Banks (Finance)
The Economic Offences Wing (EOW) of the city police has registered a second FIR against global tours and travel company Cox & Kings following a 284-crore fraud complaint filed by IndusInd Bank. The executives of the firm have been booked for payment default, cheating, criminal breach of trust, and forgery.
Banks (Finance)
Edward A. Levinson, a 50-year-old developer from Chesterfield, pleaded guilty to a bank fraud charge in federal court, admitting to triggering losses of between $7 million and $20 million. Levinson's guilty plea follows an indictment in January, which accused him of running a monetary shell game, lying to
Banks (Finance)
Edward Levinson, owner of various construction businesses, has pleaded guilty to bank fraud charges, resulting in over $14 million in losses to banks, subcontractors, and homebuyers. Levinson, who could have availed himself of bankruptcy protection, chose to make false statements to secure loans and cover his business's cash
Banks (Finance)
A Latvian national, Vladimirs Sergejevs, has been found guilty of attempting to defraud Barclays Bank through internet fraud. Alongside two other Latvians, Svetlana Dubrovska and Aleksandra Vladinovskis, Sergejevs was put on trial at Norwich Crown Court. The jury found Sergejevs guilty of trying to defraud the bank between March 22
Banks (Finance)
The 41st Parameter, a leading provider of agent-less, covert fraud detection and prevention solutions, announced that Gartner, a renowned industry analyst firm, has published a case study on the successful implementation of PhishingNet at HSBC Brazil. The report highlights PhishingNet's ability to covertly detect online fraud, pinpointing the
Banks (Finance)
Unions and the public are unfairly stigmatizing Scottish bank staff after a manager was convicted of fraud, while call centre employees in India have been accused of similar offenses. The Royal Bank of Scotland manager was sentenced to jail for obtaining millions in loans, but a parallel case in India
Banks (Finance)
An Indian call centre employee, Nadeem Kashmiri, has been arrested for allegedly stealing £233,000 from British bank accounts. The fraud hit 20 account holders in the UK, who were all informed and reimbursed by HSBC bank. The bank's security systems, in place since 2002, detected the fraud
Banks (Finance)
The rapid advancement of desktop publishing has led to a new growth industry: the counterfeiting of virtually undetectable fraudulent checks. This nefarious activity has been fueled by the widespread availability of inexpensive personal computers equipped with sophisticated graphics capabilities. According to experts, the cost of check forgery to the economy
