Topic filter : Fraud

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. German police have searched 11 offices of carmaker Daimler as part of their investigation into possible fraudulent emissions data by employees. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 02:02:06 PM
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....2bn. A judge recently slammed the technology, which does not require a PIN, for making life "too easy" for criminals during the sentencing of a fraudster in Devon. ... [Read full article on BBC ]
Thursday 25th of May 2017 11:37:11 PM
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....As many as 15% of British motorists now use a dashcam, according to a poll of AA members, with one in a hundred planning to share their footage on social media like YouTube. Edmund King, the AA president, told The Times: "While most drivers with dashcams fit them to protect themselves from 'crash for cash' fraudsters or dangerous drivers, there is an element of vehicular voyeurism from some individuals. ... [Read full article on BBC ]
Monday 22nd of May 2017 12:30:40 PM
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....”. This rings true for photographer Sarah Hawkins* who was contacted by HMRC in 2011 after the accountancy firm she used was targeted in a fraud investigation. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:00:04 AM
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....The SFO says it is probing several, including Capita Oak Pension and Henley Retirement Benefit, plus some schemes that invested in other products. It adds that more than 1,000 individual investors are thought to be affected by the alleged fraud, though it presumably thinks the number could be higher as it is asking people who have paid into these schemes between 2011 and 2017 to complete a questionnaire available on its website. ... [Read full article on Guardian ]
Saturday 27th of May 2017 06:00:20 AM
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. Shares in Petrofac have dived almost 30% after the oilfield services firm suspended its chief operating officer Marwan Chedid amid a fraud inquiry. ... [Read full article on BBC ]
Thursday 25th of May 2017 11:29:00 AM
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....Another big mover in the FTSE 250 - but in the opposite direction - was Petrofac. Shares in the oil services company plunged almost 30% after it said it had suspended its chief operating officer amid a fraud inquiry. ... [Read full article on BBC ]
Thursday 25th of May 2017 08:01:17 AM
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....The decision into one of the most high-profile investigations conducted by the SFO comes at a sensitive time. The Conservative party manifesto outlined plans to roll the SFO into the National Crime Agency, in an attempt to “improving intelligence sharing and bolstering the investigation of serious fraud, money laundering and financial crime”. ... [Read full article on Guardian ]
Friday 26th of May 2017 04:56:08 PM
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....The budget projects that $2. 2bn would come from eliminating fraud in the system, while another $4bn would come from initiatives to get people off of unemployment benefits faster. ... [Read full article on BBC ]
Wednesday 24th of May 2017 11:55:48 PM
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....Record 60% of Britons in poverty are in working families – study. Ebay accused of failing its sellers as fraudulent buyers manipulate the system. ... [Read full article on Guardian ]
Thursday 25th of May 2017 02:01:08 PM
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Latest Finance News related to Fraud

Serious Fraud Office warns of £120m pension scam image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....The SFO says it is probing several, including Capita Oak Pension and Henley Retirement Benefit, plus some schemes that invested in other products. It adds that more than 1,000 individual investors are thought to be affected by the alleged fraud, though it presumably thinks the number could be higher as it is asking people who have paid into these schemes between 2011 and 2017 to complete a questionnaire available on its website. ...
SFO delays decision again on charging Barclays over 2008 fundraising image
....The decision into one of the most high-profile investigations conducted by the SFO comes at a sensitive time. The Conservative party manifesto outlined plans to roll the SFO into the National Crime Agency, in an attempt to “improving intelligence sharing and bolstering the investigation of serious fraud, money laundering and financial crime”. ...
'I lived in fear of brown envelopes': being chased by the taxman image
Source : Guardian [Read Article] Friday 26th of May 2017 06:00:04 AM
....”. This rings true for photographer Sarah Hawkins* who was contacted by HMRC in 2011 after the accountancy firm she used was targeted in a fraud investigation. ...
Contactless payment fraud soars to £7m image
Source : BBC [Read Article] Thursday 25th of May 2017 11:37:11 PM
....2bn. A judge recently slammed the technology, which does not require a PIN, for making life "too easy" for criminals during the sentencing of a fraudster in Devon. ...
