fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

FTC Returns $596K in ‘Phantom’ Payday Loan Scheme
FTC Returns $596K in ‘Phantom’ Payday Loan Scheme
April 07, 2016  |  Security & Fraud

The Federal Trade Commission said on Wednesday (April 6) that it would be mailing more than 1,700 checks — totaling more than $596,000 — to consumers who...

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Ex-State Street Execs Charged In Defrauding Scheme
Ex-State Street Execs Charged In Defrauding Scheme
April 06, 2016  |  Security & Fraud

The Justice Department said on Tuesday (April 5) that two executives of State Street, a Boston financial services firm — among the largest asset managers globally,...

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Senators Scuffle Over CFPB’s Payday Lending Regulations
Senators Scuffle Over CFPB’s Payday Lending Regulations
April 06, 2016  |  CFPB

In a bit of jousting just before the Consumer Financial Protection Bureau is slated to present a semiannual report to Congress, senators on both sides...

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Trump Hotels Reportedly Breached
Trump Hotels Reportedly Breached
April 05, 2016  |  Security & Fraud

Will there be a wall to keep out the data breaches? Amid primaries and nonstop media coverage, one Trump is proving victim to cyberattacks, perhaps,...

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DOJ Warns Of Increased Tax Fraud Threats
DOJ Warns Of Increased Tax Fraud Threats
April 01, 2016  |  Security & Fraud

The U.S. Department of Justice issued a serious warning to the public about the looming threats of fraudulent tax return processors and tax scheme promoters....

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Fraudsters Targeted 73 Percent Of US Companies Last Year
Fraudsters Targeted 73 Percent Of US Companies Last Year
March 31, 2016  |  Security & Fraud

Fraudsters may have their sights set on American companies. New research by the Association for Financial Professionals (AFP) found that almost three-quarters (73 percent) of...

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FTC Halts Payday Loan Debt Scheme
FTC Halts Payday Loan Debt Scheme
March 31, 2016  |  Security & Fraud

The Federal Trade Commission said Wednesday (March 30) that it requested, along with the Illinois attorney general, and was granted, a request from a federal court to halt...

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