Dec 5, 2014

Kenya arrests 77 Chinese in alleged hacking case

Police in Kenya are consulting technical experts to determine if 77 Chinese nationals arrested with advanced communications equipment in several houses in an upscale Nairobi neighborhood were committing espionage, an official said Thursday. The Chinese were arrested since the weekend with equipment that Kenya’s ...

Dec 1, 2014

Remittance fraud cases set new record in first 10 months of 2014

The amount of money stolen in “furikome” (remittance fraud) cases came to about ¥29.395 billion from January to October, breaking the annual record, the National Police Agency said Monday. In the 10-month period, so-called “It’s me” fraud and billing fraud cases accounted for 92 ...

Banking culture fosters dishonesty

Nov 29, 2014

Banking culture fosters dishonesty

by Richard Ingham

A cesspool of fraud and lies in the banking industry has come to light since the financial crisis of 2008, raising questions about how such rogue behavior could have happened. What caused traders, asset managers and others in the money business to behave dishonestly? ...

Nov 27, 2014

Iran arrests beggar with thousands in pockets, more in bank

A beggar arrested in Iran on Wednesday had millions of rials (thousands of dollars) in his pockets and a great deal more in two bank accounts, an official said. The unidentified 64-year-old, a former street vendor, was stopped by a police patrol cracking down ...

Nov 21, 2014

SEC halts trading in four firms tied to Ebola cure scams

U.S. regulators on Thursday suspended trading in four small over-the-counter stocks of companies that they said have been touting the development of products to prevent or treat the Ebola virus, and warned investors to beware of similar scams. The Securities and Exchange Commission said ...

Creative crooks stay one step ahead

| Nov 15, 2014

Creative crooks stay one step ahead

by Mark Schreiber

The “Ore, ore” (“It’s me”) fraudsters and their ilk, who telephone elderly people and pretend to be a relative in need of money to help them out of a jam, keep coming up with new scams. One might say Japan is a target-rich environment. ...

Global banks fined billions for rigging market

Nov 13, 2014

Global banks fined billions for rigging market

Traders with nicknames like the “Three Musketeers” and the “A-Team” plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients — and then congratulating themselves for their brilliance — regulators said Wednesday, as they fined five banks ...

Nov 12, 2014

Rola's father indicted over medical benefit fraud

Japanese prosecutors charged the father of fashion model and TV personality Rola for fraud involving medical benefits on Wednesday. According to the indictment, Bangladeshi national Jurip Al-Asa, 54, swindled the municipal government of Tama in western Tokyo out of around ¥980,000 (about $8,500) in ...