Aug 26, 2016

Russian convicted in masterminding global online theft ring

A federal jury convicted the son of a Russian lawmaker Thursday of hacking into U.S. businesses to steal credit card information and orchestrating an international online theft scheme that netted him millions of dollars. Jurors deliberated over two days before finding Roman Seleznev guilty ...

Three held over selling of curry restaurant waste as food

Jul 12, 2016

Three held over selling of curry restaurant waste as food

Three men were arrested Tuesday for allegedly selling beef cutlets that a major curry restaurant chain had intended to dispose of. There were identified as Kazuyuki Onishi, 75, head of a now effectively defunct industrial waste disposal company in Aichi Prefecture; Masao Okada, 78, ...

Japanese banks raise guard after ¥1.8 billion taken from ATMs

Jun 8, 2016

Japanese banks raise guard after ¥1.8 billion taken from ATMs

Japanese banks that lost some ¥1.8 billion ($16.5 million) when fake overseas cards were used at convenience store ATMs are scrambling to combat such fraud. Seven Bank, which operates ATMs in the 7-Eleven convenience store chain, halved its withdrawal limit to ¥50,000 from ¥100,000 ...

Japan an alluring target for Standard Bank ATM thieves

May 25, 2016

Japan an alluring target for Standard Bank ATM thieves

Criminals who stole millions of dollars from automatic teller machines across Japan in a three-hour spree probably chose the country because banks consider it a low fraud risk, security experts say. The gang used counterfeit Standard Bank credit cards to withdraw ¥1.4 billion in ...

May 16, 2016

Chinese tycoon admits $800m fraud in TV confession

The alleged mastermind of a scam that cost Chinese investors hundreds of millions of dollars lived in a penthouse flat featuring peacocks and fountains, reports said Monday after he was paraded on television confessing. Xu Qin, described as the “controller” of Zhongjin Asset Management ...

May 16, 2016

Vietnamese bank thwarts SWIFT message fraud

Vietnam’s Tien Phong Bank (TPBank) said Sunday it had thwarting a wire fraud attempt late last year. It said a third-party service it used to connect with the SWIFT global money transfers system may have been attacked by hackers. In an emailed statement, TPBank ...

Argentina's Kirchner charged with fraud, assets frozen

May 14, 2016

Argentina's Kirchner charged with fraud, assets frozen

Assets belonging to former Argentine president Cristina Kirchner were frozen Friday after she was charged with damaging national finances by manipulating the Central Bank’s exchange operations during her last months in office. Federal Judge Claudio Bonadio said it was “evident that the then president ...