Corporate Fraud
- Second ex-Credit Suisse banker pleads guilty in Mozambique loan scheme newNEW YORK, July 19- A former Credit Suisse Group AG banker on Friday pleaded guilty to U.S. charges that he took part in a fraud scheme that involved $2 billion in loans to state-owned companies in Mozambique and helped lead to the country's debt default. Andrew Pearse, who head Credit Suisse's Global Financing Group at…
- Eni files fraud complaint, rejigs trading arm over oil tanker fiasco newBy Julia Payne and Emilio Parodi. LONDON/ MILAN, July 18- Eni has filed a fraud complaint against its former head of oil trading over a suspect Iraqi crude oil shipment, amid concerns inside the Italian oil major that the failed delivery may have included Iranian crude targeted by U.S. sanctions. In the filing to the…
- RPT-India says Deloitte misreading law in challenging govt's call for ban*India, Deloitte argue over provisions of country's law. *India wants 5- year ban on Deloitte, KPMG affiliate in fraud case. NEW DELHI, July 14- India has told a tribunal the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu is misreading a key federal law as the firm seeks to avoid a five-year ban…
- India's Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmakerNEW DELHI, July 13- India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power& Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts. Allahabad Bank said in a statement that it had told the Reserve Bank of…
- UPDATE 2-Jury finds Platinum Partners founder guilty in fraud trialNEW YORK, July 9- Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners, was found guilty on Tuesday of defrauding bondholders of an oil exploration company Platinum controlled, but cleared of charges he defrauded investors in Platinum's hedge funds. The verdict was handed up by a jury in federal court in Brooklyn following…
- UK prosecutors charge co-founder of ethical teak investment firmLONDON, July 9- The co-founder of a company that promoted ethical investments in Brazil's Amazonian teak plantations has been arrested at London's Heathrow airport and charged with fraud, forgery and other offenses by the UK Serious Fraud Office. According to LinkedIn, Skeene co-founded Global Forestry Investments around 2008, opening offices in Sao Paolo,...
Ecommerce Fraud
Is Hacking Back with WHOIS a Good Idea? newEver heard the term “hack-back”? Hacking back is the process of identifying attacks on a system and their origin.
Campus Security Changes Laws At Oregon Colleges newKaylee's Law, named after Kaylee Sawyer, who was killed by a security officer at Central Oregon Community College in Bend during 2016, promises to change campus security laws for the well-being of students and staff at local Oregon colleges. 
Biometric Technology Used at Birmingham-Shuttlesworth Airport newThe Birmingham-Shuttlesworth International Airport implemented kiosks for a biometric scanning service for travelers. 
Fair Chance Act Gives Former Incarcerated Better Job Opportunities newA bill authored by U.S. Senators Cory Booker (D-NJ) and Ron Johnson (R-WI) to give formerly incarcerated individuals a fairer shot at finding employment passed the House of Representatives, as part of a larger package related to military defense. 
Facial Recognition: When Convenience and Privacy Collide newThe use of facial recognition in the United States public sector has received a great deal of press lately, and most of it isn’t positive. 
Report: More Federal Funding is Needed to Secure 2020 Elections newThe $380 million of Federal funds allocated to election security is not sufficient, and additional Federal support will be needed to secure the 2020 election, says a new report.
Online Fraud
The scandal that should force us to reconsider wellness advice from influencersLifestyle gurus define themselves in opposition to experts — but can we really trust what they tell us?
How cryptocurrency scams workCryptocurrency fraudsters have swindled their victims out of hundreds of millions – even billions – of dollars. What do they do to earn people's trust and then take their money?
From catfish to romance fraud, how to avoid getting caught in any online scamWhether you're caught by a catfish or an online romance scammer, both use similar techniques to play with your emotions.
Scams
Fraudzy News
Get the latest news impacting the payments & fraud industry from chargebacks & payment fraud to cyber crime and affiliate & ad fraud. Fraudzy makes it easy to absorb the newest issues in the fraud industry and follow the latest trends in fighting fraud.
Help Us Improve
Have a news source you’d like to see listed? Get in touch and let us know.