08 May 2019

Cryptocurrency, Fraud 0 Comment
NEW YORK (Reuters) - Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday. The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion. But cryptocurrency crime has ballooned as t...
Read more

06 May 2019

Uncategorized 0 Comment
A metals manufacturer faked test results and provided faulty materials to NASA, causing more than $700 million in losses and two failed satellite launch missions, according to an investigation by the U.S. space agency. The fraud involved an Oregon company called Sapa Profiles Inc., which falsified thousands of certifications for aluminum parts over 19 years for hundreds of customers, ...
Read more

06 Mar 2019

Fraud 0 Comment
Chairman of the Code of Tribunal, Danladi Umar,on Friday, adjourned the trial of the suspended Chief Justice of Nigeria, Justice Walter Onnoghen, on charges of non-declaration of assets, till March 11. The tribunal chairman had earlier insisted on adjourning the matter till February 21 in defiance to an agreement between the prosecuting team led by Ibrahim Musa and the defence team le...
Read more

15 Jan 2019

Fraud 0 Comment
The National Industrial Court, Abuja, on Monday affirmed the dismissal of one Rabi Ibrahim, from Unity Bank Plc, following her involvement in N306.2 million fraud. Ibrahim was dismissed on grounds of negligence, when it was discovered that she used her password to approve unauthorised transactions from accounts belonging to three different organisations without the consent of the acco...
Read more

11 Jan 2019

Fraud 0 Comment
The United States Department of Justice has announced the arrest of 74 people in the US and overseas, including 29 in Nigeria, and three in Canada, Mauritius and Poland, for alleged financial fraud. The arrests were as a result of a coordinated effort to disrupt business email compromise schemes that are designed to intercept and hijack wire transfers from businesses and individuals, ...
Read more

10 Jan 2019

Fraud 0 Comment
The Economic and Financial Crimes Commission (EFCC) has arrested two Union Bank of Nigeria managers for allegedly stealing the sum of N661million from the bank. The commission said in a statement released by its spokesman, Wilson Uwujaren in Abuja on Tuesday said that the duo of Samuel Obende, a branch Manager and Rabiu Alhasan Dawaki, Head of Operation stole the money in the course o...
Read more
Wants to Become a Certified Fraud Examiner ?
Attend our next CFE exam review course and become a Certified Fraud Examiner in 2020. Register now !
                        Opened for Lagos/Abuja NG
                      Date: March 19 - 22, 2020
RabloWoods
FILL THE FORM BELOW AND WE WILL GIVE YOU A CALL IMMEDIATELY
* we never share your data with third parties.