Fraud & Scandals

Online Crimes – Nigerian Confraternities Emerge As Business E-Mail Compromise Threat

Culled—Proshare 16/5/2018/Crowdstrike Global Intelligence Team Business email compromise (BEC) is a form of fraud by which a team of cybercriminals convince victims to wire large amounts of funds or send valuable data to criminally controlled accounts; it is facilitated by the victim’s belief that they are actually being asked or […]

SEC Charges Three Former Healthcare Executives With Fraud

May 16, 2018/US SEC The Securities and Exchange Commission today announced fraud charges against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in the course of negotiating the private firm’s acquisition of a majority stake in Constellation. Houston-based Constellation […]

SEC Charges Owner of Alternative Investment Firm in Belize Airport Financing Scam

May 16, 2018/US SEC The Securities and Exchange Commission today charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize.  The SEC’s complaint alleges that between 2014 and 2017, Brent Borland […]