Tag Archives: Fraud

Amazon is working with the FTC’s fraud investigation against Sellers Playbook

Amazon said today it is working with the Federal Trade Commission’s investigation into consumer fraud allegedly committed by Sellers Playbook, a Minnesota-based business that claimed to help Amazon sellers make more money. FTC and the state of Minnesota announced today that they have charged Sellers Playbook and its owner Jessie Tieva and CEO Matthew Tieva, a married couple who are ...

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Monsanto accused of ‘fraud & bullying’ during court hearing on ‘probably carcinogenic’ weed killer

Agrochemical giant Monsanto has engaged in “scientific fraud” and bullying, in attempts to conceal that its popular weed killer Roundup has potential links to cancer, a lawyer has argued, in a landmark lawsuit against the company. The global chemical corporation has “specifically gone out of its way to bully … and to fight independent researchers,” said attorney Brent Wisner, speaking at ...

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Germany’s migration chief is sacked amid an asylum agency fraud scandal – but is the problem solved?

The ousted head of Germany’s refugee agency was central to an unfolding asylum application fraud scandal, but firing her won’t fix core “structural problems” in the country’s migration system, a geopolitical analyst has told RT. After serving just 18 months as head of the Federal Office for Migration and Refugees (BAMF), Jutta Cordt was fired this week by Interior Minister ...

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Founder of ‘revolutionary’ blood-testing startup Theranos charged with fraud

Elizabeth Holmes, founder and CEO of the blood-testing health technology company Theranos, and her business partner, have been indicted on charges of wire fraud and of defrauding investors, patients and doctors. Holmes and former Theranos COO Ramesh “Sunny” Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud, said the Acting United ...

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Bitcoin’s skyrocketing growth was ‘fraud and manipulation’ – report

The record growth in bitcoin last year was actually a coordinated market manipulation, according to recent research by University of Texas Finance Professor John Griffin. Read more Griffin, who has 10 years of experience in detecting financial fraud, examined millions of transactions on cryptocurrency exchange Bitfinex. In his paper, Griffin says that the US dollar-pegged cryptocurrency tether was used to ...

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‘Bitcoin fraud’ suspect rejects deal with US, wants to be tried in Russia

Aleksandr Vinnik, the Russian cryptocurrency entrepreneur held in Greece on US charges of fraud, wants to be extradited to Russia to stand trial there. He has rejected conditions offered by US investigators, his lawyer said. Vinnik, a Russian expert in cryptocurrency technologies, is being held in a Thessaloniki jail. Washington accuses him of laundering at least $ 4 billion in ...

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German ‘asylum fraud’ scandal probe widens to include 10 more migration offices

German migration authorities have widened their probe into asylum application fraud and are now investigating 10 additional field offices on suspicion of granting refugees permissions to stay in the country without proper grounds. On Friday, the German Federal Office for Migration and Asylum (BAMF) announced that it would review some 18,000 refugee cases in the city of Bremen going back ...

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Dieselgate: Volkswagen ex-CEO charged with fraud in emissions scandal

The US Justice Department has filed criminal charges against former Volkswagen Chief Executive Martin Winterkorn. He is the ninth person to be hit with criminal charges connected to the so-called ‘Dieselgate’ scandal. The 70-year-old is charged with four felony counts, including conspiracy to defraud the US, wire fraud and violating the Clean Air Act from at least May 2006 through ...

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‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud

As bitcoin soared to the $ 20,000 mark last year, cyber-criminals increasingly turned their attention to cryptocurrency users. ‘Cryto-jacking’ cases catapulted in 2017 as cryptocurrency prices rose, according to new research. The sky-rocketing value of some cryptocurrencies in 2017 apparently prompted hackers to move away from tried and tested ransomware as a source of extortion and direct their attention towards ...

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Russia ballot box fraud down compared to previous elections, all cases investigated

Although multiple reports of ballot stuffing across Russia surfaced on the internet on Sunday, the number of fraud reports is down two times compared to previous elections, the Russian Central Election Commission says. Most of the polling stations were under video surveillance that was streamed online. In one embarrassing case, CCTV footage of a voting station in the Moscow suburb ...

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