EU roaming charges banned from June, plus the rogue buyers exploiting eBay image
....Record 60% of Britons in poverty are in working families – study. Ebay accused of failing its sellers as fraudulent buyers manipulate the system. ...
Petrofac executive suspended amid fraud probe image
Source : BBC [Read Article] Thursday 25th of May 2017 11:29:00 AM
. Shares in Petrofac have dived almost 30% after the oilfield services firm suspended its chief operating officer Marwan Chedid amid a fraud inquiry. ...
FTSE ends flat as Wizz Air takes off image
Source : BBC [Read Article] Thursday 25th of May 2017 08:01:17 AM
....Another big mover in the FTSE 250 - but in the opposite direction - was Petrofac. Shares in the oil services company plunged almost 30% after it said it had suspended its chief operating officer amid a fraud inquiry. ...
Proud papa image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:55:48 PM
....The budget projects that $2. 2bn would come from eliminating fraud in the system, while another $4bn would come from initiatives to get people off of unemployment benefits faster. ...
Cybercrime protection: How to make yourself secure online image
Source : Daily Express [Read Article] Wednesday 24th of May 2017 12:01:00 AM
.... . Noodle’s fraud and ID director John Cannon said the weakest link is our own behaviour and we need to prioritise cyber security over convenience: “You would never leave your front door open all day, yet that’s essentially what some people are doing with their online behaviour. ...
German police raid Daimler offices image
Source : BBC [Read Article] Tuesday 23rd of May 2017 02:02:06 PM
. German police have searched 11 offices of carmaker Daimler as part of their investigation into possible fraudulent emissions data by employees. ...
AA calls for crackdown on sharing dashcam video image
Source : BBC [Read Article] Monday 22nd of May 2017 12:30:40 PM
....As many as 15% of British motorists now use a dashcam, according to a poll of AA members, with one in a hundred planning to share their footage on social media like YouTube. Edmund King, the AA president, told The Times: "While most drivers with dashcams fit them to protect themselves from 'crash for cash' fraudsters or dangerous drivers, there is an element of vehicular voyeurism from some individuals. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
....Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. Last week, when Lloyds Banking Group was congratulating itself over its return to the private sector, it was still being haunted by the fraud perpetrated at the Reading branch of HBOS, the hotshot lender it rescued in 2008. ...
Ebay accused of failing its sellers as fraudulent buyers manipulate the system image
....It is a year since The Observer reported that eBay had introduced a pilot programme to address issues around similar problems. At the time, critics claimed its measures to protect buyers from dodgy transactions left sellers at the mercy of fraudsters who can manipulate the system to effectively steal goods. ...
Bernie Madoff photos offer rare glimpse of convicted fraudster in prison image
. Robert De Niro takes on the role of Bernie Madoff, the Wall Street legend who fleeced investors of billions of dollars in the largest financial fraud in US history, in a new original movie that was aired on HBO on Saturday night. ...
Police probe UK links to Magnitsky money image
Source : BBC [Read Article] Friday 19th of May 2017 11:34:21 PM
....6m from a Russian organised crime group has been allegedly traced to a banking firm in the UK, the BBC has learned. US court papers have linked some of the so-called "Magnitsky money" - a £150m tax fraud scheme in Russia - to Renaissance Capital. ...
HSBC voice recognition system breached by customer's twin image
Source : Guardian [Read Article] Friday 19th of May 2017 02:31:12 PM
....But in a statement issued after the breach was made public, HSBC said: “The security and safety of our customers’ accounts is of the utmost importance to us and Voice ID is amongst the most secure methods of authenticating customers. “The introduction of this technology has seen a significant reduction in telephone fraud, and has proven to be more secure than PINs, passwords and memorable phrases. ...
BBC fools HSBC voice recognition security system image
Source : BBC [Read Article] Friday 19th of May 2017 12:21:00 AM
. Security software designed to prevent bank fraud has been fooled by a BBC reporter and his twin. ...
Serious Fraud Office under threat from Tory plans image
Source : BBC [Read Article] Thursday 18th of May 2017 12:24:06 PM
....The SFO has had a chequered history since being created in 1988. However, when Mrs May's earlier plan came to light, concerns were raised that splitting the investigators and the prosecutors could make attempts to tackle serious fraud less effective. ...
