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.... US sanctions against Russia imposed after Magnitsky’s death were a central topic of conversation at the notorious Trump Tower meeting last June between Kushner, Donald Trump Jr, Trump campaign manager Paul Manafort and a Russian lawyer with ties to the Kremlin. Sergei Magnitsky was a Russian lawyer who investigated a massive $230m tax fraud in 2007. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:00:28 AM
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.... So, if an employment agency previously supplied a warehouse with 300 workers, the scheme’s promoters might create 150 new companies, each employing two workers. The voluntary liquidations of the companies linked to Anderson followed initial questions posed by HMRC’s fraud and investigation service last year, which asked Anderson for details about the large numbers of VAT registration applications made on behalf of its clients. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:17:53 PM
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. Lloyds Banking Group has paid compensation to only five of the 67 victims of the HBOS Reading fraud scandal almost a month after its own deadline for making redress offers for the “utterly corrupt scheme” that left small business owners “cheated, defeated and penniless”. ... [Read full article on Guardian ]
Friday 21st of July 2017 07:00:12 AM
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. Noel Edmonds has increased his compensation claim against Lloyds Banking Group to £300m after he fell victim to fraud at the hands of former HBOS Reading staff. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 06:56:42 PM
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....Prosecutors also said efforts to extradite Martin-Artajo and Grout, respectively citizens of Spain and France, to face the charges have been “unsuccessful or deemed futile”. The acting US attorney in Manhattan, Joon Kim, asked a federal judge for permission to drop charges that included securities fraud, wire fraud and falsifying records. ... [Read full article on Guardian ]
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Latest Finance News related to Fraud

Noel Edmonds increases compensation claim for HBOS fraud to £300m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:56:42 PM
. Noel Edmonds has increased his compensation claim against Lloyds Banking Group to £300m after he fell victim to fraud at the hands of former HBOS Reading staff. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
.... US sanctions against Russia imposed after Magnitsky’s death were a central topic of conversation at the notorious Trump Tower meeting last June between Kushner, Donald Trump Jr, Trump campaign manager Paul Manafort and a Russian lawyer with ties to the Kremlin. Sergei Magnitsky was a Russian lawyer who investigated a massive $230m tax fraud in 2007. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....Prosecutors also said efforts to extradite Martin-Artajo and Grout, respectively citizens of Spain and France, to face the charges have been “unsuccessful or deemed futile”. The acting US attorney in Manhattan, Joon Kim, asked a federal judge for permission to drop charges that included securities fraud, wire fraud and falsifying records. ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
. Lloyds Banking Group has paid compensation to only five of the 67 victims of the HBOS Reading fraud scandal almost a month after its own deadline for making redress offers for the “utterly corrupt scheme” that left small business owners “cheated, defeated and penniless”. ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
.... So, if an employment agency previously supplied a warehouse with 300 workers, the scheme’s promoters might create 150 new companies, each employing two workers. The voluntary liquidations of the companies linked to Anderson followed initial questions posed by HMRC’s fraud and investigation service last year, which asked Anderson for details about the large numbers of VAT registration applications made on behalf of its clients. ...
HBOS inquiry: the time for delays is over | Nils Pratley image
Source : Guardian [Read Article] Tuesday 18th of July 2017 06:28:07 PM
....Some 18 months later, we (and the individuals) are still waiting for conclusions. The delay this time, explained Bailey, is a complication in the form of the FCA’s separate HBOS inquiry arising from the fraud at the HBOS Reading branch for which six people were jailed in February. ...
Barclays bank and former bosses to stand trial in January 2019 image
Source : Guardian [Read Article] Monday 17th of July 2017 11:52:18 AM
....8bn in emergency funds from a number of big investors, including Qatar. Varley, Jenkins, Kalaris – all 61 – and Boath, 58, along with the bank, are charged with conspiracy to commit fraud by false representation in relation to the fundraising in June 2008. ...
How credit score agencies have the power to make or break lives image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
.... Experian, the credit reference agency used by the company, was powerless to remove the default without permission from EE. Only after multiple calls from Garrity did EE discover she had fallen victim to identity fraud and removed the default. ...
The Guardian view on the 1%: all gain, no pain | Editorial image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:59:34 PM
.... The economy is about £300bn smaller than would be expected if the crash had not happened. Remember the recession was caused by the financial sector’s innovations – the excessive leverage; the perverse incentives; the fraudulent promotion of risky products as safe – and its promotion that greed was the ultimate good. ...
Could you spot a bogus Airbnb listing among the genuine ones? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
. An internet businessman based in Bath, who lost more than £4,100 to sophisticated Airbnb fraudsters after booking what he thought was a smart holiday villa in Sicily for three weeks. ...
Is your money safe? Banks letting payments through WITHOUT your Pin or signature image
....Generally, a bank card will be blocked if a Pin number is entered incorrectly on three consecutive occasions, but some banks have admitted to allowing transactions even if the Pin is entered incorrectly - and simply ask for the retailer to obtain a signature from the customer. The irritating and error-prone need for a signature was part of the reason the chip and Pin system was first introduced and could potentially put customers at risk of fraud. ...
Chancellor urged to recover money lost from recruitment sector tax avoidance image
.... So, if an employment agency previously supplied a warehouse with 300 workers, the scheme’s promoters might create 150 new companies, each employing two workers. Many of those mini companies linked to Anderson were put into voluntary liquidation at the end of 2016 – a move that post-dated HMRC’s fraud and investigation service asking the company for details about the large numbers of VAT registration applications made on behalf of its clients. ...
G4S awarded £25m government contract despite fraud inquiry image
Source : Guardian [Read Article] Monday 10th of July 2017 04:50:36 PM
.... The ban was lifted in 2014 when G4S agreed to repay £109m and put in place a “corporate renewal plan” to prevent any recurrence. The shadow justice secretary, Richard Burgon, raised questions over the decision: “It beggars belief that the government has sneaked out this contract with G4S while a serious fraud probe is still exploring its misconduct in a previous contract. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....The arrangements – which work by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally designed to help very small businesses – have netted vast windfalls for those involved. The Guardian has seen evidence showing that the closure of parts of the scheme followed Anderson being asked by HMRC’s fraud and investigation service for details about the large numbers of VAT registration applications made on behalf of Anderson clients last year. ...
Home Office and police failed consumers exposing them to rampant online fraud, finds report image
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HBOS took £240m hit after 'serious control breakdown' in Reading image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:35:25 PM
....“The additional facilities were provided to distressed companies, and involved the use of a workout firm that had a potentially inappropriate link with the member of staff. This unauthorised extension of credit may have exposed the firm and the firm’s customers to potential fraud. ...
Ex-Barclays chief John Varley appears in court over fraud charges image
Source : Guardian [Read Article] Monday 3rd of July 2017 06:18:16 PM
. John Varley, the former chief executive of Barclays, and three former colleagues have appeared at Westminster magistrates court to face fraud charges. ...
Carlsberg buys London Fields Brewery image
Source : Guardian [Read Article] Monday 3rd of July 2017 05:39:11 PM
. Carlsberg has snapped up London Fields Brewery, which has been up for sale since its founder was charged with tax fraud. ...
Ex-Barclays bankers appear in court image
Source : BBC [Read Article] Monday 3rd of July 2017 03:10:37 PM
. Four ex-Barclays bankers, including the former chief executive John Varley, have appeared in court charged with fraud. ...
The Crusader: Mystery debits add to EXECUTOR's burden image
Source : Daily Express [Read Article] Monday 3rd of July 2017 12:01:00 AM
.... . Bev, from west Yorkshire, feared fraud because “my dad never had any dealings with them and if he had I would surely have known about it,” she said. ...
Barclays former CEO and three bankers in court to face fraud charges image
. John Varley, the former chief executive of Barclays, will be among three former bankers to appear at Westminster magistrates court on Monday to face charges of fraud for events that took place at the height of the financial crisis. ...
Barclays sees the beak about the bailout image
Source : Guardian [Read Article] Sunday 2nd of July 2017 05:59:20 AM
.... The charges related to two advisory services agreements entered into with Qatar Holding, an investment vehicle for the gulf state, in June and October 2008. The four men and the bank are charged with “conspiracy to commit fraud by false representation in relation to a fundraising in June 2008”. ...
Fyre Festival co-founder arrested and charged with fraud image
Source : BBC [Read Article] Saturday 1st of July 2017 12:09:43 PM
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Wrong medicine? image
Source : BBC [Read Article] Friday 30th of June 2017 09:01:07 PM
....But his case has little to do with the actions that won him notoriety. Prosecutors allege he committed fraud. ...
Lloyds bank pays HBOS fraud victims £35,000 in living expenses image
Source : Guardian [Read Article] Friday 30th of June 2017 01:00:51 PM
. Lloyds Banking Group has issued one-off payments of £35,000 each to victims of the fraud in its HBOS Reading branch after missing Friday’s deadline to make formal compensation offers. ...
