2007 Capital Fraud Security 
PYMNTS
DECEMBER 9, 2019
Securities and Exchange Commission (SEC) revoked it for “a string of frauds,” according to the Global Trade Review. The SEC alleged that IIG perpetrated a Ponzi scheme beginning in around 2007. International Investment Group (IIG), which provides loans to small and medium-sized businesses (SMBs), lost its license after the U.S.
PYMNTS
OCTOBER 8, 2018
They are highly sophisticated, well-capitalized crime rings that are recruiting Ivy League talent to think of new approaches to get around the rules most systems are using to screen for fraud. Criminal organizations are constantly developing new ways to take on systems, with the express intent of outsmarting the rules engine.
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PYMNTS
MAY 13, 2019
According to the paper, the move to raid Ramlau-Hansen home is an escalation of the investigation which has hurt Danske market capitalization and resulted in the ouster of executives and a slew of investigations around the world. The money laundering went on from 2007 to 2015. Those indictments are sealed, noted the report.
Fintech Labs Insights
APRIL 12, 2024
I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).
Jeff For Banks
MARCH 20, 2016
After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. billion in equity capital, with a market capitalization close to book value. And for fraud without a time limit.
PYMNTS
AUGUST 13, 2018
In July, it was reported that HMNY arranged a short-term $6 million loan from Hudson Bay Capital Management , $5 million of which will go toward paying its partners. Wells Fargo went on to sell at least 73,539 stated income loans between 2005 to 2007. And they almost never go home. So, what did we learn this week?
CB Insights
FEBRUARY 13, 2020
This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools.
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