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New scam tricks financial advisors into giving up clients’ money – Christian Science Monitor



Christian Science Monitor
New scam tricks financial advisors into giving up clients' money
Christian Science Monitor
Financial fraud has always been a problem, but the Internet has enabled entirely new ways of stealing money. We recently received an alert about a new scheme to defraud advisors and their clients. The scam begins with an email to an advisor that

Corruption Currents: White-Collar Crime Prosecutions Reach 20-Year Low – Wall Street Journal (blog)



Wall Street Journal (blog)
Corruption Currents: WhiteCollar Crime Prosecutions Reach 20-Year Low
Wall Street Journal (blog)
A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk

Justice Dept. Hires Compliance Expert In Fight Against Corporate Crime – NPR


Justice Dept. Hires Compliance Expert In Fight Against Corporate Crime
NPR
Justice Department lawyers who prosecute errant corporations and executives are bringing in a new member to the team — a full-time expert in compliance programs. Andrew Weissmann, who leads the Fraud Section in the criminal division at the Justice …

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5 signs your parents are the victims of a financial scam – Las Vegas Review-Journal



Las Vegas Review-Journal
5 signs your parents are the victims of a financial scam
Las Vegas Review-Journal
Although no one is immune to financial scams, older adults tend to be more susceptible. Nearly 30 percent of fraud complaints filed with law enforcement in 2014 were lodged by adults ages 60 and older, according to the Federal Trade Commission's (FTC) …

The US should start treating all criminals more like white-collar criminals – Quartz


The US should start treating all criminals more like whitecollar criminals
Quartz
At some point in their life, about 5% of Americans will serve time in prison. Most of them are poor minorities who are stuck in a cycle of re-offending and returning to prison. But the proclivity to commit a crime exists across the income distribution

Jesse Eisinger on Corporate Crime and The Chickenshit Club – Corporate Crime Reporter



Corporate Crime Reporter
Jesse Eisinger on Corporate Crime and The Chickenshit Club
Corporate Crime Reporter
“What Comey meant by that was — I want you guys to go out to work on the hardest, most important cases, the most righteous cases and not worry about whether you are going to lose them,” Eisinger told Corporate Crime Reporter in an interview last week.

Taylor Wessing launches new corporate crime and fraud unit – CDR News Magazine


Taylor Wessing launches new corporate crime and fraud unit
CDR News Magazine
Growing concerns over the extent of white-collar crime leads the firm to set up a dedicated client centre to combat growth of fraud. Want to read more? Buy the PDF (£75). Download this article as a PDF now for the one off cost of £75. Buy PDF

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Sources: Nation’s disabled work program mired in corruption, fraud – CNN



CNN
Sources: Nation's disabled work program mired in corruption, fraud
CNN
(CNN) The nation's premier federal program that provides work for people who are severely disabled is mired in widespread corruption, financial fraud and violations of the law, numerous sources tell CNN. And instead of helping the severely disabled

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Former financial adviser Jacqueline Stanfill indicted on federal fraud counts – WBIR-TV



WBIR-TV
Former financial adviser Jacqueline Stanfill indicted on federal fraud counts
WBIR-TV
Jacqueline Stanfill is charged with three counts of wire fraud, two counts of mail fraud and one count of money laundering, according to records unsealed Monday in U.S. District Court in Knoxville. Prosecutors contend Stanfill from 2008 through early
Former financial planner indicted by grand juryKnoxville News Sentinel

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Justice for sale: Big companies could soon escape prosecution for corporate … – The Independent



The Independent
Justice for sale: Big companies could soon escape prosecution for corporate
The Independent
The Serious Fraud Office (SFO) has said it expects to sign its first deals by the end of the year under a new scheme in which a company would admit wrongdoing for economic crimes including fraud and bribery but avoid drawn-out and potentially damaging …

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