Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

CSRC Probes Haitong Securities in Financial Reporting Fraud Case

By Editors | 10/09/2021

Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.

Fraud, Scams & Cybercrime

US SEC Charges BitConnect for $2bn Cryptocurrency Fraud

By Editors | 06/09/2021

BitConnect promised investors lucrative returns through the use of a proprietary trading bot, but investor funds were siphoned off by the company’s founder and others.

Fraud, Scams & Cybercrime

Singapore: 20 More Charges Laid in Nickel Trading Fraud Case

By Editors | 03/09/2021

Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.

Fraud, Scams & Cybercrime

UPDATED – Bangladesh Banks Ordered to Block E-commerce Payments

By Editors | 03/09/2021

Bangladesh Bank has directed banks to block e-commerce firms from receiving direct payments from customers.

Fraud, Scams & Cybercrime

Singapore Court Charges UK Man in Wirecard Probe

By Ranamita Chakraborty | 02/09/2021

The man faces charges for abetting the falsification of a document that represented Wirecard’s missing money was being held in escrow.

Fraud, Scams & Cybercrime

CSRC to Eliminate “Fake” Private Equity, Venture Capital Funds

By Editors | 01/09/2021

CSRC chairman Yi Huiman said “fake” private equity funds that are sold to the general public instead of targeted investors will be eliminated.

Fraud, Scams & Cybercrime

Korea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud

By Sanday Chongo Kabange | 31/08/2021

The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.

Fraud, Scams & Cybercrime

HK Police Arrest Two in Corporate Fraud Case

By Editors | 30/08/2021

The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.

Cybersecurity

ASIC Prioritises Economic Recovery in New Corporate Plan

By Ranamita Chakraborty | 26/08/2021

ASIC’s key external priorities for the next four years include the economy, innovation, consumer harm, cyber resilience, and industry readiness for regulatory reforms.