01/28/2009 - MADRID, Spain — Spanish police arrested six people suspected in a $600 million stock fraud case in Britain, officials said Wednesday.
The National Police said five Spaniards and one Argentine were arrested on Jan. 21 in Madrid, Barcelona and the eastern town of Elche on a warrant from British authorities.
All six suspects have been [...]

01/28/2008 - Mayor Brent Warr of Gulfport, Mississippi, and his wife, Laura Jean Warr, have been indicted on 16 counts of Katrina fraud, including charges they stole federal funds, filed false disaster assistance claims and committed insurance fraud.
The indictment alleges that the couple tried to get a grant for a hurricane-damaged beachfront house in which [...]

01/27/2009 - Nicholas Cosmo, founder of Agape World Inc. in Hauppauge, New York, swindled investors out of more than $370 million and used the money to pay for limousines, fund a baseball league and pay off a restitution order from an earlier fraud, U.S. authorities said.

With the economy in turmoil, fraud and white-collar crime are where the action is, according to a new report.
Global turbulence and recession will lead to an increase in white-collar crime as well as significant changes in how fraudsters operate, according to the Kroll Global Fraud Report, produced by a division of Marsh [...]

Canadian companies can expect to see more workplace fraud and balance sheet cheating because of the recession, said a corporate fraud expert Wednesday.
Mike Savage, head of fraud investigation at Ernst & Young, said the incidence of employees swiping cash and companies hiding loan losses and other financial sore spots jumps during economic downturns.
“[During recessions] two [...]

A former Bank of America employee has been arrested and charged in connection with a multimillion-dollar scheme to misappropriate funds from customer accounts, according to the U.S. attorney for the Southern District of Florida.
Ricardo Figuerado surrendered to authorities on Thursday morning.
It is alleged that between the mid-1990s and May 2008, Figuerado misappropriated more than $11 [...]

Heartland Payment Systems, a publicly traded company that provides bank card payment processing services to merchants in the U.S., has suffered a malware breach that may be linked to a “widespread global cyber fraud operation.”
In a statement  the company said its system used to process Visa, MasterCard, American Express and Discover Card transactions was breached [...]

A Texas state law may require private computer techs like The Geek Squad to be a licensed private investigator. 
State lawmakers passed the bill back in 2007. A representative with the Texas House Committee on Law Enforcement says under the current language, house bill 2833 can be interpreted to mean computer techs are required to be private [...]

United Kingdom: Sixty percent of office workers faced with redundancy or the sack admit they will take valuable data with them, if they could get away with it! 40% are downloading sensitive company secrets right now under their bosses nose in anticipation that they could lose their job.
That’s the findings of a survey by IT [...]

Someone with access to company keycards, made off with some prototype cell phones from Sony (NYSE: SNE) Ericsson.
According to a translated report, a 35-year-old man with a “working relationship” with the phone manufacturer was busted by police with several prototype phones and company laptops at his house. Overall, police estimated the man had 100 mobile [...]