fraud
$72 Million Ponzi Scheme Lands Gregory McKnight With 15 Year Jail Sentence
- The US Securities and Exchange Commission announced yesterday that Gregory McKnight has been sentenced to 15 years and 8 months in jail for operating a $72 million Ponzi scheme and operating without regulatory approval.
Wednesday, 14/08/2013 | 08:36 GMT by
Andrew Saks McLeod
Things to consider when choosing a payment processor
Monday, 12/08/2013 | 00:00 GMT by
FMAdmin Someone
The Case Continues: BNY Mellon Faces Ongoing FX Fraud Case Once Again
- The latest development in the State of New York's lawsuit against financial giant BNY Mellon was heard by the Supreme Court on Monday this week, ruling that the fraud claims brought against the bank can proceed.
Wednesday, 07/08/2013 | 11:56 GMT by
Andrew Saks McLeod
FX Trader and Portfolio Manager Receives Lawsuit From Canadian Authorities For Fraud
- The British Columbia Securities Commission yesterday issued a notice to independent FX trader Hong Liang Zhong alleging that he committed fraud by concealing how he earned commissions, and making false guarantees.
Wednesday, 07/08/2013 | 08:00 GMT by
Andrew Saks McLeod
SecureBuy finds the silver-lining in every blacklist
Wednesday, 07/08/2013 | 00:00 GMT by
FMAdmin Someone
6 reasons why you should consider not to host your payment page
Wednesday, 07/08/2013 | 00:00 GMT by
FMAdmin Someone
Irish organizations lose 2.7% of turnover from cyber-crime
Wednesday, 07/08/2013 | 00:00 GMT by
FMAdmin Someone
Fraudulent Commodity Trader Gets $7.5 million Fine
- A federal court in Illinois has ordered a fraudulent money manager to pay $7.5 million in restitution. Chicago based Bradley Scott duped innocent investors for a total $7.8 million to trade in commodity futures.
Tuesday, 06/08/2013 | 21:24 GMT by
Adil Siddiqui
South African e-commerce protests credit-card companies’ Fraud detection system
Tuesday, 06/08/2013 | 00:00 GMT by
Adil Siddiqui
160 million credit card details hacked - How did it happen?
Tuesday, 06/08/2013 | 00:00 GMT by
Adil Siddiqui
Britain’s fight against cybercrime shabbily executed
Thursday, 01/08/2013 | 00:00 GMT by
FMAdmin Someone
Appeal Denied – One World Capital Fraudsters Receive Full Sentencing
- Ponzi scheme fraudsters, John Walsh and Charles Martin, operators of defunct One World Capital saw their appeals rejected. As a result, the two continue to face long jail sentences and restitution charges in the millions.
Wednesday, 31/07/2013 | 10:23 GMT by
Ron Finberg
Internet hackers steal 160 million credit card details for fraudulent use
Sunday, 28/07/2013 | 00:00 GMT by
FMAdmin Someone
SEC lawsuit brought against Bitcoin Ponzi-schemer
Wednesday, 24/07/2013 | 00:00 GMT by
FMAdmin Someone
PayPal’s “Modern Spice Routes” reveals the flavors of e-commerce
Tuesday, 23/07/2013 | 00:00 GMT by
FMAdmin Someone
CFTC Fines Algorithmic Trader $2.8 Million For Spoofing In The First Market Abuse Case Brought By Dodd-Frank Act, And Imposes Ban
- Today, the US Commodity Futures Trading Commission and Britain's FCA announced that they have brought a milestone case against an algorithmic trading entity for market abuse, representing the first Dodd-Frank Act application.
Monday, 22/07/2013 | 13:09 GMT by
Andrew Saks McLeod
Security breach would cause US customers to change banks
Monday, 22/07/2013 | 00:00 GMT by
FMAdmin Someone
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