fraud   12393

« earlier    

How An Amateur Rap Crew Stole Surveillance Tech That Tracks Almost Every American
Cops alleged Da Boss and his co-conspirators had access to the Holy Grail for any Internet-age scam artist: a surveillance technology that police and debt collectors use to track most of the United States’ 325 million inhabitants via their Social Security numbers, license plates, address histories, names and dates of birth… It’s [also used by] private companies carrying out background checks. Private investigators use it to track cheating spouses. But in the wrong hands it can be used to steal the identity of almost anyone in America. And Da Boss and his crew got access to it.
technology  fraud  surveillance  crime  US  example 
yesterday by corrickwales
The last days of Theranos — the financials were as overhyped as the blood tests - MarketWatch
The terms of the loan agreement included the requirement to finally produce audited financial statements, something that had not been attempted since at least 2009...Philippe Poux arrived as chief financial officer in mid-2017 to oversee the financial infrastructure put in place by A&M. Poux told MarketWatch that at that time Theranos still had no budgeting process, no accurate cash-flow forecasting, and no auditable financial statements.
theranos  fraud  accounting 
yesterday by yorksranter
Too smooth: the red flag at Patisserie Valerie which was missed • FT Alphaville
Dan McCrum:
<p>With the benefit of hindsight, however, there is one aspect of the company's figures which looks odd: average sales per store barely changed in five years, even as the number of them doubled. Expansion, the addition of different brands, economic vagaries - through it all a Patisserie Valerie cafe took sales of about £600k a year.

In the year to September 2014, when there were 128 stores on average, each contributed revenues of £598k. Last year, 192 stores contributed an average £596k each.

Here's the progression of sales, to £114m last year:
<img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fb90499de-be33-43fe-8ea7-dc0ce8ae7a5c_FINAL.png" width="100%" />


And here's the average revenue per store, as the group's total number of sites went from 89 to 206:
<img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd495d485-8a01-4571-a2fb-36f4d993fd05_FINAL.png" width="100%" />

The metric was remarkably stable, suspiciously so we might now say. Business is rarely that smooth, as weather, the ebb and flow of competition, and even politics (a Brexit effect?) play a role.</p>


This is part of the "Someone is wrong on the internet" series - a series title too wonderful for words. Patisserie Valerie is a chain of retail cake shops (so, as the story says, pretty much zero inventory) which a week ago discovered it has £20m less than it thought.
finance  fraud 
2 days ago by charlesarthur
Sunny on Twitter: "(3/3) Until then, I will not engage with those who seek to debase me, preferring instead to gather hard data to prove beyond ANY doubt I am a real trader with real money and the P/L screenshots I post are an accurate reflection of my re
I WILL provide proof of my actual trading activity in due course... Until then, I will not engage with those who seek to debase me, preferring instead to gather hard data to prove beyond ANY doubt I am a real trader with real money and the P/L screenshots I post are an accurate reflection of my results, which I will post as soon as possible

IN DUE COURSE, AS SOON AS POSSIBLE
trading  fraud 
6 days ago by maoxian
SEC tightens the noose on ICO-funded startups • Yahoo Finance
Daniel Roberts:
<p>During the past few months, the Securities and Exchange Commission has significantly widened its crackdown on certain initial coin offerings, putting hundreds of cryptocurrency startups at risk.

The SEC sent out a slew of initial information-seeking subpoenas at the start of 2018. Now the agency has returned to many of those companies, and subpoenaed many more—focusing on those that failed to properly ensure they sold their token exclusively to accredited investors.

The agency is exerting pressure on many of those companies to settle their cases. In response, dozens of companies have quietly agreed to refund investor money and pay a fine. But many startups that have been subpoenaed say they are left in the dark struggling to satisfy the SEC’s demands, and are uncertain of how others are handling it, according to conversations with more than 15 industry sources as part of a joint investigation by Yahoo Finance and Decrypt.

The sources, many of whom are employees of companies that were subpoenaed by the SEC or are attorneys for those companies, requested anonymity, because the SEC restricts them from discussing the matter.</p>

So the chickens are coming home to roost, except they have big teeth and can lock you in jail.
Crypto  ico  fraud 
8 days ago by charlesarthur

« earlier    

related tags

$5  'deceitful'  2008.crisis  2010s  2018  6  academia  accounting  accredited.investors  adventure  against  allegations  amazon  america  app  apple  article  automation  aw  badtech  bank  banking  banks  bee  belgium  bitcoin  blocker  blocking  blue  boiler  bots  brexit  britishairways  britishcolumbia  brownm&m  bubbles  budget  business  cabel_sasser  call  canada  ceo  china  class  code  comments  complaint  corruption  courts  credit  creditcards  crime  croudfunding  crypto  currency  cyber  cybersecurity  dailymail  datajournalism  datascience  death  debit-cards  diet  dollars  donald-trump  donaldtrump  dooley  eb-5  eb5  economics  elon  energy  entrepreneurship  estonia  eventorganizers  events  example  facing  fail  fake  false  falseaccusation  family  fbi  festival  festivals  finance  financial  fines  fintech  for  foundation  full  fyre  fyrefestival  gang  gets  gift  gop  gov2.0  guilty  hack  history  hoax  honey  horizon  house  housing  hydro  ico  idenities  identity  identitytheft  immigration  in  inflation  inheritance  internal_control  internet  investigation  investing  investment  ios  irs  jailed  japan  jordan  krebsonsecurity.com  kushner  law  legal  lies  liquidity  lolbuttcoin  longform  magecart  mailfraud  market.crisis  markets  mathowie  matt_haughey  media  million  millions  mn  mobile  money  mortgage.backed.securities  musk  nepal  newegg  news  newspaper  nicholasmastroianni  nutrition  nvidia  nytimes  nz  of  ohforfuckssake  oia  online  pan-numbers  panel  pay  phishing  phone  policy  politics  potentially  president  prison  privacy  probe  promoter  publishing  rape  read  realestate  reddit  reference  refrom  report  requests  reserve.capital  reserve.currency  russia  scam  science  seaworld  securities  security  sec’s  september  settle  social  solar  spam  spoof  spoofing  suicide  surveillance  tax  taxes  taxpayer  technology  tesco-bank  tesco  tesla  the  theranos  ticketmaster  tickets  times  to  tourism  trading  transparency  triads  trump  uk  university  us  usa  vancouver  verdict  viafanf  video  visa  voice  will  williams  wind  years  £17m  αλγόριθμοι  απάτη  εφαρμογέςπληροφορικής  κοινωνική_πρόνοια  κουπόνια_φαγητό 

Copy this bookmark:



description:


tags: