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....It is a vital role at BBR because the company is one of the world's largest sellers of fine wines, the very expensive bottles that can retail for more than $10,000 (£8,000). And as demand for fine wine has soared over the past 20 years, fuelled by China, fraudsters are unfortunately continuing to target the industry. ... [Read full article on BBC ]
Wednesday 29th of March 2017 11:00:24 PM
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....The Tesco and Barclays investigations are two of the most high-profile cases ever to face the SFO. The fraud-busting agency has been heavily criticised by politicians in the past for the cost of failed investigations but it recorded a significant victory earlier this year when Rolls-Royce agreed to pay £671m to settle allegations that it bribed middlemen around the world between 1989 and 2013. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:46:01 PM
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....Viagogo’s shyness comes as no surprise given its refusal to face the music in parliament. In its absence, MPs on the department for culture, media and sport select committee accused the company – which takes a cut of up to 25% from reselling tickets, often provided by supertouts, and often before ordinary fans even have a chance to buy – of “naked mis-selling and fraud”, “lying to the public” and “contempt for parliament”. ... [Read full article on Guardian ]
Friday 24th of March 2017 06:02:46 PM
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.... Since then, however, charges from a landline have increased by an average 17-fold, and even more so if you are calling from a mobile phone. In 2012, Ofcom proposed capping the cost of calls to 118 numbers to prevent customers unwittingly running up huge bills and reduce fraud. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:59:25 AM
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.... . Almost half of Britons do not know how to report a pension scam, according to pension fund consolidator Phoenix Group, which has prevented around £30million of potentially fraudulent pension transfers over the last four years. ... [Read full article on Daily Express ]
Wednesday 29th of March 2017 12:01:00 AM
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. The City regulator has set out measures to tackle fraudulent payments on contactless cards which have been reported lost or stolen. ... [Read full article on Guardian ]
Thursday 30th of March 2017 09:13:12 AM
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....Six years ago I was a whistleblower at my workplace. I worked there for three years, but from my first day I noticed daily cover-ups, misuse of position and daily cash fraud. ... [Read full article on Guardian ]
Saturday 25th of March 2017 06:59:02 AM
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Latest Finance News related to Fraud

Crackdown on contactless card security flaw welcomed by MPs image
Source : Guardian [Read Article] Thursday 30th of March 2017 09:13:12 AM
. The City regulator has set out measures to tackle fraudulent payments on contactless cards which have been reported lost or stolen. ...
Wine detective image
Source : BBC [Read Article] Wednesday 29th of March 2017 11:00:24 PM
....It is a vital role at BBR because the company is one of the world's largest sellers of fine wines, the very expensive bottles that can retail for more than $10,000 (£8,000). And as demand for fine wine has soared over the past 20 years, fuelled by China, fraudsters are unfortunately continuing to target the industry. ...
Revealed: Vulnerable pensioners left empty-handed by not reporting cruel fraudsters image
.... . Almost half of Britons do not know how to report a pension scam, according to pension fund consolidator Phoenix Group, which has prevented around £30million of potentially fraudulent pension transfers over the last four years. ...
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
....The Tesco and Barclays investigations are two of the most high-profile cases ever to face the SFO. The fraud-busting agency has been heavily criticised by politicians in the past for the cost of failed investigations but it recorded a significant victory earlier this year when Rolls-Royce agreed to pay £671m to settle allegations that it bribed middlemen around the world between 1989 and 2013. ...
118 directory enquiry numbers now cost more than a premium rate image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:59:25 AM
.... Since then, however, charges from a landline have increased by an average 17-fold, and even more so if you are calling from a mobile phone. In 2012, Ofcom proposed capping the cost of calls to 118 numbers to prevent customers unwittingly running up huge bills and reduce fraud. ...
Google's bad week: YouTube loses millions as advertising row reaches US image
Source : Guardian [Read Article] Saturday 25th of March 2017 10:00:06 AM
.... The human element is taken out of the equation, so there are problems. “Programmatic advertising has been largely fraudulent since its inception, and there are many companies in the marketplace including Google to have made vast profits out of the naivety of the advertisers, who haven’t really known what they’ve been buying. ...
‘A truly terrible story, and not uncommon’ – our work expert responds image
....Six years ago I was a whistleblower at my workplace. I worked there for three years, but from my first day I noticed daily cover-ups, misuse of position and daily cash fraud. ...
