You are here: Fairness.com > Resources > Law & Justice > Criminal Law > Theft / Stolen Property > Frauds / Scams: General > Business Victims

Business Victims

Categories underneath Business Victims:

Search only Business Victims, and everything underneath:

Articles and Resources

Date Fairness.com Resource Read it at:
Feb 11, 2011 3 Former IndyMac Executives Are Accused of Fraud

QUOTE: IndyMac’s former chief executive and two former chief financial officers are accused of filing “false and misleading” documents with regulators. The executives, the S.E.C. said, led shareholders to believe that the bank could rebound from months of hefty losses, causing its shareholders to be defrauded in July 2008, when IndyMac’s stock price plummeted and the bank shut its doors.

New York Times
Feb 10, 2011 The Ethics of Free Cellphone Calls

QUOTE: The trick relies on a handy feature of Google Voice: you can place outgoing calls through Google instead of your phone company... There’s nothing technically illegal about it; it’s clearly an unintended loophole. But you aren’t paying for the calls.

New York Times
May 18, 2010 Clients Worried About Goldman’s Dueling Goals

QUOTE: Goldman’s bets against WaMu, wagers that took place even as it helped WaMu feed a housing frenzy that Goldman had already lost faith in, are examples of conflicting roles that trouble its critics and some former clients. While Goldman has legions of satisfied customers and maintains that it puts its clients first, it also sometimes appears to work against the interests of those same clients when opportunities to make trading profits off their financial troubles arise.

New York Times
May 18, 2010 EFF: Forget cookies, your browser has fingerprints

QUOTE: Even without cookies, popular browsers such as Internet Explorer and Firefox give Web sites enough information to get a unique picture of their visitors about 94 percent of the time, according to research compiled over the past few months by the Electronic Frontier Foundation.

MacWorld
Aug 25, 2009 Businesses Reluctant to Report Online Banking Fraud (Security Fix)

QUOTE: many victimized companies [of online banking fraud] are reluctant to come forward out of fear of retribution by their bank.

Washington Post
Aug 05, 2009 L.A. lawyer accused of fraud in pesticide litigation (Column One)

QUOTE: Here[Nicaragua], [the chemical] DBCP is more than a pesticide. It is a political movement. The forces of poverty and corruption cloud the most basic facts surrounding the claims. The truth that can be established is one that [Judge Victoria] Chaney alluded to in her ruling: If Nicaraguans truly were injured by DBCP a generation ago, what has happened since makes identifying the victims nearly impossible.

Los Angeles Times
Aug 02, 2009 Our Privacy, Your Business (Defcon)

QUOTE: Big business,[privacy expert Andrea] Matwyshyn says, needs to do a much better job of keeping customers abreast of how they're dealing with big security threats.

Forbes
Jul 06, 2009 How to Stop Fraud: The Madoff and Stanford cases may grab the headlines, but the temptation of fraud appears at every corporate level

QUOTE: It doesn't take a high-profile, multibillion-dollar scandal to rock an enterprise.

Jun 15, 2009 Advertising: Microsoft Sues Three in Click-Fraud Scheme

QUOTE: Microsoft said it found a pattern of click fraud on its search pages...Advertisers bid on what they will pay to appear in the paid-search results for certain keywords. The more an advertiser pays, the higher they are in that list, and advertisers usually pay for each click on their ad.

New York Times
Jun 15, 2009 Microsoft Sues Three in Click-Fraud Scheme

QUOTE: AFTER an investigation that took more than a year, Microsoft has filed its first lawsuit over click fraud, where people manipulate clicks on a Web advertisement.

New York Times
Jun 12, 2009 IT staff snooping HR and layoff lists, taking data with them

QUOTE: In a recent survey conducted [by Cyber-Ark Software] on network admins and other IT staff, more than a third admitted to snooping into HR records, layoff lists, customer databases, and M&A plans.

Ars Technica
Dec 28, 2008 By Saying Yes, WaMu Built Empire on Shaky Loans

QUOTE: Between 2001 and 2007, Mr. Killinger received compensation of $88 million...During Mr. Killinger’s tenure, WaMu pressed sales agents to pump out loans while disregarding borrowers’ incomes and assets, according to former employees. The bank set up what insiders described as a system of dubious legality that enabled real estate agents to collect fees of more than $10,000 for bringing in borrowers, sometimes making the agents more beholden to WaMu than they were to their clients.

New York Times
Dec 18, 2008 Madoff Scandal Shaking Real Estate Industry

QUOTE: Almost no segment of New York City’s real estate industry was spared in the Madoff scandal, which may be history’s largest Ponzi scheme....Mr. Madoff (pronounced MAY-doff) managed his funds much the way that real estate leaders have operated successfully for decades: He provided little information and demanded a lot of trust.

