Search Results for: fraud
Democracy or Idiocracy?
October 9th, 2014
In Cyprus, we live in a democracy characterised by government by the people and/or their elected representatives: constitutional guarantees, free and fair elections, a parliament of elected members, separation of legislature and the executive, an independent judiciary, and so ...
SFO in court for Alstom bribery case
October 9th, 2014
The Serious Fraud Office (SFO) has enlisted Three Raymond Buildings’ Simon Farrell QC and Rachel Scott for its court case against French train giant Alstom, which it accused of paying around $8m (£5m) in bribes to officials over a ...
Canadian company lays out defense case for its jailed CEO
October 6th, 2014
Defense lawyers for a Canadian executive sentenced to 15 years prison in Cuba on bribery and other charges released a raft of documents on Sunday seeking to bolster their case that Cy Tokmakjian was denied a fair trial. The ...
JPMorgan faces cyber attack with more than 76 Million accounts compromised
October 3rd, 2014
The disclosure by the bank dwarfs earlier estimates that hackers had gained access to roughly one million customer accounts. A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses, a ...
Accountant jailed for £2m ‘Ponzi’ scheme
September 26th, 2014
The accountant, Geoffrey Langdale, 63, who took more than £2m from a group of investors in a so-called “Ponzi scheme” has been jailed. Geoffrey Langdale admitted deception and fraud charges at Bradford Crown Court. He was accused of taking sums ranging ...
IRS Warns Banks Of FATCA-Linked Identify Theft Attempts
September 26th, 2014
The Internal Revenue Service issued that it does not require foreign financial companies and institutions to provide information on account holders by phone, fax, or email under the Foreign Account Tax Compliance Act. The statement comes after the emergence ...
China uncovers $10bn fake trading of finance companies
September 26th, 2014
China has uncovered $10bn (£6.1bn) worth of fake trades as part of a nationwide crackdown on finance companies. The currency regulator said 15 fraud cases had been handed over to the police for prosecution. Companies sometimes falsify transactions as ...
China Watchdog Finds $10 Billion in Fake Currency Trade
September 25th, 2014
China uncovered almost $10 billion in fraudulent currency trade nationwide as part of an investigation begun in April last year, including many irregularities in the port of Qingdao, the country’s currency regulator said today. Companies “faked, forged and illegally ...
US SEC gives largest-ever Whistleblower Award of more than $30M
September 23rd, 2014
The U.S. Securities and Exchange Commission, or SEC, announced Monday that it will give out the largest-ever whistleblower award to an anonymous tipster who lives outside the country. The whistleblower will receive more than $30 million for providing crucial ...
Home Depot reports 56 million card details likely stolen in breach
September 19th, 2014
Home Depot Inc (HD.N) Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp ...
