Search Results for: Fraud
Scientists estimated that VW’s emissions cheating will lead to some 1,200 premature deaths in Europe
May 4th, 2017
Scientists are working on an assessment of the health impact of excess emissions from diesel cars in Europe in the wake of the Dieselgate scandal. The assessment is a follow-up to a study published last March, in which it ...
The Financial Conduct Authority warns for Stratton FX
May 2nd, 2017
The Financial Conduct Authority (FCA) has issued a warning about Stratton FX (clone of FCA authorised firm) and informs investors and public that fraudsters are using the details of firms the FCA authorises to try to convince people that ...
Financial sector breaches skyrocket in 2016
April 29th, 2017
More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM. The monetary gains associated with corporate and customer data available throughout the financial sector ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
EUR 230 million worth of fake food and beverages seized in global operation; case by country
April 27th, 2017
Operation OPSON VI, the joint Europol-INTERPOL operation targeting counterfeit and substandard food and drink, as well as the organised crime networks behind this illicit trade, has resulted in the seizure of 9 800 tonnes, over 26.4 million litres, and ...
FCA warns for a clone of ADS Securities
April 26th, 2017
The Financial Conduct Authority (FCA) has issued a warning about a clone of ADS Securities and informs investors and public that fraudsters are using the details of firms the FCA authorises to try to convince people that they work ...
71 Binary Options and Forex providers added to CFTC RED List
April 26th, 2017
As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 71 new names to the RED List. These 71 new additions bring the total number of foreign ...
Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account
April 25th, 2017
The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges ...
CFTC charges purported hedge fund that traded commodity futures and forex contracts
April 21st, 2017
CFTC Charges Purported Hedge Fund Capitol Equity FX LLC and California Residents Robert Leland Johnson IV and Marisa Elena Johnson with Fraud, Misappropriation, and Registration Violations The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a ...
Bose Headphones accused in lawsuit of spying on listeners
April 20th, 2017
A new class-action lawsuit claims high-end headphone company Bose has been tracking and distributing customers’ data without telling them. According to the complaint, filed late Tuesday in the U.S. District Court in Chicago, the headphone company’s Bose Connect app ...
