Obama fundraiser faces new fraud suit Sep 21, 2009
"Later that day, Citibank, which sometime prior to August 23 began to co-operate with federal law enforcement officials concerning Nemazee's activities, accepted a wire transfer from Nemazee repaying Nemazee's loan to Citibank, which at that time amounted to more than $74m.". Juanita Gutierrez, an HSBC spokeswoman, confirmed that the bank had sued Nemazee. (Business Report, South Africa)
Former Pa. Judges Plead Not Guilty to New Charges Sep 16, 2009
It outlines and details their scheme, which included funneling money from Robert J. Powell, the co-owner of two private juvenile detention facilities, and Robert K. Mericle, the builder of those facilities, to the judges through wire transfers, cash, side businesses and fraudulent rental payments for use of a Florida condominium ... On some occasions, probation officers were pressured to change recommendations of release to recommendations of detention," the indictment alleges. Outside of... (Law.com)
Instinct Marketing acts fast to counter scammers move Sep 15, 2009
By the time banks pick up on the bogus check, the wire transfer has gone out, and the mystery shopper is left holding the bag for the money sent out. That s a newer and more lucrative variation on a scheme that has targeted homemakers, senior citizens and the unemployed for years, said Jeffrey Matthews, a fraud specialist and Dallas office managing director for LECG LLC, a consulting and expert witness services firm. (Dallas Business Journal, TX)
Aite and Celent Recognize ACI Enterprise Banker for Breadth of Capabilities Sep 14, 2009
It offers a full range of functionality including balance and transaction reporting; ACH and wire transfer origination and reporting; remote check deposit; bill presentment and payment; and cash concentration. About ACI Worldwide, Inc.. (Primezone Releases)
First-Rate Offshore Banking Services Offered by Energy Investments Experts at World Energy Research Sep 14, 2009
No Limit Wire Transfer Services. Deposit Taking. (PR Newswire)
Woman scammed on Facebook Sep 3, 2009
"We're also working with law enforcement and with Western Union (a wire transfer company commonly used by the scammers) to investigate specific cases and improve education," he wrote. . (San Francisco Chronicle -- Technology)
Facebook scam draws in Miss. resident Sep 3, 2009
Were also working with law enforcement and with Western Union (a wire transfer company commonly used by the scammers) to investigate specific cases and improve education, he wrote. lect> Add your comment (max {maxchars} characters) You must be logged in to leave a comment. (The Clarion-Ledger)
Timmerman: Clinton Fundraiser Faces Fraud Charges Aug 27, 2009
Nemazee paid off the entire $74 million loan from Citibank by wire transfer the next day. As part of the scheme, Nemazee allegedly falsely gave as the address and telephone numbers of various financial institutions purportedly vouching for his financial strength an address and telephone number that was in fact controlled by Nemazee, so that any calls to verify his accounts would come to a number assigned to Nemazee himself, and not any financial institution. (Newsmax)
BBB warns of fee loan schemes in MN Aug 27, 2009
The fee is paid by wire transfer or debited out of the customer s checking account. The BBB said customers who pay the fees never receive their funds. (Twin Cities Business Journal, MN)
Three local residents arrested for human smuggling Aug 27, 2009
The undocumented aliens told police that they had paid the smugglers 40 each to stay at the smuggler s apartment and later 700 through a wire transfer to Western Union at Food City as partial payment for transportation to Little Rock, Arkansas, Gonzalez said. The undocumented aliens were then kicked out of the apartment once the smugglers received the money. (Douglas Daily Dispatch, AZ)
Nigeria: Bad Loans and CEOs Arrests May Lead to Central Bank Takeover Aug 26, 2009
" Global Fleet Group Managing Report, Jimoh Ibrahim made good his promise yesterday when he paid Oceanic Bank the sum of three billion Naira (N3, 000, 000, 000, 00) by wire transfer. The bank had by a letter dated May 18th, 2009 put the total indebtedness of the Global Fleet Group at N8 Billion having acknowledged previous payment of another N3 billion between December 2008 and May this year. Acknowledging yesterday's payment, Oceanic Bank in a letter, thanked Ibrahim for his continued... (allAfrica.com)
ConsumerMan: Beware of bogus bill collectors Aug 25, 2009
