Logo Background

» Fraud

  • Draft Computer Fraud and Abuse Act Update Expands Powers and Penalties
    By on March 25, 2013 | Comments Off  Comments

    Despite calls to limit the Computer Fraud and Abuse Act, it looks like Congress is planning to drastically expand the law and penalties. walterbyrd writes with a few of the major changes listed in the draft bill (22 pages): “Adds computer crimes as a form of racketeering. Expands the ways in which you could be guilty of the CFAA — including making you just as guilty if you plan to ‘violate’ the CFAA than if you actually did so. Ratchets up many (more…)

  • Haye labels Klitschko a ‘fraud’
    By on May 10, 2011 | Comments Off  Comments

    David Haye labels Wladimir Klitschko “a fraud” at a news conference in Hamburg to promote their world heavyweight unification fight.


  • Could Crowdsourcing Help the SEC Detect Fraud?
    By on August 11, 2010 | Comments Off  Comments

    An anonymous reader writes “The SEC failed to catch Bernie Madoff largely because they are understaffed (a fact the SEC itself has admitted), under-funded, and simply lack the resources to adequately investigate his activities. Undoubtedly, there were other smaller incidents of fraud that have gone unpunished because of this deficiency. To solve this egregious issue, NERA Economic Consulting proposed crowdsourcing, the concept behind Wikipedia’s existence. (more…)

  • Large Zeus Botnet Used For Financial Fraud
    By on August 5, 2010 | Comments Off  Comments

    An anonymous reader writes “A large Zeus version 2 botnet is being used to conduct financial fraud in the UK and is operated from Eastern Europe. The botnet appears to be controlling more than 100,000 infected computers. The criminals have been harvesting all manner of potentially lucrative and revenue-producing credentials — including online account IDs plus login information to banks, credit and debit card numbers, account types plus balances, (more…)

  • Virginia AG Probing Michael Mann For Fraud
    By on May 2, 2010 | Comments Off  Comments

    eldavojohn writes “Republican Virginia Attorney General Ken Cuccinelli has requested receipts and research documents relating to nearly half a million dollars in state taxpayer money used to conduct climate change research at the University of Virginia while under direction of Michael Mann. Originator of the famous 2001 IPCC Hockey Stick graph depicting rapid climate change, Mann appears to be a prime target for Cuccinelli — who has also requested (more…)

  • CNBC Hosts Thinks Charging for Virtual Game Items is Fraud
    By on November 30, 2009 | Comments Off  Comments

    CNBC host Dennis Kneale scoffed at the idea of charging for virtual items in games when talking with a Playfish co-founder and even said “you guys got quite a racket going on”, practically inferring that Playfish has something shady going on behind their business.