Six senior officials of the City Harvest megachurch in Singapore have been sentenced for their involvement in a $35 million fraud case. The founder and pastor of the evangelical church Kong Hee has been sentenced […]
Tag: Fraud
Online Shoppers Are Strongly Cautioned To Be Extra Careful This Holiday Season
Those who love to shop online for just about everything, especially during the holiday season, should be a little more careful this year. Attempts by criminal hackers to steal consumers’ payment information in order to […]
Art Forgers Have Gotten So Good Researchers Have To Use DNA To Catch Them
Art forgery may have finally met its match, thanks to a new form of art authentication that uses synthetic encrypted DNA. Professional art authenticators have increasingly begun to refrain from endorsing authentic works for fear […]
Ben Carson Knowingly Promoted Mannatech, Which Is Best Known For Its Fraudulent Health Claims
At the recent Republican presidential debate, candidate Ben Carson tried to downplay his ties to the dietary supplement company Mannatech. Meanwhile, evidence that Carson once served as a spokesperson for this company, which is mostly […]
Daters Looking For Love Online Were Swindled Out Of Over $50M Last Year
Most people know that there are scammers out there who will do whatever it takes to make a quick buck. Many people also know that the internet is full of these types of scammers. People […]
U.S. and Canada Work Together To Uncover $5 Billion Scam
Toronto Police and the FBI worked together to uncover a cross-border fraud and money-laundering operation that amounted to more than $5 billion.Three men in the greater Toronto area were arrested in connection with the scheme, […]
Bernard Madoff Fraud Victims Set To Have A Good Portion Of Their Money Recovered
After being duped by the major Ponzi scheme conducted by Bernard Madoff, victims are starting to learn how much money they will be able to recover. People who invested up to a little over $1.1 […]
Chip Cards To Replace Magnetic Stripes But Are Americans Ready?
The magnetic stripe found on credit cards has had a long run. Several decades to be accurate. Created in the 1960s, the magnetic stripe changed the way that consumers and merchants did business. Now, the […]
Greece’s ‘Island Of The Blind’ Highlights Public’s Responsibility For Financial Crisis
The Ionian Sea island of Zakynthos, famous for its gorgeous beaches and sparkling waters, is also home to an unabashed and shameless scam which occurred over several years, eventually costing the Greek government several millions […]
Facebook Likes Found To Be Nearly Worthless Due To Policy Changes, Like Fraud
Facebook is appearing more useless by the day to businesses as brands claim they are not reaching their followers due to tweaks the company has made to its news feed. The reach of Facebook pages, […]
FTC Starts Regulating The Murky World Of Failed Crowdfunding Projects
The Federal Trade Commission (FTC) this week finally got involved in the wonderful, and sometimes scammy, world of crowdfunding. The agency went after Portland-based The Forking Path, Co., run by Erik Chevalier, who promised to […]
Silicon Scammer Ellen Pao Appeals Her Loss In Court
Conniving Silicon Valley scammer Ellen Pao is still going for the money. The supposed female rights advocate, and current Reddit CEO, will appeal the result of a gender discrimination lawsuit she brought against the powerful […]
Fifteen Chinese Nationals Charged In Huge College Entrance Exam Fraud Scheme
The U.S. Department of Justice said on Thursday that it has charged fifteen Chinese nationals with paying impostors to take college entrance exams, including the SAT. The illegal test takers gained acceptance to elite American […]
Criminal Racket Deutsche Bank Pays Yet Another Multi-Milion Dollar Fine For Illegal Activity
Deutsche Bank AG announced that it will pay $55 million to settle U.S. Securities and Exchange Commission claims that it faked the value of derivatives during the financial crisis. If this sounds familiar its because […]
Nobody In Jail After Yet Another Record Bank Scandal
It wouldn’t be a week in America without a criminal banking scandal and this week did not disappoint. BNP Paribas SA was sentenced to just five years probation by a U.S. judge on Friday in […]
Psychologists Met In Secret To Help Bush Justify Torture Program
Disturbing revelations about just how far our government will go to justify their actions to the public have emerged today. A watchdog analysis released on Thursday shows that the leading American professional group for psychologists […]
Deutsche Bank CEO To Stand Trial For Purgery
Corruption starts at the top and in the case of Deutsche Bank it appears to have gone all the way to the very top. CEO Juergen Fitschen is one of five defendants in a trial […]
Intuit Facing Massive Class Action Suit Over TurboTax Security
Intuit, creator of popular tax-filing software TurboTax, is facing a devastating class action lawsuit over rampant fraud and identity theft against people who used its TurboTax software to file their tax returns. The fraud also […]
Another Day Another Bank Scandal – Deutsche Bank Fined $2.5 Billion
Americans should be outraged today as The New York Department for Financial Services announced that Deutsche Bank will pay a $2.5 billion fine “in connection with the manipulation of the benchmark interest rates, including the […]
Bitcoin Exchange Was Stealing Coins For Years
The mystery around Tokyo based bankrupt Bitcoin exchange Mt Gox got deeper Tuesday morning. WizSec, a Tokyo-based group that’s been analyzing Bitcoin thefts claims the crypto-currency was going missing from the exchange long before it […]