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Washington's cynical misinformation game

Washington's cynical misinformation game | Fighting Fraud | Scoop.it
Commentary: the role of distortion in health care politics.
The Fraud Chronicles's insight:

It's sad when "pouring millions of dollars into deception-based campaigns designed to manipulate public opinion" is "one of the most effective ways to win votes and influence public policy"

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America revealed as top spot for China's 'naked officials'

Say you are a corrupt Chinese official and you want to flee to safety. Where do you go? Turns out the U.S. is a popular choice.
The Fraud Chronicles's insight:

China faces "practical difficulties in getting fugitives who fled to the US back to face trial"

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Hackers transform a smartphone gyroscope into an always-on microphone

Hackers transform a smartphone gyroscope into an always-on microphone | Fighting Fraud | Scoop.it
Apps that use your smartphone's microphone need to ask permission, but the motion sensors? No say-so needed. That might not sound like a big deal, but
The Fraud Chronicles's insight:

Motion sensors used as crude microphones present a possible Android security vulnerability.

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News - Features - G20: Time for an anti-corruption plan with sharp teeth

News - Features - G20: Time for an anti-corruption plan with sharp teeth | Fighting Fraud | Scoop.it
Transparency International is the global civil society organisation leading the fight against corruption.
The Fraud Chronicles's insight:

Transparency international says, "Stopping corruption and promoting economic growth go hand in hand" 

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Staged collisions a 'catalyst' for larger insurance fraud

Staged collisions a 'catalyst' for larger insurance fraud | Fighting Fraud | Scoop.it
Car crash scams are becoming increasingly sophisticated, investigators say, with the latest wrinkle involving groups stealing the identities of doctors to cash in on lucrative payouts for medical treatments.
The Fraud Chronicles's insight:

Organized crime "staged collisions" represent billions in insurance losses in the USA, Canada and Britain. KPMG estimates $1/6 Billion annual losses in Ontario alone.

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Hobbled IRS can't stem 'dark money' flow

Hobbled IRS can't stem 'dark money' flow | Fighting Fraud | Scoop.it
Budget and staffing cuts, endless congressional investigations keep IRS from investigating activities of political nonprofits.
The Fraud Chronicles's insight:

A 6-month investigation by the Center for Public Integrity reveals the U.S. IRS "exempt organizations division ... has all but quit regulating politically active nonprofits in any consistent, demonstrable way"

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Mock email scam at Justice Canada snares hundreds of bureaucrats | Toronto Star

Mock email scam at Justice Canada snares hundreds of bureaucrats | Toronto Star | Fighting Fraud | Scoop.it
An internal security exercise in the Justice Department shows almost 2,000 staff members were conned into clicking a phoney phishing link.
The Fraud Chronicles's insight:

Don't get caught in phishing scams! 37% of the people who received this mock phishing email clicked on the link.

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Saving the penny makes cents for zinc-backed front group

Saving the penny makes cents for zinc-backed front group | Fighting Fraud | Scoop.it
'Broad-based' group created to save the penny from extinction turns out to be backed by a company that supplies metal to make the coins.
The Fraud Chronicles's insight:

This disclosure issue raises red flags around Americans for Common Cents' Executive Director's role as lobbyist for a major provider of coin blanks for the penny.

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U.S. Accuses T-Mobile of Overbilling

U.S. Accuses T-Mobile of Overbilling | Fighting Fraud | Scoop.it
The Federal Trade Commission said the carrier made hundreds of millions of dollars from premium texting services that consumers never ordered.
The Fraud Chronicles's insight:

This is one of the largest cases ever filed against a major telecommunication company by the US Federal Trade Commission. It is alleged that T-Mobile has profited 35 - 40% from unauthorized third-party charges since 2009.

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An ethical mess in South Carolina

An ethical mess in South Carolina | Fighting Fraud | Scoop.it
A brutal political brawl even by Palmetto State standards.
The Fraud Chronicles's insight:

South Carolina's ethical stew raises "fundamental concerns about South Carolina's legislatively dominated government structure."

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Companies Suffer Corruption Fatigue, Data Says

Companies Suffer Corruption Fatigue, Data Says | Fighting Fraud | Scoop.it
Companies are putting out about the same effort to combat corruption and fraud, but executives believe the incidence of fraud is growing, suggesting some compliance fatigue may be setting in. According to EYs biannual global fraud survey, the number of U.S. executives who said that their company experienced a serious fraud doubled from 8 percent in 2012 to 16 percent in 2014. More survey results inside.

Via @MikeKenealy
The Fraud Chronicles's insight:

Is compliance fatigue settling in? Perceived fraud is rising according to EY's 2014 global fraud survey, while anti-corruption and fraud efforts have not grown.

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How an FBI informant orchestrated the Stratfor hack

How an FBI informant orchestrated the Stratfor hack | Fighting Fraud | Scoop.it
Previously unseen chat logs reveal that Hector “Sabu” Monsegur—not Jeremy Hammond—instigated the infamous cyberattack. 
The Fraud Chronicles's insight:

I stumbled across this following a tweet from Parmy Olsen, Forbes reporter and author of "We Are Anonymous". To quote Parmy: "The FBI may have been more involved in the 2011 Stratfor hack than originally thought"

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DriveTest employees charged with fraud

DriveTest employees charged with fraud | Fighting Fraud | Scoop.it
Two employees who work with DriveTest Ontario are among four people facing charges of fraud after Toronto police uncovered hundreds of false identities were being distributed.
The Fraud Chronicles's insight:

Synthetic Identities: This CTV News report from 2009 shows the tip of the "Synthetic Identity" industry's iceberg.

