fraud
More problems arise after Target security breach
Wednesday, 25/12/2013 | 00:00 GMT by
Guest Contributors
More Misappropriation Found by NFA as R2 Capital Gets Served MRA
- The NFA has announced that it is taking emergency action against R2 Capital Group LLC. A CPO, R2 Capital recently became an NFA Member in September and is accused of misappropriating $1.2 million.
Tuesday, 24/12/2013 | 11:29 GMT by
Ron Finberg
40 million cards compromised after Target security breach
Thursday, 19/12/2013 | 00:00 GMT by
FMAdmin Someone
Commodity Pool Operator Dips Into Customer's Funds Via Loan, CFTC Alleges in Filed Complaint
- CFTC Alleges Alexander Glytenko of Direct Investment Products (DIP) solicited 761 investors for $3.9M and then misappropriated customers funds via a $464,000 personal loan against the CPO pool that hasn't been repaid.
Thursday, 12/12/2013 | 20:56 GMT by
Steven Hatzakis
Optimal Payments to offer payment and fraud management extension for Magento merchants
Tuesday, 10/12/2013 | 00:00 GMT by
FMAdmin Someone
CFTC Orders Australian Schemers to Pay $192 Million in Fines and Restitution
- US financial regulator slams unregulated money manager for dealing in Forex fund management. CFTC awaded civil monetary penalties of more than $192 million against Defendants Senen Pousa and Investment Intelligence Corporation.
Monday, 09/12/2013 | 18:50 GMT by
Adil Siddiqui
InvestTech FX Senior Executives Charged By Canadian Police Over Alleged Fraud
- The Toronto division of the Royal Canadian Mounted Police has today charged two directors of InvestTech FX Technology with fraud, as a result of a high value scheme which misappropriated client funds.
Wednesday, 04/12/2013 | 13:17 GMT by
Andrew Saks McLeod
Phishing surge in China alongside Ecommerce growth
Monday, 02/12/2013 | 00:00 GMT by
FMAdmin Someone
Eye For Detail Required: HKMA Issues Warning Over RBS Imposter's Website
- The Hong Kong Monetary Authority has yesterday issued a warning to potential FX traders regarding its discovery of a fraudulent website whose domain name appears similar to RBS, yet has absolutely no connection whatsoever.
Thursday, 28/11/2013 | 08:00 GMT by
Andrew Saks McLeod
BVI FSC Denies 4XP’s Claims it Has Frozen Company Accounts: The Full Story
- A developing story that follows a series of warnings, after multiple people close to the company have confirmed that the company which appears to be un-regulated, is halting the processing of withdrawals.
Tuesday, 19/11/2013 | 10:24 GMT by
Steven Hatzakis
New report shows half of chargebacks go unanswered by merchants
Tuesday, 19/11/2013 | 00:00 GMT by
FMAdmin Someone
CyberSource partners with Alipay to provide risk management services
Tuesday, 19/11/2013 | 00:00 GMT by
FMAdmin Someone
SecureBuy offers 3D-Secure free to all online merchants
Tuesday, 19/11/2013 | 00:00 GMT by
Adil Siddiqui
Orchestrator Of New Zealand's Largest Ever Ponzi Scheme Sent To Jail For 10 Years
- David Ross, CEO of Ross Asset Management, has today been sentenced to 10 years and 10 months in jail for orchestrating the largest and highest value Ponzi scheme in the history of New Zealand, with $115 million lost.
Friday, 15/11/2013 | 08:58 GMT by
Andrew Saks McLeod
Californian FX Fraudster Ordered To Pay $17 Million In Penalties, Plus Jail Term
- The US Commodity Futures Trading Commission has today announced that it has obtained a federal court order against FX fraudster Lyndon Parilla, who must pay $17 million, plus sit out a 97 month jail term.
Tuesday, 12/11/2013 | 20:27 GMT by
Andrew Saks McLeod
Bringing down chargebacks during this Holiday Season
Sunday, 10/11/2013 | 00:00 GMT by
FMAdmin Someone
NFA Files Complaint Against Euro Pacific Holdings For Fraud & Deception
- The NFA has charged Euro Pacific Holdings and its CEO Alexander Blum with fraudulent business activities, providing false information, conducting FX business with non-Members of NFA, and using a deficient disclosure document.
Saturday, 09/11/2013 | 16:52 GMT by
Andrew Saks McLeod
AlphaMetrix Saga Continues, CFTC Obtains Restraining Order Over Fraud
- After falling under the NFA's wrath for failing to pay rebates to fund partners, the CFTC has received a court order against AlphaMetrix Group for its involvement of misappropriation and financial fraud.
Thursday, 07/11/2013 | 09:35 GMT by
Ron Finberg
Fraudster Who Led MMA Forex In Dubai Sentenced To Two Years In Jail
- Malik Noureed Awan has been sentenced to two years in jail following a guilty verdict at a court in Dubai on allegations of fraud. Mr Awan's company, MMA Forex had taken deposits from customers that it could not return.
Thursday, 07/11/2013 | 08:40 GMT by
Andrew Saks McLeod
RevGuard and Verifi come toghether to reduce chargebacks
Thursday, 07/11/2013 | 00:00 GMT by
FMAdmin Someone
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