Bank Fraud

Cyber Crime Is Getting Everyone's Attention Now

AP | By PAISLEY DODDS | Posted 05.11.2013 | Technology

Read More: Phising, Bank Fraud, Video, Stolen Identity, Atm Hack, Identity Theft, Cyber Criminals, Credit Card Fraud, Cybersecurity, Viruses, Hacking, Ap, Hackers, Technology News

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...

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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...

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'Pervasive' Fraud by Our 'Most Reputable' Banks

William K. Black | Posted 04.30.2013 | Business

Read More: Fraud, Bank Fraud, Banks, Wall Street, Mortgage Fraud, Financial Fraud, Business News

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."

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Banks Could Owe HOW MUCH For Housing Boom Fraud?

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

Read More: Bank Fraud, Hsbc, Deutsche Bank, Ubs, Subprime Mortgages, Credit Suisse, Rmbs, Mortgage Crisis Lawsuits, Bank of America, Mortgage Crisis, Mortgage Fraud, Big Banks, Barclays, Residential Mortgage Backed Securities, Business News

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

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

Richard (RJ) Eskow | Posted 03.09.2013 | Politics

Read More: Bank Fraud, Foreclosure Crisis, Economy, Wall Street Reform, Banks, Bankers, Foreclosure, Securities and Exchange Commission, Wall Street, Promontory Financial Group, Politics News

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.

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Massive Bank Cyber Attack Threat Deemed Credible In New Report

The Huffington Post | Katherine Bindley | Posted 12.13.2012 | Home

Read More: Bank Fraud, Cyber Threat, Bank Accounts, Malware, Cyber Threats, Virus, Cyber Security, Computer Viruses, Project Blitzkrieg, Banks-Fraud, Viruses, Cyber Attacks, Trojans, Home News

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...

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Big Bank Firing Unethical Traders

AP | Posted 12.04.2012 | Business

Read More: Deutsche Bank Ethical Credibility, Deutsche Bank, Bank Fraud, Bank Ethics, Deutsche Bank Ethics, Video, Deutsche Bank Fraud, Bankers, Juergen Fitschen, Ap, Anshu Jain, Business News

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...

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

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

Read More: Atm Skimming, Safest Atm Pin, Bank Fraud, Worst Atm Pin, ATM Pin, Bank Security, Home News

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...

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

AP | Posted 10.25.2012 | Business

Read More: Bank Fraud, Video, White Collar Crime, Financial Crime, Thomas Arney Bank Fraud, Thomas Arney, Business News, Bank-of-the-Commonwealth, Financial Crimes, Business News

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

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Pair Sentenced In $50 Million Banking Conspiracy

AP | Posted 10.13.2012 | Home

Read More: Fraud, Bank Fraud, Video, Identity Theft Victim, Bank Conspiracy, Identity Theft, Julian Okeayaninneh, Bank Fraud Conspiracy, Olugbenga Temidago Adeniran, Identity Theft Ring, Home News

MINNEAPOLIS -- A federal judge on Monday sentenced two men to decades in prison for their roles in a $50 million bank fraud conspiracy that authoritie...

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Jury In Citigroup Fraud Case Makes Unusual Request

Posted 08.06.2012 | Business

Read More: Bank Fraud, Mortgage Crisis, Video, Wall Street, Jury, Housing Crisis, Citigroup, Business News

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...

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Iran Sentences 4 To Death For Bank Fraud

Reuters | Posted 07.31.2012 | World

Read More: Bank Fraud, Iran Bank Death Penalty, Iran Death Penalty, Iran Bank Fraud, Iran Bank Fraud Death Penalty, Iran, World News

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

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Internet Poker Site Owner Heading To Prison Over Bank Fraud

Reuters | Posted 09.22.2012 | Business

Read More: Bank Fraud, Brent Beckley, Internet Poker, Video, Absolute Poker, Reuters, Internet Gambling, Business News, Brent Beckley Sentenced, Business News

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...

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FBI Puts Out New Photos Of Missing Bank Director

AP | KATE BRUMBACK | Posted 09.19.2012 | Business

Read More: Bank Fraud, Aubrey Lee Price, Faked Suicide, Federal Bureau of Investigation, Fort Meyers, South Georgia, Fbi, Georgia, Florida, Atlanta, Ap, Video, Business News

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

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

Richard (RJ) Eskow | Posted 09.11.2012 | Politics

Read More: Bank Fraud, Banking, Banks, Wall Street Crisis, Banksters, Wall Street, Wall Street Reform, Politics News

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.

