fraud

Federal Auditors Say SEC Ignored Red Flags against Allen Stanford

The investigations against Allen Stanford started early 2009 February 17 2009, he was charged by the U.S. Securities and Exchange Commission (SEC) with fraud and multiple violations of U.S. securities laws, which led to his arrest by the FBI on June 18, 2009, accused of $7 billion fraud. [Read more…]

Manage Your Credit Cards Better and Avoid Unnecessary Debt

As a result of the recent recession, credit card delinquency rates in the United States are at an all time high. d.

So how do you go about getting a grip on your finances to ensure that you overcome these difficult times without accruing a lot of debt on your credit cards? [Read more…]

How to Protect Yourself from Debit Card Fraud

Every year, millions of dollars are swindled in debit card frauds. These highly useful instruments are as valuable to unscrupulous people as they are to the owners because they offer an easy way to access personal bank accounts. That is why debit cards and card details must be used and stored with great care to ensure that unauthorized persons do not get access to them. Some basic precautions can ensure that a debit card is safe from misuse. [Read more…]

TARP Fraud Involving Bank President Uncovered

An ex- president of a private New York based bank has achieved the dubious distinction of being the first person to be charged with misappropriation of TARP funds. Charles Antonucci, president of Park Avenue Bank between June 2004 and October 2009, was arrested earlier this week, accused of stealing US Government funds. [Read more…]