But critics of the proposal say it would leave banks holding the bag and make mortgages harder to get in the future. Still, the sponsor, State Sen. Bert Johnson, D-Detroit, argues his proposal is needed to assist Michigan homeowners whose tax dollars ...more »
Black is the author of The Best Way to Rob a Bank Is to Own One (2005) which focuses on the role of �control fraud� in financial crises. Black developed the concept of "control fraud" � frauds in which the CEO or head of state uses the entity as a ...more »
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 »
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 »
"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 »
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 »
(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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
