Word: fraud
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Still, for a bank that can get a bit smug about its meticulousness, the Madoff stain, albeit minor, will be hard to rub out. It's also one of the reasons why Santander's private-banking business is in the red. "We were caught in a fraud, but it was still a mistake," concedes chief financial officer Juan Antonio Alvarez. (See pictures of the demise of Bernie Madoff...
...order to take the SAT. For the GRE graduate-school exam, a photo must be taken at the actual test site. In both cases, ETS asks people taking the test who may be wearing a veil to remove their face covering in order to be identified and prevent any fraud. "We have not had any issues related to this policy," which has been in place for more than a decade, says Mark McNutt, an ETS spokesman. (See the underreported stories...
...become more absurd by asking for proof of my grandparents' citizenship," says Giraud, who had planned a trip abroad and ended up obtaining a British passport by mail in a week. "Why isn't it their responsibility to prove my earlier passport and ID weren't obtained by fraud since the same administration asking for proof of citizenship now provided them?" Naulleau ultimately beat the system by requesting French citizenship through his naturalized, Bulgaria-born wife. But this isn't an option that is open to most people. (Read "Booing the 'Marseillaise': A French Soccer Scandal...
...This isn't the first time that Vietnam has detained staff from a foreign company after losing money. In 2006, the Vietnamese government arrested four employees of ABN AMRO, a Dutch bank, for fraud after the government lost money on a foreign currency contract. To end the dispute, ABN AMRO paid $4.5 million to a Vietnamese state-owned bank, apparently to secure the release of the four Vietnamese employees who faced the death penalty. Many investors hoped this was a small bump on the path to further economic reforms, and it didn't slow Vietnam's entry into the World...
Even though the bankers are first up, the FCIC won't stop there in heaping the blame. Congress set up the commission early last year with a mandate to investigate 22 possible things, from mortgage fraud to global savings imbalances, that could have either caused the financial crisis or made it worse. Modeled after the 9/11 commission, the FCIC is much larger than any other panel or watchdog created in wake of the financial crisis. The FCIC has 10 members, including six appointed by Democratic lawmakers and four appointed by Republicans. It has a budget to hire 35 staffers...