Search Results for: Fraud
Alert: PayPal email scam is currently in circulation
November 16th, 2016
The Institute of Financial Accountants (ifa) has issued today a warning for a PayPal email scam. Please be aware that a PayPal email scam is currently in circulation. The email relates to AML checks and then directs you to ...
Broker sentenced in $3 million Ponzi scam
November 16th, 2016
A former Greenville broker accused of stealing from his clients in a long-running Ponzi scam was sentenced Tuesday to two years in a federal penitentiary. Claus C. Foerster, 56, of Spartanburg, defrauded clients of over $3 million while employed as ...
Former financial adviser has been sentenced to seven years imprisonment
November 15th, 2016
Former financial adviser, Mr Darren John Wise, has been sentenced in the Maroochydore District Court to seven years imprisonment on charges brought by ASIC. Mr Wise will be eligible for parole after serving 20 months. Mr Wise, formerly of ...
European Council Endorses Exchange Of Beneficial Ownership Data
November 15th, 2016
The European Council has endorsed a proposal to grant tax authorities access to information held by authorities responsible for the prevention of money laundering. Where a financial account holder is an intermediary structure, financial institutions are required by EU ...
SEC Chair Mary Jo White Announces Departure Plans
November 15th, 2016
SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the ...
VW, Audi Confirm Investigation Into Carbon Dioxide Levels in Some Audi Cars
November 14th, 2016
Volkswagen AG and its Audi AG luxury unit on Saturday confirmed that U.S. and European investigators are looking into fresh irregularities related to carbon dioxide emissions levels in certain Audi automatic-transmission vehicles. Volkswagen said it was in talks with U.S. and European regulators over ...
FCA UK warns for a clone of a financial services group
November 14th, 2016
The Financial Conduct Authority (FCA) has issued a warning to inform that fraudsters are using the details of firms the FCA authorises to try to convince people that they work for a genuine, authorised firm. This is what FCA calls a ...
Bitcoin scammer busted by Dubai Police
November 11th, 2016
A scam artist conned three young men out of hundreds of thousands of dirhams worth of Bitcoins then spent the cash of living a life of luxury, Dubai Police have said. The Asian man, whose nationality was not stated ...
Israeli-based firm must pay more than $1.7 million for misleading investors into trading binary options
November 11th, 2016
The Securities and Exchange Commission announced that an Israeli-based firm must pay more than $1.7 million for misleading investors into trading binary options over the internet, and the agency warned that other firms may be out there actively trying to ...
London ‘flash crash’ trader faces up to 30 years in US jail after admitting to spoofing
November 10th, 2016
Navinder Singh Sarao, who operated from parents’ UK home, also agreed to pay US government $12.8m. A trader who operated from his parents’ home in London faces up to 30 years in jail in the US, after pleading guilty ...