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Tax haven film world premiere at Toronto International Film Festival - Tax Justice Network

Tax haven film world premiere at Toronto International Film Festival - Tax Justice Network | Fighting Fraud | Scoop.it
We have just heard that Harold Crook’s (The Corporation, Surviving Progress) new film, entitled The Price We Pay, is to receive its world première on 5th September 2014 at the Toronto International Film Festival (TIFF). Featuring TJN’s director John Christensen and senior adviser Jim Henry, plus many other specialists on offshore financial flows, The Price …
The Fraud Chronicles's insight:

An unsettling "must view" film reveals the shattering cost of illegal wealth distribution through tax avoidance. 

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Tracking cross-border weapons trade with YouTube

How ICIJ's network and a video posted online helped uncover evidence of German-made guns in places they should never have been available.
The Fraud Chronicles's insight:

ICIJ reports on whistleblower-triggered investigation into alleged Sig Sauer contravention of German export law in delivering arms internationally. 

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Satyam founder ordered to pay back alleged accounting-fraud gains

Satyam founder ordered to pay back alleged accounting-fraud gains | Fighting Fraud | Scoop.it
India's securities regulator ordered the founder and former executives of Satyam Computer Services Ltd. to disgorge more than $300 million in alleged gains from an accounting scandal that came to light in 2009.
The Fraud Chronicles's insight:

This $300 million ruling against Satyam Computer Services Ltd's founder and ex-executives is welcome, but readers should note that in 2009 chairman Ramalinga Raju admitted to a $1.04 Billion overstatement (50.4 Billion rupees) in cash and loans receivable accounts.   

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News - Features - Unmask the corrupt

News - Features - Unmask the corrupt | Fighting Fraud | Scoop.it
Transparency International is the global civil society organisation leading the fight against corruption.
The Fraud Chronicles's insight:

Transparency International answers the question: "Who says secret companies are bad?"

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Staged collisions a 'catalyst' for larger insurance fraud

Staged collisions a 'catalyst' for larger insurance fraud | Fighting Fraud | Scoop.it
Car crash scams are becoming increasingly sophisticated, investigators say, with the latest wrinkle involving groups stealing the identities of doctors to cash in on lucrative payouts for medical treatments.
The Fraud Chronicles's insight:

Organized crime's staged car crash scams are a growing problem in USA, Canada, and Britain. KPMG estimates Ontario insurers alone lose $1.6B annually.  

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New Bank Leak Shows How Rich Exploit Tax Haven Loopholes

New Bank Leak Shows How Rich Exploit Tax Haven Loopholes | Fighting Fraud | Scoop.it
A secret list of account holders reveals how rich Britons are legally exploiting tax havens, despite a UK government crackdown.
The Fraud Chronicles's insight:

Channel Island bank leak to the ICIJ reveals both Britain's Conservative and Labour parties have benefited by political donations from Brits with significant deposits in Jersey tax haven.  

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Manhattan just another island haven for dirty money

Manhattan just another island haven for dirty money | Fighting Fraud | Scoop.it
Luxury Manhattan real estate has become a magnet for shady characters looking to funnel their wealth into the US.
The Fraud Chronicles's insight:

Once more, the International Consortium of Investigative Journalists shines light on the pathways of dirty money.

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The Ponzi Scheme Blog: June 2014 Ponzi Scheme Roundup

The Ponzi Scheme Blog: June 2014 Ponzi Scheme Roundup | Fighting Fraud | Scoop.it
Kathy Bazoian Phelps June 2014 Ponzi Scheme Roundup 

     Below is a summary of the activity reported for June 2014. The reported stories reflect: 7 guilty pleas or convictions in pending cases; over 139 years of newly imposed sentences for individuals involved in Ponzi schemes.

The Fraud Chronicles's insight:

Unfortunately investors are all too ready to believe in promises of better-than-market earnings. Check out Kathy Bazoian Phelps's monthly Ponzi scheme roundup for a reminder that the Ponzi scheme is (unfortunately) alive and well, and quite likely there's one operating in your neighborhood.

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Synthetic identities

Synthetic identities | Fighting Fraud | Scoop.it
Alarming trend represents the majority of all identity fraud: Thieves target real SIN numbers to create fake identities
The Fraud Chronicles's insight:

CBC Summary of Synthetic Identity fraud stats, comparison to true-name ID fraud, and description of vulnerabilities. In the USA: Synthetic Identity fraud represents 88% of all identity fraud events, and 74% of total dollars lost by US businesses. 15% of synthetic identity fraud attempts are not detectable on public record databases. What are the stats in other countries?

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Here are the 10 most corrupt states in America

Here are the 10 most corrupt states in America | Fighting Fraud | Scoop.it
New research takes a look at decades of corruption convictions to find the crookedest states in the union.
The Fraud Chronicles's insight:

University researchers estimate state level corruption costs $1,308 per capita in America's 10 most corrupt states.

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Execs say corruption widespread in Canadian business

Execs say corruption widespread in Canadian business | Fighting Fraud | Scoop.it
One in five (20%) Canadian executives believe bribery or corrupt practices happen widely in the country’s business

Via @MikeKenealy
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ICED: The Story of Organized Crime in Canada

ICED: The Story of Organized Crime in Canada | Fighting Fraud | Scoop.it
The Fraud Chronicles's insight:

An uncomfortable view at the shady side of Canada's underworld.

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