Search Results for: Fraud
The Blockchain Revolution: Which Industries Will Cryptocurrency Affect?
November 22nd, 2017
Cryptocurrency is here to stay, establishing the ability through blockchain technology for secure identity, ownership, and records of transactions. It is no secret that there is big money involved—the collective worth fluctuates between $150 and $200 billion, and this ...
Finance chiefs say bitcoin is ‘real’ but many think it’s in a bubble right now
November 21st, 2017
Ninety-seven chief financial officers (CFOs) on CNBC’s Global CFO Council were asked their view on bitcoin Out of the 43 that responded, 27.9 percent said the cryptocurrency is “real but in a bubble” Another 14 percent said that bitcoin ...
European Association for Biometrics conference: easing the digital journey
November 21st, 2017
Customers are impatient and friction leads to lost sales – a key takeaway from last week’s seminar on the use of “Biometrics in Banking and Payments” organised by the European Association for Biometrics. Researched flagged by Michael Sass, VP ...
Cryptos may destabilise fiat
November 17th, 2017
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact ...
European Authority Highlights The Risks of Initial Coin Offerings
November 15th, 2017
The European Securities and Markets Authority (ESMA) has issued two Statements on Initial Coin Offerings (ICOs), one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs. ESMA has observed a rapid ...
Investors Beware To Online Paid-To-Click Scams
November 8th, 2017
The U.S. Securities and Exchange Commission has issued a warning to inform investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a ...
KPMG is facing a battle to remain as auditor to the Bank of England
November 6th, 2017
KPMG is facing a battle to remain as auditor to the Bank of England as rivals plot to end its decade-long tenure in the prestigious role. Sky News has learnt that officials from Britain’s central bank contacted other accountancy ...
Artificial intelligence mobile payments are coming sooner than you think
November 1st, 2017
Artificial Intelligence, or AI, is an umbrella term comprised of numerous computer systems which enable machines to think, learn, and react as a human would. These systems include, Machine Learning, such as Deep Learning and Predictive Analysis, Speech to ...
Day Trader Charged in Brokerage Account Takeover Scheme
October 31st, 2017
The Securities and Exchange Commission charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock ...
Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits
October 26th, 2017
The Securities and Exchange Commission charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to a ...