He was willing to take a credit card or bank account number, or she could wire transfer the money. Vukonich knew shed paid back the loan and didnt let the caller bully her into paying. (MSNBC -- Business)
Visualization tools support Army's criminal investigations Aug 25, 2009
Evidence might consist of an e-mail message that states that a certain amount of money has been transferred from one account to another or a bank receipt of a wire transfer. Each case has a large chart, created with the i2 software, which details how all the entities in a case relate to one another. (FCW.com)
Kansas man accused of scamming elderly Arlington woman Aug 22, 2009
Arlington police cracked the case by tracking telephone records and wire transfer funds, Arlington police Lieutenant Robert Bongiorno said. They contacted Kansas authorities, and earlier this week, detectives brought Kinney from his home in Iola, Kan. (Boston Globe)
Africa: Transnational Archipelago Aug 20, 2009
While a bank can remit money to practically any other bank in the world through wire transfer, few promote this service as a selling point to attract new customers. On the other hand, commercial service providers, like Western Union, widely advertise their remittance services. (allAfrica.com)
The Business of Human Smuggling on the Mexican Border Aug 20, 2009
Maybe they are short of the money needed to pay for the trip and are hoping for a family member to arrange a wire transfer. Perhaps their guide told them that the Border Patrol is out in force today and it is best to wait until tomorrow. (Slate)
* Standard Chartered targets affluent in Taiwan, China, HK Aug 15, 2009
The bank also provides discounts for foreign exchange services and a three-hour wire transfer in US dollars between China, Taiwan, Hong Kong and Singapore. This story has been viewed 230 times. (Taipei Times, Taiwan -- World Business)
Checks indicate cash aimed for Arpaio Aug 11, 2009
A $10,000 wire transfer from Nicholas William Fergis dated January 2008 also was included in Monday's records; his name was absent from the list that Fox originally provided the county. Last month, Fox revealed the names of SCA contributors. (AZCentral -- News)
Guilty plea in money laundering Aug 8, 2009
The sport utility vehicle was funded through a series of wire transfer payments. Harrison also admitted she stole more than $300,000 from the CPA to make improvements on her house, which included a new deck and hot tub. (NJ.com -- Times)
New designation major help for hospital Aug 6, 2009
"When we get that first wire transfer...". That first transfer, which Dickey said should arrive in September, will be a cash-wrapped blessing. (Brookhaven Daily Leader, MS)
I-Team: Alleged Scammer Back in Court Aug 5, 2009
Wynn explains he paid Rozet $100,000 for the house, negotiated the deal by phone, paid by wire transfer to people he can't identify. Wynn explains he is the victim and laments several hundred thousand dollars lost on the house and its renovations. (KLAS-TV.com, NV)
BofA to end wire transfers in California Aug 4, 2009
The cost of the electronic service is the same as conducting a wire transfer at a branch. The cost is $25 for same-day domestic wire transfers, $10 for next-day service or $3 for third-day service ... The (online) platform is easy to use and saves up to 15 minutes per transaction compared to traditional in-store wire transfers, Haggerty adds. (Charlotte Business Journal, NC)
BofA phasing out in-branch wire transfers Aug 3, 2009
BofA phasing out wire transfers in California branches - San Francisco Business Times ... BofA phasing out wire transfers in California branches ... said this week that it will phase out the ability to conduct wire transfers inside its California branches by year-end. (East Bay Business Times, CA)
BofA phasing out wire transfers in California branches Aug 1, 2009
said this week that it will phase out the ability to conduct wire transfers inside its California branches by year-end ... The cost of the service online is the same as conducting a wire transfer at a branch ... The service costs $25 for same-day domestic wire transfers, $10 for next-day service or $3 for third-day service. (San Jose Business Journal, CA)
Cathay General Bancorp Reports Second Quarter 2009 Results Jul 30, 2009
Non-interest income, which includes revenues from depository service fees, letters of credit commissions, securities gains (losses), gains (losses) on loan sales, wire transfer fees, and other sources of fee income, was $32. 4 million for the second quarter of 2009, an increase of $23. (PR Newswire)
Part time job no experience required hiring everyone Jul 27, 2009
