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fraud

KPMG report finds increase in level of fraud

The level of fraud is on the increase according to the latest research from accountant KPMG's fraud barometer. The figures, which considered major fraud cases involving more than Ј100,000 being heard in the UK Crown Courts, found that 14 cases...

#MAN#Two

Man pleads guilty in Espirito Santo factoring fraud

The former president of a computing company pleaded guilty yesterday to his role in a US$170 million scheme to defraud…

#bank#factoring fraud#MAN


Shenzhen SME-listed company in fraud scandal

Jiangsu Qionghua, one of the first group of companies listed on China's newly-established board for small- and medium-sized enterprises (SMEs)…

#management#risk#smes


Bibby signs up for anti fraud software

Liverpool-based factoring and invoice discounting company Bibby Financial Services has signed a deal with Chester's GB Group to use its…

#anti-money laundering#financial services#invoice


Factoring fraud at Parmalat under investigation

The Bologna public prosecutor's office last week began an investigation into the possibility of factoring fraud at the failed Italian…

#factoring fraud#financial services#Italian factoring


Banco Espirito Santo sues over US$170 million factoring fraud

Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial…

#bank#factoring fraud#international


Equifax launches web-based debt and fraud tool for SMEs

Equifax Plc, the business information provider, has launched eDecision, an online credit application processing and scoring solution aimed at providing…

#Equifax#fraud detection#risk


Trade credit insurance; the best defence against company identity...

IT Partnerships (ITP), a value added reseller (VAR)* of computer equipment, has warned that credit insurance is the best defence…

#insurance#software#trade


FBI arrests women on factoring fraud charges

Federal prosecutors say that a woman was arrested on Friday on a 15-count indictment alleging she sold fake invoices to…

#factoring fraud#fake invoices


Cancer 'lies' of Versailles fraud chief

Fred Clough, the disgraced finance director of collapsed trade finance house Versailles, lied to his board that he had cancer…

#banks#Goldman Sachs#trade


Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently…


VAT fraud helped to take 11bn euro toll on...

The huge VAT fraud on computer parts sales to Britain helped knock more than Ђ11bn off Irish exports last year,…

#economy#exports#i

Alleged MX Factors fraud case latest; judge freezes assets...

Riverside, California firm MX Factors and its two Inland Empire investment arms -- all three accused of running a multi-million-dollar…

#Corona#i#investment

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