Fraud

Technology to expose financial fraudsters Fallback Image Decorative pattern

Industry

Technology to expose financial fraudsters

Every underground subculture uses parlance that identifies them as a sect of common interests. No one knows this better than corporate investigators and anti-fraud sleuths. And thanks to anti-fraud technology, they can now identify about 3,000 words and phrases, including “nobody will find out” and “off the books,” frequently found in email conversations among dodgy […]

By Staff |January 7, 2013

1 min read

Former advisor charged with fraud, arrested Fallback Image Decorative pattern

Industry

Former advisor charged with fraud, arrested

A former advisor was charged with fraud and arrested last month.

By Wire services |January 4, 2013

1 min read

Fake advisor guilty of defrauding celebrities Fallback Image Decorative pattern

Industry

Fake advisor guilty of defrauding celebrities

A man posing as a successful Ivy-league businessman has been convicted of defrauding several celebrities out of nearly $250,000. The victims include former Toronto Argonauts players Michael “Pinball” Clemons and Damon Allen, as well as former child actor Ken Vadas, and former Sick Kids specialist Dr. Rahim Valani, reports thestar.com. The Crown found Oakville, Ont. […]

By Wire services |December 20, 2012

1 min read

Fannie and Freddie face $3 billion LIBOR loss Fallback Image Decorative pattern

Industry

Fannie and Freddie face $3 billion LIBOR loss

The alleged manipulation of LIBOR by banks may have cost Fannie Mae and Freddie Mac $3 billion in uncollected interest payments, reports ft.com. These alleged losses would have affected their holdings of floating-rate bonds and interest rate swaps from September 2008 through to June 2010. Read more. Also read: UBS agrees to $1.5 billion LIBOR […]

By Wire services |December 20, 2012

1 min read