QUESTION : Why don't WINCHESTER-RECRUITMENT's customers use INTERNATIONAL WIRE TRANSFERS to send the payments / investments directly to the main office in London. ANSWER : International wire transfers take a lot of time to clear and are very expensive ... Few banks have an Online International Wire Transfer option, but most of them allow Domestic Wire transfers to be sent directly from the online banking application. (The Clarion-Ledger)
SAN MARCOS: Woman warns of scam Jul 25, 2009
Once it is, detectives will trace the wire transfer as far as possible, he said. Beasley said she doesn't expect to ever get the money back. (North County Times)
I-Team: Sophisticated Internet Scams Cost Locals Millions Jul 22, 2009
Through the amateur detective work of a friend, Batterman identified the woman in Pennsylvania she believes picked up her wire transfer. She say she's spoken to her and that the woman claims to have forwarded the cash to a man in London after taking a little off the top for herself. (KLAS-TV)
Nightclub video surfaces in Pacman case Jul 18, 2009
Las Vegas police have cited wire transfer and phone records and an interview with Edwards' ex-girlfriend to support their case that Edwards extorted Jones. But Jones' connection to Morris is more intriguing. (ESPN -- Football News)
Scam artist cheats would-be vacationers (25) Jul 18, 2009
The catch: the woman wanted 800 upfront and only by wire transfer. Sauther persuaded her contact to give her the address, then tracked the out-of-state owner, who said her house was definitely not for rent. (Corvallis Gazette Times, OR)
Stout student may be victim of popular Internet scam Jul 16, 2009
(Tiegs made Western Union wire transfers to a Canadian address ... He also cautioned against sending money to anybody you don t know through a wire transfer ... At least with credit cards you can chargeback fraudulent purchases; there is no recourse for consumers who use wire transfers, Baker said. (Menomonie Dunn County News, WI)
New tool helps Army root out procurement fraud Jul 15, 2009
Evidence might consist of an e-mail that states that a certain amount of money has been transferred from one account to another, or a bank receipt of a wire transfer. To make sense of this data, the investigative team often uses the I2's , which allows users to graph data elements onto a visual palette. (FCW.com)
Internet Gambling Ban Appears Likely to Withstand 3rd Circuit Challenge Jul 8, 2009
Assuming that Delaware state law says Internet gambling is illegal, Jordan said, the federal law simply criminalizes the wire transfer of funds related to that illegal transaction. "I'm struggling with what's vague about that," Jordan said. (Law.com)
More indictments in Dane Cook embezzlement case Jul 7, 2009
In June 2008, Darryl McCauley caused a wire transfer the GDE account in the amount of $372,263, said Dilworth. That transfer paid off an amount due on a loan to the McCauleys, said Dilworth, which was secured by a mortgage on the Ocean House property. (Seacoast New Hampshire)
New Craigslist scam targets Portland renters Jul 5, 2009
Someone claiming to be the homeowner replied and sought a wire transfer of $950, plus personal information, explaining that he had recently transferred out of country. Goldman filed a police report, contacted the state attorney general s office, the FBI and even Craigslist itself. (KGW Northwest NewsChannel 8, OR)
Hitman scam attacks mobile phones Jul 1, 2009
If you respond, the hitman impersonator will demand the money by wire transfer. The senders claims they are watching you and not to report the SMS or email to police. (Sydney Morning Herald -- Technology)
Avoid This RV Purchase Scam Jun 29, 2009
The thrilled seller receives the draft, deposits it, and sends off a check (or a wire transfer) for the difference. The "shipping agent" may then show up, receive title to the RV, and drive off into the sunset. (Suite101.com)
Former U.S. Army Lieutenant Colonel Sentenced For Role in Fraud Scheme Arising Out of Al-Hillah, Iraq Jun 5, 2009
At the plea hearing, Harrison admitted that in August 2004 she received a Cadillac Escalade from Philip Bloom, a contractor at the CPA-SC. The Escalade was financed through a series of wire transfer payments, which form the basis of the wire fraud charge. Harrison also admitted that she took more than $300,000 from the CPA-SC while deployed there and that she used some of the stolen money to make improvements at her home. (PR Newswire)
Ariz. Prosecutors Dealt Blow in Wire Transfer Case Jun 4, 2009
