Today’s Fraud News from around the world:
Corruption in the City: Pinning down a company’s criminal accountability: This summer marked 10 years since the UK Bribery Act 2010 came into force. Amongst many new powers granted under The post Corruption in the City: Pinning down a company’s criminal accountability …: “Fraud” – BingNews
Lessons from the Greensill affair: Probably much worse is that at the start of 2020 he might have been expecting his fortune to increase by as much as £200m through his stake in Greensill Capital. This prospect disappeared when …: “Fraud” – BingNews
Explainer: How Robinhood’s Public Listing Ups The Regulatory Stakes: Robinhood Markets Inc’s highly anticipated public listing will subject the company to onerous new regulatory demands – a weak spot for the fast-growing online broker.: “Fraud” – BingNews
Vatican fraud trial adjourned until October: A landmark Vatican fraud trial involving a cardinal has been adjourned until October.Cardinal Angelo Becciu and nine others face charges of embezzlement and abuse of office.They deny any …: “Fraud” – BingNews
St Leonards man jailed for 10 years for string of offences: Thanks to the swift work of our officers he was quickly taken into custody following his latest offences and this conviction shows that criminals who bring fear and harm to our …: “Fraud” – BingNews
Disgraced Hedge Funder’s One-Of-A-Kind Wu-Tang Clan Album Sold By U.S. For Reported .2M: The one-of-a-kind Wu-Tang Clan album Once Upon a Time in Shaolin – previously owned by disgraced hedge fund manager Martin Shkreli and seized three years ago by federal prosecutors – has been sold by …: “Fraud” – BingNews
Bride, 28, kills herself after fearing that her wedding to ‘possessive’ fraudster convicted of £12 million insurance scam was a SHAM and hearing that he was still married to …: Daniela Stepien, 28, from Burnley, was found dead by suicide on August 8, 2020, after her husband Rezwan Javed, 41, left her. He was previously jailed for one of the UK’s biggest insurance frauds.: “Fraud” – BingNews
Dani Dyer puts controversies behind her as she enjoys getting glammed up: Dani Dyer looked stunning as she got her hair and makeup done for a photoshoot, which comes after a difficult few weeks for the Love Island star …: “Fraud” – BingNews
Huge Microsoft survey finds young are more likely to fall for tech support scams: Millennial and Gen Z Windows users are at the highest risk of being tricked by fraudsters posing as Microsoft staff who use fake customer chat pop-ups …: “Fraud” – BingNews
Wilko worker tweaked orders to steal customers’ goods: Maxwell, 49, of Markham Place, Mansfield, made minor changes to customer details by missing a digit or phone number or writing an email address with “con”, rather than “com”. Nottingham Crown Court …: “Fraud” – BingNews
Fraud Prevention Tip: Scrutinise the payment methods – As an online retailer you need to know the types of payment methods and their pros and cons in terms of your business. For example regular credit cards (AMEX) tend to favour the cardholder in disputes (chargebacks sound familiar)? But they are still the most widely used payment method and you do have to look at the convenience of your customer. Paypal on the other hand is a more merchant friendly option and has advanced scam protection features and advanced machine learning capability that actively works to mitigate scam risk. On the other hand Paypal also authorises chargebacks it’s not totally fool proof. Cryptocurrencies are another popular payment method; the blockchain tech makes it nearly impossible for forced refunds and since there are records of all transactions it is undeniable by the customer. On the negative side the value of cryptocurrencies is quite volatile so what’s it worth today it might hold the same value the next day or it could be worth more.