Viagogo's shady reputation grows as it shuns critics image
Source : Guardian [Read Article] Friday 24th of March 2017 06:02:46 PM
....Viagogo’s shyness comes as no surprise given its refusal to face the music in parliament. In its absence, MPs on the department for culture, media and sport select committee accused the company – which takes a cut of up to 25% from reselling tickets, often provided by supertouts, and often before ordinary fans even have a chance to buy – of “naked mis-selling and fraud”, “lying to the public” and “contempt for parliament”. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
....In a statement a Cabinet Office spokesperson said: “The government welcomes this report by the OECD which recognises our active enforcement of anti-bribery laws and we are proud that the UK continues to be commended as a global leader in the fight against bribery. “We will consider the recommendations made by the OECD as we continue to make the UK a more hostile environment for all forms of economic crime, including bribery, money laundering and fraud. ...
Libor expert witness texted for help image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:37:35 PM
.... . The defendants stand accused of conspiracy to defraud between 2005 and 2007 by trying to move the key interest rate benchmark, the London Interbank Offered Rate (Libor), in order to advantage their banks' trading positions. ...
Two major US technology firms 'tricked out of $100m' image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:39:49 PM
.... . The DoJ said: "Thereafter, fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multimillion-dollar transactions with [the Asian] company. ...
Fiat Chrysler diesel emissions investigated in France image
Source : BBC [Read Article] Tuesday 21st of March 2017 08:12:41 PM
....The move by the French prosecutor is the latest indication that questions about diesel pollution tests extend beyond Volkswagen. A French judicial source told Reuters that the Paris prosecutor had opened the investigation on 15 March, after the finance ministry's consumer affairs and anti-fraud body had referred the case to the courts. ...
Viagogo should be forced to face a grilling over ticket resale abuse | Nils Pratley image
....Yet, in the hands of the likes of Viagogo, a valuable service has been transformed into something that “smells of exploitation and deception,” as one MP put it. How can Viagogo offer £60 tickets for Hamilton for up to £6,000 in the knowledge that the promoter of the show intends to refuse entry? The situation is absurd, or “naked fraudulent mis-selling,” as another MP put it. ...
Viagogo snubs MPs' inquiry into online ticket reselling image
Source : Guardian [Read Article] Tuesday 21st of March 2017 10:57:46 AM
. Controversial ticket resale website Viagogo was accused of “naked mis-selling and fraud”, as it delivered an almost unprecedented snub to MPs by failing to show up for a select committee hearing. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
.... . The four were indicted in October 2016 on a range of charges including embezzlement, tax evasion and fraud. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
.... These include oligarchs, Moscow bankers, and figures working for or connected to the FSB, the successor spy agency to the KGB. Igor Putin, the cousin of Russia’s president, Vladimir, sat on the board of a Moscow bank which held accounts involved in the fraud. ...
Three UK's mobile customers experience new data breach image
Source : Guardian [Read Article] Monday 20th of March 2017 05:18:58 PM
....”. The problem comes four months after three men were arrested after fraudsters accessed personal data of thousands of Three customers, including names and addresses, by using authorised logins to its database of customers eligible for an upgraded handset. ...
S Korea complains to WTO about China over Thaad image
Source : BBC [Read Article] Monday 20th of March 2017 09:12:27 AM
....China denies the recent moves are related to the Thaad deployment. In a separate development, the Lotte Group's 93-year-old founder and three other family members went on trial in Seoul on Monday for alleged embezzlement, tax evasion and fraud. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
....As the Candys have been quick to point out, he was investigated, (though never charged) by the Serious Fraud Office over the 2010 collapse of his fish importing business British Seafood. In a case that was eventually settled out of court, the blue chip investment firm 3i sued him for fraud, alleging he invented sales to inflate the size of the company. ...
How can I ever work again after the trauma of whistleblowing? image
Source : Guardian [Read Article] Friday 17th of March 2017 10:24:52 AM
....Six years ago I was a whistleblower at my workplace. I worked there for three years, but from my first day I noticed daily cover-ups, misuse of position and daily cash fraud. ...
Abta website: Holidaymakers hit by cyber attack image
Source : BBC [Read Article] Thursday 16th of March 2017 11:39:43 AM
....Abta said the "vast majority" of the 43,000 people affected were those who had registered with email addresses and encrypted passwords or had filled in an online form with basic contact details. It said there was "a very low exposure risk to identity theft or online fraud" with this kind of data. ...