Prosecutors Dealt Blow in Wire Transfer Case - ABC News ... Prosecutors Dealt Blow in Wire Transfer Case ... Western Union, the biggest wire transfer company in Arizona, challenged the seizures of money going into Sonora, arguing Arizona prosecutors had no power to interfere with transfers into another country. (ABC News -- Wire)
Recent cases show how deep the problem is May 30, 2009
One hacking case involved the use of stolen credit card numbers in an attempt to wire transfer money through the Western Union Corporation. In the NASA incident, the hacker got into the agency's computers and used stolen credit card numbers to purchase electronic equipment. (MSNBC -- Technology)
'Prince of Pot' Vows to Defeat U.S. War on Drugs May 30, 2009
Williams said he handled the phone orders and the wire transfer information, and also sold seeds directly to store customers. On numerous occasions in 2004, Williams sold seeds to an undercover agent, the DEA release said. (Fox News)
Two FTC Executives Charged With Fraud May 21, 2009
Lopez allegedly told the investor falsely via email that a wire transfer of $41. 5 million was returned due to invalid wire instructions, the government said. (SmartMoney)
Extortion scam hits Houston's Chinatown May 20, 2009
Police say the victims that did pay used a wire transfer. Chou says that extortion a problem in Taiwan, and for many Asian immigrants it is a crime they are familiar with. (KHOU.com, TX)
Scams target vulnerable May 17, 2009
It's loosely referred to as the "grandparent scam"and targets people in that age bracket; most recently, a Mandan couple was taken for more than $6,000, including wire transfer fees, thinking they were saving a grandson from the embarrassment of going to court in Canada. A male scammer called the target, crying about being pulled over in Canada for drunken driving. (Bismarck Tribune, ND)
Finance director hopeful to invest May 13, 2009
Liquid investments are investments that can easily be accessed by wire transfer, she said. Currently the city is not investing money, Pendergrass said, largely due to the state trust fund crisis back in October 2007, when cities invested in the State Board of Administrations Local Government surplus fund trust funds. (Lake Wales News, FL)
BOND MARKET'S FULL OF QUESTIONS May 10, 2009
I believe that when a wire transfer from the executor is made, my bank will have to notify the IRS because it's over 10,000 ... He adds that reporting of any wire transfers from foreign sources will depend on the amount, frequency and location. (New York Post -- Business)
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Federal Way Hawks president Mike Barnhart provided Federal Way police with a statement on April 9, and told them the league had located 10 unauthorized checks from two different accounts and a wire transfer for a loan payment to Citi Residential in the amount of $4,000, according to documents. "Barnhart stated all checks were signed by (the suspect) and not authorized by the FWJF board," documents said. (Enumclaw Courier Herald, WA)
Federal Trade Commission warns:beware of 'foreclosure rescue' scams Apr 29, 2009
accepts payment only by cashier's check or wire transfer. encourages you to lease your home so you can buy it back over time. (Gaylord Herald Times, MI)
Oconee County police blotter Apr 29, 2009
The man said he'd bought the coins just a week before from a New Jersey company and could prove it with records from the wire transfer. The coins, each with a face value between $2. (Athens Banner-Herald)
POLICE ITEMS / Local grandmother falls for senior scam Apr 28, 2009
Funds sent via wire transfer are hard to track once received by scammers and are usually not recoverable by law enforcement or banking officials. MV crash. (Cohasset Mariner, MA)
Authorities warn of mystery shopper scam (2060) Apr 28, 2009
The victims then are told to wire transfer money to an out-of-state bank. They then are asked to fill out a secret shopper's evaluation on the quality of the wire service as well as to visit commonly known retail businesses to make purchases while carefully noting how quick and courteous workers at the business are. (Northwest Indiana Times)
Inside a Florida Mortgage Scam Apr 20, 2009
Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. (Time.com)
Dollars flood in for Cuba and Castro as Obama lifts restrictions Apr 19, 2009
About 60 percent of the money sent to Cuba goes via electronic wire transfer, according to the Inter-American Dialogue study. The rest travels in the pockets of visitors. (Business Report, South Africa)
Man pleads guilty to fraud Apr 18, 2009
