Word: fraude
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...some unlucky cardholders, such warnings come too late. Even if their plastic has not been stolen, they have been victims of a fraud. Lately thieves have begun getting account information by pilfering the carbon paper that is found between the pages of individual charge slips, either by combing through the trash behind elegant shops and restaurants or colluding with dishonest employees working inside. Once the account information is in hand, it is no trick to order merchandise over the phone, since this requires the presentation of neither an actual card nor a valid signature. One band of California criminals stole...
Losses from counterfeit cards alone are running about $30 million annually, but that is only a fraction of the roughly $400 million that will be taken this year in spurious credit-card transactions. Thanks to a 1971 federal law, a consumer's liability in theft or fraud is limited to $50 per card; the cost is usually absorbed by either the bank or the company issuing the card. Eventually, however, the losses drive up the cost of goods and consumer credit...
...pervasive has credit-card fraud become that law-enforcement officials have identified several illegal organizations operating throughout the U.S. One is known as the Nigerian Credit Card Ring because most of its members come from that nation. They do not use other people's credit, but rather specialize in getting then-own by using phony information, even phony references, and mail drops...
Last year, Coopers completed the audit conducted of all the research money the University received in 1978, for all departments and schools. The certified public accountants found that Harvard accounted correctly for about 98 percent of the money, with "no fraud, abuse, or diversion of federal funds...
...maximum penalty for conviction on criminal fraud in Canada is ten years in jail. The four executives have been ordered to appear in court in Ottawa on Nov. 30, but it is not altogether clear they will obey the Canadian authorities. Says DeVos: "Nov. 30 is a day when you decide whether you are going to stand before them or not stand before them. We have made no such decision...