Fred. R. Becker Jr., president and CEO of the National Association of Federal Credit Unions, on Sept. 28, 2011, submitted comments to the Federal Reserve Board's Jennifer Johnson on its interim final rule on the fraud adjustment for debit card interchange fees.

The U.S. Environmental Protection Agency said it has invalidated 33.5 million renewable-fuel credits sold by an Indiana company for biofuel it didn’t produce, the fourth time the agency has alleged fraud in the program.

Partly in an effort to counter the tide of mortgage fraud cases, the Land Registry has amended the Land Registration Rules 2003 with effect from 10 November 2008. The Land Registration (Amendment) Rules 2008 substantially amend many of the forms req...

Protecting companies from Coronavirus crime and fraud Whilst our communities, including the business community, are pulling together like never before to protect the country and the National Health Service from the Coronavirus outbreak, fraudsters a...

It is becoming abundantly clear that the world as we know it will never be the same after the global coronavirus pandemic given the impact it has already had upon our daily lives, families, communities and the global economy. People have been forced...

The SFO finally issues long-awaited definitive guidance as to the expectations for corporate defendants seeking to gain cooperation credit The Serious Fraud Office (SFO), the UK authority responsible for prosecuting and investigating serious or com...

At the end of March, as the impact from the UK’s Coronavirus restrictions began to hit the criminal justice system hard, the CPS published an Interim Charging Protocol, agreed with the National Police Chief’s Council (the “Pro...

Since the outbreak of  the coronavirus pandemic just a few months ago, unfortunately we have seen a continuous rise in coronavirus related frauds targeting individuals, businesses and health authorities. Recent estimates suggest that already ov...

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Please click here to download our quarterly Fraud and Corruption Enforcement update. Here we provide a quick overview of the recent key developments relating to criminal investigations and e...

LSG Litigation regularly deal with cases involving mortgage fraud. The key to combating mortgage fraud is early detection, comprehensive and vigorous investigation and immediate recovery action. A Case Study In October 2008, we were instructed to...

On 28 May 2009 the Solicitors Regulation Authority announced to the legal profession that 11,000 law firms throughout England and Wales would receive warning cards alerting them to potential fraudulent activity. 130,000 of these warning cards have n...

“Can N40 billion be stolen when it did not exist? Is the payment of staff salaries and benefits, an act of corruption?" an official argues.

The post Alleged Fraud: We spent N22 bn on ‘salaries, services, debts’ — NDDC appeared first on Premium Times Nigeria.

Email scams are becoming more and more difficult to spot.  Hackers replicate genuine email traffic, posing as genuine suppliers providing invoices that appear genuine.  It is often only when the supplier chases on payment, which as far as...

Fraud squad detectives have seized a number of electronic devices and documentation as part of a massive international probe into a €1m invoice redirect fraud.

Prague Daily Monitor

A serial con-artist, defrauding women into thinking he was a CIA agent or a director of a shopping mall, has been captured by police in Kladno. The 47 year old man, wanted for another fraud he was convicted for, has a five year prison term outstanding. The man has several prior convictions, which in the past were also fraud related; an example: conning women out of money in Tábor area or around Prague, posing as a medical doctor.

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GURGAON: The managing director of real estate company Vigneshwara Group and two of his family members have been booked by Gurgaon Police in a multi-crore fraud case. Some estimates put the scale of the fraud at more than Rs 1,000 crore. Despite taking money from around 700 investors for properties in and around Gurgaon in 2006-07, and promising assured returns till possession, the group allegedly didn’t begin construction of some projects and defaulted on payments to investors. An FIR was filed at Sushant Lok police station against group MD Sunil Dahiya, his brother Sanjay and father Daryav Singh. Dahiya hasn’t been taken into custody yet because he complained of illness […]

CHANDIGARH: TDI Investors Association, which includes 70 member investors from Chandigarh, on Wednesday created a row, alleging that the owners had cheated them of Rs 150 crore. The association, in a press conference, alleged that a legal agreement was signed between the company and the members in 2005 after which they paid 80% of the cost for showrooms in the mall and were promised possession by 2008. The members blamed the company of not giving them possession till date and neither paying them the returns. The project includes 70 shops varying from 400 sq ft to 1,000 sq ft. TDI chairman Ravinder Taneja, however, trashed the allegations, blaming the authorities […]

The Weld County GOP chairman has filed a complaint with the local district attorney and the Secretary of State’s Office accusing an aide to Republican U.S. Rep. Ken Buck and three others of election fraud and corruption.

