Feb 1, 2016

China arrests 21 over $7.6 billion Ponzi scam

Chinese authorities have arrested 21 people on suspicion of defrauding around 900,000 people of more than 50 billion yuan ($7.6 billion), state media reported, after an online peer-to-peer lender turned out to be a giant Ponzi scheme. Ezubao offered investors annual returns of between ...

Jan 28, 2016

Fraud losses in 2015 decline for first time in six years

Losses caused by confirmed fraud cases in Japan fell 15.7 percent to ¥47.7 billion in 2015, declining for the first time in six years, the National Police Agency said Thursday. The losses in so-called special fraud cases, such as swindling people by impersonating their ...

Court takes steps to bring 'crying politician' to trial

Jan 25, 2016

Court takes steps to bring 'crying politician' to trial

The Kobe District Court took steps Monday to force a former lawmaker famous for weeping hysterically at a news conference in 2014 to show up for his trial for swindling political funds. It would be Ryutaro Nonomura’s first public appearance since his hysterical weeping ...

Dec 18, 2015

ID theft security firm LifeLock fined $100 million for lapses

A company that sells identity theft protection services agreed Thursday to pay a fine of $100 million for failing to protect consumer data in the largest settlement on record, officials said. The U.S. Federal Trade Commission said its settlement with LifeLock came after the ...

Dec 11, 2015

Perils of being honest illustrated in fake shampoo case

On paper, the reports were perfect, brilliant parries in the fight against fakes in China. There were phone numbers, dates, official agencies, photographs and a nice haul: over 120,000 packages of counterfeit anti-dandruff shampoo, plus seven vats of ingredients. There was one problem: None ...

Nov 29, 2015

Uzbek currency scammers latest to prey on elderly

The Consumer Affairs Agency has issued a warning about exchange rate scams involving Uzbekistan’s currency, the som, after people were fooled into paying about 2,000 to 3,000 times the actual rate. Since around September, local consumer centers have been fielding calls seeking advice and ...