fraud

4 Things Identity Thieves Don't Want You To Know

More than 11.6 million people in the U.S. reported having their identity stolen in 2011, 13 percent more than in 2010, and those numbers are likely to rise further. But you can avoid being a victim: Here are four things identity thieves don't want you to know.

S&P Expects U.S. Lawsuit Over Its Mortgage Ratings

The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.

Forget the Taxman: You're Working to Pay Your Doctor

Recently, Forbes contributor Chris Conover took an interesting angle on the issue of health care in America by calculating the health care costs of the average worker. According to his figures, they add up to $8,953 per year -- the equivalent of 58 days of work.

A Look at Back at Bank Scandals Since the Financial Crisis

Even before the LIBOR scandal hit, the financial industry's image was already badly tarnished by its leading role in causing the global financial crisis and recession. Here's a look at some of the low points for banking and bankers since the start of the financial crisis.

12 Holiday Cyber Scams to Watch Out For

As more consumers pick up their smartphones and tablets to go holiday shopping, cyber crooks are trying just about everything to dupe them out of their hard-earned money. To keep you protected, we asked an online security expert to list the season's hottest scams and how to avoid them.

Insider Trading at Playboy: The Case Against Christie Hefner's Husband Revealed

Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.

Entrepreneur of the Year Allegedly Stole $40 Million From Investors

A Miami businessman whom Ernst & Young once named "Entrepreneur of the Year" has been accused of swindling $40 million from investors, including some NBA stars, to support a lavish lifestyle. Venezuelan-born Claudio Osorio, 54, was arrested Friday and charged with 23 counts of fraud and money laundering .

JPMorgan Hit With Fraud Lawsuit Over Bear Stearns Securities

The New York attorney general's office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns -- prior to its collapse and subsequent sale to JPMorgan in 2008 -- perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.

Six-Figure Scams Targeting Seniors On the Rise

Older Americans are under more financial pressure than ever. Unfortunately, scam artists are taking advantage of the sometimes desperate needs of seniors to boost their income, and victims have lost huge portions of their life savings as a result.

8 Signs Your Identity Has Been Compromised

While frequent data breaches may have desensitized some consumers to identity theft, it%u2019s still important to pay attention to early warning signs your info is being used illegally.

Report: Suspect Billings at 2,600 Drugstores

A pharmacy in Kansas billed Medicare for more than 1,000 prescriptions each for two patients in a single year, part of a pattern of questionable billings at 2,600 drugstores nationwide uncovered by federal investigators in a report Thursday.

5 U.S. Businesses That Ought to Be Ashamed of Themselves

In contrast to the many U.S. companies we should view with pride, some have behaved in ways that are downright evil. For their exploitative behaviors, these businesses have earned their seats on the corporate netherworld's board of shame.

America's 10 Worst States for Fraud

When times are hard, fraud often gets worse. Americans are under great financial pressure, and there is no shortage of criminals waiting to take advantage of it. 24/7 Wall St. examined the 10 states that had the most per-capita fraud complaints.

Phishing Scams, Fake Reviews: How Not to Be Duped

This is high season for tax-related phishing scams, as online con artists try to trick you out of your personal data, and thus your cash. But Internet scams and deceptions are a year-round industry. Here are some tips on how to avoid being conned.

Afraid of an IRS Audit? It's Not As Bad As You Think

No one is claiming that an IRS audit is a cakewalk. But a tax audit is probably less likely -- and less gruesome -- than most people fear. And the IRS isn't allowed to swoop down upon you just any old time: Their clock is ticking.

The Super Bowl of Fakes: Big Game's a Win for Scammers

The quantity of counterfeit goods entering the U.S. is increasing, and it gets worse around an event like the Super Bowl. Federal agents recently seized more than $6 million of counterfeits and shut down more than 300 illegal websites. But consumers are at risk for more than just getting a shoddy NFL jersey.

Valentine's Scams: Don't Be a Fool for Love Online

Valentine's Day offers Internet con artists a great cover for their illegal craft: Using love as a lure, scammers sweet-talk their victims out of personal information the can use to rob you. Here's what you need to know to avoid falling for a fraud.