Online fraud 'overlooked' by government says watchdog image
Source : BBC [Read Article] Thursday 29th of June 2017 11:01:37 PM
. Online fraud has been "overlooked" by the government, police and business, according to public spending watchdog the National Audit Office. ...
Con man or brilliant? Clashing portraits of Martin Shkreli offered as trial begins image
....Martin Shkreli is either a con man who scammed hedge fund investors of millions or a nerdy genius who made them even richer. The conflicting portraits were offered Wednesday at opening statements of Shkreli’s securities fraud trial, a case colored by the ex-pharmaceutical CEO’s antics on social media which, despite the urging of his lawyers to lay low, have never subsided. ...
Former soldiers given free financial advice to help them adjust back into civilian life image
....Managing director Alistair McKay Forbes revealed that many veterans have received substantial sums from the Armed Forces Compensation Scheme or insurance payouts. "They are vulnerable to inappropriate advice, fraudulent activity and scams," he said. ...
Potential Martin Shkreli jurors: we can't be impartial over 'most hated man' in US image
. Several potential jurors at the federal securities fraud trial of Martin “Pharma Bro” Shkreli were excused on Monday after telling the judge they couldn’t be impartial toward the flamboyant former pharmaceutical CEO because of his notoriety for raising the cost of a life-saving drug 5,000%. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
. Five months after a high court judge handed out lengthy jail terms to a group of financiers who left business owners “cheated, defeated and penniless”, only one of the victims of the HBOS fraud has received compensation. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
....Then there are the practicalities of adopting, amending, or abolishing the 4,500 or so EU regulations covering food, farming and environmental standards that fall within the remit of the Department for Environment, Food and Rural Affairs. Brexiters may loathe the Brussels bureaucracy that dictates everything down to the size of olive oil cans, but we need many of these rules to protect us from the sort of food safety scandals and adulteration frauds of the past. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
....If you had told people in the City at the height of the financial crash in 2008 that it would take almost nine years for the first top bankers to face prosecution, few would have believed you. If you had then said that this first prosecution would relate to suspected fraud over one bank’s supposed attempt to avoid nationalisation – rather than the crash itself – the bankers involved in the crisis would have laughed in disbelief: surely, they aren’t going to let us get away with that?. ...
Make your property dream come true, plus fraud hotspots revealed image
Source : Guardian [Read Article] Thursday 22nd of June 2017 02:00:21 PM
....Energy price cap likely to go ahead despite warnings of ‘timebomb’. Norfolk emerges as dating fraud hotspot in regional scam standings. ...
SFO has clear public interest in pursuing Barclays case | Nils Pratley image
.... The Serious Fraud Office wouldn’t be doing its job as a prosecuting agency if it didn’t follow the evidence as it sees it. If it thinks it has sufficient evidence to support charges of “conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act 1985”, it is duty-bound to bring it to court. ...
Exxon, BP and Shell back carbon tax proposal to curb emissions image
Source : Guardian [Read Article] Tuesday 20th of June 2017 04:32:21 PM
....However, other green groups dismissed the plan as a stunt designed to insulate fossil fuel companies that have sought to undermine or dismiss the science of global warming. “ExxonMobil will try to dress this up as climate activism, but its key agenda is protecting executives from legal accountability for climate pollution and fraud,” said Naomi Ages, senior climate campaigner at Greenpeace USA. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
. Barclays bank and four of its former senior staff have been charged by the Serious Fraud Office with conspiracy to commit fraud and the provision of unlawful financial assistance, in the biggest case since the credit crunch. ...
Senior Barclays bankers charged with fraud over credit crunch fundraising image
. Four former Barclays executives could face lengthy jail sentences after the Serious Fraud Office charged them and the bank with fraud over the way Barclays raised billions of pounds from Qatar at the height of the financial crisis. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
.... In a banking jungle lacking biodiversity, it’s definitely different. Strictly speaking, Lloyds Banking Group never said that all the victims of the HBOS Reading fraud would be offered compensation by the end of June. ...
Lloyds likely to extend compensation deadline over HBOS fraud scandal image
. Lloyds Banking Group is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it emerged only one of 64 affected customers has received compensation. ...
Norfolk emerges as dating fraud hotspot in regional scam standings image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:01:53 PM
. Norfolk is a hotspot for reported dating fraud, while in Surrey investment scams are a particular concern and mid-Wales has relatively high levels of reported computer repair fraud, according to Which? analysis. ...
