Banking Law. Legal news and articles for January 18 - 18, 2012

Customers should read instructions carefully: Pratap PardeshiMan jailed in Baldwin County may face fraud charges in other statesSEC accuses Clayton financier of fraudSEC-SIPA Suit, Apple-Samsung, Russian Oligarch, TD in Court NewsInspector General, Volcker Rule, Piracy, EU: CompliancePRODUCTS: SafeNet combats eBanking fraud with new optical signing deviceDemocrats See Bank Of America Stadium 'No Risk' For Democratic National ConventionCops, deputies learn signs of scamsFormer exec at Pasadena's Huntington Hospital sentenced for fraudRecommended: Prosecutors aim new weapon at Occupy activists: lynching allegationUS Regulators to Defend Volcker Rule Ban on Proprietary TradesBank of NY Mellon, US in forex settlementOnline Poker Companies Payment Processor Faces Up to 55 Years for Deceiving US ...Voter fraud 'a normal political tactic' in upstate NY cityCould SOPA kill Internet Banking?

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NYC strict on bank foreclosure foul-ups
New York PostJanuary 1, 2012

“She was missing in action, demonstrating her personal contempt for the Supreme Court of the State of New York,” Shack wrote. As for Wells Fargo and Ally, two bankruptcy defense lawyers brought their names and the names of other local banks to the ...more »

Recommended: First Thoughts: Breaking down the final Iowa poll
msnbc.comJanuary 1, 2012

Second the Civil War was about banking institutions, the North was highly industrial the South agricultural hence less income and a lower ability to control them with taxes, regulations, and currency. The large banks in the North wanted to be able to ...more »

Banking Law. News and Stories

Customers should read instructions carefully: Pratap Pardeshi
Daily News & AnalysisJanuary 18, 2012

What is an Internet or net banking fraud? A net banking fraud is a fraud committed by net-savvy scamsters who use Internet technology to illegally withdraw money from a bank account or transfer the money to an account in a different bank, ...more »

Man jailed in Baldwin County may face fraud charges in other states
Macon Telegraph (blog)January 18, 2012

By AMY LEIGH WOMACK - awomack@macon.com A California man linked to financial fraud charges in seven states is being held at the Baldwin County jail. In November, $503 was fraudulently taken out of a Baldwin County resident's bank account using an ATM ...more »

SEC accuses Clayton financier of fraud
STLtoday.comJanuary 18, 2012

"This is a personal matter. This was a personal loss. ... This doesn't involve investors." Morriss filed petitions on Jan. 8 seeking Chapter 11 federal bankruptcy protection for three of his firms: Acartha Group LLC, Acartha Technology Partners LP, ...more »

SEC-SIPA Suit, Apple-Samsung, Russian Oligarch, TD in Court News
BloombergJanuary 18, 2012

The case is In re Jefferson County, 11-05736-9, US Bankruptcy Court, Northern District of Alabama (Birmingham). For more, click here. For the latest litigation department news, click here. To contact the reporter on this story: Elizabeth Amon in ...more »

Inspector General, Volcker Rule, Piracy, EU: Compliance
BloombergJanuary 18, 2012

(7733), the Japanese camera maker that hid $1.7 billion in losses, faulted five internal auditors for the fraud and said KPMG Azsa LLC and Ernst & Young ShinNihon LLC weren't responsible. A panel the company set up to investigate the fraud determined ...more »

PRODUCTS: SafeNet combats eBanking fraud with new optical signing device
ARNnetJanuary 18, 2012

Data protection provider, SafeNet, has introduced a new identity and transaction protection solution that addresses multiple levels of risk associated with online banking and trading transactions. Its eToken 3500 is an electronic signing and strong ...more »

Democrats See Bank Of America Stadium 'No Risk' For Democratic National Convention
Huffington PostJanuary 18, 2012

Charlotte gets the name because it is home to Bank of America world headquarters and the East Coast headquarters of Wells Fargo, which makes it the nation's second-largest banking center after New York. "It's just not a common term. ...more »

Cops, deputies learn signs of scams
Brownsville HeraldJanuary 18, 2012

But officers also learned the lightning fast and technologically advanced ways thieves steal consumers' credit card information. Presenter Carol Frederick, a special agent with the Florida Department of Law Enforcement, showed the officers a small ...more »

Former exec at Pasadena's Huntington Hospital sentenced for fraud
Los Angeles TimesJanuary 18, 2012

In earlier actions, federal authorities seized three vehicles and $500000 left in a bank account from Hamedany, US Atty. Angela J. Davis said. Hamedany held the title of director of construction during a period when the hospital was undergoing a ...more »

Recommended: Prosecutors aim new weapon at Occupy activists: lynching allegation
msnbc.comJanuary 18, 2012

But the felony charge — which carries a potential four-year prison sentence — is the kind of accusation that can change the landscape for would-be demonstrators. "Felonies really heighten the stakes for the protesters," said Baher Azmy, legal...more »

US Regulators to Defend Volcker Rule Ban on Proprietary Trades
BusinessWeekJanuary 18, 2012

The proposal applies to foreign firms “in a manner that not only constitutes an unwarranted interference in the non-US activities of international banks conducted in accordance with home country laws and regulations, but also exacerbates the adverse ...more »

Bank of NY Mellon, US in forex settlement
ReutersJanuary 18, 2012

By Grant McCool and Karen Freifeld | NEW YORK (Reuters) - Prosecutors and the Bank of New York Mellon Corp have reached a partial settlement over civil fraud charges brought by the government last year accusing the bank of overcharging clients for ...more »

Online Poker Companies Payment Processor Faces Up to 55 Years for Deceiving US ...
LoanSafeJanuary 18, 2012

by Evan Bedard on January 17, 2012 in Scams (Source: FBI) - Preet Bharara, the United States Attorney for the Southern District of New York, announced that IRA RUBIN, a payment processor for the Internet gambling industry, pled guilty today to money ...more »

Voter fraud 'a normal political tactic' in upstate NY city
Fox NewsJanuary 18, 2012

Two veteran Democratic political operatives in Troy said voter fraud is an accepted way of winning elections, and faking absentee ballots was commonplace. Anthony DeFiglio, a Democratic Committeeman who pleaded guilty to falsifying business records, ...more »

Could SOPA kill Internet Banking?
FinextraJanuary 18, 2012

There's an excellent review of much of these specifics around the law and how it ties in with enforcement action on Mashable. So what does this mean? To illustrate simply, lets say you post a video of your baby dancing to Beyonce's new song, ...more »

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