financial-fraud
4 stories related to this topic, newest first.
Jorge Láscar from Melbourne, Australia / Wikimedia (CC BY 2.0)Malaysia Unveils Four Recovered 1MDB Paintings Valued at $198,125 at Anti-Corruption Headquarters
Four paintings linked to the 1MDB scandal, including works by Picasso and Miro, were displayed publicly for the first time at Malaysia's anti-corruption headquarters in Putrajaya. The artworks, repatriated from New York last month, represent a portion of assets recovered from the…
Former IRS Agent Charged in $12 Million Embezzlement from Fuel Firm
Federal prosecutors charged a former IRS revenue agent with embezzling over $12 million while serving as CFO and controller of a New Jersey fuel company. The case exposes vulnerabilities in corporate financial oversight and IRS employee conduct standards.
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)UK Energy Company Reports Hacker Redirected Contractor Payment to Own Account
A UK energy company disclosed that a hacker redirected a payment intended for a contractor, resulting in the loss of £700,000. The incident involved the payment landing in the hacker's bank account. The company has notified authorities and is cooperating with investigations.
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Experts Explain Importance of Free Credit Reports for Retirees
Financial experts state that retirees should monitor their free annual credit reports to address errors, prepare for unexpected expenses and detect fraud. Credit scores influence insurance premiums, loan approvals and utility setups in retirement. Regular checks can prevent highe…