Thursday, December 9, 2021

Fraud

Nigeria: Former Minister Abdu Bulama arraigned over fraud charges

The Economic and Financial Crimes Commission (EFCC) Friday arraigned a former Minister of Science and Technology, Dr. Abdu Bulama, before a Federal High Court in Damaturu, the Yobe State capital, on a seven-count charge of criminal conspiracy and money...

10 Chinese-owned vineyards seized over fraud allegations

French financial police have seized 10 wineries in the Bordeaux area which are owned by Chinese conglomerate Haichang over suspicions of tax fraud, a police source told AFP on Friday. Haichang Group, based in the northeastern Chinese port city of...

France drops fraud charges against Russian billionaire Kerimov

French authorities have dropped tax fraud charges against the Russian billionaire Suleyman Kerimov, who was accused of illegally using middlemen to buy luxury villas on the Cote d'Azur. "The legal arguments which we raised for dropping the charges against Mr...

Fraud Largest healthcare fraud charges against 601 individuals

National Health Care Fraud Takedown Results in Charges Against 601 Individuals Responsible for Over $2 Billion in Fraud Losses Largest Health Care Fraud Enforcement Action in Department of Justice History Resulted in 76 Doctors Charged and 84 Opioid Cases Involving...

North Hollywood business owner pleads guilty to $500,000 fraud

The owner of a North Hollywood company pleaded guilty Thursday in a complex wire fraud scheme that targeted victims over email and resulted in more than $500,00 in losses to the victims, authorities said. Jhonna Gutierrez Fueconcillo, 41, pleaded guilty...

Vijay Mallya accused India govt of non-corporation in fraud case

The fugitive liquor baron Vijay Mallya today hit out at the government and its investigative agencies for making him the 'poster boy' of bank defaults. In a detailed five-page letter, the beleaguered tycoon claimed that despite making two public offers...

Irvin Mayfield, Ronald Markham face new wire fraud, money laundering charges

The federal government has filed four new charges of wire fraud and money laundering against Grammy-winning New Orleans trumpeter Irvin Mayfield and his longtime friend and business partner Ronald Markham, alleging they transferred an additional $140,000 from public library...

Former Arkansas senator jailed in fraud case

Former state senator Jake Files was sentenced Monday to 18 months in federal prison and was ordered to pay more than $83,000 in restitution on wire fraud, bank fraud and money laundering charges. Files pleaded guilty in January to wire...

What is Business Email Compromise (BEC) Fraud

Business email compromise (BEC) is a type of internet insecurity aimed at impersonating top-level executives, redirecting funds, and stealing invaluable data from organizations. At the very low end of the scale, BEC scams do not require a sophisticated technical skill...

Book Review – Black Edge by Sheelah Kolhatkar

Black Edge, the story of a nobody that conquer the mighty wall street. If it sounds like your typical rag to riches story, you are not far away. The rise of Stevie A Cohen through the noise of wall street...

Latest News

Former Malaysian Prime Minister Loses Appeal of 1MDB Conviction

A Malaysian court on Wednesday upheld former premier Najib Razak's conviction on corruption charges over a multi-billion dollar scandal...