Identity fraud reached record levels in 2016 image
Source : BBC [Read Article] Wednesday 15th of March 2017 01:00:52 AM
. Young people are a growing target for identity theft cases, which have reached record levels in 2016, fraud prevention organisation Cifas says. ...
Brazil prosecutor targets politicians in Petrobras scandal image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:19:32 PM
....Brazil's electoral court is looking into donations to the Rousseff-Temer campaign in the 2014 election. If fraud is found, their campaign could be annulled, which means that Mr Temer would be removed from office. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
.... If VW had decided to fight the charges rather than settling, it could have been even bigger. It has also pleaded guilty to criminal charges of conspiracy to commit fraud and obstruction of justice. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
....The annual meeting will be held in May in Derby, England, where the company has 14,000 staff. The board will take questions on a variety of topics after a year in which the fraud charges and sterling’s plunge drove the company to a loss of £4. ...
Has TalkTalk’s security been breached yet again? image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
.... They describe how as many as 60 “employees” work in shifts at “call centres” to dupe victims into giving them access to their bank accounts. Guardian Money has repeatedly highlighted the scams, and detailed around 20 cases where fraudsters were able to quote enough account information to convince their victim that they were speaking with a genuine TalkTalk employee. ...
Ticket touts face unlimited fines for using 'bots' to buy in bulk image
Source : Guardian [Read Article] Friday 10th of March 2017 07:15:05 PM
....Viagogo, which is based in Switzerland but has a large office in Cannon Street, London, was recently accused of “moral repugnance” for seeking to profit from the resale of tickets for an Ed Sheeran gig at the Royal Albert Hall in aid of the Teenage Cancer Trust. Ticketmaster, which owns resale sites GetMeIn and Seatwave, has also come under the spotlight after it emerged that a man previously convicted of a £2m ticket fraud was using the sites to sell thousands of pounds’ worth of tickets. ...
Nick Candy paid Katy Perry £1.2m to sing at his wedding, court told image
Source : Guardian [Read Article] Friday 10th of March 2017 05:00:20 PM
....The dispute completely changed his view of Holyoake, Candy said in a written witness statement, on which he was questioned. In the statement he describes his former friend as a “fraud” and a “pathological liar”. ...
VW pleads guilty to US emissions charges image
Source : BBC [Read Article] Friday 10th of March 2017 04:02:31 PM
....5bn) agreement with the US regulators over the diesel emissions scandal. The German car maker has pleaded guilty to conspiracy to commit fraud, obstruction of justice and entry of goods by false statement. ...
Libor requests need not break rules, court hears image
Source : BBC [Read Article] Thursday 9th of March 2017 11:08:42 PM
....A prosecution witness in the trial of two bankers for manipulating Libor interest rates has accepted banks could put rates higher or lower without necessarily breaking the rules. Former Barclays traders Ryan Reich and Stelios Contogoulas are accused of conspiracy to defraud by rigging Libor. ...
Prospect of £1.7bn fine looms large over PM's talks with EU leaders image
Source : Guardian [Read Article] Wednesday 8th of March 2017 10:30:19 PM
....The prospect of a £1. 7bn fine imposed on the UK by the EU’s fraud watchdog is expected to cast a shadow over Theresa May’s summit with European leaders on Thursday. ...
Inside the TalkTalk 'Indian scam call centre' image
Source : BBC [Read Article] Monday 6th of March 2017 11:47:00 AM
. TalkTalk customers are being targeted by an industrial-scale fraud network in India, according to whistleblowers who say they were among hundreds of staff hired to scam customers of the British telecoms giant. ...
Scheme to combat rogue lettings agents under attack image
Source : BBC [Read Article] Monday 6th of March 2017 12:19:27 AM
. Landlords and tenants who have been defrauded by a rogue letting agent say a government-approved scheme set up to protect them is useless. ...
Bad news for online advertisers – you’ve been ’ad | John Naughton image
.... Much more worrying was the return of the Wanamaker problem: how many people are actually seeing these ads? Perhaps what he had in mind was an advertising industry investigation that suggested around a third of online ads may be “seen” not by humans but by bots. Pritchard regards the hidden machinery of surveillance capitalism as “murky at best and fraudulent at worst. ...
Bank staff trained to spot cash scams as they take place image
Source : BBC [Read Article] Saturday 4th of March 2017 01:01:55 PM
....The plan is to train every single front-facing employee of banks, building societies and Post Offices. Cash payments to fraudsters are typically much harder to trace than online payments with the vast majority of cases going unsolved. ...
