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 ...

Apr 22, 2016

Taiwan wire fraud suspects have confessed, Chinese police say

A Chinese police official says all 45 Taiwanese wire fraud suspects detained in Beijing after their deportation from Kenya have confessed to their crimes and will be put on trial. The official Xinhua News Agency on Friday quoted Chen Shiqu of the Public Security ...

Apr 18, 2016

China steps up war of words with Taiwan over fraud suspects

China on Monday stepped up its war of words with Taiwan after Taipei freed 20 suspects in a telecom fraud case linked to China, with state media accusing Taiwan of tolerating crime and being taken hostage by anti-Chinese forces. Malaysia had deported the 20 ...

Apr 4, 2016

Pair's assets targeted over FX trading scam

The Nagoya District Public Prosecutor’s Office is set to seek a court order to freeze the assets of two individuals accused in a multibillion-yen currency investment fraud case, informed sources said Monday. The two, including Masaaki Ito, 48, the manager of an investment seminar ...