fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan

SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
August 04, 2020  |  Loans

Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange Commission (SEC), a...

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Deep Dive: How Virtual Cards Can Ease Firms’ Cash Flow, Fraud Pains During The Pandemic
Deep Dive: How Virtual Cards Can Ease Firms’ Cash Flow, Fraud Pains During The Pandemic
August 04, 2020  |  B2B Payments

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Will COVID And Fraud Finally Kill The Paper Check?
Will COVID And Fraud Finally Kill The Paper Check?
August 03, 2020  |  Digital Payments

PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity...

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Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M Crypto Scam; Alleged Twitter Teen Hacker Has $3M In Bitcoin
Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M...
August 03, 2020  |  Bitcoin

U.S. prosecutors are looking to give back $6.5 million in purportedly swindled cryptocurrency to “Banana.Fund” crowdfunding effort victims, CoinDesk reported. Get the Full Story Complete...

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FinCEN Warns Of COVID Scams Targeting FIs, Consumers
FinCEN Warns Of COVID Scams Targeting FIs, Consumers
August 02, 2020  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. Get...

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Chinese Regulators Prepare To Crack Down On Luckin Coffee
Chinese Regulators Prepare To Crack Down On Luckin Coffee
July 31, 2020  |  Security & Fraud

Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal...

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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers
Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers
July 31, 2020  |  Security & Fraud

Corporate travel manager CWT paid $4.5 million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers...

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Report: Reinventing The Bean-To-Bar Chocolate Supply Chain
Report: Reinventing The Bean-To-Bar Chocolate Supply Chain
July 31, 2020  |  B2B Payments

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FI Fraud Decisioning Outthinking Cyberthieves
FI Fraud Decisioning Outthinking Cyberthieves
July 30, 2020  |  Fraud Prevention

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. On the FBI’s Cyber...

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