Elisabeth Bik is on a mission to detect duplicate images in scientific papers, exposing either genuine mistakes or signs of fraud. But her work isn't always appreciated, she says

Real estate insiders and experts said it is essential to develop strict penalties to combat those operating fraudulent property businesses to protect the legitimate rights of consumers and legitimate enterprises.

Follow our live Covid-19 updates HERE Coronavirus: The symptoms

Some companies are selling fraudulent products with claims to prevent, treat, mitigate, diagnose, or cure coronavirus.
Medscape Medical News

A DISABILITY support pensioner accused of ripping off Centrelink for $90,000 by claiming her long-term boyfriend was a housemate has pleaded not guilty to fraud charges.

Miami’s Phillip Frost, who built a $2.8 billion fortune in the generic drug business, was allegedly involved in a tawdry stock promotion scheme, the Securities and Exchange Commission says.

Jorge De Castro Font, 45, a former senator in the Commonwealth of Puerto Rico, pleaded guilty today to 20 counts of honest services wire fraud and one count of conspiracy to commit extortion.

A former employee of the New York Power Authority (NYPA) was sentenced today to serve 37 months in jail and to pay a $5,000 criminal fine for his role in a kickback and bribery scheme.

The former vice president of reinsurance of American International Group Inc. (AIG), was sentenced today to four years in prison for his role in a fraudulent scheme to manipulate AIG’s financial statements.

The owner and operator of HME Solutions Inc., dba Lifecare Medical (Lifecare Medical), a licensed pharmaceutical wholesale company in Miami, pleaded guilty today to defrauding the Medicare program in connection with a $5.3 million HIV-infusion fraud scheme.

A Las Vegas federal grand jury has returned an indictment charging Alan Rodrigues, a former pit boss and casino owner from Henderson, Nev.; Weston Coolidge, a businessman from Las Vegas; and Joseph Prokop, a former National Football League punter from Upland, Calif., with a tax fraud scheme for their promotion of a fraudulent tax product through the now defunct National Audit Defense Network (NADN).

A former lobbyist pleaded guilty today to conspiring with others to commit honest services fraud. Todd A. Boulanger, 37, pleaded guilty before U.S. District Judge Richard W. Roberts in the District of Columbia. According to court documents, Boulanger worked as a lobbyist from 1999 through 2004 with Jack Abramoff and others.

Two Florida homeland security vendor employees were sentenced today for conspiracy to commit wire fraud and honest services fraud by depriving their employers of money and the right of honest services, the Department of Justice announced today.

The United States has recovered more than $19 million from AMEC Construction Management Inc. (ACMI) to resolve allegations of fraud, false claims and kickbacks on four General Services Administration (GSA) construction contracts, as well as litigation over claims by the GSA for excess re-procurement costs incurred by GSA after it terminated ACMI’s contract to build the Thomas F. Eagleton United States Courthouse in St. Louis, Missouri. ACMI was formerly known as Morse Diesel International Inc.

Carlos Serrano, 64, of Glendale, Calif., was sentenced to 18 months in a community correctional facility in connection with a $1.3 million scheme to defraud the First International Bank of Connecticut (FIB) and the Export-Import Bank of the United States (Ex-Im Bank). In addition to his prison sentence, Serrano was placed on five years of probation and ordered to pay restitution of $924,569 to the Ex-Im Bank.

APL Limited has agreed to pay the government $26.3 million to resolve allegations that it submitted false claims to the United States in connection with contracts to transport cargo in shipping containers to support U.S. troops in Iraq and Afghanistan.

Six Miami-Dade County residents have been indicted in connection with an alleged $10 million Medicare fraud scheme operated out of Midway Medical, a Miami clinic that purported to specialize in treating HIV/AIDS patients.

Eduardo Cortez, a resident of Mays Landing, N.J., was sentenced to 36 months incarceration and three years of supervised release by U.S. District Judge Noel L. Hillman in Camden, N.J. According to his plea agreement, Cortez and his employees knowingly prepared false and fraudulent tax returns for customers that included false and inflated deductions, credits and adjustments.