After a shocking headline of GE's alleged financial fraud revealed by Harry Markopolo, now public and investors have to face another shocking report on entertainment and media tycoon, Walt Disney Co. Sandra Kuba, a former senior financial analyst of Walt Disney, has told US Securities and Exchange Commission (SEC) that Walt Disney...
General Electric (GE) is suspected of committing fraud by falsifying the company's financial statements. This suspicion was revealed by renowned accounting expert Harry Markopolo, who had been a whistleblower of a mega fraud scandal Barnie Madoff. In a 175-page report that was published online, Markopolo and his team suspected GE of...
To promote the Non-Cash National Movement (Gerakan Nasional Non Tunai/GNNT), the government through BI launched the Indonesian Standard Quick Response code (QRIS) on the Republic of Indonesia's Independence Day. Quoted from a press release Bank Indonesia’s Governor Perry Warjiyo said that QRIS carries the spirit of UNGGUL ('Universal, GampanG, Untung...
Ad fraud is a new growing problem which is faced by marketers in Indonesia. The latest survey released by the Mobile Marketing Association (MMA) and Integral Ad Science (IAS) revealed that Indonesia is an easy target for ad fraud. According to the data from IAS, Indonesia could lose up to...
Among many cases of cybercrime, a case involving phishing is most discussed. Phishing is a classic fraud method that is conducted by exploiting humans' emotions and relationships. The perpetrators lure victims to hand over their credential information, such as name, address, telephone number, email, OTP code, access to the company's...
Internet Fraud Casebook: The World Wide Web of Deceit is a book that compiles real cases of internet frauds authored by real fraud investigators. Through handpicking and editing by Joseph T. Well, the compiled cases are relevant and easy to read. There are forty-one cases, including phishing, ID theft, counterfeiting, romance scam, and others....
P2P Lending business in China began to rise a decade ago and has become a giant financial business ever since. However, the business is now experiencing a major collapse due to few factors, one of which is the proliferation of frauds. The collapse has caused massive losses for P2P lending...
According to The Report to The Nation 2018 Global Study on Occupational Fraud and Abuse, the median duration of fraud is 16 months. That means in the average period of 16 months, the fraudsters repeat their crimes before they are finally revealed. Knowledge of the symptoms and causes of fraud occurs...
Millionaire Richard Branson reminds his followers of online scammers impersonating him in attempts to take personal information and money. "We are very concerned that more and more people are being scammed by fraudsters impersonating me," Branson wrote. According to the article, the fraudsters send messages via social media or email...
Introduced by Charles Ponzi, the Ponzi scheme is a classic investment fraud mode that was a boom in 1920. However, it seems that many of us have not learned the lesson so many cases of fraud involving this scheme continue to occur today, in an era where financial technology (Fintech)...
