Tag Archives: Fraud

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

‘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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

‘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 ...

Read More »

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 ...

Read More »

Bitcoin belongs more to the realm of fraud than finance or economics – analyst 

Cryptocurrencies have no intrinsic value behind them, which is why they can be compared to Monopoly money, according to Alessandro Bruno, senior political and financial writer at Lombardi Letter. “It’s not about innovation, it’s not about progress, it’s not about automation. Bitcoin – and other cryptocurrencies (except for the gold backed or oil backed ones, has become another financial ‘expression’ ...

Read More »

‘In fraud we trust’: 36 indicted in global $530mn cyber-crime gang

The US Department of Justice (DOJ) says it has indicted 36 people accused of trafficking in stolen identities and causing more than $ 530 million in damages worldwide. The cyber-crime network, known as the Infraud Organization, operated under the slogan “in fraud we trust,” the DOJ told reporters on Wednesday. Members of the group were charged on nine criminal counts, ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!