News 

‘Bullying’ senior Tesco executives falsified profits in scam to boost salaries which saw £2bn wiped off supermarket’s value, court hears 

“The court heard about an “explosive” document called “the legacy paper” which was put together “almost secretly” by two employees who worked underneath Rogberg” writes Nicola Harley for telegraph.co.uk. She said Scouler tried to get one of the employees who helped compile it to “tone down” the legacy paper before anyone else saw it.”It was because of the legacy paper that this fraud came to light,” she said.She said Tesco had a name to conceal the failure of pulling forward, referring to it as “the legacy”.She told the jury about…

Read More
Crypto News 

The U.S. Dollar Is a Scam and Bitcoin Is the Future, Veteran Forecaster Predicts

“There is no more ‘In God We Trust,’ people are realizing the fiat money scam so we see bitcoin having a bright future,” Celente said in an interview” writes Daniela Cambone for thestreet.com. But Celente has a stern message for the banks, “bitcoin, is not going away anytime soon.”. Banks will continue to talk down bitcoin because it makes the system obsolete, says longtime trend forecaster Gerald Celente.”We see a positive future for gold – but it is going to take time,” Celente explained. Source: thestreet.com Share This:

Read More
News 

He said he was in love. She sent him money. Then he disappeared.

“Some Chinese business people had an oil rigging job that could net millions for his engineering business, but he needed money for the initial investment” reports washingtonpost.com. The money would be transferred to other accounts after being laundered, eventually enriching many in the scheme.Though cash from victims was laundered through their bank accounts, they weren’t found to have direct knowledge of the larger scam to romantically manipulate people for cash.Olusola Olla, 50, who was found guilty of conspiracy to commit money laundering and structuring financial transactions, must serve four years…

Read More
News 

Fresno airport officials warn against ‘family emergency’ scam

“published on September 19, 2017 – 9:56 AM Written by The Business Journal Staff Fresno Yosemite International Airport officials are warning of a scam that targets the families of travelers” reports thebusinessjournal.com. Called the family emergency imposter scam, it involves scammers posing as a relative of friend claiming they are being held by authorities at the Fresno airport, and are in need of a money wire to authorize their release.The goal of the scam is to trick people into sending money before they realize it’s a scam, according to the…

Read More
News 

Here Come the Equifax Scammers

“Just when you thought the Equifax data breach couldn’t get worse: The incident , which saw hackers steal personal data from at least 143 million people, is now inspiring scammers to try and steal even more information” reports fortune.com. While corporate executives rarely face significant consequences over data breaches, there is some hope the Equifax brass will be held publicly accountable.On Thursday morning, the Federal Trade Commission published a bulletin titled “Equifax isn’t calling,” and warned people to beware of phone calls impersonating credit bureau staff.Now, the arrival of a…

Read More
News 

Two Chinese executives get life in prison for $7.6 billion Ponzi scheme

“By the time police made arrests, Ezubao had failed to repay 38 billion Chinese yuan ($5.8 billion), Reuters reported” writes Huileng Tan for cnbc.com. Peer-to-peer lender Ezubao shut down last year after raising more than 50 billion Chinese yuan ($7.6 billion) from about 900,000 investors, Xinhua reported last year.Ding Dian, the brother of the chairman, was also sentenced to life and fined 70 million Chinese yuan ($10.7 million).He was also fined 100 million Chinese yuan ($15.3 million). Source: cnbc.com Share This:

Read More
News 

Sports radio host arrested in $5.6M ticket scam, Ponzi scheme

“A New York sports radio host faces fraud charges for engaging in a ticket-selling scam after accumulating gambling debts, authorities said Wednesday” reports thebostonchannel.com. But instead of purchasing tickets for resale, Carton and Meli allegedly misappropriated at least $3.6 million to repay earlier investors and cover such other expenses as Carton’s gambling debts.According to the SEC’s complaint, investors were falsely promised high returns from the price markups in ticket resales. Source: thebostonchannel.com Share This:

Read More
News 

University falls victim to email phishing scam, loses $9.5M to fraudsters

“Earlier this year, Google shut down a sophisticated phishing scam that targeted users by impersonating Google Docs” reports foxnews.com. University officials say that MacEwan’s IT systems were not compromised by the incident and that personal and financial information and all transactions made with the university are secure. Source: foxnews.com Share This:

Read More
News 

Essential customers are being hit with a phishing attack

“We sincerely apologize for our error and will be offering the impacted customers one year of LifeLock” writes Jimmy Westenberg for androidauthority.com. Yesterday, we made an error in our customer care function that resulted in personal information from approximately 70 customers being shared with a small group of other customers.We will also continue to invest more in our infrastructure and customer care, which will only be more important as we grow. I humbly thank our customers and channel partners for your patience and understanding as we proceed with the launch…

Read More