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The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks - Bloomberg
Confirms he is behind Iceberg reports that helped sink Noble ... Noble’s market capitalization stands at $115 million. At its peak in 2011, the company was valued at $11.7 billion.

22 hours ago by maoxian
SEC enforcement unit, stretched thin, faces rising tide of whistleblower tips
SEC's enforcement unit, stretched thin, faces rising tide of whistleblower tips

SEC  fraud 
2 days ago by aheilbut
The Flourishing Business of Fake YouTube Views - The New York Times
Piles of interesting here. For a start, the latest Horowitz brat, Russia Today, and Fox all use the same botherd. A classic example of D^2's principle that if you respond to attempted fraud just as an administrative issue, fraudsters will experiment and learn how to steal from you reliably. Finally, algo kitsch.
advertising  fraud  clickfraud  bots  youtube  security  to_blog 
2 days ago by yorksranter
The Flourishing Business of Fake YouTube Views - The New York Times
The fake-view ecosystem of which Mr. Vassilev is a part can undermine YouTube’s credibility by manipulating the digital currency that signals value to users. While YouTube says fake views represent just a tiny fraction of the total, they still have a significant effect by misleading consumers and advertisers. Drawing on dozens of interviews, sales records, and trial purchases of fraudulent views, The New York Times examined how the marketplace worked and tested YouTube’s ability to detect manipulation.
youtube  scam  fraud  fail 
3 days ago by dancall
State of Georgia goes to court to defend voting machines that recorded 243% voter turnouts / Boing Boing
A federal lawsuit brought by voting security activists against the State of Georgia has revealed breathtaking defects in the state's notoriously terrible voting machines -- and, coincidentally, the machines in question were wiped and repeatedly degaussed by the state before they could be forensically examined as evidence of their unsuitability for continued use.

Only four US states use voting machines that do not produce a paper audit-tape that can be used to verify their performance. Georgia is one of those states.

The most dramatic failing in the state's 16-year-old voting machines was in Habersham County's Mud Creek precinct, where 670 ballots were cast, even though only 243 voters are registered in the precinct. No one can explain how 243% of eligible voters turned out on election day, but the State of Georgia's official legal position is that nothing is wrong here.
voting  fraud  Georgia 
4 days ago by Quercki
New Details About Wilbur Ross’ Business Point To Pattern Of Grifting
New Details About Wilbur Ross’ Business Point To Pattern Of Grifting via Instapaper
corruption  politics  fraud  twitter 
5 days ago by craniac

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