2001 Company Fraud Operations 
PYMNTS
JULY 2, 2020
Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that is facing one of the country’s biggest accounting frauds, the Financial Times reported.
PYMNTS
AUGUST 19, 2019
Boston-based General Electric (GE) is defending itself against accounting fraud alleged by the same whistleblower who called out Bernard Madoff’s Ponzi scheme, Reuters reported on Monday (Aug. GE’s reported operating margins for the past three years are a negative 6 percent, lower than the historical average.
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PYMNTS
DECEMBER 26, 2018
and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. The firm agreed to pay $10 million after FINRA contended it had lapses in compliance for more than five years from January of 2001 until April of 2016. Local China Merchants Upbeat About 2019 Cross-Border Sales.
PYMNTS
SEPTEMBER 20, 2017
19) that it took action against Top Notch Funding and two individuals associated with the company. In a press release , the government watchdog contended the company and two individuals lied about loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds. “We
PYMNTS
MARCH 5, 2018
According to the AP, the Institute for Religious Works reported that Caloia and Luizzo were charged with embezzlement and self-laundering between 2001 and 2008. During that time, the bank disposed of a “considerable” portion of the real estate assets. The two were ordered to pay back the bank, noted the report.
PYMNTS
JANUARY 22, 2019
Those two regulations — already having an impact on the planning and operations of players in the payments, commerce and digital spaces — promise to significantly shape those worlds in the coming years, no doubt in ways that can barely be predicted now, as is the case with many laws and regulations. A Reckoning Approaches.
FICO
JULY 14, 2016
In another example, a Wall Street Journal article on terrorism financing said: “[Suspicious activity report] filings on customers—arriving at the rate of 55,000 a day—come largely from banks and money-service businesses, but also casinos, stockbrokers and insurance companies. And follow me on Twitter @FraudBird.
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