Fraudsters made £113m by cold-calling bank customers and stealing their money to fund their luxury lifestyle

Fraudsters behind a £113 million international money laundering ring conducted one of Britain’s biggest ever cyber scams cold-calling bank customers. Police said the criminals, who targeted Lloyds and RBS business banking customers, made between £1 million and £2 million a week at its peak and ...Read More

Protiviti’s Week in Review

• Earlier this month, Fortune magazine, published a lead story about insider-trading. You may recall, in 2010 when the FBI raided hedge funds Diamondback Capital Management, Level Global and Loch Capital Management. The raid and subsequent non-prosecution agreement, along with $9 million in fines ...Read More
A DAILY ROUNDUP OF THE MOST FASCINATING WALL ST, COMPLIANCE AND REGULATORY NEWS.