Search Results for: fraud
IFSC of Belize issued a warning regarding TradingBanks
December 3rd, 2015
International Financial Services Commission of Belize (IFSC) issued a warning to inform public and investors that It has come to the notice of the IFSC that an entity calling itself “TradingBanks” claims to be a brand owned and operated ...
VW Scandal: Top law firms competing for lead assignment in expected multibillion-dollar case
December 3rd, 2015
Top law firms competing for lead assignment in expected multibillion-dollar case Lawyers from across the country will descend Thursday on a courthouse in New Orleans to jockey for a potentially lucrative assignment: a role in the massive consumer-fraud litigation facing Volkswagen AG over ...
Over 10,000 people were duped by Bitcoin mining startup, feds say
December 2nd, 2015
SEC: Josh Garza and GAW Miners “robbed one investor to pay another.” On Wednesday, the Securities and Exchange Commission sued the founder of a now-shuttered Bitcoin mining company, alleging that it committed $19 million worth of fraud in a Ponzi scheme. ...
SEC Charges Bitcoin Mining Companies
December 2nd, 2015
The Securities and Exchange Commission today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors. According to the SEC’s complaint filed in ...
Standard Bank to Pay $4.2 Million to Settle SEC Charges
December 1st, 2015
Bank Agrees to $36.9 Million Global Settlement with the SEC and the U.K.’s Serious Fraud Office The Securities and Exchange Commission today charged Standard Bank Plc with failing to disclose certain payments in connection with debt issued by the ...
FCA warns for LondonFX as a clone firm
November 30th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Clone firm details ...
FCA: A sentence of 10 years imprisonment imposed on individual for a “giant Ponzi scheme”
November 25th, 2015
The Court of Appeal has upheld a sentence of 10 years imprisonment imposed on Phillip Harold Boakes following his conviction on 6 March 2015 on charges prosecuted by the Financial Conduct Authority (FCA). Mr Boakes was appealing his ...
German prosecutors launch tax evasion probe at Volkswagen
November 25th, 2015
German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen (VOWG_p.DE), adding to the intense scrutiny of Europe’s biggest carmaker. The investigation focuses on five Volkswagen employees, a spokesman for ...
The Financial Regulators of UK and Denmark warn investors for unauthorised financial services firms
November 24th, 2015
The Financial Conduct Authority (FCA), the financial regulatory authority of UK and the Danish Financial Supervisory Authority (Finanstilsynet) have issued warnings to inform investors and public for unauthorised and clone firms providing financial services. According to FCA, Fraudsters are ...
Deutsche Bank tests password-free mobile security
November 23rd, 2015
Deutsche Bank is experimenting with new antifraud technology that uses the way you handle and hold your phone to work out if you are really you. The bank hopes the system will free customers from passwords and allow it ...
