An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of nearly $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Angelo Caloia, the former president of the Vatican bank (also known as the IOR), and his Italian lawyer, Gabriele Liuzzo, have been indicted by prosecutors in the Vatican on charges of embezzlement. Get the Full Story Complete the form to unlock this article and enjoy...
Equifax, the credit scoring company that’s embroiled in a massive data breach, expects costs from that to increase $275 million in 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
For their alleged roles in a massive stock fraud and money laundering scam involving a Picasso, the U.S. Department of Justice has criminally charged 10 defendants. Prosecutors named U.K.-based Beaufort Securities Ltd and two of its managers, among others, in the case, according to news...
Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Get the Full Story Complete the form to...
An internal auditor at a Mumbai branch of Punjab National Bank is accused of conspiring with other officials to defraud the lender of $2 billion, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The controversy surrounding Wells Fargo continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
Equifax, the credit scoring company embroiled in a 2017 data breach scandal, disclosed news on Thursday (March 1) that has identified 2.4 million more consumers in the U.S. whose partial driver’s license information was stolen. Get the Full Story Complete the form to unlock this article...
Reports out this morning indicated that a whistleblower inside Denmark’s biggest bank warned the institution that its Estonian branch was being used by members of the Putin family as a front for money laundering. That warning was reportedly in 2013. Get the Full Story Complete...
