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fraud

Case Summary: 

Americans Rodney Hesson, 47, and his mother, Gertrude Parker, 63, together owned eight psychological services companies that operated in Louisiana, Mississippi, Florida, and Alabama. Hesson's companies operated as Nursing Home Psychological Services, and Parker's companies operated as Psychological Care Services.They were part of a 2015 sweep that netted more than 240 medical professionals.

Healthcare / Medicare fraud
World Money Laundering Report

Adriana Pinnisi of California has been charged with theft from her employer by using her corporate credit card. The case raises a number of fascinating money laundering related issues.

Case Summary: 

Two men in the USA claimed to run a fund trading in gold option in Japan. The scammed friends for almost three million dollars, which, on conviction, one of them has been ordered to repay in full.

Securities fraud
World Money Laundering Report

National Australia Bank was a victim of a scheme under which a former employer secretly transferred financial planning clients to a company he joined, according to charges filed against him.

Editorial Staff
BIScom Subsection: 

The US Department of Justice has charged four men from a district of California known as "the Inland Empire" with a range of tax offences that, it is alleged, generated substantial revenue by making false tax claims in the names of innocent individuals. It's time governments started doing effective KYC.

We love, really love, the most ludicrous spam-scams we can find and this one is an absolute classic of its type.

Editorial Staff
BIScom Subsection: 

There's a lot of talk about KYC when accounts are opened but a general lack of concern over accounts once they are established. The director of a company in liquidation has pleaded guilty to a fraud that could only have taken place because someone wasn't paying enough attention.

Editorial Staff
BIScom Subsection: 

Long long ago, there was a phrase circulating among money laundering investigators that in every money laundering scheme, there is a lawyer. The Financial Conduct Authority, in an action in the Central Criminal Court, has proved that you can't run a property fraud unless someone is doing the paperwork and, in the UK, that's likely to be a solicitor.

Case Summary: 

It might seem an unlikely financial crime but in effect that's what it was: a scheme to get free sex from prostitutes by means of fraud. Prosecutors stopped short of charging him with rape (although his actions arguably negated the consent the women gave) but did charge him with obtaining sex by coercion. But that was only one of his charges.

Other financial crime
World Money Laundering Report

Case Summary: 

The owner of a laboratory will be jailed after pleading guilty to defrauding insurance companies for medical tests that were never performed in a fraud that depended on duping multiple people.

Healthcare / Medicare fraud
World Money Laundering Report

A form of scam spam has come to our notice this morning. It is unusually convincing and clever.

It purports to come from Scotia Bank's secure e-mail service but, obviously, it does not.

Details below.

Editorial Staff
Publication: 

The stories of people using genuine documents with false details are legion. But this one has a twist, as they say in TV land.

It's bizarre. A press release received today headed "Attorney General Xavier Becerra Announces Settlement With Western Union For Wire Fraud Scams, Encourages Victims to Come Forward" refers to a case that the US Department of Justice announced settled on 19th January this year under the headline "Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits USD586 Million in Settlement with Justice Department and Federal Trade Commission." In the DoJ announcement it says that the California settlement is part of the overall deal. However, there is some interesting...

Editorial Staff
BIScom Subsection: 

Case Summary: 

Intra-community crime is a particular problem amongst migrant groups who trust those of a similar background who have already arrived and, seemingly, made some success in their chosen destination. All too often, unfortunately, the new arrivals fall into the hands of fraudsters and, even, organised crime gangs. In California, where Mexicans are a significant immigrant group, the pickings can be lucrative. But they don't always get away with it.

Consumer fraud
World Money Laundering Report

There's a whole industry, across the world, that charges fees for doing things you can easily do for free and which give you the impression, whilst not actually saying so, that you need their services to obtain your rights. One is the domain name registration scam, that appears in several variants.

Here's today's.

Editorial Staff
Publication: 

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