fraud

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Report calls Kabul Bank a 'ponzi scheme'

Nov 29, 2012
A new report says that the now collapsed Kabul Bank in Afghanistan acted as a 'ponzi scheme.'
Posted In: afghanistan, bank, fraud, ponzi scheme

HP blames quarterly loss on Autonomy fraud

Nov 20, 2012
Hewlett Packard says fraud is behind the big quarterly loss it unveiled this morning. The personal computing company is writing down $9 billion because of what it calls financial "misrepresentations" by a company it acquired last year.
Posted In: Meg Whitman, Hp, Hewlett-Packard, fraud

Defending yourself against fraud after a disaster

Nov 2, 2012
Disasters leave people vulnerable to more than just damage on their homes. After hurricanes and other crises, fraudsters hit the streets -- and the Internet -- to try to cheat people out of their money. How can you protect yourself?
Posted In: fraud, disaster, Hurricane Sandy

Poker players expect big payout from online Ponzi scheme

Aug 1, 2012
Some online poker players are expecting a big payout soon, thanks to a multi-million dollar settlement between the Justice Department and two online poker companies. The companies were accused of running a Ponzi scheme.
Posted In: Tech, lawsuit, fraud, ponzi scheme, poker, online, payout

Obama administration takes initiative against health care fraud

Jul 26, 2012
Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius are spearheading an effort to fight against health care fraud by teaming up with private insurers.
Posted In: health care, fraud

Why scammers like seniors

Jul 13, 2012
Seniors are a prime target for scams, because they are less likely to report a scam. Learn why seniors are afraid to report fraud cases and how to avoid getting hoodwinked.
Posted In: fraud, Crime, senior citizen

Can big fraud settlements curb corporate misdeeds?

Jul 11, 2012
Commentator Robert Reich says top officials need to feel the heat in order to change corporate behavior.
Posted In: GlaxoSmithKline, fraud

GlaxoSmithKline reaches $3 billion settlement for fraud

Jul 3, 2012
GlaxoSmithKline, the huge British drug maker, will pay $3 billion in fines and compensation to the U.S. government and the states. According to the Justice Department, it's the biggest settlement in a health-care fraud case in history.
Posted In: GlaxoSmithKline, health care, pharmaceuticals, fraud

Rule encouraging whistleblowers to come forward

Mar 13, 2012
Whistleblowers at American corporations are sending thousands more tips to the Securities and Exchange Commission to take advantage of a program that can make turning in your employer more lucrative than winning the lottery.
Posted In: whistleblowers, banking, fraud, Dodd-Frank law

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