Search Results for: fraud
SFC on Investors fraud: Maxim Trader site suspended and $23.5 million assets of Maxim Capital Limited freezed
November 12th, 2015
The Court of First Instance has granted various interim orders against Maxim Capital Limited (Maxim Capital), an unlicensed investment firm, including freezing all its monies in Hong Kong totalling approximately $23.5 million following legal proceedings brought by the Securities ...
SEC warns for fraudsters who may attempt to manipulate share prices by using social media
November 6th, 2015
The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or ...
Amazon and eBay ‘liable’ if they ignore VAT fraud
November 2nd, 2015
Amazon and eBay could be liable for billions of pounds in unpaid VAT if they fail to properly investigate traders using their sites to escape sales tax, the BBC has learned. The online marketplaces could be legally required to ...
HKMA warns for a fraudulent website contains the name Citi Hong Kong
October 22nd, 2015
The Hong Kong Monetary Authority (HKMA), has issued a warning to inform public and investors for a fraudulent company and website. Specific, HKMA has informs that: Citi Hong Kong alert the public to a company named “Hong Kong Citi ...
CFTC charges individial for fraud involving a Futures Trading System and Advisory Service
October 22nd, 2015
Gramalegui also Charged with Violating a CFTC Administrative Order Entered in 2001, Settling Prior Fraud Charges Brought against Him The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District ...
Over $31 Million in penalties for Fraud and Ponzi Scheme Operator
October 21st, 2015
In a Related Criminal Action, John R. Bullar was sentenced to 8 Years 4 Months in Prison and Ordered to Pay over $6 Million in Criminal Restitution The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Michael ...
Computop and CardinalCommerce Partner to Enable Retailers to Minimize Fraud in Online and Mobile Commerce
October 14th, 2015
Partnership Provides Retailers with Comprehensive, Secure Payment Solution with Rules-Based Consumer Authentication Functionality for their Domestic and Global Commerce Needs Computop, a leading payment service provider (PSP), and CardinalCommerce, the global leader and pioneer in the remote payments industry ...
Six people arrested in BoB forex fraud case
October 14th, 2015
Bank’s branch head, forex ops chief among those held Six persons, including Bank of Baroda’s branch head at Ashok Vihar, New Delhi, and an HDFC Bank employee, were arrested on Tuesday in connection with trade-based mechanism to launder money ...
CFTC charged FOREXNPOWER for Forex Fraud Scheme
September 28th, 2015
CFTC Charges New York Corporations Safety Capital Management, Inc. and GNS Capital, Inc., both d/b/a FOREXNPOWER, and New York City Residents John Won, Sungmi Kang, and Tae Hung (“Kevin”) Kang with Fraudulently Soliciting More than $1.5 Million in a ...
SEC Announces Fraud Charges Against Financial Adviser
September 10th, 2015
SEC Announces Fraud Charges Against Financial Adviser Accused of Greatly Exaggerating Assets Under Management and Investment Returns on Paid Radio Program The Securities and Exchange Commission announced fraud charges against a Maryland-based financial services firm and its founder/CEO accused ...