Richard Branson says scammers are using his name to dupe investors image
Source : Guardian [Read Article] Wednesday 17th of May 2017 03:08:44 PM
....Branson made the comments as City of London police warned about the growing problem of criminals using the reputation of famous people such as the Virgin founder to give investments credibility. This brand of fraud sees criminals pose as binary options traders on social networks such as Facebook and Twitter, often using the promise of unrealistically high returns on “investments” to lure potential victims. ...
Dear John Lewis, all I want is my £155 refund … refunded image
Source : Guardian [Read Article] Wednesday 17th of May 2017 06:00:01 AM
....John Lewis, however, has denied all knowledge of it. I have filled in dispute forms and even pointed out that in December I was forced to change my card because of fraudulent activity. ...
Banks 'must show action' in fraud cases image
Source : BBC [Read Article] Monday 15th of May 2017 11:01:27 PM
. Banks must take "meaningful action" to tackle the threat of customers losing "life-changing sums of money" to fraudsters, a consumer group has said. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
.... That’s life sometimes. Is Lloyds Banking Group “foot dragging” over compensation payouts to victims of the HBOS Reading fraud, as Noel Edmonds alleges? It’s impossible to know from outside but, if Edmonds’ £73m claim hasn’t yet been examined, it does seem remarkable that Lloyds thinks it can complete the process for the dozens of victims “within weeks”. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
Source : Guardian [Read Article] Monday 15th of May 2017 03:06:15 PM
. Noel Edmonds has accused Lloyds Banking Group of “foot dragging” over compensation payouts to himself and other victims of the HBOS Reading fraud. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
. Noel Edmonds has written to the Lloyds Banking Group chairman accusing the bank of "foot dragging" over compensating HBOS fraud victims. ...
Pension warning: Savers lose RECORD amounts to scams as fraudsters rinse pots image
....More than £8million was lost to scams in March, a huge jump from £779,000 in the month prior, figures from the City of London police and showed. And it's thought the figure could be even higher as many victims of fraud are too embarrassed to report the crime. ...
Fresh warning to holidaymakers about bogus food complaints image
Source : Guardian [Read Article] Friday 12th of May 2017 03:48:18 PM
....The FCO travel advice for Portugal states: “You should only consider pursuing a complaint or claim if you have genuinely suffered from injury or illness. If you make a false or fraudulent claim, you may face legal proceedings in the UK or Portugal. ...
My walk, my signature image
Source : BBC [Read Article] Thursday 11th of May 2017 11:16:00 PM
. We're losing the battle against fraudsters who are stealing or guessing our usernames and passwords with increasing success. ...
BT deserves credit – clawing back boss's bonus is common sense | Nils Pratley image
.... The auditor can’t grumble. The alleged fraud in Italy, which was uncovered by investigators summoned from KPMG after a whistleblower’s tip-off, may have been sophisticated but its size was enormous. ...
Lloyds chief says taxpayer to make £500m on bank rescue image
Source : BBC [Read Article] Thursday 11th of May 2017 04:26:56 PM
....However, the bank still has to deal with the aftermath of a £245m money laundering scandal that was uncovered at its Reading office which led to the jailing of two former employees. Lloyds has set aside £100m to compensate some 64 victims of the fraud which include Deal or No Deal host Noel Edmonds. ...
Chinese hackers must pay $9m over insider trading scam image
Source : BBC [Read Article] Thursday 11th of May 2017 12:04:50 PM
....The men still face a variety of other charges and, if found guilty, could face lengthy prison terms. The counts against them include conspiracy to commit securities fraud, conspiracy to commit wire fraud, wire fraud, conspiracy to commit computer intrusion, unlawful access, and intentional damage. ...
Noel Edmonds seeks £50m damages for HBOS fraud image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:10:09 PM
. Noel Edmonds is seeking half of a £100m compensation pot that Lloyds Banking Group has set aside for victims of a major HBOS fraud. ...
Noel Edmonds demands £73m compensation over HBOS fraud image
Source : Guardian [Read Article] Wednesday 10th of May 2017 10:12:13 AM
. Noel Edmonds has demanded £73m in compensation from Lloyds Banking Group for what he claims was the destruction of his business empire together with public humiliation and damage to his reputation caused by the fraudulent activities of the bank’s HBOS Reading arm. ...
