ICT magazine

A new report from the Internet Crime Complaint Center, a joint effort by the FBI and the National White Collar Crime Center, found the amount of losses from cyber-crime doubled in 2009, and those between the ages of 30-49 were hardest hit. - Last year was a ...

As expected, Rajiv Goel, an ex-Intel treasury department executive, pleads guilty to securities fraud and conspiracy in connection with the massive Wall Street insider trading scandal. Goel faces up to 20 years in prison when he is sentenced in May. Prosecutors say he is cooperating with investigators. - ...

As expected, Rajiv Goel, an ex-Intel treasury department executive, pleaded guilty to securities fraud and conspiracy in connection with the massive Wall Street insider trading scandal. Goel faces up to 20 years in prison when he is sentenced in May. Prosecutors say he is cooperating with investigators. - ...

Britain's Serious Fraud Office (SFO) confirmed yesterday it will not pursue charges against the UK arm of Bernard Madoff's investment firm as it seeks to broaden out its investigation. "Following a thorough review of all the available evidence (the SFO) has decided to take ...

British police arrested a businessman who sold bomb detecting equipment to Iraq on suspicion of fraud Friday, as ministers banned the export of the devices amid concerns they do not work. The director of British-based company ATSC, Jim McCormick, 53, was arrested on suspicion of fraud by

Ukrainian Prime Minister Yulia Tymoshenko on Wednesday accused her rivals of planning to rig Sunday's vote and called on the West to help prevent any fraud. Tymoshenko is a leading candidate in the country's presidential election, RIA Novosti reports.

As I have previously noted, credit default swaps are destabilizing for the economy. And the models used to evaluate financial instruments - such as the Gaussian copula formula for CDOs - are inherently flawed.Now, Princeton University economists and co...

Apple pulls applications from its iPhone App Store after an accusation surfaces that the developer, Molinker, posted fake reviews about the mobile applications. Apple's App Store has been expanding rapidly, offering as many as 100,000 apps in November, and research company IDC predicts that the online storefront will contain about ...

Canopy Financial COO Jeremy Blackburn could be going to jail for a very long time for fraud. The health care software company executive is accused of creating fake audit reports, phony bank statements and transferring unauthorized funds to his personal accounts. Both the Justice Department and SEC have filed complaints ...

Nomi Prins - former managing director of Goldman Sachs and head of the international analytics group at Bear Stearns in London - is saying the same thing that financial bloggers have been saying: The giant banks are manipulating their books to make the...

President Obama, Vice President Biden and Attorney General Holder all made some very hard-hitting statements yesterday.Obama told Fox news that the United States' climbing national debt could drag the country into a double-dip recession:"I think it is ...

As I have repeatedly written, the largest U.S. banks have repeatedly gone bankrupt due to wild speculation which was blessed by the Fed, and then the government covered up their bankruptcy.Indeed, the New York Times writes today about one of the too bi...

A Paris court has found the French branch of the Church of Scientology guilty of fraud. The court fined it a total of 600,000 euros, but has stopped short of banning the religious group.

Elizabeth Warren - like many other financial experts - thinks that fraud played a role in causing the financial crisis.As she told Michael Moore:I want to know who did what. Responsibility is about making sure we fix this, and that it will not happen...

A report by Click Forensics links a growing amount of click fraud to botnets. The increase in botnet-related activity follows an overall upsurge in click fraud in the third quarter of 2009. - New research from Click Forensics shows botnets are playing a growing role ...

President Hamid Karzai was Tuesday under intense pressure to end Afghanistan's electoral chaos as Washington called for an early resolution after more than a million fraudulent votes were thrown out. US Secretary of State Hillary Clinton said she expected Karzai, whose administration is

William K. Black - professor of economics and law, and the senior regulator during the S & L crisis - says that that the government's entire strategy now - as during the S&L crisis - is to cover up how bad things are ("the entire strategy is t...

The head of the UN mission in Afghanistan denied accusations that he had helped cover up election fraud. He said still believed a result could be reached that Afghans would find credible.

In a new interview with Bill Moyers, Simon Johnson confirmed what William K. Black has said about fraud by the financial sector, booms and busts.As I previously wrote:Black explained that fraud by a financial company usually involves the company:1) Gro...

In a new interview with Bill Moyers, Simon Johnson confirmed what William K. Black has said about fraud by the financial sector, booms and busts.As I previously wrote:Black explained that fraud by a financial company usually involves the company:1) Gro...