals Falls From Building Before Testifying

Curious things have happened to lawyers involved in a massive tax fraud investigation involving government officials in Russia. Sergei L. Magnitsky, the lawyer who initially uncovered the alleged fraud died in prison. This week, Nikolai Gorokhov, the lawyer representing Magnitsky’s family, is …

Russia