Dell’s £720 charge doesn’t compute – we hadn’t even placed an order image
.... Your bank, however, has confirmed that the money did indeed go to Dell. Unless you have been the victim of fraud – and your bank has found no evidence of this – Dell appears to have thoroughly inadequate accounting systems. ...
This is the £40 driver gadget that can slash the price of car insurance image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 03:36:00 PM
....Recordings can prove invaluable to drivers to prove they were not at fault during an accident. The footage is also helping insurers fight the scourge of cash for crash fraudsters, who deliberately stage prangs in order to make claims. ...
Barclays Bank launches new £10m advertising campaign to fight fraud image
Source : Daily Express [Read Article] Monday 8th of May 2017 07:51:00 AM
. The bank is launching a new £10 million advertising campaign alerting people to the risk of fraud in the digital age. ...
Cloned cars sold in Greater Manchester eBay scam image
Source : BBC [Read Article] Monday 8th of May 2017 07:35:57 AM
....Former police officer Graham Murray lost his money after buying a Mercedes C-class in Rochdale two months ago, leaving him "devastated". He said he reported the case to police and has questioned why the fraudulent eBay sellers have not yet been caught. ...
I was conned by a fraudster pretending to be an Airbnb host image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
.... The scam artist was able to place a listing and steal my money without any scrutiny or sanction. I have reported the episode to local police and my bank’s fraud department is following up, but neither anticipates recovering the funds. ...
Debit card control lets you 'turn off' card to beat scams image
Source : BBC [Read Article] Sunday 7th of May 2017 11:19:09 PM
....Such a move would reduce any losses from thefts at cash machines. Fraud losses across all payment cards, remote banking and cheques in the UK totalled £769m in 2016, according to Financial Fraud Action, the industry's anti-fraud body - an increase of 2% on the previous year. ...
UK tourists hit by booking scams up by nearly a fifth image
Source : BBC [Read Article] Sunday 7th of May 2017 11:47:58 AM
....More than a quarter of those affected said the scams had a significant impact on their health or finances. About 260 people said they needed medical treatment as a result, or were at risk of bankruptcy, according to Action Fraud, the UK's national fraud and cyber crime reporting centre. ...
What’s it like to lose £350m? A rogue trader confesses image
Source : Guardian [Read Article] Sunday 7th of May 2017 08:00:27 AM
....Initially he was angry that he had been grouped with the likes of Nick Leeson, the trader who brought down Barings Bank. But couldn’t his deceit, deliberately mismarking his books, be seen as a kind of fraud? “I think you would have to ask a lawyer,” he says. ...
Share your horror stories to help end ticket rip-offs image
Source : Guardian [Read Article] Saturday 6th of May 2017 06:00:56 AM
.... At the most high-demand events the vast majority of tickets appear to be predominantly listed by professional touts,” says FanFair Alliance. In one example revealed by the Guardian earlier this year, dozens of tickets for major acts were being sold on Seatwave by Michael Mayiger, who was convicted of a £2m ticket fraud in 2012. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
....Despite record profits, the financial services sector wants more – and Republicans are ready to help their friends by killing the Consumer Financial Protection Bureau (CFPB) and repealing Dodd-Frank. If the Financial Choice Act passes, there won’t be an agency like the CFPB to take on banks such as Wells Fargo, which opened millions of fraudulent accounts and charged their customers unnecessary fees. ...
Santander faces challenge over fraud losses image
Source : BBC [Read Article] Friday 5th of May 2017 10:08:30 AM
. A campaigner is planning a group action aimed at trying to recoup the losses of Santander customers caught out by fraudsters. ...
Uber faces criminal probe in US over 'greyball' code image
Source : BBC [Read Article] Friday 5th of May 2017 08:51:04 AM
.... Uber defended its use in a blog saying the software helped it work out if a ride request was legitimate. It helped Uber limit fraud and protect drivers from harm, it added. ...
