The banking giant UBS has agreed to pay a $885 million settlement for deceptively selling mortgage-backed securities to Fannie Mae and Freddie Mac. Under the … UBS to Pay $885 Million Fine for Pushing Toxic MortgagesRead more
Fraud
Posted inBank / Economics / News
Bank Traders Manipulated Foreign Exchange Rate Worth Trillions
Bloomberg News is reporting traders at some of the world’s biggest banks have manipulated key foreign exchange rates used to set the value of investments … Bank Traders Manipulated Foreign Exchange Rate Worth TrillionsRead more
Posted inNews
Ex-Enron CEO Jeffrey Skilling Reaches Deal for Early Release
The jailed former Enron executive Jeffrey Skilling has reached a plea deal that could see him serve around half of his original 24-year sentence. Skilling … Ex-Enron CEO Jeffrey Skilling Reaches Deal for Early ReleaseRead more
Posted inToMl / USA Empire
Voting Machines: What Could Possibly Go Wrong?
Since the 2016 election, there has been a good deal of commentary and reporting about the threats to American democracy from, on the one hand, … Voting Machines: What Could Possibly Go Wrong?Read more
Posted inFacebook / News
U.K. Fines Facebook for Cambridge Analytica Scandal
In Britain, the country’s data watchdog hit Facebook with the maximum possible fine for failing to protect users’ personal data in the Cambridge Analytica scandal. … U.K. Fines Facebook for Cambridge Analytica ScandalRead more
Posted inAadhaar
Two men use stolen Aadhaar details to run insurance scam
The owner of a mobile phone shop and his associate, a jobless insurance agent, have been arrested for allegedly collecting Aadhaar card details from customers … Two men use stolen Aadhaar details to run insurance scamRead more
Posted inAadhaar / News
Inside the secret world of Facebook groups offering fake Aadhaar cards
“Fake Aadhaar available…Ib [Inbox] for deal,” reads one of the posts on a Facebook group “Help for Friends – Advertising Deals” or as its over … Inside the secret world of Facebook groups offering fake Aadhaar cardsRead more
Posted inToMl / USA Empire
Security Seals Used to Protect Voting Machines Can Be Easily Opened
Voting machine vendors and election officials have long insisted that no one can manipulate voting machines and ballots because tamper-evident seals used to secure them … Security Seals Used to Protect Voting Machines Can Be Easily OpenedRead more
Posted inFinance / ToMl
How $14 Billion Private Equity Firm Abraaj Went Bust
It takes a lot of doing for a private equity firm to become insolvent, particularly if it has a good track record and is in … How $14 Billion Private Equity Firm Abraaj Went BustRead more
Posted inBank / News
Judge Dismisses Nearly All Claims Against Banks in Libor Scandal
A federal judge has dismissed nearly all the claims in lawsuits filed against major banks for involvement in manipulation of the global interest rate Libor. … Judge Dismisses Nearly All Claims Against Banks in Libor ScandalRead more