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A RECORD-BREAKING number of transactions are being processed in the run-up to Christmas, alongside which, comes a record number of fraud attempts. Since Black Friday, Royal Bank of Scotland customers have spent £11.8 billion.
https://www.thenational.scot/news/18119957.rbs-tackles-record-number-christmas-fraud-attempts/?ref=twtrec
Russia is affected by severe bomb threats demanding accused Russian businessman, Konstantin Malofeyev to pay back 120 bitcoins.
Last Friday 20 December, the government introduced the Fifth EU Money Laundering Directive (5MLD) into UK law, which brings in new rules around electronic verification for anti-money laundering checks.
https://www.mortgagefinancegazette.com/market-news/fraud/mortgage-market-needs-take-immediate-action-government-enshrines-5th-money-laundering-directive-uk-law-24-12-2019/
Five fraudsters who offered a ‘green' tax efficient investment scheme to wealthy investors in order to steal millions from them have been ordered to pay £20,611,738.
https://www.cps.gov.uk/cps/news/fraudsters-who-stole-millions-wealthy-investors-fake-green-investment-scheme-must-pay-ps20
John Rigas was born in Wellsville, New York, in 1924. He served in the second world war and graduated with a degree in engineering, later buying a cinema in a town in Pennsylvania. In 1952 he bought the local cable television station for $300, naming the new company Adelphia Communications Corporation. By borrowing large sums of money to fund takeovers, Adelphia was able to expand beyond the local area, eventually becoming one of the largest providers in the US of cable television, long distance telephone calls and then later broadband internet.
https://moneyweek.com/519832/great-frauds-in-history-john-rigas-and-adelphia/
Lloyds Banking Group has agreed to make a series of payments totalling around £7m to victims of the HBOS Reading fraud.
https://www.sharecast.com/news/news-and-announcements/lloyds-to-payout-additional-pound7m-over-hbos-fraud--7187530.html
He will take over the position from Mark Carney on 16 March 2020.
https://www.insuranceage.co.uk/people/4356556/fca-head-andrew-bailey-named-as-bank-of-england-governor
Three men were charged with helping run a $722 million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme,” U.S. Attorney Craig Carpenito in New Jersey said in a statement.
https://fortune.com/2019/12/10/cryptocurrency-fraud-bitclub-network-ponzi-schemes/
Every year millions of individuals across the world fall victim to investment fraud, with many of the fraudsters particularly targeting novice investors. The types of fraud vary and some are easier to spot than others.
http://www.mondaq.com/uk/x/876130/White+Collar+Crime+Fraud/Forex+Fraud+Is+Still+One+Of+The+Leading+White+Collar+Crimes+Millions+Are+Lost+Every+Year+To+Fraudulent+Brokers
The Co-operative Bank has signed up to a voluntary scheme to help fraud customers get their money back.
https://www.yourmoney.com/saving-banking/co-op-commits-to-refund-scam-customers/
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