Based on the fraudulent application, on March 7, 2006, New Century made a wire transfer totaling $294,375 to Hawaii Escrow Inc.. The amount of the new loan exceeded the amount of the old loan and the homeowner was unable to make the payments. (Honolulu Advertiser)
POLICE ALERT / Scammers try to dupe grandparents Apr 10, 2009
Funds sent via wire transfer are hard to track once received by scammers and are usually not recoverable by law enforcement or banking officials. For anyone victimized by this type of distressed loved-one call, Cohasset Police recommend reporting the incident immediately to your local police department and the state Attorney General s Office. (Cohasset Mariner, MA)
Beware grandparent scam Apr 9, 2009
Then Wood said the caller would ask for a wire transfer, as well as an assurance that their grandparent not tell anyone about the situation ... One resident stopped a $4,000 wire transfer when the company he used to transfer the money warned him that it might be a scam. (Scituate Mariner, MA)
Govt traces Halliburton bribe money is in Switzerland Apr 9, 2009
Is it through wire transfer. Is it through somebody. (Guardian News, Nigeria)
BBB: Beware of fraudulent Publishers Clearing House letters Apr 6, 2009
The check is fraudulent and any money sent by wire transfer cannot be recovered. The most obvious indication that this is a scam is that people are being given a check, and then asked to wire a portion of it to claim their prize, said Tucson BBB President Kim States. (Sierra Vista Herald, AZ)
Stanford Cleanup May Be More Complex Than Madoff Apr 4, 2009
"The Argentina government will say it's their beneficiaries, and the receiver will say, 'But here is the wire transfer. We can say it didn't come from Argentineans.'". One benefit is money can be traced, he said. (Law.com)
Bizarre parade of candidates lines up for mayoral race of Russian Olympic city Mar 28, 2009
Mr. Nemtsov's chances looked shakier on Friday, after election officials displayed bank records showing that his campaign fund had received a $5,000 wire transfer from Brooklyn, New York. Russian law prohibits candidates from using foreign campaign donations. (International Herald Tribune)
What's Riding On The Latest Bail00004000out? Mar 24, 2009
The only 'out-of-pocket' expense for these hedge funds and 'buy-out-firms' like Black Rock will be basicly a 'wire transfer fee' for transferring all of the worthless toxic derivatives and credit-default swaps onto the 'balance sheets' of the government. Put the financial system, namely the entire Federal Reserve System into bankruptyc re-organization. (CBS News)
A few examples of popular scams Mar 22, 2009
" After she realized what had occurred, the con artists called again, saying her grandson couldn't leave the country without paying a $2,500 fine. She told them police were on the line, even though they weren't. The scammers hung up. Check overpayment scam Joseph Vogel, of Carrick, was surprised when Moore Hingis from England responded to his ad offering piano lessons on Craigslist, the online classifieds site. Mr. Hingis said he wanted to send his son, Murphy, 14, to Pennsylvania with a nanny... (Pittsburgh Post-Gazette, PA)
Con artists work harder in tough times Mar 22, 2009
" That's why government agencies, law enforcement authorities and wire transfer companies such as MoneyGram International and Western Union devote so much time to educating consumers about fraud. "We feel at this stage it's best to address education and outreach because, truth be told, once the money leaves the shores it's gone," Mr. Frederiksen said. Jody Hinkle, MoneyGram spokeswoman, and Sherry Johnson, Western Union corporate affairs director, said their companies warn about fraud and... (Pittsburgh Post-Gazette, PA)
AG Warns Of Grandparent Scam Mar 19, 2009
Callers requesting that money to be sent by wire transfer (because those funds are hard to track and almost impossible to recover). Texans should always exercise some skepticism when they receive telephone calls urgently requesting money, said Abbott. (KWTX.com, TX)
U.S.-Mexico team needed to stop cartels, state AG says Mar 19, 2009
The attorney general said traffickers turn to some seemingly legitimate businesses for assistance, such as weapons dealers who sell guns to rings that sneak guns into Mexico and some money wire transfer businesses that help move suspected smuggling proceeds. For more than four years, Goddard's office had used special court orders that allowed his prosecutors to seize $17 million in wire transfers flowing to Arizona that authorities said were payments to smugglers ... Western Union, the biggest... (Casa Grande Valley Newspapers, AZ)