Uber uses 'secret program' Greyball to hide from regulators image
Source : BBC [Read Article] Saturday 4th of March 2017 10:53:15 AM
.... Local officials contend this is illegal. "This program denies ride requests to fraudulent users who are violating our terms of service," Uber said in a statement. ...
Love on the line? image
Source : BBC [Read Article] Friday 3rd of March 2017 12:03:50 AM
....But how do I know he's really who he says he is? . After all, online dating fraud is on the rise and it seems easy for people to adopt false identities, stealing photos from other websites and concocting plausible back stories. ...
Scam warning: How investment fraudsters are adopting THESE tactics to target over-55s image
....The average loss is now £32,000 and many have been tricked out of even larger sums, completely wrecking their retirement plans. Older savers are the prime target for fraudsters because they have more money to invest, often after using new pension freedoms to cash in their pots. ...
Con-artists use flattery to net investment scam victims image
Source : BBC [Read Article] Wednesday 1st of March 2017 12:13:51 AM
. Con-artists are using flattery to encourage older people to part with an average of £32,000 for unauthorised and fraudulent investments. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
....Mark Holyoake alleges he was blackmailed by the brothers into making extortionate repayments on a loan. The Candys deny all charges, and allege “serial dishonesty and fraud” on the part of Holyoake. ...
Samsung's acting head indicted on bribery charges as scandal grows image
Source : Guardian [Read Article] Tuesday 28th of February 2017 10:22:14 AM
....Park was impeached by parliament in December after accusations that she colluded with Choi Soon-sil, a longtime confidante, to pressure major South Korean companies to donate almost $70m to Choi’s foundations. Choi, who has denied charges of attempted fraud and abuse of power, is accused of using the money for personal gain. ...
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
.... . She is now on trial charged with various offences, including abuse of authority, coercion and attempted fraud, and denies wrongdoing. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
....PriceWaterhouseCoopers was the auditor on the job at Tesco when the supermarket chain confessed to a £263m overstatement of profits. The firm also conducted the “full-scope audit work” at BT’s Italian operations that failed to spot the alleged fraud that ripped a £530m hole in its last set of numbers. ...
India police arrest 'world's cheapest smartphone' firm boss image
Source : BBC [Read Article] Friday 24th of February 2017 05:59:23 AM
. The director of Ringing Bells, the Indian firm which claimed to be selling the world's cheapest smartphone, has been arrested on allegations of fraud. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
....The state injected billions of euros, but faced with the scale of Bankia’s losses and trouble at other banks it asked the EU for a bailout for the entire banking sector and eventually received €41bn. Rato, who led the IMF from 2004 to 2007, and was a key figure in the conservative People’s party (Partido Popular or PP), was greeted with cries of “thief”, “fraud” and “thugs” when the trial began in September. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....4bn the previous year. However, Barclays still faces a lawsuit by the US Department of Justice for alleged mortgage securities fraud. ...
Convicted fraudsters sell Ed Sheeran tickets through Ticketmaster image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 09:48:02 AM
. A pair of convicted fraudsters are using Ticketmaster to sell thousands of pounds’ worth of seats at Ed Sheeran gigs, it has emerged, fuelling concerns among campaigners about the anonymity of touts who use secondary ticketing websites. ...
Lloyds reports biggest profits since financial crash image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 08:49:43 AM
....However, the bank set aside a further £1bn during the year for other compensation payouts, including a new £475m bill for mis-selling packaged bank accounts and to compensate mortgage customers whose arrears were miscalculated. There was no provision for about 100 customers affected by the HBOS Reading fraud – for which two former HBOS bankers were jailed. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
.... Lloyds is forecast to report a £4bn profit, up from £1. 6bn, but some of the shine will be taken off by the £245m fraud at HBOS, which has left it having to compensate victims. ...
It’s all talk at Santander as voice recognition banking begins image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
.... Once the bank has built up a sufficiently broad voice profile for a customer, they can choose to use voice recognition rather than a password. The banks claim the systems are more secure than passwords as they monitor more than 100 voice characteristics and, unlike passwords, can’t be lost or accessed by fraudsters. ...
