PYMNTS
FEBRUARY 9, 2020
Luke Steiner, 31, of Minnesota pleaded guilty on Wednesday (Feb.5) 5) to one charge of conspiracy to commit wire fraud, stating that he assisted New York-based MyPayrollHR CEO and Founder Michael Mann defraud two companies, according to multiple reports last week. He was charged in September with fraud but has not yet entered a plea.
PYMNTS
JANUARY 13, 2020
Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary. This week, cybersecurity publication Naked Security reported that $6 million was stolen from a New York company via invoice fraud.
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CFPB Monitor
JANUARY 17, 2019
A Minnesota federal district court recently ruled that lead generators for a payday lender could be liable for punitive damages in a class action filed on behalf of all Minnesota residents who used the lender’s website to obtain a payday loan during a specified time period.
PYMNTS
JULY 1, 2019
In payments fraud, it pays — literally — to change up the game a bit. The report shows the use of malicious emails, rather than attachments, is on the rise — which darkreading.com said comes along with new variants of impersonation fraud. Individual Fraud Cases, Here and Abroad. The data across a sample set of 1.3
ATM Marketplace
FEBRUARY 23, 2016
In the past four months, the FCU says its fraud rate has dropped 64 percent — despite the fact that only a fraction of card-accepting merchants are set up for EMV transactions.
MyBankTracker
SEPTEMBER 10, 2020
What nobody needs is life insurance fraud. Worrying about life insurance fraud probably isn’t high on your list of concerns, which is good, because the odds of something happening are likely rare, but it’s smart to have it on your radar. So if you’re concerned about life insurance fraud, don’t worry (much).
PYMNTS
JULY 31, 2020
The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room. Corporate travel manager CWT paid $4.5 Reuters said the thieves initially wanted $10 million before settling for $4.5
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