Société Générale to pay £815m to settle Libyan lawsuit image
Source : Guardian [Read Article] Thursday 4th of May 2017 01:57:33 PM
....The French bank Société Générale is to pay €963m (£815m) to settle a legal battle with the Libyan investment fund that dates back to the Gaddafi regime. A joint statement on Thursday announced the settlement just as the long-running dispute was due to be heard in a London court, where the Libyan Investment Authority was accusing SocGen of a “fraudulent and corrupt scheme” involving five trades that took place between 2007 and 2009. ...
KPMG's audits of Rolls-Royce accounts probed by regulator image
Source : BBC [Read Article] Thursday 4th of May 2017 08:31:07 AM
....The agreements relate to bribery and corruption scandals involving intermediaries in overseas markets such as Indonesia and China. Rolls-Royce first passed information to the SFO in 2012 after facing "allegations of malpractice" in the two countries, after which the fraud squad launched a formal investigation. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
.... Aceco’s value then quickly evaporated and KKR wrote the value of the business down to zero. From outside, it is impossible to know if the disaster for investors was caused by fraud within Aceco, as KKR alleges in a legal claim, or just a downturn in the Brazilian economy. ...
Barclays chief clashes with private equity firm over family dispute image
....She and her brother Jorge Nitzan sold their stakes in Aceco to KKR in a 2014 deal that valued the company at $700m (£542m) and is said to have made the siblings $240m between them. The deal was KKR’s maiden direct investment in Brazil but went sour in 2015 when the private equity giant fired Nitzan, then Aceco’s chief executive, and wrote off its $475m investment, after an internal investigation into a whistleblower’s allegations of fraud. ...
Fyre Festival faces $100m 'Lord of the Flies' lawsuit image
Source : BBC [Read Article] Tuesday 2nd of May 2017 05:01:51 AM
.... and performers did not turn up. American rapper Ja Rule, whose real name is Jeffrey Atkins, and his business partner Billy McFarland, are being sued for fraud, negligent representation and breach of contract. ...
'Brazen' conmen who targeted park homes jailed image
Source : BBC [Read Article] Sunday 30th of April 2017 11:00:44 PM
.... . Nathan King, 38, of Tewkesbury, Gloucestershire and John King, 34, from Barnacle near Coventry, had earlier admitted conspiracy to defraud. ...
Email scammers turn their sights on youth football teams image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
. Treasurers of community groups and small charities have been warned to be extremely wary after a youth football club was conned out of more than £28,000 by fraudsters using a fake email scam. ...
Niger 'cleared' over Areva uranium deal image
Source : BBC [Read Article] Friday 28th of April 2017 04:54:04 PM
.... . Their complaint alleges embezzlement of public funds, money laundering, forgery and conspiracy to defraud. ...
Google and Facebook duped in huge 'scam' image
Source : BBC [Read Article] Friday 28th of April 2017 10:47:03 AM
....The DOJ also accused Mr Rimasauskas of forging invoices, contracts and letters "that falsely appeared to have been executed and signed by executives and agents of the victim companies". "We detected this fraud against our vendor management team and promptly alerted the authorities," a spokeswoman for Google said in a statement. ...
Olympus scandal: Former bosses to pay $529m over fraud image
Source : BBC [Read Article] Friday 28th of April 2017 06:11:19 AM
. Six executives sacked by Japan's Olympus have been ordered to pay more than half a billion dollars in damages after a massive accounting fraud. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
. Profits at Lloyds Banking Group more than doubled in the first three months of the year, despite another hit for payment protection insurance mis-selling and the cost of compensating customers for fraud in the HBOS Reading branch. ...
Airbus chief in Eurofighter fraud probe image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:47:50 PM
. Vienna prosecutors have named Airbus chief executive Tom Enders as one of the targets of a fraud investigation. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... A new CEO who talks about “disciplined choices” to make the labs more commercial usually gets applause from investors. It is understandable that Lloyds Banking Group feels the need to answer definitively the charge that its board and executives were complacent about fraud at the Reading branch of HBOS. ...
TalkTalk hack attack: Friends admit cyber crime charges image
Source : BBC [Read Article] Wednesday 26th of April 2017 05:24:29 PM
....Read more news for Staffordshire. Hanley supplied data for hacking to another man and gave Allsopp the personal and financial details of a TalkTalk customer for the use in fraud. ...
