Fraud Feed

This is an automated news feed on the topics of fraud, corruption, asset tracing and recovery.
Captial Bank's fraud seminar to be held Wednesday - Gloucester County Times - NJ.com
Captial Bank's fraud seminar to be held Wednesday Gloucester County Times - NJ.com taxes-spending.JPG Star-Ledger file photo. Capital Bank of New Jersey, with offices in Woodbury Heights, Vineland and Hammonton, is reaching out to senior citizens to protect them from myriad forms of fraud devised by criminals. The community bank and ...
Phishing attacks take £30 million toll as UK online bank fraud rises - Techworld.com
Phishing attacks take £30 million toll as UK online bank fraud rises Techworld.com Online banking losses in the UK reached nearly £30 million ($48 million) in the first half of 2014, as criminals targeted the accounts of businesses that allow higher-value transfers, according to banking organisation Financial Fraud Action UK (FFA). and more »
Saradha Was Running Ponzi Schemes, to Face Prosecution: Serious Fraud ... - NDTV
NDTV
Saradha Was Running Ponzi Schemes, to Face Prosecution: Serious Fraud ... NDTV New Delhi: Completing its probe into 'chit fund scam' of 14 Saradha group firms, Serious Fraud Investigation Office (SFIO) today said these companies have been found to be running 'ponzi schemes' and would face prosecution for violation of several laws. Widespread fraud by Saradha group: probe agencyThe Hindu Saradha scam: SFIO completes probe, says 14 firms were running 'ponzi schemes'IBNLive Saradha was operating ponzi schemes; to face prosecution: SFIOEconomic Times Indian Express -Business Standard all 35 news articles »
Big bank loss, fraud, deleted files at center of lawsuit - The Virginian-Pilot
Big bank loss, fraud, deleted files at center of lawsuit The Virginian-Pilot A scheme that cost a local bank nearly $3 million began when Michael LoCash, its chief financial officer, met a suave strip-club-owner-turned-investment-broker from Michigan named Dante DeMiro. They partied together, played video games, watched sports ... and more »
Case against Bank Cashier for Rs 19 Lakh Fraud - The New Indian Express
Case against Bank Cashier for Rs 19 Lakh Fraud The New Indian Express Branch Manager of the bank, Ranjit Swain, lodged the case against the cashier Santanu Jena with Erasama police on Saturday alleging that though the latter took money from depositors and gave them deposit slips in return, he neither deposited the money ...
China commodity finance costs spike after Qingdao fraud - Risk.net
China commodity finance costs spike after Qingdao fraud Risk.net According to market participants, most of the banks nursing losses from the fraud are still active in the China commodity finance business but have radically increased the level of margin that clients are required to post in order to agree deals ...
Online banking fraud increases by 71% in a year - This is Money
Online banking fraud increases by 71% in a year This is Money James Daley, of consumer website Fairer Finance, called the rise in fraud an 'epidemic', adding: 'The problem is getting to levels that would suggest more organised gangs involved and that's when there needs to be a more concerted effort from the ...
Importing Company's Founder Pleads Guilty to Securities Fraud - Federal Bureau of Investigation (press release)
Importing Company's Founder Pleads Guilty to Securities Fraud Federal Bureau of Investigation (press release) On September 12, 2014, Eric Aronson, the founder and head of Permapave Industries LLC and Permapave USA Corporation (“Permapave”), pleaded guilty to securities fraud for soliciting over $30 million from more than 200 investors for fraudulent ...
Online banking fraud up 71pc despite rise of log-in gadgets - Telegraph.co.uk
Telegraph.co.uk
Online banking fraud up 71pc despite rise of log-in gadgets Telegraph.co.uk Financial Fraud Action UK, an industry body, said fraudsters have been tricking victims into revealing their online banking passwords and personal information through posing on the phone as someone from a bank or building society fraud investigation team. Card fraud hits Record Highs marking a 71% increase on the Previous YearMoneyExpert Online banking fraud jumps 71 percent in UKMarket Business News Card fraud hits record £174.5mThe Courier E&T magazine all 17 news articles »
Bitcoin increases fraud risk, says Bank of England - E&T magazine
E&T magazine
Bitcoin increases fraud risk, says Bank of England E&T magazine The finite supply of Bitcoins – which are traded between users outside the banking system – meant that an economy where they formed the main currency would be at risk of deflation, the UK's central bank said. Most currencies have their supply partly ... Bank of England sees Bitcoin fraud risk, deflation dangerMoneyweb.co.za all 77 news articles »

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11 August 2014- Bankruptcy Beat Snapshot: Stephen Darr

FraudNet member for USA Kathy Bazoian Phelps of Diamond McCarthy LLP, Los Angeles was interviewed in a blog published by the Wall Street Journal entitled Bankruptcy Beat Snapshot: Stephen Darr. A PDF download of the article is available here

 

July 2014 –Who¹s Who Legal: Asset Recovery 2014

Eight FraudNet members are on the list of the 10 Most Highly Regarded Individuals in Who’s Who Legal: Asset Recovery 2014. The prestigious list identifies practitioners who stand out worldwide and includes: Martin Kenney, Martin Kenney & Co, British Virgin Islands; Edward H. Davis,Astigarraga Davis, Miami; Stephen Baker,Baker and Partners, St Helier, Jersey; Andrew Witts Wragge Lawrence Graham & Co, London; Steven Philippsohn, PCB Litigation, London; Bettina Knoetzl,Wolf Theiss, Vienna; Gregory Glynn,Arthur Cox, Dublin; and Yves Klein, Monfrini Crettol & Associes, Geneva. Click here to see the Top 10 and read the bios.

Additionally, numerous FraudNet members are listed among the world’s leading fraud and asset recovery lawyers in the Who’s Who Legal: Asset Recovery 2014 category. Click here to see the complete list.

 

4 June 2014- Facebook and Twitter used to track hidden wealth in divorce cases

FraudNet member for United Kingdom Steven Philippsohn of PCB Litigation LLP, London was interviewed in an article published by the United Kingdom’s Daily Telegraph entitled Facebook and Twitter used to track hidden wealth in divorce cases. A PDF download of the article is available here

 

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