Search Results for: fraud
Purse.io Immune to Brawker Amazon Wishlist Scam;”What Happens Under the Hood Actually Matters”
November 17th, 2014
Following recent coverage of a potential exploit on services that rely on Amazon Wishlist for order fulfillment, Purse.io, a Bitcoin service that allows users to “buy” goods on Amazon using Bitcoin at a heavily discounted price, has clarified that ...
SEC Seeks $329 Million From Wylys in Illegal Trading Case
November 13th, 2014
Samuel Wyly and the estate of his brother Charles should pay $329 million for using offshore accounts to hide stock holdings and engage in illegal trading, regulators argued in seeking to increase the penalty ordered by a judge. Wyly ...
FCA fines five banks £1.1 billion for FX failings
November 12th, 2014
The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ...
HMRC letters warning of £1m fines hit tax firms
November 12th, 2014
The first batch of avoidance experts who could be both publicly denounced by HM Revenue & Customs and forced to reveal their clients’ names has been written to by the tax department. The advisers, who HMRC regards as potentially ...
Embezzler back in court: Ronda Nixon to answer accusations Thursday
November 11th, 2014
A former law firm bookkeeper who was convicted of embezzlement in 2009 and served time in prison is scheduled to appear in federal court Thursday to answer accusations she has violated the terms of her probation, according to court records. ...
U.S. judge rejects BP bid to oust Gulf spill claims chief
November 11th, 2014
BP Plc has failed to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier in New Orleans on ...
Banks accused of failing to report true scale of cybercrime
November 10th, 2014
Treasury Committee chairman Andrew Tyrie is to question banks over allegations that they may be under-reporting instances of bank fraud because they don’t want to frighten people. Tyrie made his comments following a Treasury Select Committee hearing into cybercrime ...
HMRC recovers record £3.65bn in unpaid taxes
November 10th, 2014
A record amount of unpaid tax has been recovered from avoidance schemes, evasion and fraud by HMRC’s top team of specialist investigators – up by almost a quarter in the past year, says Pinsent Masons, the international law firm. ...
The Rise Of Social Trading
November 10th, 2014
Social media platforms have billions of active users. People use them to share thoughts, put up pictures, and play games, among other activities. With all sorts of discussions going on at these platforms, the use of social media for ...
The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare
November 10th, 2014
She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. “It was like watching an old lady get mugged on the street,” she ...
