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Bank Fraud

Zach Carter

What Do Chase Bank, Condoms, The Tea Party, And Petty Fraud Have In Common?

HuffingtonPost.com | Zach Carter | Posted 03.31.2014 | Politics

In mid-March, a division of JPMorgan Chase rejected an application to process payments for the fledgling New York City condom company Lovability, citi...

U.S. Plans New Bank Fraud Cases In Early 2014

Reuters | Posted 02.03.2014 | Politics

(Adds details from interview) By David Ingram WASHINGTON, Dec 4 (Reuters) - The U.S. Justice Department plans to bring ...

Not Going Down Without A Fight

Reuters | Posted 01.23.2014 | Business

(Corrects fifth paragraph to show that the lower court dismissed only a portion of Black Diamond's breach of contract claim) By Josep...

The Great Eviction

Laura Gottesdiener | Posted 10.01.2013 | Business
Laura Gottesdiener

Since 2007, the foreclosure crisis has displaced at least 10 million people from more than four million homes across the country. They add up to approximately the entire population of Michigan.

Banks Sues Client Over Wire Fraud

Robert Siciliano | Posted 08.06.2013 | Crime
Robert Siciliano

Banks usually have relatively secure systems to maintain and protect online banking activities. They've spent billions to ensure that criminal hackers...

Cyber Crime Is Getting Everyone's Attention Now

AP | By PAISLEY DODDS | Posted 02.13.2014 | Technology

LONDON (AP) — International law enforcement agencies say the recent $45 million dollar ATM heist is just one of many scams they're fighting in an un...

Eleazar David Melendez

Federal Regulator Issues Tiny Fine For Financial Companies Engaged In Massive Fraud

HuffingtonPost.com | Eleazar David Melendez | Posted 04.04.2013 | Business

For more than a decade, four mortgage insurance companies paid illegal kickbacks to banks as part of a scheme that greatly inflated insurance costs fo...

'Pervasive' Fraud by Our 'Most Reputable' Banks

William K. Black | Posted 04.30.2013 | Business
William K. Black

A recent study confirmed that control fraud was endemic among our most elite financial institutions. The key conclusion of the study is that control fraud was "pervasive."

Eleazar David Melendez

Banks Could Owe HOW MUCH For Housing Boom Fraud?

HuffingtonPost.com | Eleazar David Melendez | Posted 02.26.2013 | Business

A verdict delivered earlier this month by a prominent federal judge heightens the prospect that the nation’s largest financial institutions will be ...

Two New Fraud Deals Show Wall Street's Washington Insiders at Work

Richard (RJ) Eskow | Posted 03.09.2013 | Politics
Richard (RJ) Eskow

It must've been like old home week when the old gang of Wall Street and Washington insiders finalized a couple more cushy settlements last week. But there was an empty chair at the negotiating table. That chair belongs to you, and it belongs to me.

Massive Bank Cyber Attack Threat Deemed Credible In New Report

The Huffington Post | Katherine Bindley | Posted 12.13.2012 | Money

A potential cyber attack against 30 U.S. banks known as Project Blitzkrieg has been deemed a credible threat by a report released from the security so...

Big Bank Firing Unethical Traders

AP | Posted 12.04.2012 | Business

FRANKFURT, Germany (AP) — German media report that Deutsche Bank AG has put at least five of its traders on indefinite leave as part of an effort to...

Here's The Secret To Picking A Fool-Proof ATM PIN

The Huffington Post | Meredith Bennett-Smith | Posted 09.20.2012 | Money

The four digit number combination that controls access to your bank account may be less secure than you think, according to researchers at the data an...

One Man's Alleged Scheme Caused An Entire Bank To Fail

AP | Posted 10.25.2012 | Business

NORFOLK, Va. — A southeast Virginia developer and restaurateur is facing up to 20 years in prison after pleading guilty to federal bank fraud ch...

Pair Sentenced In $50 Million Banking Conspiracy

AP | Posted 02.13.2014 | Money

A federal judge on Monday sentenced two men to decades in prison for their roles in a $50 million bank fraud conspiracy that authorities say spanned s...

Jury In Citigroup Fraud Case Makes Unusual Request

Posted 08.06.2012 | Business

A New York jury that voted not to convict a former mid-level Citigroup official of financial fraud made clear last week that it thought the real culpr...

Iran Sentences 4 To Death For Bank Fraud

Reuters | Posted 07.31.2012 | World

DUBAI, July 30 (Reuters) - An Iranian court has sentenced four people to death for a billion-dollar bankfraud that tainted the government of President...

Internet Poker Site Owner Heading To Prison Over Bank Fraud

Reuters | Posted 09.22.2012 | Business

NEW YORK (Reuters) - An owner of Absolute Poker, one of the three largest Internet poker companies, was sentenced to 14 months in prison on Monday aft...

FBI Puts Out New Photos Of Missing Bank Director

AP | KATE BRUMBACK | Posted 09.19.2012 | Business

ATLANTA (AP) — Federal authorities have released new photos showing a missing south Georgia bank director on the day he disappeared last month. ...

If Bankers Took Steroids or Made Knockoff Handbags, They'd Clean Up Wall Street Tomorrow

Richard (RJ) Eskow | Posted 09.11.2012 | Politics
Richard (RJ) Eskow

Let's do the numbers. Number of seizures to recover counterfeit goods worth $178 million: 24,792. Number of arrests for crimes worth tens of billions in settlements and trillions in losses: Zero.

JPMorgan Chase Employee Allegedly Steals $100,000 From Man With Alzheimer's

The Huffington Post | James Sunshine | Posted 07.10.2012 | Business

Here's a new one: A JPMorgan Chase employee has been accused of taking advantage of a man suffering from Alzheimer's by pulling $100,000 from his bank...

How Wall Street Scams Counties Into Bankruptcy

Bloomberg View | William D. Cohan | Posted 07.02.2012 | Business

Bloomberg View: Lord knows we’ve had more than enough scandals ginned up by Wall Street over the years, and the message that banking executives p...

Ex-Bank CEO Sentenced To Six Years In Prison

The Huffington Post | Alexander Eichler | Posted 06.14.2012 | Business

In 2006, American Banker magazine named Jerry Williams one of its Community Bankers of the Year. Now Williams is headed to prison for six years. Some...

Zach Carter

Foreclosure Activist's Bank Can't Tell Her How Much She Owes

HuffingtonPost.com | Zach Carter | Posted 06.11.2012 | Politics

PROVIDENCE, R.I. -- Lynn Szymoniak's four-year foreclosure nightmare is finally over -- but the high-profile activist and attorney said she couldn't f...

The Bank Settlement's Flawed -- But Fight Bank Crime, Not Each Other

Richard (RJ) Eskow | Posted 04.11.2012 | Politics
Richard (RJ) Eskow

There are doors in this deal -- doors that lead to a better deal for homeowners and a chance at restoring justice. Progressives need to recognize that these doors exist, and then demand that our elected officials use them.