TalkTalk scam victims say it’s time for answers image
Source : Guardian [Read Article] Saturday 18th of February 2017 06:59:33 AM
.... He was part of the network of crooks who have accessed the details of many thousands of TalkTalk customers stolen from the company in 2015. Instead of paying him £200 the fraudster stole £6,300 from his Santander account – and the real TalkTalk has refused to pay any compensation to him or the many other victims to come forward over the past year. ...
Samsung head arrested over South Korean Choi-gate corruption scandal image
Source : Guardian [Read Article] Friday 17th of February 2017 12:27:38 AM
.... “We will do our best to ensure that the truth is revealed in future court proceedings,” the company said in a statement. According to South Korean media, Samsung claimed that Park had pressured it into donating to foundations belonging to Choi Soon-sil, the president’s longtime confidante who faces charges of attempted fraud and abuse of power. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... The newly established Consumer Financial Protection Bureau tries to ensure customers are dealt with honestly. You might think after the extraordinary fraud at Wells Fargo last autumn – bank employees opening millions of phantom accounts and credit cards in customers’ names – that a president on the side of the little guy would at the very least not want to weaken American financial regulation. ...
Dating fraud reported once every three hours image
Source : Independent [Read Article] Saturday 11th of February 2017 02:45:00 PM
...
Related to :
Developer claiming £132m   from Candy brothers is accused of 'serial dishonesty' image
. Mark Holyoake, the businessman claiming £132m in damages from the property tycoons Christian and Nicholas Candy, has been accused of “dishonesty and fraud” at London’s high court. ...
Fingerprint payments prompt privacy fears in India image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:00:13 AM
.... It was initially sold to the public as a welfare delivery mechanism that would ensure the country’s 1. 25bn citizens were each receiving the right quantity of subsidised rice or cooking fuel, while weeding out fraudsters. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
....The Candys deny the charges “in their entirety”. In their defence statement, they allege “serial dishonesty and fraud on the part of Mr Holyoake and his associates”, and that the Grosvenor project was developed “on dishonest foundations with other people’s money”. ...
Spinal Tap creators aim to 'go to 11' with $400m lawsuit image
Source : Guardian [Read Article] Wednesday 8th of February 2017 09:11:21 AM
....25m, was released in 1984 and became a global cult classic. Vivendi acquired the rights to Spinal Tap in 1989, and Shearer’s legal action claims it began a “concerted and fraudulent campaign to hide, or grossly under-report, the film’s revenues in order to avoid its profit participation obligations”. ...
Nationwide blocked my cards when I tried to buy European train tickets image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:00:00 AM
.... The transaction failed and Nationwide blocked my debit card. I tried with my other Nationwide card but it blocked that, too, blaming “suspected fraudulent activity”. ...
Lloyds must compensate the victims of the £245m HBOS scam – fast | Nils Pratley image
....Lloyds Banking Group has done what it should have done last week. It has said it will appoint an independent outsider to consider compensation payments to those small businesses who were victims of the fraudulent activities of Lynden Scourfield, the disgraced former head of HBOS’s impaired loans operation in Reading. ...
Lloyds apologises for 'distress' caused by £245m HBOS loan scam image
Source : Guardian [Read Article] Tuesday 7th of February 2017 12:45:49 PM
.... At one point, taxpayers owned 43% of the shares in Lloyds, which is the UK’s biggest mortgage lender and savings institution. A jury last week convicted Mills along with his wife Alison, and their associates Michael Bancroft and Tony Cartwright, for running the fraud between 2003 and 2007. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....”. The Panama Papers exposed how thousands of offshore companies have been used to help hide the proceeds of fraud, political corruption and tax evasion. ...
Rolls-Royce faces civil service inquiry over UK state funding image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:29:06 PM
. Civil servants are carrying out an internal inquiry to establish whether the engineering giant Rolls-Royce fraudulently obtained financial support worth hundreds of millions of pounds from the government. ...
HBOS manager and other City financiers jailed over £245m loans scam image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:55:21 PM
....Five of Scourfield’s partners in the multi-year scheme – the proceeds of which were spent on lavish parties, superyachts and sex parties – were also sentenced, bringing the total jail time to 47-and-half-years. Consultant David Mills, Scourfield’s business associate, was sentenced to 15 years in jail for his role in the extensive fraud. ...
Cash, cruises and sex parties: inside ex-HBOS manager's £245m scam image
Source : Guardian [Read Article] Monday 30th of January 2017 05:37:27 PM
....That might all seem like the preamble for a new Netflix series, on which the scriptwriters still have to do a bit of work. But it was the scene-setter that greeted jurors at Southwark crown court in September, as they prepared to hear a fraud case relating to one of the crustiest of finance sectors, corporate banking. ...
