A global ring of thieves drained $40 million from ATMs worldwide in less than 24 hours.
A federal judge orders Allen Stanford, perpetrator of a massive Ponzi scheme involving fake CDs, to pay $6.7 billion in penalties.
The Financial Fraud Enforcement Task Force secured a guilty plea in a $100 million scheme to obtain fraudulent Small Business Administration loans.
Some banks are now giving checking account holders the ability to shut down a debit card on their account through their smartphone app.
A husband and wife in Orange County, Calif., is sentenced to prison in connection with a $4.7 million federal bank fraud.
FICO names California, Florida and the Northeast as the nation’s ATM fraud hot spots.
The FBI estimates that in 2012, the cost of Medicare fraud ranged from $75 billion to $250 billion.
Investors who profited from Allen Stanford’s CD Ponzi scheme got some bad news Monday. They’ll have to pay their CD yields back. From David Lee at Courthouse News Service: Hundreds of investors who earned interest on the phony certificates of deposit in R. Allen Stanford’s Ponzi scheme cannot keep those profits, a federal judge ruled.
Keep your former employers informed of your whereabouts, or you could conceivably lose your retirement funds.
Criminals use checking accounts and a weakness in Citibank’s computer systems to steal $1 million from the megabank in 60 seconds.