New York Times
May 14, 2008 Whistleblower Exposes Practices of Wal-Mart, JC Penney Importers: U.S. Attorney settles custom fraud case related to apparel made in China

QUOTE: customs fraud case that saw goods manufactured in China falsely labeled as made in Korea or Russia, and sold as such in the United States at Wal-Mart, JC Penney, Family Dollar Stores, Kohls and Marshalls stores. The benefit to the subterfuge was that the importers—Intertex Apparel Group, J.J. Basics and Ben’s Clothing—could evade quotas on goods manufactured in China and dodge customs fees...

CRO Magazine
Feb 03, 2008 Protecting the Homeowners Association's Nest Egg

QUOTE: Lawmakers...are considering legislation that would beef up the accountability standards for professionals hired to manage homeowners' money. It could increase the cost of hiring those companies, but additional consumer protection is overdue for this lightly regulated industry.

Washington Post
Jan 26, 2008 Reviewer of Subprime Loans Agrees to Aid Inquiry

QUOTE: A company that analyzed the quality of thousands of home loans for investment banks has agreed to provide evidence to New York state prosecutors that the banks had detailed information about the risks posed by ill-fated subprime mortgages. Investigators are looking at whether that information...was deliberately withheld from investors.

New York Times
Sep 28, 2007 Whois Directory, a Tool for Brand Defenders, May Be Veiled

QUOTE: The Whois directory can be a critical tool for companies to identify and shut down typo squatters, cyber squatters and phishers...A working group within ICANN is now reviewing proposals to determine whether to allow Whois, which houses the contact details of domain owners and administrators, to remain open to the public or to restrict access to only a few parties.

Clickz.com
Jun 01, 2007 Longtime 'Spam King' Charged With Fraud

QUOTE: From his 17th-floor Seattle apartment overlooking Puget Sound, Robert A. Soloway allegedly ran an illicit network of computers around the world, secretly commandeering the machines of thousands of unsuspecting bystanders. .... But federal authorities caught up this week with the man prosecutors call the "spam king" and arrested him on 35 charges of fraud, identity theft and money laundering, casting a light on the byzantine, highly lucrative underworld of mass e-mail marketing.

Washington Post
May 22, 2007 Side Deals in a Gray Area

QUOTE: Big-boy letters...are widely used and represent a private contract between presumably sophisticated investors. Lawyers agree that big-boy letters do not technically shield either party from insider trading laws, but rather protect the two parties from suing each other.

New York Times
May 21, 2007 Mortgage Fraud Is Up, but Not in Their Backyards

QUOTE: The grassroots effort begun by the women eventually linked a network of community leaders, industry professionals and federal regulators who now share the information they gather on mortgage fraud.

New York Times
May 07, 2007 Pressure at Mortgage Firm Led To Mass Approval of Bad Loans

QUOTE: a detailed inquiry into the situation at New Century and other subprime lenders suggests that in the feeding frenzy for housing loans, basic quality controls were ignored in the mortgage business, while the big Wall Street investment banks that backed these firms looked the other way.

Washington Post
May 06, 2007 From China to Panama, a Trail of Poisoned Medicine

QUOTE: The syrupy poison, diethylene glycol, is an indispensable part of the modern world, an industrial solvent and prime ingredient in some antifreeze. It is also a killer. And the deaths, if not intentional, are often no accident. Over the years, the poison has been loaded into all varieties of medicine — cough syrup, fever medication, injectable drugs — a result of counterfeiters who profit by substituting the sweet-tasting solvent for a safe, more expensive syrup, usually glycerin, commonly used in drugs, food, toothpaste and other products.

New York Times
Apr 12, 2007 Shell Settles With Europe on Overstated Oil Reserves

QUOTE: The money will compensate shareholders for losses incurred when the company’s stock dropped after it disclosed in early 2004 that it had greatly overstated its reserves, a closely watched indicator of an energy company’s health...After the restatement, which dropped the estimated value of future revenue by more than $100 billion, the company’s share price plummeted, leading to the ouster of its chief executive.

New York Times
Apr 11, 2007 How to Wet the Whistle: Corporate whistleblowers might need a monetary nudge, researchers suggest.

QUOTE: whistleblowing is risky—in 82 percent of the cases where employees were named, they alleged they were fired, quit under duress or “had significantly altered responsibilities” as a result. One solution: adopting a system of rewards for reporting corporate fraud similar to the federal False Claims Act, under which a person filing evidence of a false claim against the government can recover 15 to 30 percent of the amount recovered.

CRO Magazine
Mar 19, 2007 Domain Scammers Start Calling

QUOTE: Just about anyone who has registered a domain has probably gotten one of those phony renewal notices from scammers who try to trick you into sending them a check. And perhaps everyone's gotten wise to those letters, because one reader reports he just got a phone call from someone trying to pull a similar stunt.

