You are here

FRAUD

American gangsters! Matt Taibbi & Max on suckers buying bogus & big bank mass perjury

Matt Taibbi talks about the injustice that follows the wealth divide and how Ferguson, Missouri plays into that.

American gangsters! Matt Taibbi & Max on suckers buying bogus & big bank mass perjury

Spanish King's brother-in-law stole funds - Accountant

Accountant Marco-Antonio Tejeiro, a fellow suspect in the fraud case facing Urdangarin, offered the first direct testimony against the 46-year-old former Olympic handball player who is the husband of Felipe's sister, Princess Cristina.

Spanish bank manager robs blind man of €27,000

A bank manager in eastern Spain has been charged with cheating a partially blind 93-year-old out of €27,000 by fooling him into signing a document which granted her access to his savings.

Confirmed: Spanish King's sister will go on trial

A Spanish judge ruled on Wednesday that King Felipe VI's sister, Princess Cristina, and her husband must face fraud charges, opening the way to an unprecedented criminal trial.

Spanish king's sister faces 11 years for tax fraud

Reports indicate that the Infanta Cristina, sister of Spain's King Felipe, will be summonsed to court this week to face charges of money laundering and cooperation in the fiscal crimes allegedly committed by her husband, Iñaki Urdangarin, for which she could face up to 11 years in prison.

Germany next to Nigeria in fraud

German businesses have reported one of the highest levels of corruption in the world, with one in four managers saying they had experienced a significant case of fraud in the last two years.

Are Ukrainians the most fastidious voters there are?

In a transparent ballot box in a polling station somewhere in Ukraine, dozens of ballots lie neatly folded at the bottom of the box. Is this evidence of a little election fraud to help achieve the "foregone conclusion" that is the Presidential Election in Ukraine, or just proof that the Ukrainian electorate is the most fastidious in existence?

Iranian businessman hanged over biggest bank fraud

A businessman involved in embezzling billions of dollars in Iran's biggest bank fraud case has been executed, state media say.

Unverified & exposed: NYT-State Dept 'Russians in Ukraine' image proof collapses

Pictures presented by Washington and Kiev as evidence of Russia's involvement in Ukraine, and published on Monday by the New York Times, were unverified and in fact contradicted the claims they were to support.

Royal Bank of Scotland 'Cleared' Of Ill-Treating Small Firms

A review ordered by the Royal Bank of Scotland has cleared the lender of fraud against small and medium-sized business customers.

Anglo Irish Bank accused could each face five years in prison for each offence

After being found guilty of 10 counts of providing unlawful financial assistance to ten developers, former Anglo Irish Bank executives Pat Whelan and Willie McAteer will return for sentencing on 28 April.

Top EU bank chief linked to €30m scandal

The vice president of the European Investment Bank is at the heart of a Spanish probe into the misuse of millions of euros of public funds that has rocked Spain's main opposition Socialists.

Brazilian corruption case banker arrested in Italy

The former marketing head of the Banco do Brasil, Henrique Pizzolato, ensnared in a huge corruption scandal, has been arrested in Italy, Brazilian police said on Wednesday.

JPMorgan, Morgan Stanley fined $1.8 bn for concealing pre-crisis mortgage risk

Morgan Stanley has agreed to pay $1.25 billion to the US government, and JPMorgan has been fined $614 million as a penalty for concealing the full risk associated with mortgage securities.

EU report: Corruption widespread in the bloc

The first ever European Commission report on corruption has exposed fraud, bribery and graft on what it describes as a 'breathtaking' scale. The headline figure is an astonishing $160 billion. That's the cost to the European economy every year.

EU report: Corruption widespread in the bloc

South Korean credit card firms under fire as 20 million users’ details stolen

South Korean credit card firms are being investigated for failing to ensure the security of their clients’ data. Financial bosses bowed in apology as prosecutors said it took a USB stick for a contractor to steal credit card details of 20 million people.

Barclays traders to face U.K. Libor questioning

Several former Barclays Plc (BARC) traders suspected of involvement in Libor manipulation were ordered to report to U.K. fraud prosecutors for interviews, according to a person with knowledge of the case.

Libor: Three former Rabobank traders charged in the US

A Briton is among three former Rabobank traders charged in the US for allegedly conspiring to manipulate the Yen Libor benchmark interest rate since 2006.

$2 bln compensation closer for 7 million victims of insurance mis-selling

Clients mislead by 13 of Britain’s biggest banks and credit card insurer CPP have agreed a proposed reimbursement scheme, which means the estimated seven million customers should get a share of a $2 billion in compensation by the spring.

JP Morgan Pays $2 Billion to Avoid Prosecution for Its Involvement In Madoff Ponzi Scheme

Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes.

So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution.

White House ‘We the People’ petitions unanswered two years later

The Obama administration has touted the White House website’s ‘We the People’ section as a powerful platform for the American public to petition their government. According to a new report, however, those solicitations are all too rarely acknowledged.

Irish banking world rocked as three financiers in court

A former chief executive of Irish Life & Permanent (IL&P) and two other former bankers will stand trial on charges of conspiring to mislead Anglo Irish Bank investors in the run-up to the banking crisis of September 2008.

EU imposes record 1.7bn euro fines on major intl banks over rate-rigging

The European Commission has slapped record fines of 1.7 billion euros on six major banks for manipulating lending rates that play a key role in the global economy. The penalties will add to already escalating costs for leading global lenders.

Online gaming co. fined $1mn for turning users’ computers into bitcoin-mining slaves

The New Jersey attorney general’s office announced Tuesday a $1 million settlement with an online video gaming company that used malicious software to monitor subscribers’ computer activity and illegally mine bitcoins when users were absent.

Pentagon forged financial documents amid failure to manage budget

A new report has revealed the Pentagon to be fundamentally incapable of managing its own books, with money and supplies unaccounted for and doctored ledgers masking billions of dollars of wasted spending.

Obamacare Navigators Counsel Applicants to "Lie"

As if the roll-out of Obamacare hasn't been disastrous enough, Project Veritas has caught Obamacare navigators counseling citizens to lie about their income and deceive the IRS, commit fraud on applications by not reporting full health history, and worse.

CAUGHT ON TAPE: Obamacare Navigators Counsel Applicants to "Lie"

US bank to pay $13bn for role in meltdown

JPMorgan has agreed a provisional deal with the US government to pay $13bn to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis.

People of Ireland begin criminal proceedings against leading Irish bank

An organisation which says it represents 1,000 members of the public lodged a summons with the High Court yesterday morning making a number of allegations against Bank of Ireland, including gross negligence and breach of contract.

Ex-EPA Official Admits to Faking CIA Job for Unearned Pay

A longtime senior official at the U.S. Environmental Protection Agency admitted to accepting almost $900,000 in pay and benefits for work he didn’t do by pretending he was away on missions for the CIA.

Global warming believers are feeling the heat

On Friday the Intergovernmental Panel on Climate Change delivers its latest verdict on the state of man-made global warming. Though the details are a secret, one thing is clear: the version of events you will see and hear in much of the media, especially from partis pris organisations like the BBC, will be the opposite of what the IPCC’s Fifth Assessment Report actually says.

Pages

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer