fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Kodak Cleared Of Insider Trading Violations, Stock Soars
Kodak Cleared Of Insider Trading Violations, Stock Soars
September 16, 2020  |  Business

An independent review has cleared Eastman Kodak Co. CEO James Continenza of insider trading involving a $765 million government loan to manufacture prescription medication ingredients...

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Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll
Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll
September 16, 2020  |  News

In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of...

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Deep Dive: How College Onboarding Is Getting A Remote Push During The Pandemic
Deep Dive: How College Onboarding Is Getting A Remote Push During The Pandemic
September 16, 2020  |  Digital Onboarding

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money
Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money
September 16, 2020  |  Security & Fraud

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. Get the...

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Bitcoin Daily: India Eyes Crypto Trading Ban; Japanese Crytpo Exchange Sues Binance Claiming It Accepted Hacked Funds
Bitcoin Daily: India Eyes Crypto Trading Ban; Japanese Crytpo Exchange Sues Binance Claiming It Accepted...
September 15, 2020  |  Bitcoin

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. Get the...

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Decisioning AI Targets Friendly Fraud
Decisioning AI Targets Friendly Fraud
September 15, 2020  |  Fraud Prevention

Such immense effort is expended fighting determined fraudsters that it’s easy to minimize friendly fraud — a frustrating state of affairs that leaves financial institutions...

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Biometric ID Gains Trust Via Transparency
Biometric ID Gains Trust Via Transparency
September 15, 2020  |  Authentication

PYMNTS’ research finds that more than 65 percent of consumers used digital channels to open accounts in the past year. That’s not so much a...

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Ernst & Young CEO Expresses Regret Over Wirecard
Ernst & Young CEO Expresses Regret Over Wirecard
September 15, 2020  |  Security & Fraud

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG, the bankrupt German payment company....

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Report: Digital ID’s Role In Boosting Trust In The Sharing Economy
Report: Digital ID’s Role In Boosting Trust In The Sharing Economy
September 15, 2020  |  Authentication

More than 32 million U.S. consumers move every year, with the major moving season ending in September. Consumers who use storage sharing platforms to stash...

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