InfoWorld
Feb 18, 2007 Fake Checks That Make You Pay

QUOTE: True or false: If a check "clears" within the typical one to five business days but later is discovered to be fake, the bank customer who deposited the check and subsequently spends the money cannot be held financially responsible for the fraud. If you answered false, congratulations.

Washington Post
Feb 01, 2007 The Real Rip-Off Report: Ed Magedson calls himself an advocate. His enemies call him an extortionist

QUOTE: Before the rise of the Web, the powerful could write off gadflies such as Ed Magedson. But the Internet provides a bully pulpit that Magedson has harnessed with startling success — and woe to the business owner who tries to ignore him. The Rip-Off Report has become a boon to the disgruntled, who've posted complaints taking on everything from poor business practices to deadbeat dads, ofen without a shred of proof. For Ed Magedson, it's been an even bigger gift. It's made him powerful, and it's made him money — although certainly not a dot-com millionaire. Magedson won't remove posts. He's not interested in evidence that would offer vindication.

Phoenix New Times
Nov 14, 2006 Sleazy CEOs have even more options tricks: Backdating may be just the beginning: A lot of other suspicious stuff tends to happen when companies grant options.

QUOTE: even before Lie's backdating bombshell, scholars suspected that executives were using insider information for financial gain in timing options grants and news releases. Does that make backdating just the most obviously illegal tip of an iceberg of dodgy corporate behavior? And is anyone going to get in trouble for the other stuff?

CNN/Money Magazine
Jul 24, 2006 New issue for homeowners: Inflated appraisals

QUOTE: Critics inside and outside the appraisal business have long warned that many appraisals are unrealistically high. That's partly because generous appraisals help loan officers and mortgage brokers, who often choose the appraiser, complete more deals.

Arizona Republic
Jul 13, 2006 Google's Click-Fraud Crackdown

QUOTE: Click fraud has become a classic security arms race....How do you tell if there's an actual person sitting in front of a computer screen? How do you tell that the person is paying attention, hasn't automated his responses, and isn't being assisted by friends?

Wired
Jul 12, 2006 In Gas Scheme, Regular Was Sold as Premium, Prosecutors Say

QUOTE: ...six companies were charged yesterday with defrauding drivers and gas stations in New York by selling hundreds of thousands of gallons of low-grade gasoline as premium grade

New York Times
Jun 28, 2006 China Reveals $1.1B Bank Fraud

QUOTE: The Chinese government disclosed $1.1 billion worth of fraud at one of the country's largest state-owned banks this week, underscoring the risks confronting foreign investors as they seek big stakes in China's precarious banking system.

Washington Post
Apr 16, 2006 Office Politics

QUOTE: My young sons' toys often break right after the receipt is chucked and the 30-day guarantee expires. When a toy breaks because of its low quality, we buy a new one, put the broken one in its box and return it using the new receipt... Ethical?

New York Times
Apr 06, 2006 Yahoo Implicated In Spyware Click Fraud

QUOTE: Advertisers who expect their Overture ad campaigns to run with certain Yahoo Searches may be surprised to find their ads running in syndicated spyware applications that render each impression as an ad click the advertiser must pay.

WebProNews
Mar 09, 2006 AdWords Addresses Click Fraud Questions

QUOTE: Google also sees a problem with all invalid clicks being called fraudulent. Many clicks happen due to other causes, like someone double-clicking on an ad.

WebProNews
Jan 03, 2006 Sounding Off: Complaint Shines Light on Ticketing Abuses

QUOTE: ...travel industry professionals acknowledge that agencies can use the ticketing system to steal from their clients. Business travelers often book nonrefundable tickets but end up changing their plans...

New York Times
Dec 15, 2005 Greenberg Accused Of 'Self-Dealing': Charity Hurt by Stock Sale, Spitzer Says

QUOTE: Maurice R. "Hank" Greenberg ignored his mentor's will four decades ago and sold stocks left to a charitable foundation to two companies Greenberg controlled, in a series of "self-dealing" transactions that drained value from the charity and enriched the Greenberg-controlled companies...

Washington Post
Dec 06, 2005 A College Is Accused of Cheating in Aid Process

QUOTE: The New York State Education Department said yesterday that it had found instances of cheating by admissions and financial aid officers at Interboro Institute in New York City that were intended to help enroll more students and make them eligible for federal and state financial aid.

New York Times
Oct 27, 2005 Google Bowling: How Competitors Can Sabotage You; What Google Should Do About It

QUOTE: It's called Google Bowling and it represents a gaping flaw in Google's system that allows your competitors to sabotage your site to the point of getting it banned or penalized.

WebProNews
Jul 13, 0201 Report: Unauthorized phone charges cost Americans $2 billion a year

QUOTE: A key Senate chairman says Congress needs to pass legislation to protect customers from unauthorized third-party charges on their phone bills because the telephone industry has failed to prevent the practice.

CNN (Cable News Network)