#fraud

8:02pm, 27th May, 2020

U.S. state of Arizona files consumer fraud lawsuit against Google

Arizona filed a consumer fraud lawsuit against Alphabet Inc's Google on Wednesday, alleging that the company used "deceptive" and "unfair" practices to obtain the location data of users.

Amazon tests screening new merchants for fraud via video calls in pandemic

7:18pm, 26th April, 2020

News

Amazon tests screening new merchants for fraud via video calls in pandemic

Amazon.com Inc is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a new plan to counter fraud without in-person meetings in the pandemic, the company said on Sunday.

Demand for Luckin app surges as Chinese rush to drink up after admission of fraud

5:17am, 7th April, 2020

News

Demand for Luckin app surges as Chinese rush to drink up after admission of fraud

Luckin Coffee's app has rocketed to become the second most popular in China as consumers rushed to claim a free drink that it has long offered for downloading, worried the chain might collapse after it said much of its sales last year were fabricated...

Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

5:27pm, 13th May, 2019

News

Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

The former chief financial officer of British software company Autonomy was sentenced on Monday to five years in prison, after a U.S. jury found him guilty of fraud over the $11.1 billion sale of Autonomy in 2011 to Hewlett-Packard.

Apple accused in U.S. lawsuit of securities fraud over iPhone sales in China

12:10pm, 17th April, 2019

News

Apple accused in U.S. lawsuit of securities fraud over iPhone sales in China

Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones, particularly in China, leading to a $74 billion one-day slide in its market value once the truth became known. The complaint filed on Tuesday see...

Lithuanian pleads guilty in U.S. to massive fraud against Google, Facebook

9:22pm, 20th March, 2019

News

Lithuanian pleads guilty in U.S. to massive fraud against Google, Facebook

A Lithuanian man on Wednesday pleaded guilty to U.S. charges that he helped orchestrate a scheme to defraud Facebook Inc and Alphabet Inc's Google out of more than $100 million, federal prosecutors announced.

Huawei to be arraigned in U.S. fraud case in New York on March 14

10:08pm, 1st March, 2019

News

Huawei to be arraigned in U.S. fraud case in New York on March 14

Huawei Technologies Co Ltd and two affiliates will be arraigned on March 14 in U.S. District Court in Brooklyn, New York, on accusations the company committed bank and wire fraud and violated sanctions against Iran, according to a court filing on Fri...

U.S. charges My Big Coin virtual currency firm founder with fraud

1:31pm, 27th February, 2019

News

U.S. charges My Big Coin virtual currency firm founder with fraud

The founder of a Nevada-based company was arrested on Wednesday on federal charges that he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big Coin that he claimed was backed by gold.

Tesla's Musk mocks SEC as judge demands they justify fraud settlement

10:16pm, 4th October, 2018

News

Tesla's Musk mocks SEC as judge demands they justify fraud settlement

Tesla Inc's Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive.

Judge tells Tesla, SEC to justify settlement of fraud lawsuit

1:53pm, 4th October, 2018

News

Judge tells Tesla, SEC to justify settlement of fraud lawsuit

A New York district court judge has asked Tesla Inc Chief Executive Officer Elon Musk and the U.S. Securities and Exchange Commission to provide a joint statement by Oct. 11, explaining why their settlement should be approved.