fraud
Silk Road shut-down: $3.6 million in bitcoins seized in FBI raid
Thursday, 03/10/2013 | 00:00 GMT by
FMAdmin Someone
Collaboration of credit card giants in securing digital payments
Wednesday, 02/10/2013 | 00:00 GMT by
FMAdmin Someone
CFTC Censures Daniel K. Steele For $1.7 Million FX Fraud
- The US Commodity Futures Trading Commission has today issued proceedings against mid-western FX firm Champion Management International and its owner Daniel K. Steele for carrying out a $1.7 million FX fraud.
Thursday, 26/09/2013 | 20:12 GMT by
Andrew Saks McLeod
Status Symbol That Never Was - Web Of Deceit Surrounds MMA Group's Bogus Airline
- MMA Group's scheme which bilked many customers out of substantial sums of money did not end with a straightforward FX scam. The firm also used disreputable tactics to promote its airline, which has no CAA license.
Sunday, 22/09/2013 | 14:09 GMT by
Andrew Saks McLeod
Pay Up, Says Uncle Sam! FXDD Ordered To Pay Penalties As Case Draws To A Close
- After over a year's worth of legal pursuit by the US authorities, the NFA and CFTC's cases against FXDD have today drawn to a close with FXDD liable for substantial fines and $1.8 million in restitution.
Wednesday, 18/09/2013 | 20:14 GMT by
Andrew Saks McLeod
Ponzi Scheme Eh? Ontario Regulator To Hear FX Fraud Case Tomorrow at 10.00am
- The Ontario Securities Commission is scheduled to hear the case against FX trader Sylvan Blackett, Rezwealth Financial Services and Tiffin Financial in legal proceedings which have been a somewhat long, drawn-out affair.
Monday, 16/09/2013 | 13:06 GMT by
Andrew Saks McLeod
Alex Ekdeshman Ordered To Pay $2.4 Million Plus Fine For FX Fraud
Tuesday, 10/09/2013 | 16:19 GMT by
Andrew Saks McLeod
Don't Mess With The U.S. - America Leads The Way in Strict Sentencing For FX Fraudsters
- As worldwide authorities concentrate on firming up the regulatory structure of FX firms, some regimes are stricter than others. The US has demonstrated this by sentencing a Ponzi scheme to 20 years.
Tuesday, 10/09/2013 | 15:26 GMT by
Andrew Saks McLeod
Cybercrime research to be presented at APWG conference
Tuesday, 10/09/2013 | 00:00 GMT by
FMAdmin Someone
Lid Lifted On OakFX Boiler Room Following FMA Regulatory Warning
- Further to last week's warning issued by the New Zealand FMA urging investors to exercise extreme care when approached by OakFX, the forceful sales tactics and high pressure environment has been revealed.
Sunday, 08/09/2013 | 09:34 GMT by
Andrew Saks McLeod
PayPal’s seller protection guarantee in South Pacific
Wednesday, 04/09/2013 | 00:00 GMT by
FMAdmin Someone
DHgate calls on CyberSource for fraud management
Wednesday, 04/09/2013 | 00:00 GMT by
FMAdmin Someone
Largest Ponzi Scheme In New Zealand's History Lands Perpetrator In Jail
- New Zealand fraudster David Ross was sentenced to jail on Thursday last week for orchestrating the largest Ponzi scheme ever to have occurred in New Zealand. The FMA cites a total of $380 million in fraudulent activity.
Monday, 02/09/2013 | 09:31 GMT by
Andrew Saks McLeod
Caveat Emptor! New Zealand FMA Warns About Attempt To Dupe Clients
- New Zealand's FMA has today issued a warning concerning what it considers to be unrealistic and misrepresenting claims regarding the potential attainable returns from investing in Phoenix Forex's Oak FX system.
Thursday, 29/08/2013 | 09:04 GMT by
Andrew Saks McLeod
US Authorities Ban PFG Auditor Permanently One Year After Firm Failure
- The US Commodity Futures Trading Commission has today announced that it has issued a permanent ban against Jeannie Veraja-Snelling, an external auditor and accountant acting for PFG at the time of its demise in July 2012.
Monday, 26/08/2013 | 19:14 GMT by
Andrew Saks McLeod
Fraud statistics are up for debit, credit and prepaid cards
Tuesday, 20/08/2013 | 00:00 GMT by
Adil Siddiqui
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