scandal

Madoff Whistleblower Has GE On The Defense
Madoff Whistleblower Has GE On The Defense
August 19, 2019  |  Security & Fraud

Boston-based General Electric (GE) is defending itself against accounting fraud alleged by the same whistleblower who called out Bernard Madoff’s Ponzi scheme, Reuters reported on...

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Facebook Slapped With $5B FTC Fine, But Still Has Lots Of Friends
Facebook Slapped With $5B FTC Fine, But Still Has Lots Of Friends
July 15, 2019  |  Payments Innovation

The most interesting story about Facebook since the Cambridge Analytica scandal broke is one that hasn’t really been written. And it’s the one about the...

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Grubhub Denies Allegations Of ‘Fake’ Web Domains
Grubhub Denies Allegations Of ‘Fake’ Web Domains
July 02, 2019  |  Delivery

Delivery giant Grubhub has been accused of creating websites for restaurants without their permission and trying to squeeze extra commission from it, according to a...

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Italy Fines Facebook $1.1M For Mishandling Data
Italy Fines Facebook $1.1M For Mishandling Data
June 28, 2019  |  Security & Fraud

An Italian data protection regulator hit Facebook with a fine of  €1 million ($1.1M) for violating local privacy laws in relation to the Cambridge Analytica...

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Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
June 11, 2019  |  B2B Payments

The former chairman of U.K. café chain Patisserie Valerie said he had no idea of any fraud occurring within the business, distancing himself from the...

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Allied Wallet Settles With FTC Over Fraud Charges
Allied Wallet Settles With FTC Over Fraud Charges
June 07, 2019  |  Security & Fraud

Allied Wallet, an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped...

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Feds Investigate QuadrigaCX’s $195M Crypto Mystery
Feds Investigate QuadrigaCX’s $195M Crypto Mystery
June 05, 2019  |  Security & Fraud

The case of the curious crypto exchange, and its quick collapse, deepens. Bloomberg reports that a slew of regulators and investigators are looking into QuadrigaCX’s...

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Irish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
Irish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
May 31, 2019  |  Loans

Ireland’s central bank announced that it has fined a state-backed mortgage lender €21 million for overcharging its customers. The fine against Permanent TSB, which is...

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FTC Split Over Facebook Settlement Delays Decision
FTC Split Over Facebook Settlement Delays Decision
May 24, 2019  |  Facebook

With a reported split between the Democrats and Republicans on the Federal Trade Commission (FTC), an anticipated settlement between Facebook and federal regulators related to...

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