Tag Archives | fraud

SEC: False tweets sent two stocks reeling in market manipulation

Today we know a bit more about what the US Securities & Exchange Commission regards as stock market manipulation. It has charged a Scottish man with securities fraud for using fake twitter avatars to drive the share prices on two listed stocks down. The charges are against James Alan Craig of Dunragit, Scotland. He is alleged […]

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BRU76 - 20031205 - BRUSSELS, BELGIUM : Illustration picture shows the logo of OLAF headquarter office at the Brussels Rue Joseph  II / Jozef II straat, the European office of anti-fraud office, Friday 05 December 2003.

EU budget hit for €1 billion in fraud

The EU Budget was subject to a staggering €901 m of theft last year. This is more than twice the figure of the previous year and that in turn was more than a third greater than fraud in 2012. The figures are disclosed in the recently released report of OLAF, the European Anti-Fraud Office (Office […]

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Image of male hacker wearing mask and using laptop while holding credit card to steal money through online transaction

Does anybody believe banks’ figures?

Does anybody believe industry groups these days, let alone industry groups composed of bankers? The answer to that question, at the very least, is that you take their  claims with a very large pinch of salt. So when something called Financial Fraud Action (composed of the Cheque and Credit Clearing Company, Link, UK Cards, Dedicated […]

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Cynical fraud by do-gooders turned bad

The $1m bribe could have been used to buy more medicines for very many sick people in one of Africa’s poorest countries. Instead it was used to buy houses in some of London’s richest areas and line the pockets of two aid professionals Art Scheffer and Guido Bakker. These two Dutchmen had built up careers […]

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