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.

New Report: Fixing The Global Fruit Supply Chain’s Broken Payments Problem
New Report: Fixing The Global Fruit Supply Chain’s Broken Payments Problem
July 08, 2020  |  Next-Gen AP Automation

Small- to medium-sized businesses (SMBs) must often cope with slim operating margins and limited resources, and these two pressures make it essential that they closely...

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Pandemic Scammers Robbed US Consumers Of More Than $77M
Pandemic Scammers Robbed US Consumers Of More Than $77M
July 07, 2020  |  Security & Fraud

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). Get the Full...

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FIs Advised To Be On The Lookout For Imposter Scams, Money Mule Schemes
FIs Advised To Be On The Lookout For Imposter Scams, Money Mule Schemes
July 07, 2020  |  Security & Fraud

The U.S. Treasury Department’s financial crime unit has alerted financial institutions (FIs) about imposter scams arising during the COVID-19 pandemic.   Get the Full Story Complete the...

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Deutsche Bank Forks Over $150M In Epstein, Foreign Bank AML Settlement
Deutsche Bank Forks Over $150M In Epstein, Foreign Bank AML Settlement
July 07, 2020  |  Legal

Deutsche Bank has agreed to a $150 million settlement with New York regulators over allegations that the giant German bank was effectively asleep at the...

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Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
July 06, 2020  |  Security & Fraud

Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently enveloping the company,...

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Probe Claims Luckin Coffee Chair May Have Known Of Discrepancies
Probe Claims Luckin Coffee Chair May Have Known Of Discrepancies
July 06, 2020  |  Security & Fraud

The head of Luckin Coffee Inc. knew or should have known about the accounting misconduct at the Beijing-based java chain, The Wall Street Journal reported. Get the...

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Bitcoin Daily: SEC Warns Consumers Of Crypto-Trading Scams; Hamilton FinTech Launches Jefferson Stablecoin
Bitcoin Daily: SEC Warns Consumers Of Crypto-Trading Scams; Hamilton FinTech Launches Jefferson Stablecoin
July 06, 2020  |  Bitcoin

To commemorate the Fourth of July holiday, Hamilton Fintech has launched the Jefferson Coin (JEF), according to a press release, a new stablecoin backed by...

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Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
July 05, 2020  |  Security & Fraud

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the...

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How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval
How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval
July 03, 2020  |  Next-Gen Debit

The shuttering and reopening of states' economies are causing seismic shifts in consumer behaviors. Tried and tested ways of catching fraudsters, such as comparing consumers'...

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