Ex-HBOS manager and five others face jail over £245m scam image
Source : Guardian [Read Article] Monday 30th of January 2017 04:41:50 PM
. A group of six financiers including a former senior HBOS banker face jail after being convicted on Monday for their roles in a scam involving £245m worth of fraudulent loans. ...
How artificial intelligence could help make the insurance industry trustworthy image
.... This practice is unusual because an insurance company usually keeps all the profit or pays dividends to its shareholders or policyholders, said Justin Sydnor, a behavioral economist and associate professor of risk and insurance at the University of Wisconsin-Madison. The charity component also helps to minimize fraudulent claims, said Lemonade CEO and co-founder Daniel Schreiber. ...
Tax return DEADLINE: Millions urged to act TODAY to avoid £100 fine  image
Source : Daily Express [Read Article] Friday 27th of January 2017 04:14:00 PM
.... There is also lots of information from Citizens Advice and also on the taxman's website. Only use trusted source for information, as fraudsters set up fake websites to try to trick people into giving money or personal details. ...
BT insists Italian scandal is under control as profits plunge image
Source : Guardian [Read Article] Friday 27th of January 2017 09:54:01 AM
....3m last year, including an annual bonus of just over £1m and share awards worth £3m. BT is facing at least two shareholder lawsuits in the US, accusing the company and its senior executives of securities fraud. ...
UK's super rich appear to get special deal from HMRC, says watchdog image
Source : Guardian [Read Article] Friday 27th of January 2017 12:01:11 AM
....9bn currently under investigation. However, the report found HMRC had a “dismal record” when it came to prosecuting the very wealthy for tax fraud in the criminal courts. ...
Halifax is chasing a debt on a house my wife left 20 years ago image
Source : Guardian [Read Article] Wednesday 25th of January 2017 07:00:31 AM
.... Her ex had forged her signature on the application, and Halifax has acknowledged it does not match my wife’s. When we discovered the fraudulent signature in 2013 and alerted the bank we thought the matter was over because there was no contact for around 18 months. ...
BT shareholders will remember profit warning for years | Nils Pratley image
Source : Guardian [Read Article] Tuesday 24th of January 2017 05:47:06 PM
.... Back in October, “inappropriate management behaviour” in Italy was said to be leading to a “non-cash” write-down of £145m. That behaviour has now been upgraded to “improper” – which amounts to an allegation of fraud – and the bill will definitely be felt. ...
UK fraud hits record £1.1bn as cybercrime soars image
Source : Guardian [Read Article] Tuesday 24th of January 2017 07:01:40 AM
. The value of fraud committed in the UK last year topped £1bn for the first time since 2011, prompting a warning about increasing cyber crime and the risk of more large-scale scams as the economy comes under pressure. ...
Brothers jailed for trafficking people from Poland to work at Sports Direct image
....The Markowski brothers admitted one charge of conspiracy to arrange or facilitate travel with a view to exploitation, an offence under the Modern Slavery Act. They were also sentenced to two years and six months for conspiracy to commit fraud by false representation, an offence under the Fraud Act. ...
‘Barclays took my £440,000 and put me through hell’ image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
.... In the past two years the Observer has been contacted by bewildered readers of all backgrounds – including an economics professor, a migraine charity, a prominent campaign group and numerous ordinary householders whose finances involve nothing more exotic than a holiday in Spain. Many have fallen foul of a legal clamp down on financial crime after several banks were fined for fraud. ...
Friday afternoon conveyancing fraud, plus the merits of 10-year mortgages image
Source : Guardian [Read Article] Thursday 19th of January 2017 02:49:16 PM
....Homes in which to sit out the perils of 2017. ‘Friday afternoon fraud’ is an email scam that is the No 1 cybercrime in the legal sector. ...
'The swamp is Goldman Sachs': how the bank is rewarded for putting profits over people image
....There is no bigger sign of that than the impact of the foreclosure crisis, the gutting of public services of Jefferson County, Alabama, and other such dealings. Early in 2016, Goldman finally agreed to a $5bn settlement for fraudulently creating and selling mortgage-backed securities (a settlement that probably amounts to much, much less than advertised), but less than a year later, as Stamp notes, its second-in-command is headed to advise the new president. ...

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