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fraud

Fraud allegations against factor topples bank executives

Nils Moe, chief executive of Nordlandsbanken, resigned today in the wake of huge losses tied to the bank's dealings with scandal-ridden Finance Credit. The bank's top credit officer also stepped down. Moe initially had thought both he and the bank...

#bank#bankruptcy#banks

Regal Duo Face Fraud Charges over Suspected False Factoring...

Two former company directors suspected of duping 160 investors out of up to Ј3million appeared yesterday before Belfast magistrates, charged…


Fraud Causes Fall in Profits at Five Arrows

Five Arrows Commercial Finance, which in the year ended 31 December 1999, recorded profits before tax of Ј890,000, has seen…


Fourth Person Charged in Versailles Alleged Fraud

A fourth person was charged yesterday by the Serious Fraud Office in connection with the collapse of Versailles, the trade…


Head of PayDay Today Arrested on Suspicion of Fraud

David L’Hoir, who ran the organisation PayDay Today was arrested by the FBI in Fort Lauderdale, Florida on suspicion of…

#interest#WHO


A Fraud Caught in Time and the Lessons Learned

by Ken Walsleben Introduction: On Wednesday, October 4, 2000, I received a promising call from a broker introducing a New…


Members of Fraud Panel for IFA Conference Selected

The speakers for the fraud panel at the seventh IFA conference, to be held in Scottsdale, Arizona from 4th to…


Southwest Financial Inc. Executive Pleads Guilty to Fraud.

An executive with a Little Rock, Arkansas factoring company, Southwest Financial Inc. pleaded guilty to conspiracy and eight counts of…

#bank#banks#Two


Client of Presidential Financing Pleads Guilty to Wire Fraud

Lawrence Rosenzweig of the Barridon Corporation has pleaded guilty today in a federal court to the charge of “wire fraud”,…


Client of Presidential Financing Corporation Charged with Fraud

Lawrence Rosenzweig of the Barridon Corporation has been charged today by a federal court of engaging in a scheme to…

#account receivables#receivables

Serious Fraud Office Launch Investigation into Versailles Collapse

The Serious Fraud Office have issued a press release stating that they are to conduct an investigation into the business…

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