Every time I contact TalkTalk I get a fake email from scammers image
Source : Guardian [Read Article] Wednesday 14th of June 2017 06:00:19 AM
.... Its problems have all stemmed from a decision to subcontract work in India, and the Information Commissioner’s Office is still to rule on its various data breaches. TalkTalk tells me: “We have not had any other reports of customers receiving scam emails directly after speaking to our call agents, but our fraud team has been in touch with SM and is investigating. ...
One love, one aim … finding the best way to donate to victims of the terror attacks image
....Giving does not come without hurdles, however. Police have warned that fraudulent pages are being set up to exploit the goodwill of donors, and several appeals launched on fundraising websites GoFundMe and JustGiving have been suspended. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
....This is really an extension of the card-free and biotmetric ATM. To fight fraud, some banks are developing systems whereby the ATM will ask you to take a photo of yourself on your phone, which is read by your banking app, which then gives permission to the ATM to dispense cash. ...
How low does Uber have to go before we stop using it? image
Source : Guardian [Read Article] Thursday 8th of June 2017 01:27:04 PM
.... A week later the company announced it would no longer use the tool. Later that month, the company was revealed to have broken Apple’s rules in an effort to fight fraud in China, keeping track of specific devices between reinstalls. ...
Vodafone to stop its ads appearing on fake news and hate speech sites image
....Vodafone’s definition of sites peddling hate speech has been updated to include those that “deliberately intend to degrade women or vulnerable minorities”. Its definition of fake news sites includes those “presented as fact-based news (as opposed to satire or opinion) that has no credible primary source (or relies on fraudulent attribution to a primary source) with what a reasonable person would conclude is the deliberate intention to mislead”. ...
Rangers fraud trial: Craig Whyte found not guilty image
Source : BBC [Read Article] Tuesday 6th of June 2017 12:26:41 PM
. Former Rangers owner Craig Whyte has been cleared of taking over the Glasgow football club by fraud in May 2011. ...
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
. Lawyers representing Noel Edmonds have hit out at Lloyds Banking Group’s proposed compensation scheme for victims of a fraud at the bank’s HBOS Reading arm. ...
Royal Mail’s Keepsafe just let our mail pile up on the doormat image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
....What can we do? What is the point of the service if it is ignored? Help! DW and RW, Bognor Regis, West Sussex. Keepsafe is supposed to do just that: hold on to your mail until you are home to help protect against identity fraud. ...
It’s part-eBay, part-Instagram, but is Depop safe for your teenagers? image
. Teenagers who use the popular buying and selling website Depop are being warned to wise up to how it works or risk losing their money, according to one young woman who lost her iPhone to fraudsters who targeted the site. ...
Spain's top anti-corruption prosecutor quits over Panama link image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:21:08 PM
.... He denied all wrongdoing but said he was stepping down to limit damage to the PP. Moix, who was appointed in February, has been accused of trying to hinder an investigation into fraud involving senior PP members in the Madrid region. ...
Older age image
Source : BBC [Read Article] Thursday 1st of June 2017 02:31:40 AM
....Clearly any changes along those lines would prove controversial, but with them not being discussed the debate remains pretty narrow. Pension fraud in not always a crime against pensioners, In fact, those who are younger than 55 often have the biggest losses. ...
Noel Edmonds starts countdown clock for Lloyds compensation image
Source : Guardian [Read Article] Wednesday 31st of May 2017 01:30:24 PM
. Noel Edmonds has set up an “honesty countdown” clock website to increase pressure on Lloyds Banking Group, as the TV star seeks £73m in compensation for fraud committed by former HBOS Reading staff. ...
Fraudsters 'use tricks of speech' in cons image
Source : BBC [Read Article] Wednesday 31st of May 2017 09:03:15 AM
. Cold-calling fraudsters use an urgent tempo of conversation or apologetic language to convince victims they are genuine, research has suggested. ...
Tesco boss named as witness in fraud case against former directors image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:58:27 PM
. Tesco chief executive Dave Lewis will appear as a witness for the prosecution in a fraud case involving three of the supermarket’s former directors. ...
Electronic voting image
Source : BBC [Read Article] Monday 29th of May 2017 11:29:41 PM
.... It should be more important than pressing a button on a smartphone on your way to work or when you're out with friends," he says. Not only could i-voting trivialise the process, he says, there may also be security concerns - not just over voter fraud, but also ballot secrecy. ...
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. ...

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