Fraud Headlines
2019 Articles
February
Experian: U.S. Suffers The Most Online Fraud
Consumers and businesses in the United States appear to be experiencing substantially more online fraud than their counterparts in other regions of the world. (Dark Reading)
Feds Charge Former Top Apple Lawyer With Fraud, Insider Trading
A former top lawyer at Apple is facing federal charges of insider trading related to private information he allegedly used to trade on Apple’s shares over a five-year period. (San Jose Mercury News)
Japan's Credit Card Fraud Debacle
Fraudsters received 20 percent cash back for fraudulent purchases. (Bank Info Security)
FIS Sued For $50 Million For Alleged Fraud, Conspiracy
Jacksonville-based Fidelity National Information Systems Inc. has been accused of defrauding a client and a California regulator as well as orchestrating a conspiracy to conceal its behavior. (Jacksonville Business Journal)
U.S. Sues Lockheed Martin Over Alleged Kickback Scheme At Nuclear Cleanup site
Federal attorneys accused Lockheed of paying more than $1 million to executives from Mission Support Alliance, a joint venture that it partially owned, in exchange for “improper favorable treatment.” (Washington Post)
EU Anti-Fraud Group Heads For Estonia, Denmark To Learn Danske Bank Lessons
In the wake of Danske Bank’s money laundering scandal, an EU committee will visit Estonia and Denmark this week to meet regulators, prosecutors and the bank’s new management to discuss ways to crack down harder on fraud. (Reuters)
Wirecard Loses $8.3 Billion In Three Days On Fraud Allegations
Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. (Bloomberg)
January
Wirecard Loses $8.3 Billion In Three Days On Fraud Allegations
Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. (Bloomberg)
Ex-Patisserie Valerie Auditor Says 'Not His Role To Uncover Fraud'
The former auditor of the collapsed cake chain Patisserie Valerie has argued that it is not the role of accountants to uncover fraud. (Guardian)
U.S. Charges Chinese Telecom Giant Huawei With Fraud, Stealing Trade Secrets
The Department of Justice (DOJ) unveiled criminal charges on Monday against Huawei Technologies Co. and its chief financial officer Meng Wanzhou, accusing China's largest telecommunications company of stealing trade secrets, committing wire fraud, breaking
confidentiality agreements and violating sanctions against Iran. (CBS)
Walgreens Pays $269.2 Million To Settle U.S. Civil Fraud Lawsuits
Walgreens Boots Alliance Inc will pay $269.2 million to settle two whistleblower lawsuits accusing it of civil fraud for overbilling federal healthcare programs over a decade. (Reuters)
Soccer Star Cristiano Ronaldo Fined Over $20 Million For Tax Fraud
Specifically, prosecutors said, he dodged taxes in Spain between 2010 and 2014, when he was playing for Real Madrid. (CNBC)
Chinese Drone Giant DJI Unearths $150 Million Losses From Fraud
SZ DJI Technology Co., which discovered the corruption in an internal probe, said it’s fired multiple workers who inflated parts costs for personal gain, and contacted law enforcement. (Bloomberg)
Shutdown Blocks Help For Identity Theft Victims, As FTC Goes Dark
"It was like I can’t stop it and my government is not there to help," said a California woman whose information was stolen. (NBC)
Secret Service: Theft Rings Turn to Fuze Cards
Street thieves who specialize in cashing out stolen credit and debit cards increasingly are hedging their chances of getting caught carrying multiple counterfeit cards by relying on Fuze Cards, a smartcard technology that allows users to store dozens
of cards on a single device, the U.S. Secret Service warns. (Krebs on Security)
Mozambique Charges Ex-Minister, 17 Others In $2bn Loan Fraud Case
At least 18 people, including a former finance minister, have been charged for fraud involving $2bn in loans to state-owned companies in Mozambique, the Attorney General's Office has said, in a scandal that has ensnared two major international banks.
(Al Jazeera)
Former Barclays Top Brass Face Fraud Trial Over Qatari Funding
Former Barclays CEO John Varley and three other former executives face criminal charges in connection with a 2008 rescue package that allowed the bank to avoid a state bailout. (Al Jazeera)
DOJ Recovers $2.5B In Healthcare Fraud, False Claims In 2018
2018 was a bad year to be a healthcare fraudster. (HealthPayer Intelligence)
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