bank fraud

Metro Bank Hit By More Fraud Probes
Metro Bank Hit By More Fraud Probes
May 31, 2019  |  B2B Payments

Two U.S. law firms have launched investigations into the U.K.’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in...

READ MORE >
Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’
Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’
April 18, 2019  |  Security & Fraud

An internal investigation at Deutsche Bank has found that it processed at least €175 million (nearly $197 million USD) in dirty money for Russian criminals...

READ MORE >
UK Bank TSB Will Issue Refunds To Fraud Victims
UK Bank TSB Will Issue Refunds To Fraud Victims
April 14, 2019  |  Security & Fraud

U.K. bank TSB said it would refund its 5.2 million customers who were the victims of an online fraud scam. According to a report in...

READ MORE >
SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist
SWIFT On Cybercrime’s Evolution Post-Bangladesh Bank Heist
April 11, 2019  |  Security & Fraud

Three years after fraudsters made off with $101 million from a Bangladesh bank, cyber threats have evolved, according to a new report by SWIFT.  The...

READ MORE >
Michael Avenatti Arrested For Bank, Wire Fraud
Michael Avenatti Arrested For Bank, Wire Fraud
March 26, 2019  |  Legal

Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort more than $20...

READ MORE >
Indian Jeweler Modi Denied Bail In $2B Bank Fraud Case
Indian Jeweler Modi Denied Bail In $2B Bank Fraud Case
March 20, 2019  |  Security & Fraud

Nirav Modi, an Indian jeweler accused of bank fraud to the tune of $2 billion, was denied bail in London, reported Bloomberg. According to the...

READ MORE >
Huawei CFO Charged With Bank Fraud
Huawei CFO Charged With Bank Fraud
January 29, 2019  |  Legal

U.S. prosecutors have filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud. In a 13-count indictment...

READ MORE >
US Regulators Urge Tech Innovation To Combat Financial Crime
US Regulators Urge Tech Innovation To Combat Financial Crime
December 04, 2018  |  Security & Fraud

Several regulatory agencies issued a joint statement Monday (Dec. 3) that urged banks to study and implement “where appropriate” methods that would bring innovate approaches...

READ MORE >
Bitcoin Daily: NY Woman Pleads Guilty To Bitcoin Bank Fraud For ISIS; Bitcoin Miners Could Call It Quits
Bitcoin Daily: NY Woman Pleads Guilty To Bitcoin Bank Fraud For ISIS; Bitcoin Miners Could...
November 27, 2018  |  Bitcoin

A New York woman has pleaded guilty and faces up to 20 years in prison for helping ISIS by carrying out an elaborate scam involving...

READ MORE >