bank fraud

Five members of an international cyber-crime ring were convicted on federal charges for their part in a phishing scheme that fooled consumers into revealing personal information that was then used to siphon their bank accounts. The five scammers found guilty by a federal jury were among 53...

Foreclosures nationwide have exposed a swamp of fraudulent documents, but in many parts of Florida, courts have been letting banks ignore the law with impunity. Now, moves by Florida's Supreme Court and its state bar association may finally start cleaning up the fraud there by holding banks -- and lawyers -- accountable.

Despite the best efforts of banks and security experts, Internet fraud continues to cost consumers millions of dollars every year. But a new credit card sized piece of plastic has the potential to stop one of the most popular forms of online fraud; fooling consumers or their banks into handing over...

Faith-based Integrity Bank folded in 2008. Now, it seems its executives weren't very upright. They've been charged with fraud, conspiracy and bribery. And in this roundup of legal news: Moody's is in more trouble with the SEC over its ratings.

Call it an ATM for cyber-crooks -- and the cash could come out of your account. Web security sleuths have found a new type of "Trojan horse" that steals your bank log-in name and password, then proceeds to drain money from your account -- while you're logged in. The new Trojan, called URLZone,...

Ask any white collar criminal (past or present) and they will likely tell you that one of the main factors in getting away with their crimes (at least for a while) was the believability factor. Above all else, those in the position to be ripped off had to believe in the white collar criminal.So it...

Wachovia Bank has entered into a settlement agreement with the Office of the Comptroller of the Currency (OCC) to pay restitution to consumers who were defrauded by certain telemarketers and third party payment processors. The companies that defrauded consumers included Payment Processing Center,...