Lloyds appoints ex-high court judge to review handling of HBOS fraud image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:03:08 AM
. Lloyds Banking Group has appointed a retired high court judge to investigate its handling of fraud at its HBOS branch in Reading. ...
NatWest closed my child’s savings account without telling me image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:00:29 AM
....NatWest, along with many other banks, deems an account dormant if it has been inactive for five years or more. The logic is that the account may be vulnerable to fraud if the owner is not keeping a close eye on it. ...
Machine learning image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:29 PM
....By analysing large amounts of data and looking for patterns, activity which might not otherwise be visible to human analysts can be identified. One common application of this ability is in the fight against debit and credit card fraud. ...
Pensioners’ election REBELLION: Demands for May to look at pension issue for UK's 5MILLION image
....3bn of that cash going unaccounted for in the last year alone. And more shockingly after the UK Government admitted they were worried about serious fraud with British funds being sent to the European Union. ...
Uber broke Apple’s iOS privacy rules and Tim Cook wasn't happy about it image
. Uber broke Apple’s privacy rules in its iOS app in an effort to catch Chinese fraudsters, resulting in chief executive Travis Kalanick being hauled in to Cupertino for a personal dressing down from Tim Cook, it has been revealed. ...
Virgin Trains refused to refund £293 after I forgot my railcard image
Source : Guardian [Read Article] Monday 24th of April 2017 05:59:04 AM
....The complication, in your case, was that you had not kept hold of the new tickets to allow Virgin to process the refund. Virgin said you received correct information from its team – it doesn’t usually accept receipts because it has to protect itself from fraudulent claims. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, does not appear to be preparing for his possible extradition to India to face a fraud trial on allegations over £1bn of unpaid debts. ...
'Nearly half' of firms had a cyber-attack or breach image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:36:10 AM
....That proportion rose to two-thirds among medium and large companies. Most often, these breaches involved fraudulent emails being sent to staff or security issues relating to viruses, spyware or malware. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team, has been arrested in London on behalf of Indian authorities investigating allegations of fraud in connection with the collapse of Kingfisher Airlines. ...
Indian tycoon Vijay Mallya bailed in UK image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:33:56 AM
....Indebted tycoon Vijay Mallya has been bailed on security of £650,000 after appearing in court in London. He was arrested on Tuesday by the Metropolitan Police on behalf of the Indian authorities, over fraud accusations. ...
REVEALED: Most common financial scams to avoid image
Source : Daily Express [Read Article] Tuesday 18th of April 2017 12:01:00 AM
. The findings were released at an event in Westminster to raise awareness and minimise fraud. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
.... but we’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower,” Dearlove told Johnson, according to the BBC. Johnson, a 35-year Barclays veteran, pleaded guilty in October 2014 and was sentenced to four years in prison for conspiring to fraudulently rig global benchmark interest rates. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
. Wells Fargo has clawed back $75m from two former top executives after an internal report concluded management had little interest in dealing with an overly aggressive sales culture that dated back at least 15 years until that culture spiraled out of control, resulting in millions of accounts being opened fraudulently. ...
FTSE 250 sets record closing high image
Source : BBC [Read Article] Monday 10th of April 2017 07:46:23 AM
....Tesco rose 2. 4% after a court approved a deal between Britain's biggest supermarket chain and the Serious Fraud Office to settle an investigation over a 2014 accounting fraud. ...
Libor: Bank of England implicated in secret recording image
Source : BBC [Read Article] Sunday 9th of April 2017 11:01:47 PM
.... . Two traders who made requests for Mr Johnson to move Libors up or down, Jay Merchant and Alex Pabon, were found guilty last June of conspiracy to defraud along with another submitter, Jonathan Mathew. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
.... Nothing is set in stone just yet though. Tesco Stores Ltd will find out in a high court hearing on Monday whether its deferred prosecution agreement with the fraud cops can go ahead. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
. LLoyds has announced that it is setting aside a further £100m, to compensate customers who lost money in a fraud scandal. ...
Lloyds expects payouts to HBOS fraud victims to total £100m image
Source : Guardian [Read Article] Friday 7th of April 2017 08:16:49 AM
. Lloyds Banking Group expects compensation payouts for victims of fraud at the hands of former HBOS staff to total around £100m. ...

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