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Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
In February 2005, Moshe Leichner and his son Zvi [50] were sentenced to 20 years in federal prison for running a Ponzi scheme [51] [52] that defrauded hundreds of investors out of more than $95 million [53] for investors of GunnAllen Financial [54] (shut down by regulators in March 2010 for fraud allegations and losses related to another Ponzi ...
This required an exponentially growing number of investors to afford the lease payments. The fraud was the largest corporate scandal in German history and caused financial damages of about 4.9bn DM (≈€3.3bn). Equitable Life Assurance Society: United Kingdom: 8 Dec 2000: Insurance
Here’s a timeline of the key moments in the case: 8 July 2015 – Stephen Smith, 19, was found dead in the middle of a road in Hampton County, South Carolina. The openly gay teenager had ...
Crown lawyers at this fraud trial of three former Nortel Networks executives say the men defrauded the shareholders of Nortel of more than $5 million. According to the prosecutor this was accomplished by engineering a financial loss in 2002, and a profit in 2003 thereby triggering Return to Profit bonuses of $70 million for top executives.
Here’s a timeline of the key moments in the case: 8 July 2015 – Stephen Smith, 19, was found dead in the middle of a road in Hampton County, South Carolina. The openly gay teenager had ...
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Fraud and financial crime patterns have become more digital and faster changing, leveraging the underlying characteristics of the underlying digital payments infrastructures. This caused traditional rule based systems to be ineffective and led the way to machine learning and AI-based fraud detection techniques.