Ex-NASA worker, planetary scientist and physicist, Stewart Nozette was today sentenced to 13 years in prison for attempted espionage, conspiracy to defraud the United States and tax evasion.
In court the Federal Communications Commission has charged 26 people with defrauding the agency of "tens of millions of dollars" from its program that lets people with hearing disabilities to communicate with hearing individuals through the use of interpreters and Web cameras.
This guy was a one man Internet fraud machine. Not only did he sell cars on eBAy and AutoTrader.com that he didn't actually own but then tried to defraud folks via a Xerox copier scam.
Online fraud and other computer schemes cost the US $265 million-up from $239 million in 2007 or an average of average individual loss was $931. The FBI said 275,284 complaints were received in 2008 by the Internet Crime Complaint Center (IC3), and the National White Collar Crime Center (NW3C),-up...
The Federal Trade Commission this week urged congress to adopt pending legislation and bolster the agency's power to further protect consumers from unscrupulous prepaid phone card marketers. FTC Chairman William Kovacic told US House Subcommittee on Commerce, Trade and Consumer Protection that the...
Well here’s a new take on an old scheme. The Internet Crime Complaint Center (IC3) today issued an alert about emerging e-mail schemes containing various versions of fraudulent refund notifications purportedly from the IC3 and the government of the United Kingdom.
While the Federal Bureau of Investigation can claim success against all manner of fraud in the US, the number of cases and the shear volume of lost money is obviously a tidal wave that is only barely held back.
The government’s Corporate Fraud Task Force celebrated its 5th anniversary today by announcing some very scary figures: since its inception on July 9, 2002 it has convicted 1,236 executives, including 214 chief executive officers and presidents; 129 vice presidents, 53 chief financial officers;23...
Not exactly what you want hear about your tax preparer: The US Justice Department this week filed a civil injunction suit seeking to bar East St. Louis, Ill., resident Mary Powell from preparing federal tax returns for others. According to the government complaint filed in U.S. District Court in East...
Executive stock options many times lead to increased company financial fraud. A study released today says companies whose management incentives consisting mainly of stock options strongly increase the likelihood of financial shenanigans. The authors examined financial restatements prompted by accounting...
Former DoD civilian employee and former member of the California Army National Guard, Jesse Lane Jr today pleaded guilty to defrauding the United States and conspiring with four other individuals to do the same, by accessing a government computer to set up thousands of dollars in fraudulent payments,...
Could a social system where a community of users could rank the quality and security of a Website be effective at controlling phishing, fraud and in general disreputable sites from damaging the Internet and the society that uses it? Professor Audun Josang of the Queensland University of Technology thinks...
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