Tag "Fraud"

Firm Cons Lenders Out of $1.5 Million – Caught with Interpol Red Notice

Scamming banks and lenders was part of the job for Johar Mirza, the 33-year-old boss of a firm who allegedly tricked banks by submitting false mortgage applications and conning lenders out of $1.5million. The four year scandal led to an

Read More

Former NASCAR Driver Receives Ticket for $15 Million Scheme

A former NASCAR driver is at the center of a $15 million fraud investigation, according to WSOCTV Brian Rose is accused of creating a fake coal mining company to get money from investors. Federal agents launched a massive investigation into Brian Rose after

Read More

Financial Fraud Caught More by Coworkers than Audits

Employee fraud hotlines are on the rise, according to a recent study by the Association on Certified Fraud Examiners (ACFE), companies should focus their attention monitoring employee fraud. One example in finance departments, reported from The American Genius, most misappropriation of funds occurs in the

Read More

Monster Energy Drink Advertisement Scam

Victims of the Monster Energy Drink scam report they received an email that informed them how to make a few hundred dollars per week. The scam was simple and sounded pretty cool if you’re a customer of Monster Energy Drink.

Read More

Fraud Alert: Woman ‘Invents’ 6 Children for Tax Benefits

A woman from the UK, who has been in jail for a year now, is facing time for inventing six children so she could claim extra state benefits on her taxes. Angela Callaghan, 42, admits to the offences and fraudulently claiming

Read More

Thousands of Fraud Cases Are Wrongly Recorded

There are one-thousand reasons why cases of alleged fraud and financial crime have been wrongly recorded in the last 18 months, according to the Yorkshire Post. Errors include the high profile case of the Kings Science Academy free school in Bradford

Read More

Miami Beach’s ‘Rock Doc’ Charged for Medicare Fraud

A Miami Beach physician, best-known as ‘Rock Doc’, was in denial during his sentence hearing for stealing millions from Medicare in fraudulent billing schemes. According to reports from the Miami Herald, a federal judge said he tried to give Christopher Gregory Wayne

Read More

5 Steps to Fight Off Fraud

Detecting fraud within an organization is the responsibility of several groups including: financial executives, boards of directors, audit committees, internal auditors and external auditors. Yahoo! Finance reports several ways to avoid complacency, and according to Crowe Horwath LLP, one of the largest

Read More

Scam Alert: Never Give Money to Get Money

Scam Alert: So what’s a person to do when they receive a letter claiming they have won unclaimed lottery monies with a check enclosed and payable to the recipient? Big Country goes on to explain… This is the question one unlucky

Read More

IRS Scam Continues Calling, Even After Tax-Filing Season

The tax scams continue to strike the IRS, successfully calling victims via telephone, showing no signs to stop striking. These con artists are going strong, targeting victims long after tax-filing season is over. The Today Show reports the IRS doesn’t see these

Read More