Tag: fraud
Evergrande fraud: China imposes record penalty on PwC for audit lapses
China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group. The…
Guardrails for growth: Fintech’s next big challenge of balancing innovation with prudent regulation at ET Soonicorns Summit 2024
Regulations and fraud were the dominant topics at the recently concluded Global Fintech Fest (GFF) 2024. For fintech founders, staying updated on regulatory changes and…
Mastercard wants to get rid of card numbers for online shopping to prevent online payment fraud
Mastercard Inc. is expanding its efforts to eliminate the use of credit card numbers when customers make purchases online in a bid to fight fraud….
MCA to remove around 400 Chinese online loans and jobs companies for harassing users and financial fraud: Report
The Ministry of Corporate Affairs (MCA) may strike off as many as 400 Chinese companies dealing in online loans and online jobs in 17 Indian…
Sam Bankman-Fried: Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced Thursday for his role in the 2022 collapse of…
Cheque fraud victims to get Rs 74 lakh from Axis Bank after 15 years long legal fight
Axis Bank was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay a collective amount of Rs 73.93 lakh (including compensation) to five individuals…
JPMorgan: Two former JPMorgan traders sentenced to prison for fraud
WASHINGTON: Two former precious metals traders at JPMorgan Chase (JPM.N) were sentenced on Tuesday for engaging in fraud, attempted price manipulation and spoofing, the US…
Bank of Ireland glitch allows some customers to withdraw up to 1000 euros -report
DUBLIN: A glitch with Bank of Ireland‘s online app allowed customers with no money in their account to transfer up to 1,000 euros ($1,090.20) into…
Indian-origin couple charged with committing forced labour in US
WASHINGTON: An Indian-origin couple has been charged in the US for allegedly subjecting an immigrant, who is their relative, to forced labour and physical abuse…
Indian brothers, fighting fraud charges at home, flourishing in Nigeria
At a ceremony in November, the Nigerian government celebrated the discovery of as many as 1 billion barrels of oil in the country’s arid northeast,…