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Pump and dump schemes are an example of a fraudulent and manipulative scheme which creates a false or misleading market, which benefits the fraudster. A key to their success is their ability to reach, and in turn manipulate, as many people as possibl...

All business owners should be aware of the potential risks and the appropriate procedures to have in place to minimise the risk of inventory fraud. Inventory fraud can transpire across all facets of small and large businesses. This type of fraud us...

A cheque kiting scheme generates non-existent revenue and produces questionable account balances by taking advantage of the clearing period for a cheque, known as the ‘float period’. According to the Association of Certified Fraud Examiners (ACFE), c...

In the first of a ten-part series on fraud, Mathew Clingerman, of fraud investigator and asset recovery specialist KRyS Global, looks at identity theft. A 2014 report carried out by Javelin Strategy & Research found that identity fraud occurred a...

Gibraltar media reported last week that hundreds of small investors who lost money as a result of fraud committed by Benjamin, Isaac and Solomon Marrache, brothers who had run one of Gibralter’s largest law firms, are unlikely to recover their assets...

A surge in Financial Assistance clients, prompting Government to launch a fraud hotline to catch cheaters, was seized by the Opposition as a sign that the One Bermuda Alliance lacks a plan for jobs. Michael Weeks, Shadow Community Minister, said yest...

A US firm that routed business through a Bermuda subsidiary to “fleece” clients out of millions of dollars of extra fees has coughed up more than $150 million in fines in America. The Bermuda arm of ConvergEx, a leading transactions services provider...

A list of red-flagged countries with poor controls on money laundering and fraud has been highlighted by Government. Attorney General Mark Pettingill said the list of “serious deficiencies” included totalitarian North Korea, and Iran, which the inter...