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

The Huffington Post | James Sunshine | Posted 07.10.2012 | Business

Read More: Bank Fraud, JP Morgan Chase, Video, Chase Bank, JP Morgan, Louisiana, Herman Lafayette, Alzheimer's, Bank Account, Theft, Business News

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...

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How Wall Street Scams Counties Into Bankruptcy

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

Read More: Junk Bonds, Bank Fraud, Merrill Lynch, JPMorgan Chase, Video, Wall Street, Bloomberg View, Jamie Dimon, CEO Compensation, Securities and Exchange Commission, Wall Street Corruption, Business News

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...

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Ex-Bank CEO Sentenced To Six Years In Prison

The Huffington Post | Alexander Eichler | Posted 06.14.2012 | Business

Read More: Financial Fraud, Bank Fraud, Florida Banks, Video, Naples Florida, Bank Failures, Orion Bank, Jerry Williams, Bank Shareholders, Naples, Financial Crisis, Florida, Business News

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...

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

HuffingtonPost.com | Zach Carter | Posted 06.11.2012 | Politics

Read More: Bank Fraud, Foreclosures, Ankerman Senterfitt, Foreclosure Crisis, Mortgage, Netroots Nation, Wall Street, Szymoniak, Lynn Szymoniak, Mortgage Crisis, Netroots, Banks, Foreclosure, Foreclosure Fraud, Politics News

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...

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

Richard (RJ) Eskow | Posted 04.11.2012 | Politics

Read More: Bank Fraud, Bank Settlement Deal, Foreclosure Crisis, Mortgage Crisis, Foreclosure Deal, Mortgage Settlement, Mortgage Deal, Foreclosure Settlement, Video, Politics News

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.

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Far From Wall Street, Banks Are Being Punished For Misdeeds

HuffingtonPost.com | Marcus Baram | Posted 02.07.2012 | Business

Read More: Bank Fraud, Thewatchdog, Watchdog Blog, Bank Crimes, Financial Crimes, Regulatory Blog, Wall Street, Northern Trust Bank, Business News

This story has been updated A former bank president faces 15 years behind bars after being found criminally responsible for fraud that "contributed...

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People Power vs. Banker Power: Score One For the People

Richard (RJ) Eskow | Posted 03.25.2012 | Politics

Read More: Bank Fraud, Tom Miller, Bank Settlement, Wall Street, Eric Schneiderman, Obama Administration, Foreclosure Fraud, Richard Trumka, Politics News

Patti Smith wasn't wrong when she sang that "People have the powe." We do have the power to win a battle or two, even against those guys on Wall Street. We have more power than we realize -- but only if we're willing to use it.

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Well Done, Mr. President! Now About That Foreclosure Fraud Settlement ...

Richard (RJ) Eskow | Posted 03.06.2012 | Politics

Read More: Richard Cordray, Bank Fraud, Foreclosure Settlement, Nlrb, Barack Obama, Foreclosure Fraud, Fair Settlement, Politics News

Congratulations, Mr. President. This week you followed your increasingly populist rhetoric with some decisive action on behalf of the middle class.

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That $335 Million BofA Settlement: The Good, the Bad, and the Very Ugly

Richard (RJ) Eskow | Posted 02.20.2012 | Politics

Once again, bankers have bought their way out of being investigated without even acknowledging their wrongdoing. Justice isn't served when that happens.

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Mr. President, Stop Protecting Bankers From These Law Enforcement Officials

Richard (RJ) Eskow | Posted 02.10.2012 | Politics

Read More: Curbing Wall Street, Bank Fraud, Tom Miller, Beau Biden, Foreclosure Settlement, Bank Crimes, Kamala Harris, Jack Conway, Catherine Cortez Masto, Eric Schneiderman, Martha Coakley, Foreclosure Fraud, Politics News

Lately we've been hearing some strong words from the President about Wall Street crime. But when the cameras and lights aren't around, his Administration's been working feverishly to protect bankers from state law enforcement officials.

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