fraud – News Stories About fraud - Page 37

Italy Acquits Five in "God's Banker" Murder

Jun 6, 2007 9:17 PM CDT

Italy Acquits Five in "God's Banker" Murder

Judge cites insufficient evidence in 25-year-old mafia hanging

(Newser) - A judge in Rome exonerated five suspects on trial for the 1982 murder of Roberto Calvi, citing a lack of evidence. Calvi—known as "God's banker" for his closeness to the Vatican— was found hanged under Blackfriars Bridge in London in a presumed suicide. Newly discovered forensic evidence led...

Feds Nab Top Spammer, Predict Junk Mail Drop

May 31, 2007 7:48 AM CDT

Feds Nab Top Spammer, Predict Junk Mail Drop

One of world's "top 10" spammers jailed; used "zombie" computers to send out millions of junk emails

(Newser) - The feds arrested one of the world's worst spammers yesterday—a guy so prolific they claimed net-users worldwide would notice a drop in junkmail as a result of his detention. Robert Alan Soloway used infected "zombie" computers to send out millions of messages, and continued to do so even...

Violence Mars Philippine Vote

May 15, 2007 6:21 AM CDT

Violence Mars Philippine Vote

(Newser) - Violence, feuds and corruption charges have marred midterm elections in the Philippines. Three people were killed on election day yesterday, bringing the death toll for the three-month campaign to 110, the BBC reports. Opponents of President Gloria Macapagal Arroyo are trying to win enough seats in parliament to impeach her...

Credit Cards Take a Swipe at Identity Theft

May 2, 2007 1:39 PM CDT

Credit Cards Take a Swipe at Identity Theft

The secret agent take on fraud: passwords that self-destruct

(Newser) - Hello, Mission Impossible: Credit cards may soon feature tiny LCD screens that display a temporary password at the push of a button. The password, valid for only 30 seconds, is meant to deter online fraud and identity theft.

Baiters Turn Tables On
Scammers

May 2, 2007 10:39 AM CDT

Baiters Turn Tables On Scammers

Ron Rosenbaum reports on vigilantes patrolling the "scamosphere"

(Newser) - Revenge is a dish best served electronically, Ron Rosenbaum reports in an Atlantic expose on scam-baiting. A community of e-vigilantes has developed elaborate schemes to thwart the ruses of fake Nigerian princes with equally creative faux dupes. Scammers are punished by coaxing them into laborious and embarrassing tasks, like holding...

Feds Sue Tax
Preparers for Fraud

Apr 4, 2007 11:45 AM CDT

Feds Sue Tax Preparers for Fraud

(Newser) - Tax preparers Jackson Hewitt have bilked the government out of more than $70 million, alleges a suit filed yesterday by the Justice Department. The suit claims that over 125 of the company's franchises, all owned at least in part by the same Atlanta businessman, engaged in massive tax fraud.

Insurers Fighting Claims of Elderly

Mar 26, 2007 10:36 AM CDT

Insurers Fighting Claims of Elderly

“They’ll do anything to avoid paying, because if they wait long enough, they know the policyholders will die."

(Newser) - Elderly patients who bought long-term care policies are finding their claims denied by companies calculating that they don’t have the resources or the energy to fight and are likely to die before their cases are settled. An investigation by Charles Duhigg identifies insurance companies that reject coverage for the...

Ant Farm
Con Man
Gets Death

Mar 21, 2007 3:13 PM CDT

Ant Farm Con Man Gets Death

Fraudulent sales of "medicinal ants" earned him $400 million

(Newser) - A pyramid scheme built on an ant farm earned a Chinese entrepreneur over $400 million—and a death sentence. The sentence meted out to Wang Zhendong by a Chinese court last month is part of a nationwide crackdown on fraud. Wang swindled thousands of people by misrepresenting his wares as...

Newmark Brains Scammers

Mar 5, 2007 6:20 PM CST

Newmark Brains Scammers

Craig's List founder tracks online swindlers the old-fashioned way— brainpower

(Newser) - “We are not really that high-tech of a company,” the man who brought classifieds into the Internet age, Craig’s List founder Newmark, tells the New York Observer, explaining why he uses a combo of customer feedback and his own memory—instead of techie solutions like IP-address blockers...